IT Training market by application (IT Infrastructure Training, Enterprise Application and Software Training, Cyber, Security Training, Database Training, end users (Educational centers like schools, colleges and Corporate sector) and geography.
Global IT Training market size revenue to reach $109.8 billion by 2027, growing with a CAGR of 6.6% during the forecast period of 2020 to 2027.
Growing need awareness about skill enhancement and employee retention have contributed significantly to the growth of the corporate sector. Other key drivers include better quality primary and secondary education, increasing corporate skill and training funding, more budgetary allocations to education by the government, increasing literacy rates, and cultural inclinations. Easy accessibility and cost effective nature of training available these days are expected to drive the global market.
Virtual reality technology coupled with mobility and increasing social inclination is further expected to drive information technology training market. On a supplier front, better engagement standards and customizable quality content market share. Vendors acceptance to invest in online learning subscriptions and online courses are expected to push the online segment of the market especially through the learning management system also known as LMS. This mode of learning is being widely used by corporate enterprises. Video-based learning, game-based mode, and virtual classrooms provide a wider range of options to the end-users to choose from and hence help raise demand.
When it comes to the consumer, working professionals seeking to upgrade and polish their skill set are key contributors to the market growth. Greater preference for continuous learning to open up newer career opportunities has led to users to adopt training which help to upgrade aptitude and career prospects. For employers, the requirement to train employees to perform specialized assignments correctly in addition to easy access, content accuracy, instructional integrity, user satisfaction, and technological soundness is expected to drive the market for years to come.
On the other hand, factors such as a greater proportion of skilled workforce coming forth for imparting information technology training as a consequence to the fact that the market is its early stage are restricting the global market growth. Nevertheless, higher education, vocational training with a high demand for diverse content from the segment, ranging from language learning to functional subjects ranging from web development, engineering, sciences, to commerce and finance is expected to continue pushing the demand for IT training.
The global IT training market has been witnessing huge growth over these years and is expected to do so in the coming years due to the rising adoption of the latest technologies worldwide. Besides, smartphone penetration, globalization, and industrialization are spurring the growth of the IT training market.
IT training involves instructing and educating users through smart classrooms, workshops, distance learning, and more on networking and cloud computing technologies. Also, IT training includes sharing knowledge of IT-related technologies and software.
The rising adoption of cloud computing technologies has made it imperative for organizations across various domains to focus on educating their employees on several emerging technologies. This has subsequently increased the demand for IT training worldwide.
The growing demand for IT training across the Asia-Pacific market will offer exciting opportunities for organizations providing IT training.
IT Training Market Segmentation Analysis
It Training Market is segmented by application, end users and geography.
The global IT training market is expected to grow by $6.26 billion in the period between the years 2020 and 2024. This growth will be driven by the greater need for e-learning by organizations as they train employees on new developments in their fields. At the moment, North America leads the market in terms of market share, and is expected to record the highest growth in the period. Europe, APAC, South America and MEA are expected to grow significantly to claim a larger share of the market. The growth in the IT training market is credited to players such as Microsoft Corp., LearnQuest Inc., NIIT Ltd, QA Ltd, Oracle Corp., Pluralsight Inc. and Learning Tree International Inc.
IT Training Market Competition
Key companies operating in this industry are IBM Corporation, Oracle Corporation, SAP, Learn quest, Global Knowledge, Avent Academy, Symantec, Avnet Academy, Dell, Infosec Learning, SkillSoft, TATA Interactive System and ILX Group.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
IT Training Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Data and AI
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Large Enterprises
• Military and Others
Country Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
IT Training Market Companies
• IBM Corporation
• Oracle Corporation
• Global Knowledge
• Avent Academy
• Avnet Academy
• Infosec Learning
• TATA Interactive System
• ILX Group.
United States IT Training Industry Research Report
Europe IT Training Industry Research Report
Asia Pacific ITS Training Industry Research Report
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