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Corporate workforce development training is provided to the employees who have newly joined the organization as fresher or have re-joined a new organization on the same or different post. Corporate workforce development training includes training of technical as well as non-technical skills, depending on the need of an organization.

Training programs such as business language skills cross-cultural skills, and communication skills etc. also use the online learning model. This online method of knowledge delivery is advantageous for organizations as employees can watch videos according to their convenience, and trainers can effectively assess an employee’s performance during training sessions. 

Factors Driving Growth of the Global Corporate Workforce Development Training Market

Organizations across the globe are adopting many computer languages to speed up the input and output processes of machines. Moreover, organizations, mainly consulting companies, are adopting computer languages such as python, and R for data processing, manipulation, and visualization. These programming languages increase the programming speed as they contain many libraries and extensions, and add features such as a number of graphical libraries, and a wide number of array packages. Implementation of new languages by organizations is fuelling the adoption of corporate workforce development training. This includes training in various computer languages such as JavaScript, Java, C#, C++, and ruby.

Moreover, the growing IT industry is expected to drive the adoption of corporate workforce training in the IT industry. Technical workforce training includes training for various IT languages such as C, C++, Java, and Python. Organizations provide training to their employees depending on their roles and responsibility. For instance, according to India Brand Equity Foundation, The IT-BPM (business process management) sector in India stood at US$ 177 billion in 2019 witnessing a growth of 6.1% year-on-year and it is estimated that the size of the industry will grow to US$ 350 billion by 2025.

Regional Analysis of the Global Corporate Workforce Development Training Market

On the basis of region, the global corporate workforce development training market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

In 2018, the North America region accounted for the largest share in the corporate workforce development training market, and it is expected to retain its dominance during the forecast period owing to presence of companies such as Google, Microsoft, and IBM. For instance, according to Coherent Market Insights' analysis, in 2020, the global IT industry is expected to reach US$ 5.18 trillion, and the U.S. is expected to hold the largest share of around 31% in 2020. This is expected to facilitate growth of the market over the forecast period in North America.

Asia Pacific is also expected to witness significant growth during the forecast period. The growth in this region is mainly attributed to rising adoption of cloud-based solutions, and rising investment in technology in emerging economies such as India and China.

Key Players in the Global Corporate Workforce Development Training Market

Some of the key players operating in the global corporate workforce development training market include CARA Group, Dale Carnegie & Associates, Inc., Eton Institute, GP Strategies Corporation, Infopro Learning, Inc., LearnQuest, Inc., NIIT Limited, Pearson, Raytheon Company, Skillsoft Corporation, Wilson Learning Worldwide Inc. and others.

Global Corporate Workforce Development Training Market: Taxonomy

The global corporate workforce development training market is segmented on the basis of mode of training, training type, enterprise size, end-use industry and region.

  • On the basis of mode of training, the global corporate workforce development training market is segmented into:
    • Online
    • Instructor-led Learning
  • On the basis of training type, the global corporate workforce development training market is segmented into:
    • Technology Training
    • Project Management
    • Quality Management
    • Sales Training
    • Soft Skills
    • Digital Skills Training
    • Others
  • On the basis of enterprise size, the global corporate workforce development training market is segmented into:
    • SMEs
    • Large Enterprise
  • On the basis of end-use industry, the global corporate workforce development training market is segmented into:
    • BFSI
    • IT & Telecom
    • Education
    • Healthcare
    • Manufacturing
    • Aerospace
    • Others
  • On the basis of region, the global corporate workforce development training market is segmented into:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users