According to the research report titled ‘Global Corporate Training Market - Analysis By Method (Synchronous, Asynchronous, Hybrid), Training Type, End-User Industry, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global corporate training market was valued at USD 394.2 billion in 2020 and is touted to record a commendable CAGR over the forecast period 2021-2026.
 

Corporate training is evolving rapidly from its traditional role of guiding new hires & salespeople, to newer areas, becoming a strategic partnership critical to the success of a business. This is acting as a major impetus to global corporate training market growth.
 

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Companies are investing heavily in technology & digitalization for virtual or online training, which along with rising demand from sectors which require skilled & efficient employees will add the industry valuation.
 

Based on training type, the industry classification comprises technical and non-technical segments. By method, the market is arrayed into asynchronous (online/web-based, offline/instructed-led, blended), synchronous, and hybrid trainings. Lastly, classifying by end user spectrum, global corporate training industry is split into energy, manufacturing, business & professional services, and others.
 

From a regional frame of reference, North America presently accounts for a major portion of the overall industry share, owing to presence of various leading companies and prominent brands in the region. Moreover, factors such as growing number of working individuals, easy access to internet, and availability of numerous training service providers will boost regional market development.
 

Introduction of new economic stimulus packages by governments in order to assuage the impact of COVID-19 pandemic on the economy & businesses will also aid revenue inflow in the North American market in the upcoming years.
 

Major players profiled in global corporate training marketplace are Bureau Veritas S.A., Pluralsight Inc., NIIT Ltd., GP Strategies Corp., Cornerstone OnDemand Inc., TÜV Rheinland AG, SGS S.A., Intertek Group plc, DEKRA SE, and BSI (British Standards Institution) Group.