As cited by 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 MarketStudyReport, global corporate training market generated revenues worth USD 394.20 billion in 2020 and is likely to amass notable gains over 2021-2026.
 

Evolving demand for corporate training solutions coupled with learning & development professionals as well as the corporate trainers becoming strategic partners for the success of their businesses are majorly driving global corporate training market growth.
 

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Increasing investments in latest technology & digitalization in order to offer online or virtual training to learners along with rising demand from business & professional services as well as from various industries which need skilled & efficient employees, is favoring the industry outlook.
 

Based on method, global corporate training industry landscape is segmented into asynchronous, synchronous, and hybrid training. Considering industry type, the marketplace is divided into business & professional services, energy, manufacturing, and others. Speaking of the training type, the business space is bifurcated into technical, and non-technical.
 

On the geographical front, the industry is categorized into North America, Asia Pacific, Latin America, Middle East & Africa and Europe.
 

North America market is anticipated to garner notable returns over the estimated timeline. This can be accredited to the presence of prominent corporate training solutions providers as well as several global leading brands and businesses in the region along with access to various training service providers are adding traction to the overall market size.
 

Moreover, introduction of economic stimulus packages by the government for the mitigation of the impacts of coronavirus pandemic on economy & businesses along with rising working population and easy access to internet, is positively swaying the industry trends.
 

Major players profiled in the worldwide corporate training industry space are Bureau Veritas Group, PluralSight Inc., Udemy Inc., NIIT Ltd., GP Strategies Corp., Cornerstone OnDemand Inc., TÜV Rheinland Group, TÜV Nord Group, SGS S.A., SAI Global, Intertek Group plc, Dekra SE, and BSI Group.