According to a 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 expected to register significant growth over the forecast period 2021-2026.
 

Report findings suggest that rapidly escalating demand for corporate training in order to support learning & development of professionals is boosting worldwide corporate training industry growth. Furthermore, fast-developing role of corporate trainers as strategic partners critical to the success of businesses, is also stimulating market expansion.
 

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Inflowing investments in latest technology for virtual or online training, and focused preference for skilled employees from business & professional services across several industries are further propelling global corporate training market growth.
 

Based on method, the industry is classified into asynchronous (online, offline, and blended trainings), hybrid, and synchronous. By training type, the business vertical is split into technical, and non-technical.
 

Elaborating on end-user spectrum, worldwide corporate training market comprises of manufacturing, business & professional services, energy, and others.
 

On the regional front, North America accounted for a substantial market share in the recent past. This can be attributed to presence of leading corporate training companies and various international brands in the region.
 

Additionally, the government launched economic stimulus package aimed at mitigating the effects of the Covid-19 pandemic, which coupled with increase in working population, and easy accessibility to internet are likely to create growth opportunities in the regional market.
 

Major contenders in global corporate training industry sphere are Bureau Veritas S.A., Pluralsight Inc., Udemy Inc., NIIT Ltd. (National Institute of Information Technology), GP Strategies Corp., Cornerstone OnDemand Inc., TÜV Rheinland AG, TÜV Nord Group, SGS S.A., SAI Global, Intertek Group plc, DEKRA SE, and BSI Group.