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 valuation had reached USD 394.20 billion in 2020 and is predicted to expand significantly during 2021-2026.
 

Rapid digitalization and focus towards using advanced technologies in order to offer virtual training to staff in tandem with growing demand for online training solutions from business & professional services are some of the key factors driving the growth of global corporate training market.
 

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Several enterprises are lately focusing on supporting learning and development aspects of staff in order to ensure they emerge as strategic partners in achieving organizational goals. Thus, rising adoption of corporate training solutions to promote employee development is stimulating the industry outlook.
 

In terms of method type, global corporate training industry is fragmented into hybrid training, asynchronous, and synchronous segments. Asynchronous training segment is further split into blended training, online training, and offline training.
 

Moving on to industry type, the market space is divided into energy, manufacturing, business & professional services, and others. By training type, global corporate training industry is bifurcated into non-technical and technical segments.
 

The regional spectrum of worldwide corporate training market consists of regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is likely to account for the largest market share by the year 2026.
 

High concentration of leading companies, increasing number of training services providers, widespread adoption of digital solutions owing to rising COVID-19 cases, and growing working population are facilitating the business scenario in North America.
 

The competitive landscape of global corporate training market is defined by companies such as Bureau Veritas, Pluralsight Inc., Udemy Inc., NIIT, GP Strategies Corp., Cornerstone OnDemand Inc., TÜV Rheinland, TÜV NORD Group, SGS S.A., SAI Global, Intertek Group plc, DEKRA, and BSI among others.