Changing the working style and increasing the use of technology will drive the employee training demand. Companies will shift from the traditional classroom training to the digital training set-up which will enable businesses to operate efficiently while ensuring employee safety.
As more than 70% of businesses in the United States are working from home in response to the novel coronavirus, classroom training scheduled in the month of June has been either postponed or are canceled. Does this mean employers are going to pause the re-skilling process?
Currently, there are unprecedented economic challenges that have dampened the overall business environment. Companies are experiencing falling consumer demand and are losing an excessive amount of money. Various companies are also expected to resort to downsizing to compensate for the loss. As a part of business cost-cutting, companies are also expected to slacken their training expenditure.
However, companies cannot completely stop the process of employee skilling and up-skilling. The increasing digitalization of business operation and growing need to adapt to the remote workstyle will lead to a requirement of both unit-level up-skilling as well as organization-wide transformational training. As a part of the company’s COVID response strategy, there will be an increase in demand for technical as well as non-technical training such as teaching remote-working skills, remote-management skills, leadership skills in a time of crisis and others.
Online training will come to the rescue of businesses to help them revive from the situation and also to maintain social-distancing protocols that will ensure safety. However, the online training process is highly dependent on technology which will compel companies to resort to outsourcing the training to ensure efficient training delivery. Enterprises can also leverage on the train the trainer services to prepare managers. Companies will be also looking to explore different digital learning methodologies such as virtual learning, social learning, mobile learning, and microlearning platforms.
According to the report by Ken Research titled “USA Corporate Training Market Outlook to 2025- Driven by Growing Skill Gap due to Increasing Use of Technology and Introduction of Online Training Methodologies” the online training demand will value more than USD 40 billion by 2025. Companies will be looking for the development of customised training strategies in sync to its COVID response strategy to enable employees to adapt and evolve from the crises.
Key Segments Covered: –
By End User Industry
BFSI
IT and Telecom
Healthcare
Automotive
Manufacturing
By Training Services
Technical
Leadership
Managerial
Sales
Customer Support
By Delivery Mode
Classroom Training
Blended Training
Virtual Training
Online Training (No Instructor)
By Organizational Size
Large Companies (+1000 Employees)
Medium Companies (500-1000 Employees)
Small Companies (0-500 Employees)
By Designation
Managerial
Non-Managerial
Integrated
By Deployment
On-Site
Off-Site
By Training Type
Customized
Open
Companies Covered:
GP Strategies
Franklin Covey
NIIT
Learning Tree International
Global Knowledge
Pluralsight
Centre for Creative Leadership
Skillsoft
Udemy
Udacity
Coursera
Simplilearn
Key Target Audience
Corporate Training Companies
Education Platforms
Corporate Training Aggregators
Corporate Organizations
Management Consultants
Corporate Trainers
MHRD
Education Associations
Time Period Captured in the Report: –
Historical Period: 2014–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: –
US Online Corporate Training Market
US Corporate Training Industry Research Report
US Managerial Corporate Training Market
Top Blended Service Providers in USA
Employee Training in Automotive Industry US
US Corporate Training in Telecom Industry
US Employee Training Industry
US Ed-Tech Market Growth
US Corporate E-Learning Industry
Training industry in the U.S
Corporate Training Companies in U.S
Education Platforms in the USA
Managed Employee Training Services US
Corporate Training in America
US Corporate Training Market Major Players
For More Information on the Research Report, refer to below links: –
US Corporate Training Industry Growth
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
