USD 113.36 billion
IT Training Market Size, Share, Growth Analysis, By Type(Infrastructure, Development, Data and AI, Security and Others), By End User(Corporate, Schools and Colleges and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20P2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
73
IT Training Market Insights
IT Training Market size was valued at USD 72.84 billion in 2022 and is poised to grow from USD 75.10 billion in 2023 to USD 95.88 billion by 2031, growing at a CAGR of 3.1% during the forecast period (2024-2031).
IT training involves the dissemination of knowledge and skills related to computer-based systems' development, application, implementation, design, and management. As organizations worldwide embrace the latest technologies, IT training has become a vital component in ensuring efficient operations. A well-rounded IT training equips companies to handle their data and resources effectively, ultimately enhancing employee productivity and overall efficiency. The proliferation of smartphones and smart wearables has led to a rising interest in mobile-based IT training. This approach allows learners to access information conveniently on their mobile devices at any time and from anywhere. Given the dynamic nature of technology and ever-changing business requirements, regular training programs are essential for employees to stay abreast of the latest developments in the market. This has positively influenced the market landscape.
Traditionally, corporate training incurred substantial expenses for organizations. However, the advent of e-learning methods has enabled companies to cut costs while providing effective IT training to their staff. Furthermore, there is a growing trend of governments and public bodies supporting educational technology and e-learning initiatives, leading to an increased demand for IT expertise to educate both students and teachers in this domain.
US IT Training Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Corporate
Fastest Growth
Corporate
Growth Rate
8.0% CAGR
Global IT Training Market ($ Bn)
Country Share for North America Region (%)
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IT Training Market Segmental Analysis
Global IT Training Market is segmented into Type, End user, and region. By Type, the market is segmented into Infrastructure, Development, Data and AI, Security and Others. By End user, the market is segmented into Corporate, Schools and Colleges and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
IT Training Market Analysis By Type
Infrastructure training is the dominant segment that involves imparting knowledge and skills related to the design, implementation, and management of computer-based systems' infrastructure. This segment dominates the IT training market due to its crucial role in ensuring the smooth functioning of IT operations within organizations. The increasing complexity of IT infrastructure and the need for specialized expertise drive the demand for infrastructure training.
On the other hand, Data and AI is the fastest growing segment and have been rapidly gaining prominence in recent years due to the increasing adoption of data-driven decision-making and artificial intelligence technologies across various industries. Companies have recognized the potential of leveraging data for insights and business improvements, which has resulted in a significant demand for skilled professionals in data analysis, data science, machine learning, and AI development. The growth of AI and data-related technologies has led to an increased need for training and upskilling in these areas. Many organizations have been investing heavily in data and AI training programs for their employees to harness the potential of these technologies effectively.
IT Training Market Analysis By End user
The Corporate segment dominates the market which comprises businesses and organizations of various sizes and industries that seek IT training for their employees. In today's digital age, companies heavily rely on computer-based systems to carry out their operations efficiently. To remain competitive, they recognize the importance of equipping their workforce with the necessary IT knowledge and skills. Corporate IT training often covers a wide range of topics, including software applications, cybersecurity, data management, cloud computing, and more. With companies adopting the latest technologies to improve productivity and optimize processes, the demand for IT training in the corporate sector remains consistently high.
On the other hand, Schools and Colleges is considered to be the fastest growing segment. As technology becomes increasingly integrated into educational curricula, there is a growing need to provide IT training to students and educators alike. Schools and colleges recognize the importance of preparing their students for a digital future, where IT skills are essential for personal and professional growth. The focus on integrating IT training in educational settings has accelerated, especially due to the demands of a technology-driven job market. As a result, this segment experiences rapid growth, responding to the increasing importance of IT proficiency in the academic and professional domains.
Global IT Training Market By end Type
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IT Training Market Regional Insights
The Global IT Training Market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, North America emerged as the leader, holding the largest market share, and it is expected to witness substantial growth at a significant Compound Annual Growth Rate (CAGR) throughout the forecast period. The United States, in particular, plays a significant role in driving the growth of IT training services due to its large technology sector and numerous tech companies. The region's focus on innovation and adoption of new technologies creates a continuous demand for IT training to keep the workforce up-to-date with the latest advancements. Additionally, Canada also contributes to the regional IT training market growth, with its tech-savvy population and expanding tech industries.
On the other hand, Asia Pacific is considered to be the fastest growing region. The Asia-Pacific region is witnessing rapid growth in the IT training market. Countries such as India, China, Japan, South Korea, and Singapore are among the key contributors to this growth. The region's vast population and increasing adoption of technology across industries have fueled the demand for IT training. Furthermore, the rise of IT and technology-based startups in countries like India has further boosted the need for skilled IT professionals, driving the demand for IT training services.
Global IT Training Market By Geography
- Largest
- Fastest
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IT Training Market Dynamics
IT Training Market Drivers
Rapid Technological Advancements
- The ever-evolving landscape of technology drives the need for continuous IT training. New technologies, programming languages, software applications, and IT methodologies emerge regularly. Organizations and individuals seek IT training to stay up-to-date with these advancements, enhance their skills, and remain competitive in the market.
Increasing Demand for Skilled IT Professionals:
- As businesses and industries increasingly rely on technology to streamline their operations, there is a growing demand for skilled IT professionals. This demand is not limited to the IT sector alone but extends to other industries that require IT expertise to implement and manage technological solutions effectively. IT training becomes essential in meeting this demand and producing a workforce equipped with the required skills.
IT Training Market Restraints
Cost and Resource Constraints
- Providing IT training can be expensive, especially for smaller businesses or educational institutions with limited budgets. High costs associated with specialized training programs, acquiring modern infrastructure, and hiring experienced trainers can be a significant restraint. Additionally, dedicating time and resources for training might impact regular business operations, making it challenging for some organizations to invest adequately in IT training.
Rapidly Changing Skill Requirements
- The fast pace of technological advancements means that the skills required today might become outdated in the near future. This presents a challenge for IT training providers as they must continuously update their courses to remain relevant. Similarly, learners may find it difficult to keep up with the changing skill demands, leading to potential skill gaps even after completing training programs.
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IT Training Market Competitive Landscape
The global IT Training market is highly competitive, with numerous training providers vying for market share. Established companies with a strong presence and a wide range of course offerings compete against agile startups focusing on niche areas. Key factors include course quality, flexibility, delivery methods, pricing, and industry partnerships. Continuous innovation and adaptation to the latest technology trends are crucial for success in this competitive landscape.
IT Training Market Top Player’s Company Profiles
- Dell (US)
- ExecuTrain (US)
- ExitCertified (Canada)
- Fast Lane (US)
- Firebrand (UK)
- Global Knowledge (US)
- GP Strategies (US)
- HP (Hewlett-Packard) (US)
- IBM (US)
- ILX Group (UK)
- LearnQuest (US)
- New Horizons (US)
- Oracle (US)
- QA (UK)
- SAP (Germany)
IT Training Market Recent Developments
- In January 2021, SAP SE and Signavio GmbH disclosed that SAP would be acquiring Signavio, a renowned leader in enterprise business process analytics and management. This strategic partnership will help market vendors expand their customer base and is expected to contribute to the growth of the global information technology training market during the forecast period.
- In April 2021, IBM made an important announcement regarding its acquisition of Turbonomic, a company specializing in Application Resource Management (ARM) and Network Performance Management (NPM) software. Based in Boston, MA, Turbonomic's acquisition enables IBM to dynamically and efficiently assess and manage the performance of applications across various locations.
IT Training Key Market Trends
- Increased popularity of blended learning: The increasing popularity of blended learning is a significant trend for market share growth. Blended learning combines multiple training delivery methods, such as face-to-face and computer/mobile-mediated learning. This approach provides organizations with a cost-effective and engaging way to train employees. Moreover, blended learning enables customized training modules with on-demand learning and other beneficial features.
Furthermore, the incorporation of microlearning into blended learning is contributing to its market popularity. As the demand for blended learning rises, market vendors are actively developing new IT training modules based on this approach.
IT Training Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global IT Training Market analysis, the market is a dynamic and competitive industry that caters to the increasing demand for skills and knowledge related to computer-based systems. With organizations worldwide adopting the latest technologies, IT training has become essential for efficient operations and productivity. Blended learning, a mix of traditional and online training methods, is gaining popularity due to its cost-effectiveness and customized approach. The incorporation of microlearning further enhances the appeal of blended learning. Key players in the market continuously innovate to provide comprehensive and up-to-date training modules. As technology evolves, the IT training market is expected to grow, driven by the need for skilled IT professionals across various sectors. Whereas, expanding IT industry and continuous technological advancements create significant opportunities for growth in the IT training market. Businesses seek skilled professionals to stay competitive, leading to a rising demand for IT training services.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 72.84 billion |
| Market size value in 2031 | USD 95.88 billion |
| Growth Rate | 3.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on IT Training Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on IT Training Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the IT Training Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the IT Training Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the IT Training Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the IT Training Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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