As per the latest report by IMARC Group, titled “IT Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global IT training market size reached US$ 68.8 Billion in 2019. Information technology (IT) training refers to the skills that are necessary for the development, application, implementation, design and management of computer-based systems. It can be imparted through various means, such as workshops, e-learning, smart classrooms, distance learning, and certification courses. It plays a vital role in the IT industry for increasing the adoption of the latest technologies and carrying out operations efficiently in an organization. It also helps in increasing the productivity, assisting businesses to run faster, managing data and resources effectively, and enabling the staff to undertake new and different tasks easily.
Global IT Training Market Trends:
Earlier, corporate training accounted for a significant share in the overall expenses of an organization. To reduce the associated costs, various firms have started offering IT training via e-learning methods. This trend can be accredited to the rising adoption of smartphones and broadband services, which aid learners in accessing the information anytime and anywhere. Moreover, the continually evolving technology and the growing business needs have led to the requirement for regular training programs for employees to aid them in understanding the latest developments in the industry. Furthermore, governments of numerous countries are introducing favorable policies and investing in the expansion of educational technology and e-learning methods, which in turn is escalating the demand for IT training across the globe. On account of these factors, the market value is projected to reach US$ 95.1 Billion by 2025, expanding at a CAGR of 5.4% during the forecast period (2020-2025).
- Based on the application, the market has been segmented into IT infrastructure, enterprise application and software, database and big data, and other training. At present, IT infrastructure exhibits a clear dominance.
- On the basis of the end user, the market has been segregated into corporate, schools and colleges, and others. The corporate sector currently accounts for the majority of the total market share.
- Region-wise, North America enjoys the leading position in the market owing to technological advancements in the region. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has been examined, with some of the key players being International Business Machines (IBM) Corporation, LearnQuest, Inc., Oracle Corporation, QA Ltd., SAP ERP, Computer Generated Solutions (CGS) Inc., Firebrand Technologies, Global Knowledge Training LLC, New Horizons Worldwide, Inc., Avnet. Inc., Corpex Technologies, Dell Inc., ET3, LLC, ExitCertified Corp., Fast Lane Group, GP Strategies Corporation, Hewlett Packard (HP) Company and ILX Group.
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