The global IT training market was worth US$ 64.6 Billion in 2018. Information technology (IT) training comprises imparting knowledge and skills related to the development, application, implementation, design and management of computer-based systems. With the increasing adoption of the latest technologies by organizations worldwide, IT training has become essential for companies to carry out their operations in an efficient manner. Proper IT training prepares a company to manage its data and resources effectively and boosts the efficiency and productivity of its employees.
With the growing adoption of smartphones and smart wearables technology, many firms and users are increasingly opting for mobile-based IT training. This helps the learners to access the information anytime and anywhere on their mobile devices. Moreover, the constantly evolving technology and growing business needs require regular training programs for employees to help them understand the latest developments in the market. This has also created a positive impact on the market. Earlier, corporate training used to add significant expenses for organizations. However, companies can now save on costs and expenses by providing IT training through e-learning methods to their staff. Additionaly, governments and public bodies are also formulating policies and making investments to facilitate the expansion of educational technology and e-learning methods. This has resulted in an increasing demand for IT expertise to impart knowledge and skills in students as well as teachers. According to IMARC Group, the market is expected to reach US$ 91.7 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.
The report has also analysed the competitive landscape of the market with some of the key players being IBM, LearnQuest, Oracle, QA, SAP, CGS, Firebrand, Global Knowledge, New Horizon, Avent Academy, Corpex, Dell, ExecuTrain, ExitCertified, Fast Lane, GP Strategies, HP, ILX Group, etc.
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