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North America IT Training Market to Reach US$ 31.7 Billion by 2027, Propelled by the Increasing Penetration of Smartphones and Smart Wearables Technology

Published on Nov 07, 2022

The latest report by IMARC, titled “North America IT Training Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the North America training market size reached US$ 26.0 Billion in 2021. IT training imparts knowledge and skills related to the application, development, implementation, design, and management of computer-based systems. It has become essential for companies due to the increasing adoption of the latest technologies, thus enabling them to carry out their operations efficiently. In recent years, IT training has gained momentum as it prepares an organization to manage its resources and data effectively and boosts the efficiency and productivity of its employees.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect effect of the associated industries. These observations will further be integrated into the report.

North America IT Training Market Trends:

One of the primary factors driving the market is the increasing penetration of smartphones and smart wearables technology, which has led to the adoption of mobile-based IT training, enabling learners to access information from anywhere and anytime on their smartphones. Additionally, the continuous technological development and the rising business needs require training programs for employees to help them with the latest innovations. Besides this, the adoption of e-learning methods by organizations to train their employees to save on costs and expenses is positively influencing the market growth. In line with this, governments and public bodies across the region are formulating favorable policies and are extensively investing to facilitate the growth of educational technology and e-learning methods. On account of these factors, IMARC Group expects the market value to reach US$ 31.7 Billion by 2027, expanding at a CAGR of 3.57 % during the forecast period (2022-2027).

Market Summary:

  • Based on the delivery mode, the market has been bifurcated into online and offline training.
  • On the basis of the application, the market has been divided into IT infrastructure training, enterprise application and software training, cyber security training, database and big data training, and others.
  • Based on the end user, the market has been segregated into corporate, schools and colleges, and others.
  • Region-wise, the market has been classified into the United States, Canada, and Mexico.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating the industry.
     

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