LONDON--(BUSINESS WIRE)--Technavio Research has published a new report on the Global Corporate Training Market, which is expected to grow at a CAGR of 8.77 percent from 2014-2019.
With globalization, it has become crucial for companies to gain competitive advantages through employee skill enhancement. Many organizations are taking steps to identify the core skill requirements for employees and are providing adequate resources to train them, which has significantly increased corporate spending on training in recent years.
“Organizations have started maintaining a structured training calendar for new and existing employees, with a significant proportion of training budgets allocated to the latter,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report draws attention towards advances in corporate learning technology that are emerging as a key driver for market growth. Training solution providers are working to develop advanced tools and methodologies to develop training content that meets the specific needs of a variety of corporate entities.
“Many learning management system vendors are rigorously engaged in incorporating new and unique features to facilitate the corporate training process further,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Military Simulation and Virtual Training Market 2014-2018
- Global Civil Aviation Flight Training and Simulation Market 2014-2018
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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