LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent corporate training market in Europe report until 2020. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Unlike the US, corporate training requirements in Europe differ significantly owing to its diversified economy, workforce, and cultural dynamics. The EU comprises 23 official languages along with 60 minority and regional languages. The presence of such linguistic diversity proves to be a challenge for corporate communication, collaboration, and business processes across companies, thus, compelling them to procure corporate training solutions. This presents a challenge as well as an opportunity for corporate training providers as the one-size-fits-all approach will not serve the purpose effectively.
Jhansi Mary, a lead analyst at Technavio for research on education technology, says, “Along with corporate training solutions, organizations are also actively seeking non-technical training courses for their employees. These training solutions help employees gain proficiency in local languages that are crucial for operations such as sales and marketing and also acquaint them with various regional business cultures.”
Competitive vendor landscape
In the corporate training market in Europe, many solution providers have either been acquired by large players or formed partnerships. The market has become more fragmented and specialized, with solutions being designed for specific requirements such as problem solving, behavior developing skills, and various other non-conventional IT skills. The market is also witnessing the emergence of niche corporate training companies that cater only to specific industries.
For instance, within the technical training segment, many training companies cater only to data sciences. In addition, within data sciences, there are companies that provide training only to specific industries such as retail and BFSI. Such developments are significantly changing the market dynamics; though this scenario is favorable to learners, it will increase the pressure on training companies to innovate their offerings and learning models to sustain in the market.
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Top five corporate training market vendors in Europe
City & Guilds Kineo
City & Guilds Kineo offers a broad range of wrap-around learning services in the corporate training market to complement its learning products. The company offers its services in the form of induction and onboarding, compliance and policy, sales and product knowledge, management and leadership, process and technical, customer experience, apprenticeships, accreditations, qualifications, e-learning, LMS/platforms, and consultancy services.
GP Strategies offers a range of customized training solutions focused on performance improvement initiatives for clients in the financial services, retail, healthcare, automotive, steel, oil and gas, power, chemical, manufacturing, software, electronics and technology, and food and beverage industries. The company helps in developing and delivering learning services, solutions, and technologies to make people and processes more effective and efficient. The company has focused on building the customized training business with the acquisition strategy, and has completed over 25 acquisitions in order to strengthen its capabilities in specific training and technical service areas.
MHI Global offers range of Be Ready tailored solutions for companies to accelerate their sales and service networks, and performance initiatives. The company enables companies to sell more, assess talent, serve better, personalize learning, execute strategies, and leverage data. To accomplish these objectives, the company offers end-to-end methods for delivering solutions.
NetDimensions offers a range of solution and services in the corporate training market for employees, customers, partners, and suppliers. The company mainly focuses on performance, knowledge, and learning management technologies. It is a leading provider of talent management solutions for highly regulated industries worldwide, and provides innovative industry solutions for mobile workforce learning, social collaborations, and knowledge sharing.
Skillsoft has taken several strategic initiatives to increase its customer base in the corporate training market in Europe. The company offers both courses and content in wide areas of application that include business skills, engineering, leadership development, customer service, IT skills and certifications, finance, project management, sales, environmental health and safety, legal compliance, HR and operations, and desktop skills.
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