LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global corporate leadership training market is expected to grow at a CAGR of more than 14% during the predicted period.
This research report titled ‘Global Corporate Leadership Training Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global corporate leadership training market will experience a significant growth owing to the irregularity in the presence of managerial leadership skills quality in many organizations irrespective of the type of business operations and industries. Leadership training is highly popular among employees and employers of organizations. For employers, these training programs help in managing talent acquisition, retention, and succession planning of key strategic personnel in organizations.
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Technavio’s analysts categorize the global corporate leadership training market into three major segments by training method. They are:
- Online training
- Blended training
- Instructor-led/classroom training
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Global corporate leadership training market by online training
Various leadership training programs offered by vendors using online learning facilitate effective succession planning, developing, and improving leadership skills; and setting and managing organizational priorities. Courses and content delivered using online methodologies are beneficial as learners undergo real-time assessment during training.
According to Jhansi Mary, a lead K12 and higher education research analyst from Technavio, “Online training has gained traction because of the inclusion of elements such as online badges, which are provided to the employees to indicate that they have successfully completed the course. Dale Carnegie Training has been offering online badge courses for leadership training programs.”
Global corporate leadership training market by instructor-led training
The increasing demand for instructor-led training in the global corporate leadership training market will continue during the forecast period. Instructor-led training is beneficial when the training material is new or complex and requires face-to-face interaction. Instructor-led training is delivered in classrooms. Lessons in areas such as building business acumen and leadership foundation are provided through this training method.
“Simulations facilitate instructor-based training. The computer model of a real-world scenario helps employees address conflicts that are likely to issue during their work tenure. Placing learners in experiential situations helps them in building efficient leadership skills. Despite these advantages, the factor impeding the growth of the instructor-led training is its cost,” says Jhansi.
Global corporate leadership training market by blended training
The demand for blended training methodology in the global corporate leadership training market will rise during the forecast period. The combined approach of blended learning that includes formal learning and informal learning related to work is efficient. John Deere deployed blended training to improve leadership skills pertaining to sales functionality. DCT, the vendor, provided John Deere with trainers who have knowledge on regional conditions and can identify sales challenges.
The vendor also developed a customized training solution for one of John Deere's business units by providing various case studies illustrating industry-specific issues, which it could face in the market or field. This training methodology has proven effective for John Deere. This is in consequence to the company being able to keep up with market shifts and capitalize on opportunities.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Dale Carnegie Training
- Franklin Covey
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