LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global IT training market to grow at a CAGR of close to 6% during the period 2018-2022, according to their latest report.
The increased adoption of advanced gadgets is a key emerging trend that is impacting the market. With the growing acceptance of innovations and technological advances, the adoption of advanced technologies, such as smartphones, IoT, smart watches, intelligent glasses, digital twins, virtual assistants, augmented reality (AR), and virtual reality (VR), will increase the efficient and effective deliverance of IT training solutions.
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In this report, Technavio analysts highlight the cost-effectiveness of e-learning as a key factor contributing to the growth of the global IT training market:
Cost-effectiveness of e-learning
One of the major drivers for the global IT training market is the inherent flexibility and cost-effectiveness of e-learning when compared with physical learning methods. Traditionally, any form of corporate training has been known to incur significant expenses for organizations. Organizations can save on costs and expenses by switching from the traditional brick-and-mortar IT training setup to e-learning. E-learning is also preferred by startups and SMEs because of its cost-effectiveness.
According to a senior analyst at Technavio for IT professional services research, “In recent years, there has been a gradual shift in focus toward e-learning and online platforms, such as virtual instructor-based, online, shared, and social learning techniques. This shift is primarily because of the changing demographics; evolving demands of end-users; and benefits of e-learning, including effectiveness and engagement.”
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Global IT training market segmentation
This market research report segments the global IT training market by product (infrastructure, development, database, security, and others) and key regions (the Americas, APAC, and EMEA).
The Americas accounted for close to 43% of the global IT training market in 2017, followed by EMEA and APAC. The primary factors for the dominance of the Americas are the technological maturity of IT and business systems as well as the massive size and growth of the industrial and private sectors. The adoption of technologies is increasing among enterprises due to which Effective IT training is required to support the technologically advanced and hyperconnected enterprise environment efficiently. The presence of skilled IT training providers is a crucial driver for the size and growth of the IT training market in the Americas.
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