COVID-19 Impacts: Compliance Training Market for Financial Institutions in the US will Accelerate at a CAGR of almost 15% through 2020-2024|Rising Need for Skilled Employees to Boost Growth| Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the compliance training market for financial institutions in the US and it is poised to grow by USD 1.00 billion during 2020-2024, progressing at a CAGR of 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the compliance training market for financial institutions in the US in 2019?

• Technavio says that the value of the market was USD 1.02 billion in 2019 and is projected to reach USD 2.02 billion by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of almost 15%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?

• The rising need for skilled employees and the need to comply with regulations are the key factors driving the market growth.

• Who are the top players in the market?

• Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. are some of the major market participants.

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 13.25%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rising need for skilled employees has been instrumental in driving the growth of the market.

Compliance Training Market for Financial Institutions in the US 2020-2024: Segmentation

Compliance Training Market for Financial Institutions in the US is segmented as below:

• Delivery Model
  • Offline Learning
  • Online Learning
• Course Type
  • Professional Courses
  • Introductory Courses

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43649

Compliance Training Market for Financial Institutions in the US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our compliance training market for financial institutions in the US report covers the following areas:

• Compliance Training Market Size for Financial Institutions
• Compliance Training Market Trends for Financial Institutions
• Compliance Training Market Analysis for Financial Institutions

This study identifies the need to comply with regulations as one of the prime reasons driving the growth of the compliance training market for financial institutions in the US during the next few years.

Compliance Training Market for Financial Institutions in the US 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the compliance training market for financial institutions in the US, including some of the vendors such as Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. Backed with competitive intelligence and benchmarking, our research reports on the compliance training market for financial institutions in the US are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Compliance Training Market for Financial Institutions in the US 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist the growth of the compliance training market for financial institutions in the US during the next five years
• Estimation of the size of the compliance training market for financial institutions in the US and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the compliance training market for financial institutions in the US
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vendors in compliance training market for financial institutions in the US

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Delivery Model

• Market segments
• Comparison by Delivery Model
• Offline learning - Market size and forecast 2019-2024
• Online learning - Market size and forecast 2019-2024
• Market opportunity by Delivery Model

Market Segmentation by Course Type

• Market segments
• Comparison by Course Type
• Professional courses - Market size and forecast 2019-2024
• Introductory courses - Market size and forecast 2019-2024
• Market opportunity by Course Type

Customer landscape

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Association of Certified Anti-Money Laundering Specialists LLC
• Bank Administration Institute
• Edcomm Inc.
• Euromoney Institutional Investor Plc
• Financial Industry Regulatory Authority Inc.
• Lorman Education Services
• NAVEX Global Inc.
• ProBank Austin
• Regulatory Affairs Professionals Society
• Thomson Reuters Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.