Training is teaching or developing one’s skillsets and knowledge that relate to specific useful competencies. Training has a specific goal of improving person’s capabilities, productivity, and performance. By properly training their employees, organizations can benefit in terms of high productivity and low maintenance costs. Additionally, various types of training are available such as classroom, online, and offline.

Market Dynamics:

Market Drivers: Increasing Preference for Learning Management Systems (LMS)

Learning management system (LMS) is also known as virtual learning system or learning content management system. LMS is a web application that is used to assess learning processes. Learning management system helps trainers in creating and delivering content, track learner participation, and assess performance. LMS offers various interactive features such as video conferencing, threaded discussions, and discussion forums. Many enterprises are shifting from conventional classroom training to e-Learning as it can be convenient and cost-effective.

LMS can be deployed on any platform such as cloud-based, desktop application, self-hosted, and mobile application. Cloud-based LMS is most widely used by enterprises as it can be accessed by learners at anytime, anywhere just by logging into a web portal and accessing all the features of cloud-based learning management system.

Key features of the study:

• This report provides in-depth analysis of the global Training market market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global training market market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global training market market  report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global training market market

Detailed Segmentation:

• Global Training Market, By Training Type:
  • Online
  • Offline
  • Classroom
• Global Training Market, By Industry:
  • Government
  • Pulp & Paper
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Mining
  • Power & Utilities
  • Aerospace
  • Others
• Global Training Market, By Method:
  • Computer-based Training
  • Distance Learning
  • Learning Management System
  • App-based Learning
  • CD-distribution based Learning
  • Mentoring/Coaching Based Learning
  • Table-top Exercise Based Learning
  • Train the Trainer
  • Learning Methods that are Annuitized
  • Video/Audio Tape
  • Others
• Global Training Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Skillsoft Limited
  • Safety Media
  • GP Strategies Corp.
  • UL EHS Sustainability
  • PRYOR Learning Solutions
  • Raytheon Company
  • DuPont Sustainable Solutions
  • com, Inc.
  • SAP Litmos
  • Vector Solutions
  • Global Training Solutions, Inc.
  • Cornerstone onDemand
  • Petroskills
  • Euro Petroleum Consultants Ltd [EPC]