Corporate Training Market in Europe | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio
LONDON–(BUSINESS WIRE)–The corporate training market in Europe is expected to register an incremental growth of USD 12.15 billion, witnessing a CAGR of over 8% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the corporate training market in Europe in optimistic, probable, and pessimistic forecast scenarios.
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Amid the COVID-19 Crisis, the Revaluated and Updated Corporate Training Market in Europe Report Says:
- The corporate training market in Europe will witness a Positive and Superior impact during the forecast period owing to the extensive rise of the COVID-19 pandemic.
- Due to the extensive spread of the virus across the globe, the Consumer Discretionary industry is anticipated to have a Negative and Indirect impact
- Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show Inferior growth due to the increase in infections and reduced economic activity.
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Corporate Training Market in Europe Segmentation and Competitive Analysis
Corporate training market in Europe is segmented by product (technical course and non-technical course) and geography (Western Europe, Nordic countries, Southern countries, and Central and Eastern countries). Digitization of learning materials has been an instrumental factor in influencing the growth of corporate training market in Europe. Other market drivers include growth of SMBs and the emergence of cost-effective e-learning training modules.
The market is fragmented. The report analyzes the market’s competitive landscape and offers information on several market vendors, including Adobe Inc., Articulate Global Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., GP Strategies Corp., John Wiley & Sons Inc., Learning Technologies Group Plc, Miller Heiman Group Inc., and Skillsoft Ltd. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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- Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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- The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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