The train-the-trainer market size has the potential to grow by USD 1.15 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by delivery method (blended learning and online learning), training program (workshops and certifications), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bodhih Training Solutions Pvt. Ltd., Dale Carnegie Training, GP Strategies Corp., John Wiley & Sons Inc., Langevin Learning Services, The Training Clinic, Udemy Inc., Udacity Inc., Velsoft, and WonderBotz.
What will the Train-the-Trainer Market Size be in 2020?
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Who are the Major Train-the-Trainer Vendors?
The train-the-trainer market is fragmented. The surge in customer base is leading to an increase in competition levels among established and new vendors, which increases the threat of rivalry. However, moderate fixed cost and high parity among competitors render it moderate. Bodhih Training Solutions Pvt. Ltd., Dale Carnegie Training, and GP Strategies Corp. are some of the major market participants. Although the rising need for effective ways of training employees will offer immense growth opportunities, the regular outsourced training methods will challenge the growth of the 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.
To help clients improve their market position, this train-the-trainer market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this train-the-trainer market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Bodhih Training Solutions Pvt. Ltd.
- Dale Carnegie Training
- Langevin Learning Services
- GP Strategies Corp.
- John Wiley & Sons Inc.
- The Training Clinic
- Udemy Inc.
- Udacity Inc.
- Velsoft
- WonderBotz
Which are the Key Markets for Train-the-Trainer?
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North America was the largest train-the-trainer market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing investment by companies in training programs and employee development to build and retain a skilled workforce and stay ahead of the competition will be a major factor driving the train-the-trainer market growth in this region over the forecast period.
43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for train-the-trainer in North America. However, market growth in this region will be slower than the growth of the market in other regions.
What are the Major Delivery Method Segments in the Train-the-Trainer Market?
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Blended learning consists of both elements of the offline and online learning environment. Organizations can decide the type of blended learning that should be implemented in their system. Companies that do not have adequate capital to create an entire online training ecosystem are mostly dependent on the blended training system. Training sessions include content either in a detailed manner or through bite-sized modules, popularly known as microlearning. Since such training modules can be completed in a self-paced manner, organizations are showing interest in adopting blended learning frameworks. Conclusively, the global train-the-trainer market by blended learning is growing and will maintain its dominance during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the train-the-trainer market size.
How will Effective Ways of Training Employees Influence Train-the-Trainer Market Growth?
The train-the-trainer market will register a CAGR of over 12% during the forecast period. The rising need for effective ways of training employees is one of the major factors driving market growth. Organizations have been looking for diverse ways to enhance their competitive edge in their respective markets with the ever-rising competition levels. This has various advantages such as cost benefits that result in the demand for such services. Additionally, they are also improving instructor capabilities to conduct future training initiatives with minimal glitches. Such factors will lead to the high adoption of train-the-trainer products and services.
The increasing adoption of digital badges is one of the major train the trainer market trends that will gain traction in the train-the-trainer market. Digital badges represent accomplishments and the skills acquired in a learning environment and is gaining acceptance among corporates across the globe. It has become the new method to appreciate skilled employees and reward them appropriately, which, in turn, will accelerate employee motivation and engagement. Furthermore, digital badges also help organizations track the progress of training initiatives, facilitate professional development, and simultaneously allow employees to manage their learning portfolio. The progression toward the incorporation of digital badges in train-the-trainer programs will foster the growth of the train the trainer market size.
What are the Key Factors Covered in this Train-the-Trainer Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive train-the-trainer market growth during the next five years
- Precise estimation of the train-the-trainer market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the train-the-trainer industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of train-the-trainer market vendors
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