DALLAS, March 27, 2015 /PRNewswire-iReach/ -- A new report on the Global Corporate Training Market 2015-2019 expects to the market to grow at a CAGR of 8.77% from 2014-2019.
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The new "Global Corporate Training Market 2015-2019" report draws attention towards advances in corporate learning technology that are emerging as a key driver for market growth. Training solution providers are working to develop advanced tools and methodologies to develop training content that meets the specific needs of a variety of corporate entities.
With globalization, it has become crucial for companies to gain competitive advantages through employee skill enhancement. Many organizations are taking steps to identify the core skill requirements for employees and are providing adequate resources to train them, which has significantly increased corporate spending on training in recent years.
Organizations have started maintaining a structured training calendar for new and existing employees, with a significant proportion of training budgets allocated to the latter.
Many learning management system vendors are rigorously engaged in incorporating new and unique features to facilitate the corporate training process further.
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Corporate training is an integral part of a successful organization's discretionary budget. The primary objective of corporate training is to reduce the capability gaps, both technical and non-technical, followed by grooming eligible employees to move up a company's hierarchy. Increase in amount of trade and business has intensified competition and pushed organizations for business diversification regionally and internationally. This kind of expansion necessitated the need for proper training and development of workforce. Hence, it presents opportunity for the training solution providers to offer products and services related to training. The scope for training is widening with the adoption of such products by SMBs along with large organizations. Traditionally, training programs were designed only for the IT sector, but now the scenario is changing and other sectors have started adopting training programs for employees. Also, training programs are finding applications in managerial and leadership development, which is expected to further expand the market.
This report covers the present scenario and the growth prospects of the Global Corporate Training market during the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of training products and related services for a fee or subscription. Also, the report considers training programs offered via online and offline mediums to calculate the market size. However, the market size does not take into account the internal costs incurred by companies operating in this market for training their employees. As such, only the expenditure made by companies on availing outside services is considered for calculating the market size.
The report, Global Corporate Training Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the Global Corporate Training market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors - GP Strategies, HP, Miller Heiman, Net Dimensions and Skillsoft.
Other Prominent Vendors: Allen Interactions, Aptara, Articulate, Computer Generated Solutions, Desire2Learn, Global Training Solutions, Interaction Associates, New Horizons Worldwide, NIIT, Pearson, QA, Tata Interactive Systems, Technology Transfer Services, Wilson Learning Worldwide.
Other Related Report:
Global Military Simulation and Virtual Training Market 2014-2018: Collimated displays to achieve cross-cockpit viewing, allowing the pilot and co-pilot to achieve maximum view is one of the trends emerging in the market. These displays provide continuous, high-brightness, and high-resolution imagery to the flight crew above the required field of view, making them perfect for training in simulators.
According to the report, military simulation and virtual training play a crucial role in the overall training of air force trainees, which in turn drives the growth of the Global Aviation Simulator market. There has been a rise in demand for training facilities globally so that combat trainees can get the required skill set before going for a live training program.
The report recognizes the following companies as the key players in the Global Military Simulation and Virtual Training Market: BAE Systems plc, L-3 Link Simulation and Training UK Ltd., Northrop Grumman Corp, Saab AB and Thales SA.
Other Prominent Vendors in the market are: Boeing Company, Bohemia Interactive Simulations, CAE, Combat Training Solutions, General Dynamics Information Technology, Israel Aerospace Industries, Kratos Defense, Meggitt Training Systems, Rheinmetall Defence, Selex Es and Textron Systems.
Global Civil Aviation Flight Training and Simulation Market 2014-2018: Analysts forecast the Global Civil Aviation Flight Training and Simulation market to grow at a CAGR of 3.61% over the period 2013-2018.
The report recognizes the following companies as the key players in the Global Civil Aviation Flight Training and Simulation Market: CAE, FlightSafety International (FSI), L-3 Link and Rockwell Collins.
Other Prominent Vendors in the market are: AXIS Flight Training Systems, Frasca International, Havelsan, Indra Sistemas and Sim-Industries.
The trend of fleet modernization plans by airlines globally and the continual shift from traditional to simulation-based training is expected to propel the growth of the Global Civil Aviation Flight Training and Simulation market.
According to the report, one of the major drivers in this market is the growth in demand for aircraft fleet globally, which stimulates the growth in demand for Type Rated pilots and hence the requirement for flight training and simulation systems.
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