London, 20 March 2015 – Technavio Research has published a new report on the Global Corporate Training Market, which is expected to grow at a CAGR of 8.77 percent from 2014-2019.
View our Global Corporate Training Market 2015-2019 report
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,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio 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.
“Many learning management system vendors are rigorously engaged in incorporating new and unique features to facilitate the corporate training process further,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Military Simulation and Virtual Training Market 2014-2018
- Global Civil Aviation Flight Training and Simulation Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20Technavio%3C/strong%…
