London, 3 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global IT training market 2015-2019, which is expected to grow at a CAGR of 6.2% during the forecast period of 2014-2019.
Growing demand for software developers, system analysts, and support technicians is expected to spur growth in the IT training market. New advancements made in the field of IT infrastructure and IT services necessitate the need for constant training programs for employees so that they can meet the demands of their customers. Innovations pertaining to technology act as the major driver for organizations to impart IT training to its employees.
“Advancement in instructional technologies is one of the growth drivers for CBE programs that personalize the learning experience of students. The majority of students are adults with some combination of work experience, college coursework, and on-the-job training but no degree,” says Faisal Ghaus, Vice President of Technavio.
“To meet the needs of these students, informal professional training service providers are offering innovative learning management system and content delivery platforms to deliver a vast amount of training and various modularized and adaptable learning content objects.”
Key Market Drivers:
- Growth of IT Education Worldwide
- Integration of Content and Learning Platforms
- Continuous Emergence of New Technologies
- Increasing Government Initiatives
Key Market Trends:
- Transition to Competency-based Curriculum
- Dynamic Interactive Learning Systems and Growing Digital Content
- Strategic Approach to Flexible and Online Learning
- Integration with Talent Management
Key Market Vendors:
- CGS System Inc.
- Firebrand Training Ltd.
- Global Knowledge Training LLC
- IBM Corp.
- New Horizons Worldwide Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
