According to a new report, published by KBV research, The Global Corporate Training Market size is expected to reach $582.6 billion by 2031, rising at a market growth of 6.8% CAGR during the forecast period.
Corporate training refers to educating employees to enhance their knowledge, skills, competencies, and abilities related to their roles and responsibilities. It encompasses a variety of learning initiatives designed to improve employee performance, productivity, and professional development. Corporate training serves a variety of applications across industries and organizational functions, playing a crucial role in enhancing workforce capabilities, achieving strategic objectives, and fostering a culture of continuous learning.
The Technical Training segment led the Global Corporate Training Market by Training Program in 2023; thereby, achieving a market value of $163 billion by 2031. Rapid technological advancements require employees to update their technical skills to remain competitive and efficient continuously. Whether software updates, new programming languages, or emerging technologies like artificial intelligence and blockchain, technical training ensures employees can effectively leverage the latest tools and methods.
The Financial Services segment is growing at a CAGR of 4.9 % during the forecast period. Financial services are heavily regulated, with stringent requirements for compliance, risk management, and ethical conduct. Corporate training programs focus on educating employees about regulatory frameworks (e.g., Dodd-Frank Act, Basel III), anti-money laundering (AML) laws, Know Your Customer (KYC) guidelines, data privacy laws (e.g., GDPR), and financial reporting standards (e.g., IFRS, GAAP).
Full Report: https://www.kbvresearch.com/corporate-training-market/
The North America region dominated the Global Corporate Training Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $204 billion by 2031. The Europe region is anticipated to grow at a CAGR of 6.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 7.4% during (2024 - 2031).
By Training Program
By Industries
By Geography
Unique Offerings 
