The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Global IT Training Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global IT Training Industry (2023-2028):
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According to the latest report, The Global IT Training Market is anticipated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Global IT Training industry.
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Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2018-21
- Base year: 2022
- Forecast Years: 2023-28
- Risk & Swot Analysis
- Growth parameters influence Global IT Training market dynamics
- Recent developments by key market players
Global IT Training Market Segmentation Based on
The Global IT Training Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes in Numbers Key divisions and sub-divisions including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Application
-IT Infrastructure Training – Market Size & Forecast 2018-2028, (USD Million)
-Enterprise Application and Software Training – Market Size & Forecast 2018-2028, (USD Million)
-Cyber Security Training- Market Size & Forecast 2018-2028, (USD Million)
-Database and Big Data Training- Market Size & Forecast 2018-2028, (USD Million)
-Others- Market Size & Forecast 2018-2028, (USD Million)
By End-User
-Corporates – Market Size & Forecast 2018-2028, (USD Million)
-Schools and Colleges – Market Size & Forecast 2018-2028, (USD Million)
-Others – Market Size & Forecast 2018-2028, (USD Million)
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/it-training-market.html
Global IT Training Market Growth Restraint
Cost & Budget Constraints, especially for Small Enterprises – Since quality training programs, especially those focused on advanced technologies or specialized skills, are expensive, businesses with limited training budgets and individuals with financial constraints find it challenging to invest in these comprehensive IT training programs. Moreover, the rising availability of alternative ways to acquire IT skills, such as online learning platforms, open-source educational resources, & free tutorials, is allowing individuals to opt for self-paced learning instead, i.e., another crucial aspect negatively impacting the growth of the Global IT Training Market.
Global IT Training Market (2023-28): Segmentation Analysis
The Global IT Training Market study from MarkNtel Advisors analyzes the major trends in each sub-segment and includes predictions for the period 2023–28 at the global, regional, and national levels. The market has been segmented in our analysis based on grade & application.
Based on Application:
- IT Infrastructure Training
- Enterprise Application & Software Training
- Cybersecurity Training
- Database & Big Data Training
Among all, cybersecurity training has been gaining significant prominence in the Global IT Training Market. It owes to the ever-increasing cyber threats, stringent compliance & regulatory requirements related to data security & privacy across various industries, and a significant shortage of skilled cybersecurity professionals globally. With the rising frequency & complexity of cyber threats, such as data breaches, ransomware, & phishing attacks, various organizations worldwide are realizing the importance & benefits of investing in cybersecurity training to protect their digital assets & sensitive data.
In addition, enterprises are seeking trained cybersecurity professionals who understand these requirements and can implement appropriate security measures, thereby driving the demand for cybersecurity training programs that can equip individuals with the necessary skills & knowledge to pursue careers in this field. Moreover, the constantly evolving threat landscape, with new attack vectors & vulnerabilities emerging regularly, is also necessitating continuous learning & upskilling in cybersecurity, which cover the latest threats, attack techniques, & defensive strategies to help individuals stay updated & prepared to tackle new challenges. Hence, these aspects are contributing to the ever-increasing prominence of cybersecurity in the Global IT Training Market.
Based on End-User:
- Corporates
- Schools & Colleges
Here, corporates have a significant contribution to the market growth as they invest substantially in IT training to enhance the skills & knowledge of their employees. The growing need of corporate enterprises to keep their workforce up-to-date with the latest technologies and industry trends is driving the IT Training Market. With the emergence of new technologies and the evolution of existing ones, organizations are preparing their workforce to possess the relevant knowledge & skills to utilize these technologies effectively, i.e., pushing the demand for IT training programs.
Large corporations have dedicated training departments or learning & development teams that design & deliver customized IT training programs for their employees. They often partner with external training providers or technology vendors to offer an extensive range of training courses & certifications. Corporate IT training programs typically focus on specific skills required for the enterprise’s operations, like software development, cybersecurity, project management, or data analytics.
Moreover, several organizations comprehend industry-recognized certifications as a measure of competency & expertise in specific IT domains and, thus, encourage their employees to pursue these certifications by providing them with the necessary support & resources like training materials, practice exams, & exam fees. Hence, these aspects are amplifying the demand for certification-focused training programs and, in turn, spurring growth in the Global IT Training Market.
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key Competitor of Global IT Training Market
Avant Academy, Amazon Inc., Apple Inc., Dell Technologies, ExitCertified Corp., Executrain, IBM Corporation, Oracle Corporation, Fast Lane, Knowledge, Firebrand Training, GP Strategies, HP Inc., Learn Quest, New Horizons and Other.
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