IT Training Market Report Overview
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IT Training Market size is expected to grow from 7376.2 Million in 2020 to USD 11500 Million by 2027 at a Compound Annual Growth (CAGR) of 6.6% from 2020 to 2027.
IT training refers to the process of acquiring knowledge, skills, and expertise in various areas of information technology (IT). Training can cover a wide range of topics, including computer hardware, software development, networking, cybersecurity, database management, system administration, cloud computing, artificial intelligence, and other IT domains.
IT training is crucial because technology is constantly evolving, and professionals need to keep up with the latest trends and developments to stay competitive in the industry. Training programs can be delivered through various methods, including in-person classes, online courses, virtual classrooms, and self-paced learning modules.
"Pandemic Increased the Demand for Market"
With restrictions on physical gatherings and social distancing measures, there has been a rapid shift towards online training. In-person training sessions and workshops were heavily impacted, and many training providers had to adapt quickly to offer virtual training options. Virtual classrooms, webinars, and e-learning platforms became the primary mode of delivering IT training during the pandemic. The sudden shift to remote work highlighted the need for employees to acquire and enhance their remote collaboration and technical skills. As organizations transitioned to remote work setups, there was a surge in demand for training in areas such as remote project management, cybersecurity for remote work, virtual team collaboration tools, and remote communication skills. The pandemic underscored the importance of upskilling and reskilling the workforce to adapt to changing market needs. Many individuals and organizations recognized the need to learn new IT skills to remain relevant in a rapidly evolving digital landscape. As a result, there was an increased interest in online training programs and certifications that provided opportunities for career advancement or job transitions.
"Rapid Advancement in Technology Industry to Fuel Market Growth"
With the rapid advancement of technology, there is a growing demand for training programs that focus on specific skills rather than general knowledge. Skill-based training, such as coding bootcamps, cybersecurity certification courses, data science training, and cloud computing workshops, is gaining popularity as it provides practical, job-oriented skills in a shorter time frame. Data science and artificial intelligence (AI) are driving innovation across industries. As a result, there is a significant demand for IT training in these areas. Organizations and professionals are seeking training programs that cover topics such as machine learning, deep learning, natural language processing, and data analysis to capitalize on the opportunities presented by data-driven technologies. As cyber threats continue to evolve, there is a growing need for cybersecurity training to protect organizations from data breaches, ransomware attacks, and other cybercrimes. Training programs covering topics like network security, ethical hacking, secure coding, and risk management are in high demand to develop the skills required to safeguard digital assets. While technical skills are essential, there is an increasing recognition of the importance of soft skills in the IT industry. T
IT Training Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into infrastructure, development, data and AI, security, others.
- By Application Analysis
Based on application, the market can be divided into Individuals, SMEs, large enterprises, government, military and others.
"Technological Innovations to Stimulate Market Growth"
With the rising number of cyber threats and attacks, there is a growing need for cybersecurity skills. IT trainings focus on equipping professionals with the knowledge and techniques to protect organizations' networks, systems, and data from cyber threats. As cybersecurity becomes a top priority for businesses, the demand for related training programs continues to rise. With the adoption of remote work and e-learning models, many training providers shifted their programs online, making training accessible to a broader audience.
"Advanced Features of Service to Propel Market Growth"
The flexibility and convenience of online training have further boosted the demand for market, as individuals can learn at their own pace and from anywhere in the world. Lifelong learning has become essential for IT professionals to adapt to new technologies and industry trends. Training programs and certifications offer a structured approach to continuous learning. Various industries, such as healthcare, finance, and government, have specific regulatory and compliance requirements related to IT systems and data security. Compliance training programs help organizations ensure they adhere to these regulations and avoid potential penalties or security breaches. This creates a demand for IT services that focus on compliance-related topics. All these factors are accelerating IT training market growth.
"High Cost of Training to Restrict Market Growth "
IT training programs can be expensive, especially those that cover specialized or niche areas. Organizations and individuals often face budget constraints when it comes to investing in training, which can limit their ability to access high-quality training resources. The cost of training materials, instructors, infrastructure, and certification exams can be significant barriers for many potential learners.
IT Training Market Regional Insights
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"Growing Demand for IT Industry in North America Anticipated to Drive Market Expansion"
North America holds the leading position in IT training market share. The United States has a robust IT industry and is home to many technology giants, startups, and innovation hubs. As a result, there is a high demand for training and development programs to keep up with the rapidly evolving technological landscape. In North America, several major cities, such as San Francisco, Seattle, New York City, and Austin, are known for their thriving IT sectors and attract professionals seeking career advancement and skill enhancement. These cities offer a wide range of training programs, boot camps, certifications, and specialized courses to cater to the growing demand in this region.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are CGS, Firebrand, Global Knowledge, New Horizon, Tech Data, Corpex, Dell EMC, ExecuTrain, Fast Lane, GP Strategies, Progility (ILX Group), Infosec Institute, ITpreneurs, Koenig Solutions, Learning Tree International, NetCom Learning, NIIT, Onlc Training Centers, QA. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Global Knowledge
- New Horizon
- Tech Data
- Dell EMC
- Fast Lane
- GP Strategies
- Progility (ILX Group)
- Infosec Institute
- Koenig Solutions
- Learning Tree International
- NetCom Learning
- Onlc Training Centers
This report examines an understanding of the IT training market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
Market Size Value In
US$ 7376.2 Million in 2020
Market Size Value By
US$ 11500 Million by 2027
CAGR of 6.6% from 2020 to 2027
Historical Data Available
Types & Applications
Frequently Asked Questions
What value is the global IT training market expected to touch by 2027?
The global IT training market is expected to touch USD 11500 million by 2027.
What CAGR is the IT training market expected to exhibit during 2022-2027?
The IT training market is expected to exhibit a CAGR of 6.6% over 2022-2027.
Which are the driving factors of the IT training market?
Rising demand for remote learning, increasing prevalence of cyber-attacks and technological innovations are the driving factors of the IT training market
Which are the top companies operating in the IT training market?
IT training top companies are CGS, Firebrand, Global Knowledge, New Horizon, Tech Data, Corpex, Dell EMC, ExecuTrain, Fast Lane, GP Strategies, Progility (ILX Group), Infosec Institute, ITpreneurs, Koenig Solutions, Learning Tree International, NetCom Learning, NIIT, Onlc Training Centers, QA