Global IT Training Market Size By Product (Infrastructure, Development, Database, Security), By Competitive Landscape, By Geographic Scope And Forecast
Report ID: 5838|No. of Pages: 202
Global IT Training Market Size By Product (Infrastructure, Development, Database, Security), By Competitive Landscape, By Geographic Scope And Forecast
IT Training Market Size And Forecast
IT Training Market size was valued at USD 51 Billion in 2024 and is projected to reach USD 102 Billion by 2031, growing at a CAGR of 10% during the forecast period 2024-2031.
The increase in demand for e-learning is a major factor driving the IT Training Market. Additionally, virtual and augmented reality advancements are increasing the IT Training Market with rising trends such as social learning, personalized learning, mobile learning, and massive open online courses (MOOCs) also boosting the market growth. The Global IT Training Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global IT Training Market Definition
IT training is defined as specialized training for the Information Technology (IT) industry. The training refers to the professional training provided by businesses, universities, and non-formal professional institutes for the skills required to execute information technology occupations. Infrastructure, development, database, and security are all topics covered in IT training. IT training entails the transfer of knowledge and skills related to the development, application, implementation, design, and management of computer-based systems.
With organizations throughout the world adopting new technology at an increasing rate, IT training has become essential for companies to run their operations efficiently. IT training prepares a corporation to successfully manage its data and resources while also increasing staff efficiency and productivity. With the growing usage of smartphones and smart wearables, many businesses and individuals are turning to mobile-based IT training. This allows the learner to access information on their mobile devices at any time and from any location.
Furthermore, the ever-changing technology and expanding business needs necessitate regular training programs for employees to help them keep up with the newest industry advances. This has a favorable effect on the market as well. Previously, corporate training was a significant expense for businesses. Major IT training providers are focusing on providing a higher-quality learning experience. Individuals who want to improve their IT skills can benefit from this. IT training companies are also concentrating on improving their professional services. Face-to-face training is preferred over virtual training by most people. Through training, IT teams around the world have been able to complete several enterprise financial and public safety projects on their own, working directly with vendors.
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Global IT Training Market Overview
The surge in demand for e-learning is a major factor driving the IT Training Market. E-learning solutions are favored for IT training because they are less expensive, provide more access options, and allow for animated and interactive learning. E-learning incorporates the use of the Internet and computers in a significant way. As a result, an increase in the number of internet users and access to broadband combined with mobile phones is predicted to fuel the IT Training Market. The use of e-learning systems has also been aided by the emergence of SMAC (social, mobile, analytics, and cloud) technology.
Shortly, the IT training industry is expected to be driven by a growth in the usage of cloud-based learning management systems and SaaS. Additionally, virtual and augmented reality advancements are increasing the IT Training Market. With rising trends such as social learning, personalized learning, mobile learning, and massive open online courses (MOOCs), the IT Training Market around the world is rapidly changing. When compared to one-size-fits-all courses, personalized learning has numerous advantages. It uses an adaptive model, which means that students are given learning assignments based on what they really know.
Furthermore, game-based learning has grown in popularity as students prefer to study entertainingly. During the forecast period, these factors are expected to grow the market. However, limited awareness of digital technology in rural areas is one of the major restraints in the IT Training Market. A shortage of qualified IT trainers who can fulfill individual training needs is also likely to hamper the market. Furthermore, an increase in the number of students and IT employees in the Asia Pacific is expected to provide the market with lucrative growth opportunities during the forecast period.
Global IT Training Market: Segmentation Analysis
The Global IT Training Market is Segmented based on Product, And Geography.
IT Training Market, By Product
• Infrastructure
• Development
• Database
• Security
• Others
Based on Product, the market is segmented into Infrastructure, Development, Database, Security, and Others. IT Infrastructure training is involved with the development, maintenance, and management of technical infrastructure. Database construction and management, programming languages, and other related topics are covered in programming and database training.
IT Training Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
Based on Geography, the Global IT Training Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Various governments, such as China’s, India’s, and Japan’s, are working to improve the quality of IT education for those living in rural and semi-rural areas with limited access to educational facilities. IT training has become more important in recent years in the United States, India, China, and South Korea. These countries have made significant progress in the field of IT education.
Key Players
The “Global IT Training Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as IBM, LearnQuest, Oracle, QA, SAP, Avnet Academy, Dell, Infosec Learning, SkillSoft, TATA Interactive System.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• 2021: IBM (NYSE: IBM) announced a definitive agreement to acquire Turbonomic, an Application Resource Management (ARM) and Network Performance Management (NPM) software provider based in Boston, MA. The acquisition will give businesses complete stack application observability and management, allowing them to ensure performance and reduce spending by using AI to optimize resources including containers, virtual machines, servers, storage, networks, and databases. This will allow them to assess and manage the performance of any application, anywhere, more dynamically and efficiently. Financial details were not disclosed.
• January 2021: SAP SE (NYSE: SAP) and Signavio GmbH announced today that SAP has decided to acquire Signavio, a market leader in enterprise business process analytics and process management.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | IBM, LearnQuest, Oracle, QA, SAP, Avnet Academy, Dell, Infosec Learning, SkillSoft, TATA Interactive System. |
| SEGMENTS COVERED | • By Product |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL IT TRAINING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL IT TRAINING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL IT TRAINING MARKET, BY PRODUCT
5.1 Overview
5.2 Infrastructure
5.3 Development
5.4 Database
5.5 Security
5.6 Others
6 GLOBAL IT TRAINING MARKET, BY GEOGRAPHY
6.1 Overview
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 U.K.
6.3.3 France
6.3.4 Rest of Europe
6.4 Asia Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia Pacific
6.5 Rest of the World
6.5.1 Latin America
6.5.2 Middle East and Africa
7 GLOBAL IT TRAINING MARKET COMPETITIVE LANDSCAPE
7.1 Overview
7.2 Company Market Ranking
7.3 Key Development Strategies
8 COMPANY PROFILES
8.1 IBM
8.1.1 Overview
8.1.2 Financial Performance
8.1.3 Product Outlook
8.1.4 Key Developments
8.2 LearnQuest
8.2.1 Overview
8.2.2 Financial Performance
8.2.3 Product Outlook
8.2.4 Key Developments
8.3 Oracle
8.3.1 Overview
8.3.2 Financial Performance
8.3.3 Product Outlook
8.3.4 Key Developments
8.4 QA
8.4.1 Overview
8.4.2 Financial Performance
8.4.3 Product Outlook
8.4.4 Key Developments
8.5 SAP
8.5.1 Overview
8.5.2 Financial Performance
8.5.3 Product Outlook
8.5.4 Key Developments
8.6 Avnet Academy
8.6.1 Overview
8.6.2 Financial Performance
8.6.3 Product Outlook
8.6.4 Key Developments
8.7 Dell
8.7.1 Overview
8.7.2 Financial Performance
8.7.3 Product Outlook
8.7.4 Key Developments
8.8 Infosec Learning
8.8.1 Overview
8.8.2 Financial Performance
8.8.3 Product Outlook
8.8.4 Key Developments
8.9 SkillSoft
8.9.1 Overview
8.9.2 Financial Performance
8.9.3 Product Outlook
8.9.4 Key Developments
8.10 TATA Interactive System
8.10.1 Overview
8.10.2 Financial Performance
8.10.3 Product Outlook
8.10.4 Key Developments
9 Appendix
9.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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