Lewes, DE -- (SBWIRE) -- 01/11/2017 -- Report forecast the corporate training market in the US to grow at a CAGR of 9.54% during the period 2016-2020.

Corporate training is an integral part of an organization's discretionary budget. The primary objective of such training is to reduce both technical and non-technical capability gaps, as well as to groom eligible employees to move up the company's hierarchy. Intensified competition in the corporate sector has pushed organizations into business diversification regionally and internationally, increasing the need for proper training and development of the workforce. Therefore, it presents a significant opportunity for training solution providers to expand their business by offering products and services related to corporate training.

The report covers the present scenario and the growth prospects of the corporate training market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of training products and related services for a fee or subscription.

According to the report, one of the major drivers for this market is growing popularity of training through social collaboration tools. An increasing number of organizations is incorporating social media platforms such as Facebook, Twitter, and LinkedIn into their learning environments. Through social networks, employees can engage in informal learning options through blogs, wikis, and discussion forums, which are considered as effective training tools.

Further, the report states that one of the major factors hindering the growth of this market is rising penetration of MOOCs. MOOCs courses are largely deployed not only by institutions but are also embraced by the corporate sector. Many organizations worldwide are using MOOCs for different reasons. More than 350 companies have paid Coursera and Udacity for identifying bright students across relevant courses. The selected candidates could further be referred as prospect candidates for specific job offers in companies.

Corporate Training Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the corporate training market in the US: Articulate, GP Strategies, Miller Heiman, and Skillsoft.

Other Prominent Vendors in the market are: Allen Interactions, Aptara, Computer Generated Solutions, Certpoint Systems, Desire2Learn, Intuition Publishing, Interaction Associates, New Horizons Computer Learning Centers, and NIIT.

Market driver
- Growing popularity of training through social collaboration tools
- For a full, detailed list, view our report

Market challenge
- Rising penetration of MOOCs
- For a full, detailed list, view our report

Market trend
- Corporate m-learning
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 26 Exhibits "Corporate Training Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Economic overview, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Corporate training market in US, Market segmentation by product, Vendor landscape, Key vendor analysis, Other prominent vendors, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/corporate-training-market-us-2016-2020

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