Lewes, DE -- (SBWIRE) -- 06/15/2016 -- Report forecast the technical and vocational education (TVE) market in North America to grow at a CAGR of 4.13% during the period 2016-2020.

TVE equips people with essential skills to successfully transition from classrooms to workplaces. In many countries, it is referred to as technical vocational education and training (TVET). The TVE system in North America is complex as it incorporates various grade levels, providers, and subject areas. This complexity is because the decision-making regarding the framework of the TVE varies from state to state. demand

The report covers the present scenario and the growth prospects of the technical and vocational education (TVE) market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated by private vocational and technical training institutions and organizations from courses delivered to individuals.

The market is divided into the following segments based on geography:
- US
- Canada

According to the report, a key growth driver is the inherent skill gap issues. In the US, there are several unfilled job positions, which require middle skills. For, instance lab technicians, advanced manufacturing specialists, and computer programers. School and college curricula are not aligned with employer expectations; employers have observed a lack of necessary skills in employment-ready graduates. With growing concerns about skill gap, more private TVE institutions are venturing into the market to train students for professions that require middle skills.

Further, the report states that one challenge that could restrict market growth is the threat from corporate training institutes.

Technical and Vocational Education (TVE) Market in North America 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 technical and vocational education (TVE) market in North America: Acumen Global Training, City and Guilds, CfPA, and SAP.

Other Prominent Vendors in the market are: Canadian Vocational Training Center, CLC Technical Training, CleanEdison, CORE Education & Technologies, Unitek Information Systems, and VMEdu.

Market driver
- Inherent skill gap issues
- For a full, detailed list, view our report

Market challenge
- Threat from corporate training institutes
- For a full, detailed list, view our report

Market trend
- Growing demand for middle-skill jobs among millennial workers
- 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 53 pages and 36 Exhibit "Technical and Vocational Education Market in North America 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/technical-and-vocational-education-market-north-america-2016-2020

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