Corporate Training Market Outlook 2023-2027: Market Size, Major Drivers, And Lucrative Segments - By The Business Research Company
LONDON, Oct. 3, 2023 /PRNewswire/ -- As per The Business Research Company's Corporate Training Global Market Report 2023, the global corporate training market is set for remarkable growth, with expectations to rise from $363.26 billion in 2022 to $380.70 billion in 2023, boasting a noteworthy compound annual growth rate (CAGR) of 4.8%. This growth momentum is expected to continue, with the corporate training market size projected to reach $460.04 billion in 2027, maintaining a steady CAGR of 4.8%.
- The global corporate training market presents a diverse landscape, characterized by a multitude of players.
- An intriguing trend in the corporate training market is the utilization of augmented reality (AR) and virtual reality (VR) to create realistic training simulations.
- The global corporate training market is segmented along various dimensions:
Among these segments, the virtual training method shines with the highest growth potential. - North America leads the corporate training market, with a market worth of $140.7 billion in 2022.