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 is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

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.

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.

In the near future, 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 in an entertaining way. 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 MarketSegmentation Analysis

The Global IT Training Market is Segmented on the basis of 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

On the basis of 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 a 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

• 2021IBM (NYSEIBM) 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 2021SAP SE (NYSESAP) and Signavio GmbH announced today that SAP has decided to acquire Signavio, a market leader in enterprise business process analytics and process management.

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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 with respect to 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 of 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• 6-month post-sales analyst support

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