Corporate Compliance Training Market Size to increase by $2.43 bn

Corporate Compliance

According to the research report “Corporate Compliance Training Market – Forecast and Analysis Report 2021-2025″, the market is expected to have a YOY growth rate of 5.98% in 2021 and is expected to grow at a CAGR of 7% between 2020 and 2025. The report segments the market by type (online and blended) and geography (North AmericaEurope, APAC, MEA, and South America).

North America is the largest market for corporate compliance training. The increased spending by MNCs on training is the key driver for market growth in the region. In 2020, countries in North America spent extensively on training programs. This increased spending on training programs is expected to continue during the forecast period due to the increasing complexity of businesses and the increasing presence of MNCs in the region.

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Vendor Insights

The corporate compliance training market is fragmented in nature due to the presence of several global and regional players. The vendors are deploying growth strategies such as focusing on eLearning app development and developing e-platform and apps for online corporate compliance training to compete in the market.

Skillsoft Ltd.- In June 2021, Churchill Capital Corp II and Skillsoft Ltd. announced the closure of the business combination and subsequent acquisition of global knowledge to create a leading corporate digital learning company.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Blackboard Inc.
  • City & Guilds Group
  • EI Design Pvt Ltd.
  • GP Strategies Corp.
  • John Wiley and Sons Inc.
  • LRN Corp.
  • SAI Global Pty. Ltd.
  • Skillsoft Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.

Geographical Market Analysis

North America will provide maximum growth opportunities in the corporate compliance training market during the forecast period. According to our research report, the region currently holds 32% of the global market growth and is expected to dominate the market through 2025.

In addition, countries such as the US, India, UK, Germany, and Japan are expected to emerge as prominent markets for corporate compliance training during the forecast period.

Key Segment Analysis

The online corporate compliance training type segment held the largest market share in 2020 and will continue to dominate the market during the forecast period. Organizations view compliance training through online mediums as a new way of delivering training instruction to employees. This method is considered to boost employee productivity, broaden training opportunities, improve the efficacy of instruction, and motivate employees to remain updated concerning compliance policies.

Know more about this market’s geographical distribution along with the detailed analysis of the top regions.

Key Market Trends & Challenges:

The growing popularity of mobile-based compliance training will drive corporate training market growth. Several companies are increasingly encouraging the adoption of mobile devices across enterprises to conduct compliance training with the growing trend of bring your own device (BYOD) and corporate-owned personally enabled (COPE) policies in workplaces. This, in turn, will fuel the preference for corporate compliance training market in the coming years.

The report identifies the increasing deployment of analytics in compliance training as one of the key trends. Organizations can extract and analyze the data with the help of learning analytics tools. Companies can use technology to monitor the learning activities of their employees. In addition, the analytical tools and learning analytics further helps in assessing the performance of the learners, resulting, in organizations to successfully personalize their content for individual learners.

The intangible nature of outcome measurement is a major challenge for the corporate compliance market growth. Organizations provide training without the ability to measure whether ROI has been achieved effectively or not. This inability stems from the lack of proper measurement methods to evaluate training outcomes.

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Corporate Compliance Training Market Value Chain Analysis

The report includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Support activities
  • Innovations

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