Market Research Report

Global IT Training Market Research Report: Forecast (2023-2028)

By Application (IT Infrastructure Training, Enterprise Application and Software Training, Cyber Security Training, Database and Big Data Training, Others), By End-User (Corporates,...Schools and Colleges, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company(Avant Academy, Amazon Inc., Apple Inc., Dell Technologies, ExitCertified Corp., Executrain, IBM Corporation, Oracle Corporation, Fast Lane, Global Knowledge, Firebrand Training, GP Strategies, HP Inc., Learn Quest, and New Horizons) Read more

  • ICT & Electronics
  • Jun 2023
  • 187
  • PDF, Excel, PPT

Market Definition

IT (Information Technology) training is the process of acquiring necessary knowledge, skills, & competencies related to the IT sector and encompasses an extensive range of structured learning courses, programs, certifications, & training materials designed to enhance individuals' knowledge & skills in various IT concepts, technologies, tools, & practices.

Market Insights & Analysis: Global IT Training Market (2023-28)

The Global IT Training Market is anticipated to grow at a CAGR of around 7.9% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by ongoing advancements in different technologies & frameworks, digital transformation initiatives being undertaken by organizations to stay competitive in the market, and the lack of professionals possessing in-demand IT skills.   

As more & more IT professionals and aspiring individuals recognize the importance of continuous learning for career advancement & professional growth, they are massively investing in IT training programs to expand skill sets, earn certifications, and enhance career prospects. Many enterprises & job roles nowadays require specific certifications to demonstrate proficiency and meet industry standards. IT training programs align with these industry-recognized certifications, hence the need to obtain which is instigating individuals & organizations to participate in IT training programs to enhance their knowledge & skills.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 7.9%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Avant Academy, Amazon Inc., Apple Inc., Dell Technologies, ExitCertified Corp., Executrain, IBM Corporation, Oracle Corporation, Fast Lane, Knowledge, Firebrand Training, GP Strategies, HP Inc., Learn Quest, New Horizons and Other
Unit Denominations USD Million/Billion

 

Moreover, the burgeoning of remote & online learning, especially after the COVID-19 pandemic, is another prominent factor driving the market, backed by the increased prominence of virtual training platforms and e-learning solutions, i.e., enabling individuals to access IT training programs, with convenience, flexibility, & cost-effectiveness and from anywhere in the world.

Furthermore, with the increasing emphasis on data privacy & security, organizations are pushing their employees to acquire the necessary skills to handle sensitive information and protect against cyber threats. This aspect is driving the demand for these training programs that focus on cybersecurity, compliance, & data protection to help organizations meet regulatory requirements and mitigate security risks, thereby assisting in enhancing the IT Training Marekt size.

Global IT Training Market Driver

The Rapidly Evolving Technology Landscape - Advancements in technologies like artificial intelligence, machine learning, data science, cloud computing, cybersecurity, & blockchain are instigating individuals and organizations to acquire the necessary skills & knowledge to leverage these technologies in an efficient manner. As these technologies gain prominence and find applications in different end-user industries, the need for professionals with expertise in these areas is surging. IT training programs cater to this requirement by offering courses & certifications to equip individuals with the necessary skills to align with these cutting-edge technologies. Hence, the constant evolution of various technologies is creating a continuous demand for IT training programs and, in turn, driving the Global IT Training Market.


Global IT Training Market Research Report: Forecast (2023-2028)

Global IT Training Market Growth Restraint

Cost & Budget Constraints, especially for Small Enterprises - Since quality training programs, especially those focused on advanced technologies or specialized skills, are expensive, businesses with limited training budgets and individuals with financial constraints find it challenging to invest in these comprehensive IT training programs. Moreover, the rising availability of alternative ways to acquire IT skills, such as online learning platforms, open-source educational resources, & free tutorials, is allowing individuals to opt for self-paced learning instead, i.e., another crucial aspect negatively impacting the growth of the Global IT Training Market.

Global IT Training Market (2023-28): Segmentation Analysis

The Global IT Training Market study from MarkNtel Advisors analyzes the major trends in each sub-segment and includes predictions for the period 2023–28 at the global, regional, and national levels. The market has been segmented in our analysis based on grade & application.

Based on Application:

  • IT Infrastructure Training
  • Enterprise Application & Software Training
  • Cybersecurity Training
  • Database & Big Data Training

Among all, cybersecurity training has been gaining significant prominence in the Global IT Training Market. It owes to the ever-increasing cyber threats, stringent compliance & regulatory requirements related to data security & privacy across various industries, and a significant shortage of skilled cybersecurity professionals globally. With the rising frequency & complexity of cyber threats, such as data breaches, ransomware, & phishing attacks, various organizations worldwide are realizing the importance & benefits of investing in cybersecurity training to protect their digital assets & sensitive data.

In addition, enterprises are seeking trained cybersecurity professionals who understand these requirements and can implement appropriate security measures, thereby driving the demand for cybersecurity training programs that can equip individuals with the necessary skills & knowledge to pursue careers in this field. Moreover, the constantly evolving threat landscape, with new attack vectors & vulnerabilities emerging regularly, is also necessitating continuous learning & upskilling in cybersecurity, which cover the latest threats, attack techniques, & defensive strategies to help individuals stay updated & prepared to tackle new challenges. Hence, these aspects are contributing to the ever-increasing prominence of cybersecurity in the Global IT Training Market.

Based on End-User:

  • Corporates
  • Schools & Colleges

Here, corporates have a significant contribution to the market growth as they invest substantially in IT training to enhance the skills & knowledge of their employees. The growing need of corporate enterprises to keep their workforce up-to-date with the latest technologies and industry trends is driving the IT Training Market. With the emergence of new technologies and the evolution of existing ones, organizations are preparing their workforce to possess the relevant knowledge & skills to utilize these technologies effectively, i.e., pushing the demand for IT training programs.

Large corporations have dedicated training departments or learning & development teams that design & deliver customized IT training programs for their employees. They often partner with external training providers or technology vendors to offer an extensive range of training courses & certifications. Corporate IT training programs typically focus on specific skills required for the enterprise's operations, like software development, cybersecurity, project management, or data analytics.

Moreover, several organizations comprehend industry-recognized certifications as a measure of competency & expertise in specific IT domains and, thus, encourage their employees to pursue these certifications by providing them with the necessary support & resources like training materials, practice exams, & exam fees. Hence, these aspects are amplifying the demand for certification-focused training programs and, in turn, spurring growth in the Global IT Training Market.

Global IT Training Market Regional Projection:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, North America, particularly the US, holds the largest share of the IT Training Market. It owes to the presence of major technology firms & startups, a robust IT industry, and a strong emphasis on professional development. The US has a well-established IT training infrastructure with numerous training providers, universities, & corporate training programs that cater to the mounting demand for IT skills across various sectors, including finance, healthcare, e-commerce, & technology. Numerous renowned training organizations, both private & public, provide high-quality IT training across a wide variety of domains, including programming, cybersecurity, cloud computing, & data science, to cater to the diverse needs of individuals & organizations seeking IT training.

Moreover, North American organizations highly value professional development & continuous learning and actively participate in corporate training initiatives, certifications, and partnerships with training providers. Several enterprises invest massively in employee training & development programs to promote growth and uplift the skills of their workforce. Hence, this increased emphasis of companies on professional development is another prominent aspect contributing to the North America IT Training Market expansion.

Global IT Training Market Recent Developments:

  • June 2023: ExitCertified announced that it is a Silver sponsor for TICE (Training Industry Conference & Expo), a flagship event for learning & development leaders, scheduled to be held from 27-29 June in Raleigh, North Carolina. This conference will offer learning professionals an environment to connect & collaborate with their peers along with industry thought leaders.
  • April 2023: Fast Lane and Nedamco Africa announced a strategic partnership to provide valuable industry skills to African youths through the Nedamco Skilling Initiative. The initiative is part of a larger pan-African skilling & job-creation endeavor by Nedamco Africa, aimed at building local capacity & expertise, i.e., essential for Africa's long-term growth & prosperity.
  • November 2022: LearnQuest announced it had joined the Scaled Agile Partner Network as a Bronze Transformation Partner that includes transformation & platform providers who help enterprises facilitate & accelerate business results by adopting the Scaled Agile Framework® (SAFe®).

Gain a Competitive Edge with Our Global IT Training Market Report

  1. Global IT Training Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global IT Training Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The IT Training Market is forecast to grow at a CAGR of around 7.9% during 2023-28

   A. Continuous advancements in technologies are expected to drive the IT Training Market during 2023-28.

   A. Avant Academy, Amazon Inc., Apple Inc., Dell Technologies, ExitCertified Corp., Executrain, IBM Corporation, Oracle Corporation, Fast Lane, Knowledge, Firebrand Training, GP Strategies, HP Inc., Learn Quest, and New Horizons are the key players operating in the IT Training Market.

   A. Cost and budget restraints for some individuals & businesses are the major growth restraint for the IT Training Market.

   A. Corporates would generate lucrative prospects for the leading participants in the IT Training Market through 2028.

   A. Globally, North America would continue providing profitable growth opportunities to the IT Training Market over the forecast years.

Global IT Training Market Research Report (2023-2028) - Table of Contents

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global IT Training Market Regulations and Policy
  5. Global IT Training Market Trends & Developments
  6. Global IT Training Market Supply Chain Analysis
  7. Global IT Training Market Dynamics
    1. Drivers
    2. Challenges
  8. Global IT Training Market Hotspot & Opportunities
  9. Global IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application
        1. IT Infrastructure Training - Market Size & Forecast 2018-2028, (USD Million)
        2. Enterprise Application and Software Training - Market Size & Forecast 2018-2028, (USD Million)
        3. Cyber Security Training- Market Size & Forecast 2018-2028, (USD Million)
        4. Database and Big Data Training- Market Size & Forecast 2018-2028, (USD Million)
        5. Others- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User
        1. Corporates - Market Size & Forecast 2018-2028, (USD Million)
        2. Schools and Colleges - Market Size & Forecast 2018-2028, (USD Million)
        3. Others - Market Size & Forecast 2018-2028, (USD Million)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      4. By Company
        1. Market Share
        2. Competition Characteristics
  10. North America IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Canada IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Mexico IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  11. South America IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Argentina IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  12. Europe IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. The UK IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. France IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    6. Italy IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    7. Spain IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  13. The Middle East and Africa IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
        1. South Africa
        2. The UAE
        3. Saudi Arabia
        4. Rest of Middle East and Africa
    3. South Africa IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. The UAE IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Saudi Arabia IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  14. Asia-Pacific IT Training Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Application- Market Size & Forecast 2018-2028, (USD Million)
      2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
      3. By Country
        1. China
        2. Japan
        3. Australia
        4. India
        5. South Korea
        6. Rest of Asia Pacific
    3. China IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    4. Japan IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    5. Australia IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    6. India IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
    7. South Korea IT Training Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application- Market Size & Forecast 2018-2028, (USD Million)
        2. By End-User- Market Size & Forecast 2018-2028, (USD Million)
  15. Competitive Outlook
    1. Company Profiles 
      1. Avant Academy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Amazon Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3.  Apple Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Dell Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Exit Certified
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Executrain
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. IBM Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Oracle Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Fast Lane
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Global Knowledge
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Firebrand Training
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. GP Strategies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. HP Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Learn Quest
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. New Horizons
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  16. Disclaimer


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