Los Angeles, December 24, 2019 -A new report by QY Research titled, “Global IT Training Market Size, Status and Forecast 2019-2025” presented by researchers gives a complete overview of global IT training market. In 2018, the global IT training market size was US$6.4 bn and it is expected to reach US$10.06 bn by the end of 2025, rising at CAGR of 6.55% during 2019-2025.
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Increasing Use of AI and Cloud Computing to Positively Impact Market Growth
IT training includes a certain set of skills necessary for performing jobs in IT sector. These skill may include courses that are related to the design, application, development, implementation, testing, networking, and management of computer-based information systems. The training and educating of users includes various smart classrooms, workshops, e-learning, distance learning, and certification courses. The need for IT training has increased due to the growing adoption of technologies such as AI and cloud computing and simultaneous growth of data traffic. These factors have increased the need for data management making it essential to train professionals with emerging technologies.
Furthermore, increasing use of smartphones and smart wearables technologies has prompted companies to hire trained resources. These training modules are aimed at helping employees understand the latest developments in the market. All of these factors are expected to propel the market growth.
Infrastructure Segment to lead Market Growth
The leaping demand for professionals that are skilled in networking and cloud computing technologies is driving the growth of the IT infrastructure segment. In order to train employees, various organizations are partnering with vendors to facilitate IT training, which is creating a revenue stream for vendors. This is expected to encourage infrastructure segment to lead the market growth.
North America will Offer Growth Opportunities to Market
The growing adoption of emerging technologies such as AI and block-chain in North American region is one of the major driver in the market. There is also large number of growth opportunities in companies due to their focus on developing and introducing new solutions and well-developed network infrastructure in the region.
Manufacturers to Invest in New Training and Certification Programs
Global Knowledge will now offer new robust training and certification programs with Amazon Web Services (AWS) to decrease cloud skills gaps organizations are facing. These programs are aimed at helping professionals gain skills in AWS to command top salaries as organizations.
The key players covered in this study includes CGS, Firebrand, NIIT, Corpex, Global Knowledge, QA, New Horizon, TTA, Tech Data, Tedu, Dell EMC, LearnQuest, ExecuTrain, Itcast, Fast Lane, ITpreneurs, GP Strategies, SkillSoft, Progility (ILX Group), NetCom Learning, Infosec Institute, Onlc Training Centers, Koenig Solutions, Learning Tree International, and others.
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