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Stock impact report

2024 Corporate Training Research Report: Market Projected to Surpass $713 Billion by 2033 [Yahoo! Finance]

Skillsoft Corp. Class A (SKIL) 
Company Research Source: Yahoo! Finance
The global corporate training market is poised for unprecedented growth over the next decade. Entering a new era of professional development, the market is expected to grow robustly, reaching an estimated $511.97 billion by 2028 and further surging to $713.47 billion by 2033. This optimistic outlook is anchored in the market's strong historical performance, with a compound annual growth rate (CAGR) of 4.9% from 2018 to 2023. Key Drivers of Market Expansion Several key factors are propelling the corporate training market forward, including widespread digitalization, higher learning and development investments, expanded internet outreach, thriving mobile learning demand, and greater adoption of IoT devices. However, certain challenges such as technology accessibility constraints and elevated program costs have previously restrained growth. Segment Insights and Forecasts The market is meticulously segmented, with technical training representing the largest segment as of 2023, at Show less Read more
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