Corporate Leadership Training Market - 14.10% CAGR Growth Report by 2021
PUNE, India, Oct. 3, 2017 /PRNewswire-iReach/ -- Corporate leadership training market report covers the market landscape and its growth prospects over the coming years. Corporate training is provided to employees of an organization to bridge the learning gap. The learning gap emerges when the knowledge gained in universities and colleges is not enough to help an individual perform at workplaces. The foremost benefit of providing this training is that employees become well-aware of their roles and responsibilities related to the job.
The analysts forecast global Corporate Leadership Training Market to grow at a CAGR of 14.10% during the period 2017-2021. Commenting on the corporate leadership training report, an analyst says the latest trend gaining momentum in the market is Increased integration of e-learning. It is noted that many organizations have offices at multiple locations across the world and have been providing face-to-face training that could be expensive as well as burdensome. Training provided through e-learning helps organizations in reducing travel costs and charges related to establishing training centers in multiple locations.
Key players in the global corporate leadership training market are Cegos, Dale Carnegie Training, Franklin Covey, and Skillsoft. Other Prominent Vendors in the market are: AchieveForum, American Management Association, BTS, Center for Creative Leadership, Global Knowledge, GP Strategies, Harvard Business Publishing, Linkage, The Ken Blanchard Companies, VitalSmarts, and Wilson Learning.
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According to the corporate leadership training market report, one of the major drivers for this market is Average tenure of leadership training is long — Benefit for vendor. Companies leadership trainings are sustained investment outlays incurred by most organizations. This is because leadership training programs provide long-term benefits and are lengthy processes. In the US, companies spend around $3,500 on leadership training per person for mid-level employees and about $10,000 for developing senior leaders.
Further, the report states that one of the major factors hindering the growth of corporate leadership training market is Challenges in measuring performance through corporate leadership training programs. The primary issue faced by the global corporate leadership training market is the measurement of employee performance for succession planning. Corporate leadership training programs have no fixed parameters for measuring employee performance. Evaluation of performance helps in identifying the most efficient employee from the group, which is to facilitate the individual's promotion. It is noted that in many organizations employees who perform in non-management roles get promoted at a faster rate than their peers.
List of Exhibits
Exhibit 01: Corporate training: Key insights
Exhibit 02: Key steps in corporate training activities
Exhibit 03: Types of corporate training courses 2015 (% share)
Exhibit 04: Global corporate leadership training market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global corporate leadership training market by training method 2016-2021 ($ billions)
Exhibit 07: Global corporate leadership training market by training method 2016-2021 (% share)
Exhibit 08: Global corporate leadership training market by online training 2016-2021 ($ billions)
Exhibit 09: Global corporate leadership training market by instructor-led training 2016-2021 ($ billions)
Exhibit 10: Global corporate leadership training market by blended training 2016-2021 ($ billions)
Exhibit 11: Global corporate leadership training market by geographical segmentation 2016-2021 ($ billions)
Exhibit 12: Global corporate leadership training market by geographical segmentation 2016-2021 (% share)
Exhibit 13: Corporate leadership training market in North America 2016-2021 ($ billions) and more..
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