Dallas, May 26, 2021 (GLOBE NEWSWIRE) — In response to the ongoing global pandemic and its deteriorating impact on employability and business productivity, reliance on skills training is increasing significantly to improve development skills, according to the latest research study from Orbis Research.
Several countries supported by the OECD vision highlight the benefits of vocational training as it significantly helps people who have interrupted their studies to become much more employable.
Additionally, it also helps job seekers experience a quick transition from school to work. These developments are likely to reinforce the strong growth of the vocational training market. Moreover, countries around the world are focusing on raising awareness and creating awareness through social media as it is an ideal communication tool to target students, teachers, and parents.
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Vocational training is mainly classified into the following types: technical and non-technical. Technical is the most widely used type which accounts for around 67.45% of the total in 2017 in Global.
Market Analysis and Overview: Global Vocational Training Market
The global vocational training market size is expected to reach US$80140 million by 2026, from US$40870 million in 2019, at a CAGR of 10.1% during the period 2021-2026.
AER launches several webinars such as Skillnet to improve learning under the COVID challenge
Several large economies such as European countries are investing aggressively to control the exponential increase in school dropouts. The ratio has increased further with the global pandemic hitting hard. With this in mind, countries are launching new initiatives to improve learning. AER (Assembly of European Nations) has just finished hosting its Skillnet webinar to connect vocational training institutes and learners to encourage young minds in their quest for quality education. These turbulent events continue to support favorable growth in the vocational training market in the years to come.
The analysts authoring the report have adopted a unique and industry-leading research and analytical approach for an in-depth study of the global vocational training market.
Vocational training breakdown data by type
Professional Training Breakdown Data by Application
Based on regional and national analysis, the professional training market has been segmented as follows:
The rest of Europe
South East Asia
Rest of Asia-Pacific
Middle East and Africa
United Arab Emirates
Rest of the Middle East and Africa
In the competitive analysis section of the report, the major players as well as the major players of the global Professional Training Market are extensively studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on the player’s earnings for the period 2016-2021. It also offers a detailed analysis supported by reliable statistics on prices and income (worldwide) per player for the period 2016-2021.
The following players are covered in this report:
City and Guilds Kineo
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Chapter One: Presentation of the Report
1.1 Scope of the study
1.2 Market Analysis by Type
1.2.1 Global Professional Training Market Size Growth Rate by Type: 2016 VS 202Chapter One: VS 2027
1.3 Market by Application
1.3.1 Global Professional Training Market Share by Application: 2016 VS 202Chapter One: VS 2027
1.3.3 Office workers
1.4 Objectives of the study
1.5 years considered
Chapter Two: Global Growth Trends
2.1 Global Professional Training Market Outlook (2016-2027)
2.2 Vocational Training Growth Trends by Regions
2.2.1 Professional Training Market Size by Regions: 2016 VS 202Chapter One: VS 2027
2.2.2 Professional Training Historic Market Share by Regions (2016-2021)
2.2.3 Vocational Training Forecasted Market Size by Regions (2022-2027)
2.3 Dynamics of the vocational training sector
2.3.1 Vocational training market trends
2.3.2 Vocational training market drivers
2.3.3 Vocational training market challenges
2.3.4 Constraints of the vocational training market
Chapter Three: Competition Landscape by Key Players
Chapter Four: Vocational Training Breakdown Data by Type
Chapter Five: Vocational Training Breakdown Data by Application
Chapter Six: North America
Chapter Seven: Europe
Chapter Eight: Asia-Pacific
Chapter Nine: Latin America
Chapter Ten: Middle East and Africa
Chapter Eleven: Profiles of Key Players
11.1 Adobe systems
11.2 Articulate Global
11.6 Vocational training
11.8 Cisco Systems
11.9 City and Kineo guilds
11.11 Fischer, Knoblauch
11.12 Health Feed
11.15 Inspired e-learning
11.17 IntraLearn Software
11.18 Knowledge Pool
Chapter Twelve: Analyst Viewpoints/Conclusions
Chapter Thirteen: Appendix
13.1 Research methodology
13.1.1 Methodology/Research Approach
13.1.2 Source of data
13.3 Author details
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