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Corporate Learning / Training Market Size, Industry Analysis Report By types (Technical skills, Soft skills, Compliance, Safety training, Product and service training), By training method (Instructor led, Online, Blended), By deployment (On premise, Cloud), By technology (Learning content management systems, Rapid web-based, Application simulation tool, Virtual classrooms, Podcasts) & Region – Forecasts

  • PUBLISHED ON
  • 2024-01-08
  • NO OF PAGES
  • 205
  • CATEGORY
  • Banking & Finance

 

Global Corporate Learning / Training Market Analysis by insurance types, coverage type, distribution channel, Region and segments forecast till 2033

 

Market Overview

The Corporate Learning / Training Market size was USD 332,931.1 million in 2022, and is anticipated to grow to a value of more than USD 417,212.5 million by 2033, with an increasing CAGR (compound annual growth rate) of over 9% from 2023 to 2033.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 332,931.1 million

Market Forecast in 2033

USD 417,212.5 million

CAGR % 2023-2033

9%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

SAP SE, Adobe Inc, Automatic Data Processing, Inc, Adrenna, Inc, Articulate, Blatant Media Corporation, Cerner Corporation, Infor (CERTPOINT), City & Guilds Group, CommLab India, Coursera, Inc, D2L Inc., Designing Digitally, Inc, EI Design Pvt. Ltd., Elsevier, G-Cube eLearning Solutions., GBS Corporate Training, GE Healthcare, NIIT Ltd., PeopleFluent, Oracle Corporation, Infor, Infopro Learning Inc., HealthcareSource, and 24/7 TEAC.

 

Global Corporate Learning / Training Market- Description

Corporate training, otherwise called Corporate Education or more recently Workplace Learning, is an arrangement of exercises intended to educate employees. While it helps businesses, it is additionally useful for representatives as it helps them get and sharpen information and abilities to advance both professionally and personally. Corporate learning/ training is any interest in fostering the capacity of workers and the association to successfully comprehend and respond to the environment more effectively. It's not restricted to mastering position abilities, a new apparatus, or educating them on new products and programming - albeit that can be part of it. At a broad level, a culture of learning can make an association more serious, more imaginative, and more versatile.

Corporate Learning / Training has grown quickly lately to move beyond training just new hires, salesmen and pioneers. Learning and improvement experts and corporate trainers are viewed as essential accomplices who are vital to the outcome of their business. This is because associations today struggle from an abilities gap. Also, many organizations make sense of that it requires 3-5 years to take a seasoned pro and make them useful. This implies that organizations need to prepare, retrain, and together educate workers and directors to develop. As millennials assume on greater liability, organizations will expect to construct authority and communication skills at all levels and in all areas all over the planet.

 

Corporate Learning / Training Market- Key trends

·         Innovations by associations is a key trend bolstering the market

To impose applicable and altered corporate training solutions, associations are continuously and progressively taking on creative and cost-effective ways to train their employees. This element is expected to drive the market development in the approaching future. This is credited to the fact that the reception of e-learning helps in diminishing employees’ working hours and improves the comfort of support, refreshing, and putting away data effectively.

·         Advent of wearable gadgets to aid in market progression

The ascent of IoT and wearable gadgets being normal is one of the key patterns accomplishing footing in the corporate learning/training market during the following couple of years. The quick reception of advanced solutions for force e-learning is driving the development of the Internet of Things (IoT) and wearable gadgets. Wearable gadgets or applications are giving helpful and efficient solutions, to productively marking participation and observing their exhibition.

 

Corporate Learning / Training Market- Segment Analysis

Corporate Learning / Training Market based by training course

•Technical skills

•Soft skills

•Compliance

•Safety training

•Product and service training

The technical skills segment holds the largest market share among others, and expected to from further in the coming years.

 

Corporate Learning / Training Market based by training type

•Short-term professional courses

•Micro- learnings

•Professional qualifications

•Unbundled degrees

 

Corporate Learning / Training Market based by training method

•Instructor led

•Online

•Blended

 

Corporate Learning / Training Market based by deployment

•On premise

•Cloud

 

Corporate Learning / Training Market based by technology

•Learning content management systems

•Rapid web-based

•Application simulation tool

•Virtual classrooms

•Podcasts

 

Corporate Learning / Training Market based by industrial vertical

•Healthcare

•IT and Technology

The healthcare rules the global corporate learning/ training market with the highest market share, and is projected to recall its dominance throughout the forecast period.

 

Corporate Learning / Training Market based by participant designation

•Junior/ entry level

•Mid-level

•Senior level and executives

 

Global Corporate Learning / Training Market- Geographical Analysis

In terms of geographic region, the Global Corporate Learning / Training Market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Based on Regional Analysis, North America had a significant corporate learning/ training market share in 2019, and the region is expected to give a few useful learning experiences to advertise sellers during the figure time period. The presence of numerous MNCs and huge associations in the area and the surging focus of numerous MNCs and other enormous associations on widening their geological presence will essentially impact corporate learning/training market development around here.

 

Global Corporate Learning / Training Market: Recent Developments

The market is divided, with an impressive presence of worldwide and local players giving innovative and technologically progressed training solutions for keep workers of associations distinctly engaged with learning processes. The market has enrolled the section of a few new players contributing broadly to the income generation, which adds to the market potential.

Moreover, sellers giving traditional educator drove corporate training solutions are giving way to online blended and virtual instructional courses. Constant consolidations and acquisitions in the global corporate learning/ training market are one of the vital supporters of market contest. Furthermore, established players are investing hefty sums in creating and reinforcing their training contributions to ensure they accomplish higher worker maintenance and further developed recognition. Collaboration with new companies empowers established players to use benefits given by their items and upgrade their item portfolio.

 

Global Corporate Learning / Training Market: Key Companies

·         SAP SE

·         Adobe In

·         Automatic Data Processing, Inc.

·         Adrenna, Inc.

·         Articulate

·         Blatant Media Corporation

·         Cerner Corporation

·         Infor (CERTPOINT)

·         City & Guilds Group

·         CommLab India

·         Coursera, Inc

·         D2L Inc.

·         Designing Digitally, Inc

·         EI Design Pvt. Ltd.

·         Elsevier

·         G-Cube eLearning Solutions.

·         GBS Corporate Training

·         GE Healthcare

·         NIIT Ltd.

·         PeopleFluent

·         Oracle Corporation

·         Infor

·         Infopro Learning Inc.

·         HealthcareSource

·         24/7 TEAC.

 

Global Corporate Learning / Training Market: Regional Scope   

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         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 and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

 

1.Global Corporate Learning / Training Market Introduction and Market Overview

1.1.Objective of the Market Research Study

1.2.Corporate Learning / Training Market Definition & Description

1.3.Research Data Parameters & Reporting Timelines

1.3.1.Historical Data Reporting Years – 2020 to 2021

1.3.2.Projected Data Reporting Years – 2022 to 2033

1.3.3.Reporting Data Parameters – Value (US$ Million)

1.4.Global Corporate Learning / Training Market Scope and Market Estimation

1.4.1.Global Corporate Learning / Training Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2.Global Corporate Learning / Training Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5.Corporate Learning / Training Market Segmentation

1.5.1.Training Course of Global Corporate Learning / Training Market

1.5.2.Training Type of Global Corporate Learning / Training Market

1.5.3.Training Method of Global Corporate Learning / Training Market

1.5.4.Deployment of Global Corporate Learning / Training Market

1.5.5.Participant Designation of Global Corporate Learning / Training Market

1.5.6.Technology of Global Corporate Learning / Training Market

1.5.7.Industry Vertical of Global Corporate Learning / Training Market

1.5.8.Key Regions of Global Corporate Learning / Training Market

 

2.Global Corporate Learning / Training Market - Executive Summary

2.1.Global Corporate Learning / Training Market – Summary & Snapshot

2.2.Global Corporate Learning / Training Market, By Training Course (US$ Million)

2.3.Global Corporate Learning / Training Market, By Training Type (US$ Million)

2.4.Global Corporate Learning / Training Market, By Training Method (US$ Million)

2.5.Global Corporate Learning / Training Market, By Deployment (US$ Million)

2.6.Global Corporate Learning / Training Market, By Participant Designation (US$ Million)

2.7.Global Corporate Learning / Training Market, By Technology (US$ Million)

2.8.Global Corporate Learning / Training Market, By Industry Vertical (US$ Million)

2.9.Global Corporate Learning / Training Market, By Geography (US$ Million)

2.10.Global Corporate Learning / Training Market Outlook & Future Opportunities

 

3.Corporate Learning / Training Market Trends, Outlook, and Factors Analysis

3.1.Global Corporate Learning / Training Market Industry Development Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Corporate Learning / Training Market Industry Development

3.1.3.Pre & Post COVID-19 Trends and Scenarios

3.2.Corporate Learning / Training Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1.Drivers

3.2.1.1.Increasing penetration of digital media and devices is anticipated to drive the market

3.2.1.2.Reduction of training cost and time. is expected to grow the market

3.2.2.Restraints

3.2.2.1.Intrinsic freedom hampers market growth.

3.2.3.Opportunities

3.2.3.1.Surge in use of AI and machine learning in Corporate Learning / Training offers immense market expansion opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.Ecosystem/ Value Chain Analysis

3.4.Porter’s Five Forces Analysis

3.5.SWOT Analysis

3.6.PEST Analysis

3.7.Average Selling Prices and Pricing Trends Analysis of Corporate Learning / Training Market

3.8.Technological Roadmap

3.9.Key Investment Pockets of Corporate Learning / Training Market

3.9.1.By Training Course

3.9.2.By Training Type

3.9.3.By Training Method

3.9.4.By Deployment

3.9.5.By Participant Designation

3.9.6.By Technology

3.9.7.By Industry Vertical

3.9.8.By Regions

 

4.Global Corporate Learning / Training Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1.Global Corporate Learning / Training Market, 2020 – 2021 (US$ Million)

4.2.Global Corporate Learning / Training Market, By Training Course, 2020 to 2021 (US$ Million)

4.3.Global Corporate Learning / Training Market, By Training Type, 2020 to 2021 (US$ Million)

4.4.Global Corporate Learning / Training Market, By Training Method, 2020 to 2021 (US$ Million)

4.5.Global Corporate Learning / Training Market, By Deployment, 2020 to 2021 (US$ Million)

4.6.Global Corporate Learning / Training Market, By Participant Designation, 2020 to 2021 (US$ Million)

4.7.Global Corporate Learning / Training Market, By Technology, 2020 to 2021 (US$ Million)

4.8.Global Corporate Learning / Training Market, By Industry Vertical, 2020 to 2021 (US$ Million)

4.9.Global Corporate Learning / Training Market, By Region, 2020 to 2021 (US$ Million)

 

5.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Training Course

5.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Training Course, 2022 & 2033

5.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Training Course, 2022 to 2033

5.2.1.Technical Skills

5.2.2.Soft Skills

5.2.3.Compliance

5.2.4.Safety Training

5.2.5.Product and Services Training

5.2.6.Others

 

6.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Training Type

6.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Training Type, 2022 & 2033

6.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Training Type, 2022 to 2033

6.2.1.Short-term Professional Courses

6.2.2.Micro-Learnings

6.2.3.Professional Qualifications

6.2.4.Unbundled Degrees

6.2.5.Others

 

7.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Training Method

7.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Training Method, 2022 & 2033

7.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Training Method, 2022 to 2033

7.2.1.Instructor Led

7.2.2.Online

7.2.3.Blended

 

8.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Deployment

8.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Deployment, 2022 & 2033

8.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Deployment, 2022 to 2033

8.2.1.On-premise

8.2.2.Cloud

 

9.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Participant Designation

9.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Participant Designation, 2022 & 2033

9.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Participant Designation, 2022 to 2033

9.2.1.Junior / Entry Level

9.2.2.Mid-level

9.2.3.Senior-Level & Executives

 

10.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Technology

10.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Technology, 2022 & 2033

10.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Technology, 2022 to 2033

10.2.1.Learning Content Management System

10.2.2.Rapid Web-based

10.2.3.Application Simulation Tool

10.2.4.Virtual Classrooms

10.2.5.Podcasts

10.2.6.Others

 

11.Global Corporate Learning / Training Market Estimates & Forecast Trend Analysis, by Industry Vertical

11.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Industry Vertical, 2022 & 2033

11.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Industry Vertical, 2022 to 2033

11.2.1.Healthcare

11.2.2.IT & Technology

11.2.3.Others

 

12.Global Corporate Learning / Training Market Analysis and Forecast, by Region

12.1.Global Corporate Learning / Training Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

12.2.Global Corporate Learning / Training Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

12.2.1.North America

12.2.2.Europe

12.2.3.Asia Pacific

12.2.4.Middle East and Africa

12.2.5.Latin America

 

13.North America Corporate Learning / Training Market: Estimates & Forecast Trend Analysis

13.1.North America Corporate Learning / Training Market Assessments & Key Findings

13.2.North America Corporate Learning / Training Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3.North America Corporate Learning / Training Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1.By Training Course

13.3.2.By Training Type

13.3.3.By Training Method

13.3.4.By Deployment

13.3.5.By Participant Designation

13.3.6.By Technology

13.3.7.By Industry Vertical

13.3.8.By Major Country

13.3.8.1.The U.S.

13.3.8.2.Canada

 

14.Europe Corporate Learning / Training Market: Estimates & Forecast Trend Analysis

14.1.Europe Corporate Learning / Training Market Assessments & Key Findings

14.2.Europe Corporate Learning / Training Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3.Europe Corporate Learning / Training Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

14.3.1.By Training Course

14.3.2.By Training Type

14.3.3.By Training Method

14.3.4.By Deployment

14.3.5.By Participant Designation

14.3.6.By Technology

14.3.7.By Industry Vertical

14.3.8.By Major Country

14.3.8.1.Germany

14.3.8.2.The U.K.

14.3.8.3.France

14.3.8.4.Italy

14.3.8.5.Spain

14.3.8.6.Rest of Europe (includes all other European countries)

 

15.Asia Pacific Corporate Learning / Training Market: Estimates & Forecast Trend Analysis

15.1.Asia Pacific Corporate Learning / Training Market Assessments & Key Findings

15.2.Asia Pacific Corporate Learning / Training Market Share (%) Estimates and Forecasts, 2022 & 2033

15.3.Asia Pacific Corporate Learning / Training Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

15.3.1.By Training Course

15.3.2.By Training Type

15.3.3.By Training Method

15.3.4.By Deployment

15.3.5.By Participant Designation

15.3.6.By Technology

15.3.7.By Industry Vertical

15.3.8.By Major Country

15.3.8.1.China

15.3.8.2.Japan

15.3.8.3.India

15.3.8.4.ASEAN

15.3.8.5.South Korea

15.3.8.6.Rest of Asia Pacific (includes all other Asia Pacific countries)

 

16.Middle East & Africa Corporate Learning / Training Market: Estimates & Forecast Trend Analysis

16.1.Middle East & Africa Corporate Learning / Training Market Assessments & Key Findings

16.2.Middle East & Africa Corporate Learning / Training Market Share (%) Estimates and Forecasts, 2022 & 2033

16.3.Middle East & Africa Corporate Learning / Training Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

16.3.1.By Training Course

16.3.2.By Training Type

16.3.3.By Training Method

16.3.4.By Deployment

16.3.5.By Participant Designation

16.3.6.By Technology

16.3.7.By Industry Vertical

16.3.8.By Major Country

16.3.8.1.GCC

16.3.8.2.South Africa

16.3.8.3.Egypt

16.3.8.4.Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

17.Latin America Corporate Learning / Training Market: Estimates & Forecast Trend Analysis

17.1.Latin America Market Assessments & Key Findings

17.2.Latin America Corporate Learning / Training Market Share (%) Estimates and Forecasts, 2022 & 2033

17.3.Latin America Corporate Learning / Training Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

17.3.1.By Training Course

17.3.2.By Training Type

17.3.3.By Training Method

17.3.4.By Deployment

17.3.5.By Participant Designation

17.3.6.By Technology

17.3.7.By Industry Vertical

17.3.8.By Major Country

17.3.8.1.Brazil

17.3.8.2.Mexico

17.3.8.3.Rest of Latin America (includes all other Latin America countries)

 

18.Competitive Landscape

18.1.Corporate Learning / Training Market Revenue Share Analysis (%), by Major Players (2021)

18.2.Corporate Learning / Training Market Competition Matrix, by Leading Players

18.3.Corporate Learning / Training List of Emerging, Prominent and Leading Players

18.4.Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

19.Company Profiles

19.1.SAP SE

19.1.1.Company Overview & Insights

19.1.2.Financial Performance

19.1.3.Product / Service Portfolio

19.1.4.Geographical Footprint & Share

19.1.5.Strategic Initiatives & Key Developments

 

*Similar details would be provided for all the players mentioned below

19.2.Adobe Inc

19.3.Automatic Data Processing, Inc

19.4.Adrenna, Inc

19.5.Articulate

19.6.Blatant Media Corporation

19.7.Cerner Corporation

19.8.Infor (CERTPOINT)

19.9.City & Guilds Group

19.10.CommLab India

19.11.Coursera, Inc

19.12.D2L Inc.

19.13.Designing Digitally, Inc

19.14.EI Design Pvt Ltd

19.15.Elsevier

19.16.G-Cube eLearning Solutions.

19.17.GBS Corporate Training

19.18.GE Healthcare

19.19.24/7 TEACH

19.20.GeoMetrix Data Systems Inc.

19.21.GP Strategies Corporation

19.22.HealthcareSource

19.23.HealthStream

19.24.International Business Machines Corporation

19.25.Infopro Learning Inc.

19.26.Infor

19.27.Koninklijke Philips NV

19.28.PeopleFluent

19.29.NIIT Ltd

19.30.Oracle Corporation

19.31.Siemens Healthineers

19.32.Skillsoft Ltd.

19.33.Tesseract Learning Pvt. Ltd

19.34.Trivantis Corporation

19.35.Others

 

20.Assumptions and Research Methodology

20.1.Data Mining

20.2.Secondary Research

20.3.Primary Research

20.4.Subject Matter Expert Advice

20.5.Quality Check

20.6.Final Review

20.7.Data Triangulation

20.8.Bottom-Up Approach

20.9.Top Down Approach

20.10.Research Flow

20.11.Key Insights from Industry Experts

20.12.Data Sources

20.13.Assumptions

20.14.Limitations

 

21.Conclusions and Recommendations

21.1.Key Research Findings and Conclusion

21.2.Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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