IT Training Service Market: - An Overview
Information Technology (IT) training services or to the skills necessary for performing information technology operations. These skills are related to the development, organizing, implementation, design and management of computer-based systems. The continuous innovations in technologies and increasing adoption of technologies like AI and ML has increased the demand for IT training services.
These services enable organizations to carry out their operations in an efficient manner. These services help ensure organization to meet the requirements of leading industry standards. With increased focus on automating business operation and simplifying organization functions, the demand for IT and Software services has increased in the last few years.
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Impact of COVID-19 Pandemic Outbreak on IT Training Service Market
Coronavirus pandemic 2019, is one of the world’s largest pandemic faced during the first quarter of 2020. The workforce is more distributed than ever due to the COVID-19 pandemic. The pandemic has forced governments to impose lockdowns across the globe. Various countries are trying to develop cutting-edge technologies by assembling all the resources to mitigate the effects of COVID-19 and report people at risk. In this scenario, IT trained professional’s plays a crucial role to help organizations to make their employees work remotely without any distribution their business processes.
Prior to the Covid-19 outbreak, IT training service market was expected to grow with the steady rate. Historically, the market for IT training has grown with significant growth rate of around 8% CAGR in the past 5 years. However, despite Covid-19 outbreak, the market has shown significant growth by nearly 3%-5% increase in Q1-Q2 2020 and is projected to show rapid growth in the coming quarters of 2020.
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IT Training Service Market: - Market Dynamics
Increasing Adoption of Advance Technologies in IT Infrastructure
The rapid advancement of technology greatly affects many industries, including the training and development industry. With business technology rapidly advancing, companies stand to gain a competitive edge if they can stay current on IT trends that drive efficiencies. Organizations are continuously adopting advanced technologies like gigabit Wi-Fi, Industry 4.0, hyperconverged infrastructure systems, container technology and among others to stay competitive among others. Due to the costs involved, user training and systems support are extremely essential. Thus, to ensure business continuity organizations are making their IT staff employees more knowledgeable and adhering advanced IT training services.
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IT Training Service Market: - Key Players
Key players in the IT training service market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering advanced IT training service solution and services to help enterprises to allow their employees works remotely. The major players offering IT training service solutions include Corpex, Avent Academy, ExecuTrain, ExitCertified, GP Strategies, IBM, LearnQuest, Oracle, and among others.
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IT Training Service Market: - Segmentation
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IT Training Service Market- Report Highlights:
- A detailed overview of parent market of IT training service market
- Changing IT training service market dynamics in the industry
- In-depth segmentation of the IT training service market
- Historical, current, and projected IT training service market size by value
- Recent industry trends and developments in IT training service market
- Competitive landscape of the IT training service market
- Strategies for key players in IT training service and solutions and services offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on IT training service market performance
- Must-have information for IT training service market players to sustain and enhance their market footprint