Compliance training refers to the process of educating employees on laws, regulations and company policies that apply to their day-to-day job responsibilities.
An organization that engages in compliance training typically hopes to accomplish several goals:
1 avoiding and detecting violations by employees that could lead to legal liability for the organization;
2 creating a more hospitable and respectful workplace;
3 laying the groundwork for a partial or complete defense in the event that employee wrongdoing occurs despite the organizations training efforts; and
4 adding business value and competitive advantage.
The industry is relatively fragmented, the key brand includes Skillsoft, Blackboard, GP Strategies, SAI Global, Cornerstone, Saba, NAVEX Global, City&Guilds Kineo, CrossKnowledge, LRN, 360training, Interactive Services, GlobalCompliancePanel, EI Design, LSA Global and so on.
In terms of geography, North America accounted for the majority market share of 54% during 2017 and will continue to dominate the market during the forecasted period. The market is experiencing a high growth rate in the region due to the availability of technology-enabled corporate training and delivery methods, compliance training through mobile devices using synchronous and asynchronous methods, and videos, games, and simulated content besides the textual format. Furthermore, the increasing preference for custom-built compliance training solutions due to the changing regulations will also fuel the markets growth prospects.
The recent high-profile reports of sexual harassment in the workplace have prompted a surge in training courses, which makes sexual harassment training experiencing a highest growth rate.
According to this study, over the next five years the Corporate Compliance Training market will register a 12.4% CAGR in terms of revenue, the global market size will reach US$ 10110 million by 2024, from US$ 5640.1 million in 2019. In particular, this report presents the global revenue market share of key companies in the Corporate Compliance Training business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Corporate Compliance Training market by product type, application, key companies, and key regions.
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This study considers the Corporate Compliance Training value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Blended
Online
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Information Security Training
Regulatory Compliance Training
Sexual Harassment Training
CoC and Ethics Training
Cyber Security Training
Diversity Training
Other Compliance Training
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Skillsoft
Blackboard
GP Strategies
SAI Global
Cornerstone
Saba
NAVEX Global
City&Guilds Kineo
CrossKnowledge
LRN
360training
Interactive Services
GlobalCompliancePanel
EI Design
LSA Global
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Corporate Compliance Training market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Corporate Compliance Training market by identifying its various subsegments.
Focuses on the key global Corporate Compliance Training players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Corporate Compliance Training with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the size of Corporate Compliance Training submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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