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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 organization's training efforts; and (4) adding business value and a competitive advantage.
Scope of the Report:
The industry is relatively fragment, the key brand include 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.
The global Corporate Compliance Training market is valued at 5932.4 million USD in 2018 and is expected to reach 10190 million USD by the end of 2024, growing at a CAGR of 11.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Corporate Compliance Training.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Corporate Compliance Training market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Corporate Compliance Training market by product type and applications/end industries.
Market Segment by Companies, this report covers
- Skillsoft
- Blackboard
- GP Strategies
- SAI Global
- Cornerstone
- Saba
- NAVEX Global
- City&Guilds Kineo
- CrossKnowledge
- LRN
- 360training
- Interactive Services
- GlobalCompliancePanel
- EI Design
- LSA Global
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Blended
- Online
Market Segment by Applications, can be divided into
- Information Security Training
- Regulatory Compliance Training
- Sexual Harassment Training
- CoC and Ethics Training
- Cyber Security Training
- Diversity Training
- Other Compliance Training