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Corporate Training Market in Latin America- Post Pandemic Recovery Plan Strategies and Processes | Increased Need for Employee Skill Enhancement to Boost Market Growth | TechnavioThe corporate training market in Latin America is expected to grow by USD 3.18 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters - with a limited impact on the full-year economic growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200923005596/en/ 
Technavio has announced its latest market research report titled Corporate Training Market in Latin America 2020-2024 (Graphic: Business Wire). Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts Evolving industrial tools and changing consumer requirements have created a need for improving skills in employees. Also, changing market dynamics are compelling organizations to effectively manage their workforce to achieve optimum productivity and remain competitive in the market. Hence, many companies are focusing on enhancing the skills of their employees on various aspects such as leadership, effective hiring, time management, and teamwork to make them competent in various cross-functional roles. This is increasing the demand for corporate training services, which is driving the growth of the market. To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44986 As per Technavio, the expansion of SMBs and government emphasis on workforce skill enhancement will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. Corporate Training Market in Latin America: Expansion of SMBs and Increasing Government Emphasis on Workforce Skill Enhancement Over the years, governing bodies across the world have adopted various initiatives to support the growth of SMBs. This trend is gaining traction in developing countries such as Brazil and Mexico. For instance, the Government of Mexico is focusing on changing the country's labor law to enhance the productivity of individual workers. In 2013, the country reformed the country's labor law and mandated employers to create, maintain, and update the skill sets of their workforce. Also, the newly published Mexico rules mandate employers to develop skills-upgrade plans as a part of routine workforce training. Such mandates are positively influencing the growth of the corporate training market in Latin America. "The emergence of gamification in corporate training and the demand for cost-effective e-learning training modules will further boost market growth during the forecast period," says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Corporate Training Market in Latin America: Segmentation Analysis This market research report segments the corporate training market in Latin America by Product (Technical training and Non-technical training), Application (Large enterprise, Medium enterprise, and Small enterprise), and Geography (Brazil, Argentina, and Mexico). The technical training segment led the corporate training market in Latin America in 2019. During the forecast period, the technical training segment is expected to register the highest incremental growth due to the rising need for skill enhancement in a world of evolving technologies. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Some of the key topics covered in the report include: Market Drivers Market Challenges Market Trends Vendor Landscape
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200923005596/en/ |
