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AI Redefining Corporate Training Market, Projected USD 60.4 Billion Growth (2024-2028) Driven by Cost-Effective E Learning – Technavio Report

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global corporate training market size is estimated to grow by USD 60.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.54% during the forecast period. Emergence of cost-effective e-learning training modules is driving market growth, with a trend towards emergence of iot and wearable devices. However, technical constraints to implementing corporate training poses a challenge. Key market players include Adobe Inc., Articulate Global Inc., Blanchard Training and Development Inc., BTS Group AB, Cegos Group, Cisco Systems Inc., City and Guilds Group, D2L Inc, DEMOS, Development Dimensions International Inc., Educomp Solutions Ltd., Franklin Covey Co., John Wiley and Sons Inc., Korn Ferry, Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Richardson Sales Performance, Simplilearn, and Skillsoft Corp..

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Corporate Training Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.54%

Market growth 2024-2028

USD 60399.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.49

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 49%

Key countries

US, UK, Germany, Canada, and China

Key companies profiled

Adobe Inc., Articulate Global Inc., Blanchard Training and Development Inc., BTS Group AB, Cegos Group, Cisco Systems Inc., City and Guilds Group, D2L Inc, DEMOS, Development Dimensions International Inc., Educomp Solutions Ltd., Franklin Covey Co., John Wiley and Sons Inc., Korn Ferry, Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Richardson Sales Performance, Simplilearn, and Skillsoft Corp.

Market Driver

The corporate training market has witnessed significant growth due to the integration of Internet of Things (IoT) and wearable devices. These technologies have become increasingly popular for implementing e-learning solutions in businesses. Wearable devices, such as smart glasses and smartwatches, offer convenience and time savings for trainers. In collaboration with educational technologies like augmented reality (AR) and virtual reality (VR), these devices can create accurate, multidimensional simulations for training and development. The IoT concept holds immense potential for various industries, including healthcare, manufacturing, ITeS, and more. Wearable devices, such as clip-on cameras, AR glasses, and VR headsets, provide training experiences. For instance, VR glasses can be used for onboarding, company tours, fire hazard training, and team projects. Clip-on cameras record interactions for feedback purposes. The emergence of IoT and wearable devices is expected to drive the growth of the global corporate training market. 

The Corporate Training Market is thriving with trends like Chatbots and Virtual Assistants enhancing learning experiences. Continuous measurement and feedback ensure Quality Training aligns with Employee Skills, boosting Productivity and Efficiency. A Continuous Learning Culture fosters high Employee Morale, reducing Turnover Rates. FMCG, Pharmaceutical & Healthcare, Financial Services, Professional Services, Public Enterprises, IT, and more embrace Training for Rapid Innovation and Adaptation. Learning Management Systems on Mobile Devices and e-Learning enable Remote Work and Upskilling/Reskilling. Soft Skills, Diversity Initiatives, and Workplace Learning through Learning Activities contribute to Employee Performance and Business Goals. Virtual Training Methods, like Technical Training, cater to various Industries, including FMCG, Pharma, and IT. 

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Market Challenges

Corporate training solutions play a crucial role in enhancing the skills and knowledge of employees in various organizations. However, customization and integration are two significant challenges in implementing these solutions. Customization helps cater to specific end-user requirements, reducing time and complexity. However, it increases the operating cost, especially for small-scale companies. Integration with existing business applications is essential to maximize the potential of e-learning and streamline business processes. However, the integration of SaaS-based corporate training solutions with other software can be complex due to differing technology stacks. This lack of integration can lead to inefficiencies and decreased user interest, negatively impacting the global corporate training market. Corporate training vendors must provide technical support to help companies overcome these challenges and ensure successful implementation.The corporate training market is essential for upskilling and reskilling employees to meet business goals in today’s knowledge-based economy. Challenges include remote work, soft skills development, diversity initiatives, and workplace learning. Employees’ performance and retention depend on continuous learning and development. However, budget constraints, economic uncertainty, and time constraints pose challenges. Training methods, including virtual training, must be adaptable to meet organizational requirements. Digital transformation and technological adoption require digital skills, literacy, and specialized training programs. Training providers must offer personalized learning activities to engage employees and ensure satisfaction. Data analytics can help tailor training programs to individual needs. Adapting to digital tools, automation, and artificial intelligence is crucial for an adaptable workforce and sustainable growth. Overall, the corporate training market is key to building a competitive and successful business.

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Segment Overview 

This corporate training market report extensively covers market segmentation by

Product 1.1 Technical training1.2 Non-technical trainingType 2.1 Blended2.2 E-learningGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Technical training- The corporate training market is a significant sector, providing businesses with essential skills development for their workforce. Companies invest in various training programs to enhance employee productivity and performance. These programs cover areas like communication, leadership, technical skills, and compliance. Training methods include in-person sessions, e-learning, and blended models. The market is continuously evolving, with technology playing a crucial role in delivering effective and efficient training solutions.

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Research Analysis

The Corporate Training Market is a dynamic and evolving industry focused on upskilling and reskilling employees to meet business goals in today’s knowledge-based economy. Remote work and virtual training methods have become increasingly popular, enabling continuous learning and development of soft skills, technical skills, and diversity initiatives. Workplace learning through various learning activities is essential for employee performance, retention, and adapting to changing business environments. Industries like Pharmaceutical and Healthcare, Financial Services, Professional Services, Public Enterprises, and Information Technology are significant consumers of corporate training. Learning Management Systems and mobile devices facilitate e-learning, making training more accessible and efficient. The focus on continuous learning and development is crucial for businesses to remain competitive and adapt to technological advancements.

Market Research Overview

The Corporate Training Market is a dynamic and evolving industry focused on upskilling and reskilling employees to meet the demands of a knowledge-based economy. With the shift to remote work and the increasing importance of soft skills, workplace learning has become a priority for businesses aiming for sustainable growth and competitiveness. Learning activities encompass a range of methods, including virtual training, continuous learning, and specialized programs, to develop the skills and competencies required for digital transformation and technological adoption. Employees are the backbone of every organization, and their performance and retention are crucial to business goals. Training providers offer various methods to cater to organizational requirements and budget constraints, including virtual training, mobile devices, and e-learning. Digital tools such as learning management systems, chatbots, and virtual assistants facilitate personalized and continuous measurement, feedback, and quality training. In today’s rapidly innovating world, industries such as FMCG, Pharmaceutical and Healthcare, Financial Services, Professional Services, Public Enterprises, and Information Technology rely on continuous learning cultures to adapt to economic uncertainty and financial constraints. Digital literacy and skills, including those related to automation, artificial intelligence, and data analytics, are essential for an adaptable workforce. Training methods must cater to various organizational requirements and employee constraints, such as time, work schedules, and engagement levels. Continuous measurement, feedback, and personalization are crucial for employee satisfaction and morale, which in turn impact turnover rates. Ultimately, the goal is to create a culture of continuous learning that fosters productivity, efficiency, and a high-performing workforce.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductTechnical TrainingNon-technical TrainingTypeBlendedE-learningGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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APEC 2026 Host City Promotional Video Shenzhen: Where the Future Takes Shape Released Worldwide

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SHENZHEN, China, Nov. 14, 2026 /CNW/ — Shenzhen: Where the Future Takes Shape, the official promotional video for the host city of the 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, was released worldwide on November 15, as APEC Economic Leaders’ Week got underway in Shenzhen.

Presented by the Publicity Department of the CPC Shenzhen Municipal Committee and produced by Shenzhen Media Group, the video takes “Where the Future Takes Shape” as its central theme.

It brings together Shenzhen’s pioneering reforms, its achievements in building a modern, people-centered city, and the theme of 2026 APEC “China Year,” “Building an Asia-Pacific Community to Prosper Together.” Through the story of Shenzhen, the video offers international audiences a vivid look at Chinese modernization in practice, while extending a warm welcome to guests from across the Asia-Pacific and beyond. It also reflects the host city’s commitment to openness and its vision of working with regional partners to create a better future.

Shenzhen itself takes center stage in the video. Through six dimensions — innovative, livable, beautiful, resilient, culturally advanced, and smart — the production captures the city’s character during this landmark year and showcases its vitality and appeal to audiences worldwide.

The Chinese- and English-language versions premiered simultaneously across Shenzhen Media Group’s platforms, including Shenzhen TV’s 4K Ultra HD channel, its international channel, and the international social media network of “Shenzhen Channel”.

Featuring more than 260 shots, 99% of them newly filmed in 2026, this six-minute film brings Shenzhen to life–from cutting-edge innovation and vibrant urban spaces to stunning natural landscapes and cultural diversity.

Discover a city where the future is already taking shape, and where people from across the Asia-Pacific are invited to come together, share opportunities, and build a brighter, more prosperous future.

At this moment, Shenzhen is at its best.

As the video’s closing narration declares:

In 2026, the world gathers in Shenzhen to write a new chapter in building an Asia-Pacific Community to prosper together.

Gather in Shenzhen.

Witness miracles.

Together, let’s create a brighter future!

View original content to download multimedia:https://www.prnewswire.com/news-releases/apec-2026-host-city-promotional-video-shenzhen-where-the-future-takes-shape-released-worldwide-302939610.html

SOURCE Shenzhen Media Group

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IP GUANGDONG debuts at the Media Center of APEC Economic Leaders’ Week

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GUANGZHOU, China, Nov. 15, 2026 /PRNewswire/ — This is a news report from South.

The media center for the 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week opened on November 11 in the host city of Shenzhen, Guangdong Province, southern China.

Located in Hall 2 of the Shenzhen Convention and Exhibition Center in Futian District, the APEC media center spans around 15,000 square meters. It will offer services including meeting updates, radio and television broadcast feeds, press briefings, and smart news gathering and production tools for nearly 5000 Chinese and international journalists.

IP GUANGDONG, a community open to anyone who wants to share Guangdong’s stories with the world, has set up a themed space called “A Home for Asia-Pacific Friends” at the APEC media center. The space offers Chinese and international journalists a friendly, homelike atmosphere and has been a popular photo spot since opening day.

What unique experiences does IP GUANGDONG offer at the APEC media center? Here is a first look.

Bringing Guangdong’s hospitality to the front lines of reporting

Openness, innovation and cooperation are the three priorities for the APEC China 2026, and they also reflect Guangdong’s approach to welcoming guests. Through “A Home for Asia-Pacific Friends,” IP GUANGDONG is using the occasion to build friendships and offer thoughtful, welcoming services to journalists from around the world. Reporters coming to Shenzhen may be unfamiliar with the city, find it hard to source material, have little space to film on camera or lack equipment, so IP GUANGDONG has set up a range of support services in the themed space.

IP GUANGDONG is a shared platform for Guangdong’s international image, and its library holds more than 50,000 high-quality images and videos from and about the province. Its “Visual Content Station,” located within the themed space, allows Chinese and international journalists to quickly purchase and license high-quality images and footage of Guangdong, providing a one-stop solution to difficulties in sourcing content and uncertainty over usage rights.

In the age of new media, news production moves at almost lightning speed. With a Pocket camera in one hand and a microphone in the other, a single reporter can gather and edit news right at the scene.

To support this way of working, IP GUANGDONG has teamed up with its partner DJI to set up a dedicated DJI service station, where Chinese and international journalists can borrow Osmo Pocket 4 cameras. Reporters can register on site with valid media credentials and borrow a camera for their reporting. During breaks, they can also capture the beauty and variety of Shenzhen, sharing their images with the world through IP GUANGDONG.

Discovering and sharing stories behind Guangdong products

Guangdong goods have continued to attract attention online and offline this year. Their global reach is underpinned not only by Guangdong’s strength in smart manufacturing, but also by the cultural appeal embedded in its products. Every Guangdong product has a story worth telling. Drawing on this rich source of news stories, IP GUANGDONG has teamed up with its partners to display a diverse selection of finely crafted Guangdong products at the themed space’s service counter, giving journalists a place to discover local creations and find inspiration.

Reflecting the current boom in designer collectible toys, IP GUANGDONG is showcasing a range of representative designer toy brands and characters from Guangdong. Highlights include dolls featuring Xiyangyang and Lerongrong, the mascots of the 15th National Games, who have just turned two. Also on display are 3D metal puzzles from Piececool and original characters Laura and the panda Mr. PA from ToyCity. Both companies behind these two brands are based in Dongguan, known as China’s designer toy capital. Also featured are Guangdong’s “three teas”: Yingde black tea, Chaozhou Dancong tea and Zijin cicada tea. Rich in positive symbolism, they offer a vivid introduction to Lingnan culture.

By introducing the products on display in this compact showcase, IP GUANGDONG will work with visiting journalists to explore the stories behind them and share with the world the message that “Guangdong products make the world better.”

Exploring Guangdong without leaving the venue

The IP GUANGDONG themed space also invites visitors to enjoy interactive experiences. Between assignments, journalists can relax and take away their own memories of Guangdong from the APEC China 2026.

At the center of the space, IP GUANGDONG has installed a photo booth where journalists can create personalized postcards featuring Guangdong’s landmarks and scenery. Visitors simply step inside, have their photo taken and choose their favorite Guangdong backdrop. Their custom postcard is generated on the spot, taking them on a virtual tour of the province without leaving the venue.

All 16 landmark images were captured by IP GUANGDONG creators. They include Zhao Junhui’s photograph of the Shenzhen International Exchange Center, the main APEC meeting venue; Liu Shihui’s image of Danxiashan in Shaoguan; Luo Jinping’s view of the “Sea of Pineapples” in Zhanjiang; and Qiu Xuqing’s photograph of the Zhongshan Memorial Pavilion in Shantou Small Park. Each image reveals a different facet of Lingnan’s beauty and reflects the platform’s vision: “Everyone creates, everyone showcases, everyone shares.”

IP GUANGDONG has also prepared 2,000 surprise gift bags for Chinese and international journalists. The bags contain Guangdong specialty snacks, everyday essentials, small cultural and creative gifts, and postcards from the “Snacks of Guangdong” series illustrated by guest contributor XiaoLin Comics. These gifts bring an element of surprise and fun to journalists’ day.

A space to connect: Say “Hello, friend!”

The APEC media center is both a place for Chinese and international journalists to work efficiently and a setting for face-to-face conversation and for sharing observations and experiences. The IP GUANGDONG themed space includes a dedicated area for interviews, discussions and cultural exchanges.

As visitors enter, they are greeted by the words “Hello, friend!” in 12 major languages used across APEC member economies.

On the columns flanking the space, IP GUANGDONG and Chinese tech brand HONOR present “Home Through the Lenses of Asia-Pacific Creators,” a collection of photographs created collaboratively by contributors from around the world. Images from across the Asia-Pacific are displayed alongside scenes of Lingnan, bringing different cultures into conversation through photography.

On the way from the work area to the dining area, journalists can enjoy a calming visual interlude at “Asia-Pacific Perspectives: Impressions of Guangdong,” an illustration exhibition jointly produced by IP GUANGDONG and China Daily. It features 40 selected works by illustrators from APEC member economies, including China, the US, Russia, Japan, Singapore and Indonesia. Guangdong’s streets and lanes, natural landscapes and the warmth of the Asia-Pacific family come to life in their illustrations. Journalists are invited to slow down, glimpse one another’s lives in familiar scenes, unwind and feel a little closer.

Don’t miss out! It’s giveaway time!

How to claim your IP GUANGDONG surprise gift bag

Dates and times: November 11–19, 9:30 a.m.–12:30 p.m. and 2:00–6:00 p.m.

How to claim: Scan the QR codes to follow IP GUANGDONG’s WeChat Official Account and WeChat Channels account. Then scan the registration QR code to join the platform and upload your first snapshot to receive a surprise gift bag.

Availability: Limited to 200 bags per day, on a first-come, first-served basis.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ip-guangdong-debuts-at-the-media-center-of-apec-economic-leaders-week-302939601.html

SOURCE South

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The First Cartridge-Free Smart Waterless Diffuser Is Here. What Would You Fill It With?

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Lephrone set out to solve a frustration for customers who want smart control over their home fragrance and the freedom to choose their own oils. The H300 is the first waterless diffuser to combine cartridge-free refills, Wi-Fi app control, smart home integration, and an in-app fragrance oil library with scanning and personal notes. Customers can use their favorite compatible oils, create their own blends, and use the app to set a scenting schedule and track how much oil is left.

NEW YORK, Nov. 14, 2026 /PRNewswire-PRWeb/ — “There are thousands of fragrance oils out there, so why lock yourself into just one brand?” said a Lephrone developer.

“Lephrone took the best of the diffuser world and left the worst behind.”

We wanted to make a device for people who need a ritual to unwind and want more control over their surroundings. There’s a whole world of sensory experiences out there, and our goal was to bring the way you manage scent at home into the digital world.

With the H300 lephrone diffuser, we kept what we liked about smart cartridge-based diffusers: Wi-Fi connectivity, lephrone app, voice control, and the ability to recognize oils and track how much is left. We made sure it supports both 2.4 GHz and 5 GHz Wi-Fi. We also did away with what frustrated us most: never-ending subscriptions, cartridges that run out too quickly, and limits on which oils you can use. With the H300, you get to choose the oils you want and create blends you love.

We also added support for multiple users and multiple diffusers, so everyone in the household can control the devices and set schedules. The H300 can run even when it’s offline.

We’re releasing our own fragrances, too. In the app, you can scan them into your personal fragrance library and write down how a scent made you feel, whether you liked it, and what others at home thought of it. That matters because after trying a few oils, it’s easy to forget which one you loved most or which one everyone else kept asking for.

We’re rolling this out to more Lephrone models next. Stay tuned.

Media Contact

Elina, Lephrone, 1 6463844148, info@lephrone.com, Lephrone

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SOURCE Lephrone

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