TECH SUPPLIER Jan 2020 - Market Perspective - Doc # EUR145789419
Technology Training — A Critical Factor for European Enterprises
This IDC Market Perspective analyzes market data for the growing training services market. It discusses the drivers behind its growth and provides guidance for technology and training providers within IT training services and elearning in Western Europe.
Managing skills present and needed in an organization will be vital for organizations moving forward, and the mechanisms behind skills development, employee experience development, and skills retainment are essential for agile and innovative organizations. The market for training in Western Europe is $7.8 billion in 2019 and is growing with 7.9%. Technology providers will need to develop training strategies for themselves, their partner networks, and their customers to manage the shortage of skills and experience in new technologies.
"In the next four years, spending on training and employee experience will grow significantly as organizations realize that skills have become a main asset for service providers. New technologies have come with significant promises on return on investment, but lack of skills and experience turn up as a main inhibitor for larger-scale deployment," said Martin Sundblad, research manager at IDC.
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