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Rapid industrial growth in developing regions such as APAC has been crucial in attracting investments by global companies. The expansion of business activities by global organizations in such regions has created the need to train employees on a broad range of skills, including business and management skills. Also, organizations often face language barriers in regions with weak English communication skills. This is driving organizations to adopt m-learning and other learning methods at the enterprise level, which is positively influencing the growth of the cross-cultural training market in APAC.
The market is expected to be driven by factors such as the rise in expatriate assignments and the growing emphasis on virtual training.
The report also offers information on the upcoming trends and challenges that will influence market growth.
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Cross-Cultural Training Market: Opportunities
The banking and capital market sector is observing rapid growth in the Middle East. This has created a huge skills gap. Besides, most of the organizations operating in the region prefer to hire candidates from other countries such as India and Sri Lanka. Companies in this region also provide their employees with cross-culture courses to make them professionally on par with other regions in the world. With the growth of manufacturing, oil and gas, and other product-based industries in the region, the demand for cross-cultural training courses will increase during the forecast period, thereby creating growth opportunities for vendors.
Cross-Cultural Training Market: Segmentation by Deployment
Based on the segmentation by deployment, the market generated maximum revenue in the workshop segment in 2019. The segment is driven by the benefits of the workshop model such as real-time feedback of sessions and customization options. In addition, the increasing preference for workshop models over online models among organizations will contribute to the growth of the segment during the forecast period.
Cross-Cultural Training Market: Segmentation by Geography
North America held the largest market share in 2019 and the market growth in the region is expected to be slower compared to the growth of the market in other regions. The growth of the market in North America can be attributed to the presence of many MNCs and large organizations. In addition, the expansion of business by North American companies in low-cost countries will contribute to the growth of the cross-cultural training market during the forecast period.
One of the fortune 500 companies had used the detailed research report on the cross-cultural training market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.
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Cross-Cultural Training Market: Major Vendors
Babel Language Consulting Ltd.
The company offers cross-cultural training courses such as Master Classes and short Learning Bites, using Model of Culture.
Commisceo Global Consulting Ltd.
The company offers ready-to-go cross-cultural training courses through LMS, culture-based skill development courses, and cultural training on doing business with or in specific countries.
Cross Cultural Consulting
The company offers intercultural skills development and intercultural orientation programs. The company also offers training courses such as practice implementing the modified style and cultural awareness.
Global Integration Inc.
The company offers cross-cultural training programs to enhance the effectiveness of international meetings, decision-making abilities, and improving communications with international stakeholders.
Learnlight Software SLU
The company offers cross-cultural training courses such as Doing Business in China and Doing Business in France. The company also offers specialized language training programs that can be customized with content related to specific department, job, or industry.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the cross-cultural training market report:
Regional Analysis
- Further breakdown of the market segmentation at requested regions.
Market Player Information
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
- Know the strategies adopted by vendors during the COVID-19 Recovery Phase.
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Related Reports on Cross-Cultural Training Market:
Global Soft Skills Training Market – Global soft skills training market is segmented by end-user (corporate and academic) and geography (APAC, Europe, MEA, North America, and South America).
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Global Programming Language Training Market – Global programming language training market is segmented by product (online, classroom, and boot camp), end-user (corporate and academic), and geography (North America, APAC, Europe, South America, and MEA).
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English Language Training Market in China – English language training market in China is segmented by end-user (institutional learners and individual learners) and learning method (classroom-based, online, and blended).
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Global Business English Language Training Market – Global business English language training market is segmented by end-user (institutional learners and individual learners), learning method (blended learning and online learning), and geography (APAC, North America, Europe, South America, and MEA).
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Global Corporate Training Market – Global corporate training market is segmented by product (technical training and non-technical training) and geography (APAC, Europe, MEA, North America, and South America).
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Workshop - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Babel Language Consulting Ltd.
- Commisceo Global Consulting Ltd.
- Coursera Inc.
- Cross Cultural Consulting
- Global Integration Inc.
- GROVEWELL LLC
- Learnlight Software SLU
- Pearson Plc
- The London School of English and Foreign Languages Ltd.
- Udemy Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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