IDC Predicts Five-Year Forecast for the Worldwide IT Education and Training Market: A Brighter Outlook
FRAMINGHAM, Mass., June 29, 1999 – Despite a fairly sluggish 1998 for the IT training market, International Data Corporation (IDC) expects to see stronger growth in the next five years. The market is expected to experience a global growth rate of approximately 11%, rising from $16.5 billion in 1998 and surpassing $27.8 billion by 2003. IDC predicts the most aggressive growth rate will be in the rest of world (ROW) and Asia/Pacific regional markets, in which the compound annual growth rates (CAGRs) will reach 21.7% and 15.9%, respectively.
"As in the United States, nearly all regional markets saw a decline in growth in 1998. This trend can be attributed to increased competition among service providers, currency fluctuation, and appreciation of the U.S. dollar. Rest of world markets, however, saw an acceleration of growth as companies increasingly embraced the value of investing in the technical skills of their employees," said Colleen Shutrump, senior analyst with IDC's IT Education and Training Services research program. As defined by IDC, ROW includes the Caribbean states, Eastern Europe and Russia, the Middle East, and Africa.
"Another trend worth watching is the possible move of training dollars to other budget areas such as consulting or systems integration. As evidenced by the phenomenal growth in enterprise resource planning training, we believe companies are meshing training with their consulting or systems integration budgets," Shutrump said.
Although spending on IT training was sluggish in 1998 compared with previous years, demand in the following areas remains strong: technology-based training and, in particular, the emerging Internet-based training medium; value-added training services; courseware on operating systems, networking, and Internet technologies; and courseware on email as well as groupware applications.
IDC has released two new reports covering the U.S. and worldwide IT training markets:
— Survey of Corporate Education Buyers' Needs and Requirements (IDC #B18810) explores trends in the corporate IT education and training market from the purchasers' point of view. It examines spending patterns, training program needs, and service requirements, as well as dynamics involved in selecting external training providers in the United States. The report also provides insights on usage and preferences for training-delivery media. Finally, IDC makes recommendations to corporate training providers to ensure they align their areas of expertise with current customer demand.
— Worldwide and U.S. IT Education and Training Markets, 1998-2003 (IDC #B19144) examines both the worldwide and U.S. IT education and training markets. Directed at providing the necessary data and detailed analysis to assist managers with their strategic business planning process, this report investigates several primary areas: market sizing and particular growth rates by geographic region in the global market; market sizing and particular growth rates for the U.S. training opportunity by content area and training delivery format; and, pertinent trends and emerging market opportunities for value-added training services. To purchase these reports together at a special bundled price, or separately, please contact Cheryl Toffel at 1-800-343-4952, ext. 4389 or at firstname.lastname@example.org.
International Data Corporation is the information technology industry's most comprehensive resource on worldwide IT markets, trends, products, vendors, and geographies. IDC provides data, analysis, and advisory services to the world's leading IT suppliers as well as IS professionals in finance, insurance, entertainment, advertising, consumer goods, and publishing. IDC's research and opinions are based on the results of more than 300,000 end-user surveys, in-depth competitive analysis, broad technology coverage, and strategic analysis. IDC is committed to providing global research with local content through its 500 analysts in more than 40 countries worldwide. Additional information on IDC can be found on its Web site at http://www.idc.com.
IDC is a division of International Data Group, the world's leading IT media, research, and exposition company.
# # #
All product and company names may be trademarks or registered trademarks of their respective holders.