Friday, May 20 2022
  • Total Pages: 120
  • Companies: 10+ – Including Aperian Global Inc., Babel Language Consulting Ltd., Commisceo Global Consulting Ltd., Coursera Inc., Creative Culture, Cross-Cultural Consulting, Cultural Savvy, Culture Smart!, Dwellworks LLC, Global Integration Inc., Global Training Partners and Learnlight, among others.
  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis
  • segments: Deployment (workshop and online) and Geography (North America, Europe, APAC, MEA and South America).
  • Geographies: APAC (China and Japan), Europe (Germany and United Kingdom), North America (WE).

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According to recent Technavio market research, the Cross-Cultural Training Market by Deployment and Geography – Forecast and Analysis 2021-2025 are expected to grow by $1.46 billion between 2021 and 2025, with an accelerated CAGR of 6.57%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

North America will register the highest growth rate of 31% among other regions. The United States is a key market for cross-cultural training in North America. North America is expanding rapidly and is expected to provide market vendors with several business prospects over the forecast period.

Download a FREE sample: for more information on key countries in North America

Overview of Suppliers-
The cross-cultural training market is fragmented and vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

Babel Language Consulting Ltd.- The company offers cross-cultural training for executive coaching, global teams, graduate programs, cross-cultural work, and world-class customer service.

Coursera Inc.- The company offers intercultural courses through The Hong Kong University of Science and Technology.

Intercultural Consulting- The company offers cross-cultural training under the cross-cultural training category.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook
The presence of many multinationals and large organizations in North America contributed to the expansion of the cross-cultural training sector. Microsoft, AT&T, IBM, international banks, insurance companies and other globally operating tech titans are headquartered in United States. Hundreds of people work in these companies, all from diverse backgrounds and cultures. As a result, there is an increasing need to ensure that all employees are technically on the same page to connect their personal goals with business. Companies in North America spend a lot of money to train staff who work in many places. As the economies of many developing countries improve, more and more North American companies are eager to expand and open offices there.

In addition, the development of business activities of companies in emerging economies requires the training of employees to ensure a smooth transfer of knowledge and professional transition. This results in a significant increase in the demand for cross-cultural training.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market-

  • Intercultural training Marlet Driver:
    • Emergence of cost-effective e-learning training modules:

Cross-cultural training is one of a company’s largest expenses, especially if it operates in multiple locations around the world. The effectiveness of a company’s total productivity is largely determined by how well new employees are trained in cross-cultural perspectives. Consequently, companies are increasingly looking for new, cost-effective ways to provide cross-cultural training to their workers. Organizations’ shift from traditional training to e-learning saves employees time while maintaining, updating, and storing information more efficiently. As a result, vendors are presenting solutions, technologies, systems, and courses to organizations willing to buy in bulk to meet the needs of their workforce at inexpensive prices.

  • Cross-cultural training market Tendency:

In the business world, gamification has gained popularity as a beneficial training and motivational tool. Companies have embraced gamification to create incentive programs, with an increasing emphasis on digital badges, rewards and leaderboards to help companies engage in mobile training. Gamification is the process of integrating the essential elements of the game into real-time business processes. Cross-cultural training is a kind of training in which companies educate their staff about the cultures of different countries. Companies are showing a lot of interest in the area of ​​gamification of training, so the cross-cultural training sector is expected to grow at a steady pace.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

Related reports:

US Game-Based Learning Market by Product and End User – Forecast and Analysis 2021-2025

Education Consulting Market by Type and Geography – Forecast and Analysis 2021-2025

Scope of the cross-cultural training market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6.57%

Market Growth 2021-2025

$1.46 billion

Market structure

Fragmented

Annual growth (%)

5.95

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 31%

Main consumer countries

US, UK, China, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Babel Language Consulting Ltd., Commisceo Global Consulting Ltd., Coursera Inc., Cross Cultural Consulting, Global Integration Inc., GROVEWELL LLC, Learnlight, Pearson Plc, Udemy Inc. and Wolfestone Translation Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

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About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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