While the corporate IT training and business skills training markets have recently been shaken by changing macroeconomic and geopolitical factors, IDC believes renewed growth is on the horizon, albeit at a slower pace. On a global basis, the IT education and training market will see modest compound annual growth (CAGR) of about 5 percent between 2002 and 2007. Over the same period, the U.S. corporate business skills training market will grow at a CAGR of 10.5 percent. E-learning will continue to shine in both markets, although not as brightly as in the recent past.
Shifts in spending priorities and buyers' requirements influenced the corporate IT training and business skills training markets in 2002. "Spending priorities have shifted from 'build for the future' to a priority of 'cost containment' and seeking maximum value with immediate payoff. This means training investments must be increasingly tied to strategic priorities to obtain funding," says Cushing Anderson, program director for IDC's Learning Services research.
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