(MENAFN- PR Newswire) NEW YORK, March 16, 2023 /PRNewswire/ -- The size of the compliance training market in higher education institutions in us
is estimated to grow by USD 1,389.49 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 15.15% during the forecast period. Moreover, the growth momentum will accelerate.
The need for compliance with federal regulations is driving the market growth. In the US, higher education institutes need to comply with various regulations such as the Family Educational Rights and Privacy Act (FERPA) and the Health Insurance Portability and Accountability Act (HIPAA). To comply with these regulations, higher education institutes prefer vendors that specialize in higher education compliance training. Therefore, the need for compliance with federal regulations encourages higher education institutions to focus on compliance training, which will drive the growth of the market during the forecast period.-
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![Technavio has announced its latest market research report titled US Compliance Training Market in Higher Education Institutions 2023-2027]( "Technavio has announced its latest market research report titled US Compliance Training Market in Higher Education Institutions 2023-2027")
Technavio has announced its latest market research report titled US Compliance Training Market in Higher Education Institutions 2023-2027
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Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Special Coverage on
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US financial crisis
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/active/niche/trivial
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Compliance training market in higher education institutions in US - Segmentation Assessment
Segment overview
Technavio has segmented the market based on type (offline learning and online learning) and end-user (academic staff and students).
The offline learning segment will account for a significant share of the market growth during the forecast period. Offline learning includes classroom-based learning, where learners can interact with instructors in real-time. However, the adoption of online learning is increasing due to the rising penetration of the Internet and the growing adoption of technology. The introduction of on-demand and self-paced online courses and blended learning courses will further increase the popularity of online learning. This, in turn, will pose a challenge to the offline segment.
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Compliance training market in higher education institutions in US – Market dynamics
Leading trends influencing the market
The increasing emphasis on microlearning is a key trend in the market. Microlearning is also known as bite-sized learning. In this type of compliance training, course content is delivered in the form of short videos, animations, and infographics. These short courses can be used to deliver accurate information at various time intervals. Microlearning provides organizations to create content in various formats that support the individual learning styles of employees. Microlearning modules are self-paced and can be accessed through mobile devices. Such factors will support the market growth during the forecast period.
Major challenges hindering the market growth
The lack of adequate funding and infrastructure is challenging market growth. In the US, low tax revenues and high student debt have led to deficit projections for state budgets. As a result, different tax budgets across various states lead to disparities in employee salaries and pensions. Constrained state budgets may lead to a decline in funding for public colleges and universities. Therefore, many colleges do not have the required infrastructure to implement high-quality systems such as LMS to provide online training. Therefore, a significant decline in funding and a lack of infrastructure to support online education will lead to inefficient compliance training.
Insights on trends & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) -
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What are the key data covered in this report?
CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the compliance training market in higher education institutions in US between 2023 and 2027 Precise estimation of the size of the compliance training market in higher education institutions in US and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of vendors
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Related Reports:
The soft skills training market is estimated to grow at a CAGR of 34.62% between 2022 and 2027. The size of the market is forecasted to increase by USD 119.22 billion. This report extensively covers market segmentation by end-user (corporate and academic), delivery mode (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The corporate compliance training market size is expected to increase by USD 2.36 billion from 2021 to 2026. Furthermore, this report extensively covers corporate compliance training market segmentation by type (online and blended) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
| US compliance training market in higher education institutions scope |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 15.15% |
| Market growth 2023-2027 | USD 1,389.49 million |
| Market structure | Concentrated |
| YoY growth 2022-2023
(%) | 12.22 |
| Competitive landscape | Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
| Key companies profiled | ACPA, City and Guilds Group, EVERFI Inc., LRN Corp., Maximus Consulting Ltd., Porzio Compliance Services LLC, Skillsoft Corp., and Vector Solutions LLC |
| Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Country Market Characteristics Exhibit 04: Executive Summary – Chart on Market Segmentation by Type Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%) Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Compliance training market in higher education institutions in US 2017 - 2021
Exhibit 15: Historic Market Size – Data Table on Compliance training market in higher education institutions in US 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)
4.3 End User Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size – End User Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 25: Chart on Type - Market share 2022-2027 (%) Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type Exhibit 28: Data Table on Comparison by Type
6.3 Offline learning - Market size and forecast 2022-2027 Exhibit 29: Chart on Offline learning - Market size and forecast 2022-2027 ($ million) Exhibit 30: Data Table on Offline learning - Market size and forecast 2022-2027 ($ million) Exhibit 31: Chart on Offline learning - Year-over-year growth 2022-2027 (%) Exhibit 32: Data Table on Offline learning - Year-over-year growth 2022-2027 (%)
6.4 Online learning - Market size and forecast 2022-2027 Exhibit 33: Chart on Online learning - Market size and forecast 2022-2027 ($ million) Exhibit 34: Data Table on Online learning - Market size and forecast 2022-2027 ($ million) Exhibit 35: Chart on Online learning - Year-over-year growth 2022-2027 (%) Exhibit 36: Data Table on Online learning - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 38: Chart on End-user - Market share 2022-2027 (%) Exhibit 39: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 40: Chart on Comparison by End-user Exhibit 41: Data Table on Comparison by End-user
7.3 Academic staff - Market size and forecast 2022-2027 Exhibit 42: Chart on Academic staff - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Academic staff - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Academic staff - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Academic staff - Year-over-year growth 2022-2027 (%)
7.4 Students - Market size and forecast 2022-2027 Exhibit 46: Chart on Students - Market size and forecast 2022-2027 ($ million) Exhibit 47: Data Table on Students - Market size and forecast 2022-2027 ($ million) Exhibit 48: Chart on Students - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Students - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.3 Impact of drivers and challenges
Exhibit 52: Impact of drivers and challenges in 2022 and 2027
10 Vendor Landscape
10.2 Vendor landscape
Exhibit 53: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 54: Overview on factors of disruption
10.4 Industry risks
Exhibit 55: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 56: Vendors covered
11.2 Market positioning of vendors
Exhibit 57: Matrix on vendor position and classification
11.3 ACPA
Exhibit 58: ACPA - Overview Exhibit 59: ACPA - Product / Service Exhibit 60: ACPA - Key offerings
11.4 City and Guilds Group
Exhibit 61: City and Guilds Group - Overview Exhibit 62: City and Guilds Group - Product / Service Exhibit 63: City and Guilds Group - Key offerings
11.5 EVERFI Inc.
Exhibit 64: EVERFI Inc. - Overview Exhibit 65: EVERFI Inc. - Product / Service Exhibit 66: EVERFI Inc. - Key offerings
11.6 LRN Corp.
Exhibit 67: LRN Corp. - Overview Exhibit 68: LRN Corp. - Product / Service Exhibit 69: LRN Corp. - Key offerings
11.7 Maximus Consulting Ltd.
Exhibit 70: Maximus Consulting Ltd. - Overview Exhibit 71: Maximus Consulting Ltd. - Product / Service Exhibit 72: Maximus Consulting Ltd. - Key offerings
11.8 Porzio Compliance Services LLC
Exhibit 73: Porzio Compliance Services LLC - Overview Exhibit 74: Porzio Compliance Services LLC - Product / Service Exhibit 75: Porzio Compliance Services LLC - Key offerings
11.9 Skillsoft Corp.
Exhibit 76: Skillsoft Corp. - Overview Exhibit 77: Skillsoft Corp. - Business segments Exhibit 78: Skillsoft Corp. - Key offerings Exhibit 79: Skillsoft Corp. - Segment focus
11.10 Vector Solutions LLC
Exhibit 80: Vector Solutions LLC - Overview Exhibit 81: Vector Solutions LLC - Product / Service Exhibit 82: Vector Solutions LLC - Key offerings
12 Appendix
12.2 Inclusions and exclusions checklist
Exhibit 83: Inclusions checklist Exhibit 84: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
12.4 Research methodology
Exhibit 86: Research methodology Exhibit 87: Validation techniques employed for market sizing Exhibit 88: Information sources
12.5 List of abbreviations
Exhibit 89: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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