Expenditure breakdown in the training industry in the US, 2016-2023 (Billions USD)
Dun & Bradstreet; Training Magazine
21 Nov 2023
The US workforce training industry saw a robust expenditure increase of over 15% over the past 5 years, surpassing $100B. This growth reflects heightened corporate investments in workforce development to enhance skills and adaptability in a rapidly evolving market. Factors driving this expansion include digital transformation necessitating new competencies, the rise of remote work requiring virtual training solutions, and a focus on upskilling to meet industry demands amidst technological advancements.
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