target audience: TECH SUPPLIER Publication date: Sep 2022 - Document type: Market Analysis Perspective - Doc Document number: # US48020022
Market Analysis Perspective: Worldwide and U.S. IT Skills and Training for Digital Business, 2022
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Abstract
This IDC Market Analysis Perspective examines the IT training market in light of these pressures, exploring IT training buyer perceptions, attitudes, and preferences.
Accelerated by the COVID-19 pandemic and exacerbated by "the Great Resignation," the looming IT skills crisis impacts organizations everywhere. IDC predicts that more than 90% of enterprises will feel the impact of the skills crisis by 2025, costing some $6.5 trillion in product delays, decreased customer satisfaction, impaired competitiveness, and lost revenue.
"The skills crisis is fueling continued growth in the sector, especially for self-paced elearning and virtual, instructor-led training," says Gina Smith, Ph.D., research director, IDC's IT Skills for Digital Business. "IT training now is a strategic business imperative for global organizations, which must find ways to hire, retain, and skill up employees with quality experiences and a range of content types and modalities."