COVID-19 Impacts: Compliance Training Market for Financial Institutions in the US will Accelerate at a CAGR of almost 15% through 2020-2024|Rising Need for Skilled Employees to Boost Growth| Technavio
Technavio has been monitoring the compliance training market for financial institutions in the US and it is poised to grow by USD 1.00 billion during 2020-2024, progressing at a CAGR of 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the compliance training market for financial institutions in the US in 2019?
Technavio says that the value of the market was USD 1.02 billion in 2019 and is projected to reach USD 2.02 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 15%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
The rising need for skilled employees and the need to comply with regulations are the key factors driving the market growth.
Who are the top players in the market?
Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. are some of the major market participants.
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 13.25%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rising need for skilled employees has been instrumental in driving the growth of the market.
Compliance Training Market for Financial Institutions in the US 2020-2024: Segmentation
Compliance Training Market for Financial Institutions in the US is segmented as below:
Compliance Training Market Size for Financial Institutions
Compliance Training Market Trends for Financial Institutions
Compliance Training Market Analysis for Financial Institutions
This study identifies the need to comply with regulations as one of the prime reasons driving the growth of the compliance training market for financial institutions in the US during the next few years.
Compliance Training Market for Financial Institutions in the US 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the compliance training market for financial institutions in the US, including some of the vendors such as Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Education Services, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. Backed with competitive intelligence and benchmarking, our research reports on the compliance training market for financial institutions in the US are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Compliance Training Market for Financial Institutions in the US 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist the growth of the compliance training market for financial institutions in the US during the next five years
Estimation of the size of the compliance training market for financial institutions in the US and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the compliance training market for financial institutions in the US
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of vendors in compliance training market for financial institutions in the US
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Delivery Model
Market segments
Comparison by Delivery Model
Offline learning - Market size and forecast 2019-2024
Online learning - Market size and forecast 2019-2024
Market opportunity by Delivery Model
Market Segmentation by Course Type
Market segments
Comparison by Course Type
Professional courses - Market size and forecast 2019-2024
Introductory courses - Market size and forecast 2019-2024
Market opportunity by Course Type
Customer landscape
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Association of Certified Anti-Money Laundering Specialists LLC
Bank Administration Institute
Edcomm Inc.
Euromoney Institutional Investor Plc
Financial Industry Regulatory Authority Inc.
Lorman Education Services
NAVEX Global Inc.
ProBank Austin
Regulatory Affairs Professionals Society
Thomson Reuters Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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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