Framingham, Mass. (Aug. 14, 2003) -- It may come as little surprise that companies including IBM, SAP, and Oracle are among the top IT education and training vendors, a recent IDC study revealed.
The global market intelligence and advisory firm for information technology and telecommunications industries has released a report, Top 15 Worldwide IT Training Providers, 2002 -- Segments and Strategies. It contains information on top company revenues and a brief description of the key developments or insights for each of the vendors, along with what factors each considers to be driving its business and keys to its success.
This study presents calendar year revenues for the top vendors from 1999 to 2002. Companies at the top of the list include: IBM, New Horizons Computer Learning Centers, SAP AG, Oracle Corp. and Sun Microsystems Inc.
IDC also found that falling IT spending and altered IT spending priorities have had a direct impact on the IT training industry in 2002, yet IDC remains optimistic about the corporate IT training marketplace, particularly after 2003, according to Cushing Anderson, program director of IDC's learning services research.
"The IT education and training market has been challenged by economic circumstance during the past two years. 2002 was the low water mark for the industry, and recovery has begun," Anderson said. "Those vendors positioned to leverage their brand value, incorporate learning services where appropriate and facilitate enterprise sales, will catch the wind first and begin to sail toward the horizon."
The document concludes with key opportunities IT education and training vendors might explore along with essential guidance vendors should consider when addressing long-term global market opportunities.
For more information about IDC's research email Virginia Lehr at firstname.lastname@example.org.
-- WebCPA staff
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