The end of the Year 2000 conversions and Euro integration projects will bring a downturn for the IT training industry, but a new report from analyst Key Note claims that this may not be as severe as might be expected.
Key Note's IT Training Market Report predicts that the sector will grow from #657 million this year to #1.3 billion by 2000. The downturn will reduce this to just over #1 billion in 2001 but the value will climb back to #1.25 billion over the following year. Effectively, this means a 90.4% rise in value over five years.
The big growth area will be in the do-it-yourself market which includes CD-ROM and online training because of the lower costs involved in purchasing multimedia tutorials. Escalating sales will boost this niche market into the big time to the tune of #220 million by 2002, the report states.
Other areas where growth will be limited is in the intranet and operating system sectors. Key Note bases this view on the assumption that many of the large and medium-sized companies have already implemented intranets and learned a lot from supporting Windows 95 and NT to set them in good stead for Windows 98 and the forthcoming NT 5.
The IT Training report, priced #245, is available on 0181 481 8750.
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