US Financial Institutions Compliance Training Market Growth of $1.22 Billion

Compliance Training Market for Financial Institutions in the United States: Pilot

Growing need for qualified employees is driving the growth of the market. The demand for employees with advanced skills such as analytics and advanced algorithms has increased significantly over the past few years due to globalization and rapid industrialization. Financial institutions in the United States manage their workforce to achieve optimal productivity and enable innovation. The composition of the workforce has evolved dynamically due to the growing reliance on external talent, including contractors, partners, freelancers, outsourced employees and open source talent, in more regular full-time employees. Therefore, the need to update the skills of employees working in financial institutions is increasing.

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Compliance Training Market for Financial Institutions in the United States: Challenge

Factors such as the availability of open source training platforms will challenge the growth of market players. Companies such as 360training.com Inc. (360training.com), the American Bankers Association, and TalentLMS offer free introductory compliance training courses with basic online modules. Several companies offer a range of open source compliance training modules. A combination of several products from various open source companies can cover almost all the functionality provided by vendors who offer paid introductory courses. Open source companies offer training on queries, reports, and federal regulations. The availability of these platforms affects vendor revenues and profitability.

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Compliance Training Market for Financial Institutions in the United States: Segmentation Analysis

By delivery model, the market has been segmented into offline learning and online learning. the offline learning segment will witness significant growth in its market share over the forecast period, owing to the growing presence of multinational financial corporations (MNCs) and training providers and their growing collaborations to deliver innovative corporate training solutions and customized according to customer needs.

By course type, the market has been segmented into professional courses and introductory courses. Professional courses are domain-specific certification courses, such as the Professional Certificate in Risk Management and Risk Regulation: The Dodd-Frank Act and the Advanced Professional Certificate in Risk Management. Unlike introductory courses, professional or advanced courses provide detailed descriptions and applications of financial compliance concepts using tools and techniques through exercises.

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Contents

Abstract

Market landscape

• Market ecosystem
• Value chain analysis

Market sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market Outlook: Predictions for 2020 – 2025

Five forces analysis

• Summary of the five forces
• The bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• The threat of substitutes
• Threat of rivalry
• Market state

Market segmentation by delivery model

• Market segments
• Comparison by delivery model
• Offline Learning – Market size and forecast 2020-2025
• Online Learning – Market size and forecast 2020-2025
• Market opportunity by delivery model

Market segmentation by course type

• Market segments
• Comparison by course type
• Professional courses – Market size and forecast 2020-2025
• Introductory Course – Market size and forecast 2020-2025
• Market Opportunity by Course Type

Customer landscape

• Market factors
• Market challenges
• Market trends

Supplier Landscape

• Overview
• Landscape disturbance

Vendor analysis

• Suppliers Covered
• Positioning on the supplier market
• Association of Certified Anti-Money Laundering Specialists LLC
• Institute of Banking Administration
• Edcomm Inc.
• Euromoney Institutional Investor Plc
• Financial Sector Regulatory Authority Inc.
• Lorman LLC Business Center
• NAVEX Global Inc.
• Pro Bank Austin
• Society of Regulatory Affairs Professionals
• Thomson Reuters Corp.

appendix

• Report scope
• Currency conversion rates for the US dollar
• Research methodology
• Abreviations list

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