The quickly retiring workforce, combined with the rapid evolution of technologies, is creating a demand for effective training approaches. To facilitate this need, industrial organizations are redefining the delivery of technical training for their current and new employees by implementing new approaches ranging from AR-based learning programs to AI-powered curriculum. In the wake of these trends, the global corporate training market is projected to reach $487.3 billion by 2030, growing at a CAGR of 8 percent.
This growth is especially driven by organizations that are taking full advantage of advanced technologies like VR to facilitate adaptive learning methods. By incorporating VR into their training programs, organizations can create immersive learning experiences for their employees by recreating real-life settings and simulating the challenges that they might encounter in their workflow. The employees can easily gain on-the-job training in a risk-free environment. With VR, skill retention is also way higher compared to conventional training approaches, and can easily lead to faster learning and improved workplace productivity.
To put the spotlight on many such key developments in the industry, Manufacturing Outlook illustrates how companies are leveraging the latest technologies to augment their industrial training requirements. This edition also features thought leadership articles from subject matter experts on the ongoing trends, best practices, and recent innovations. Some of the exclusive insights are authored by Michael Schwentor, Director of Operational Excellence at United States Steel [NYSE:X], Andy R. Wiseman, Senior Director of Advanced Manufacturing Engineering and Technology at Valmont Industries [NYSE:VMI], and Erik Lemay, Global Head of External Manufacturing at Servier, who shed light on the recent industrial training trends, application of operation excellence, and the advancement of Industry 4.0.
In this edition of Manufacturing Outlook, we also bring to you the story of some of the top industrial training companies that deliver the best outcomes for their clients. In the list, Advanced Technology Services stands out for its SkillPoint Technical Training Program, which offers an individualized approach to training maintenance technicians across industries. We also bring to you the story of PIXO, a company that provides VR training programs to make learning fun and engaging for employees.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the industrial training space. We would like to know your thoughts.


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