How India Corporate Training Market Evolved? And How is it currently Positioned?
The India corporate training market has been a niche market that has witnessed steady growth but is yet to be explored in full potential and has a huge scope for expansion in the coming years. The training methodology has seen rapid digitization of content and migration towards online training. Influx of a flurry of corporate training companies in the Indian landscape has been an important stimulant for the market. Rising demand for trainings on a spectrum of courses has put the market on an exemplary growth track. IT and ITES has been the premium sector and the most important revenue generator for the industry. Other traditional sectors such as manufacturing and BFSI have also supported fairly to the growth of corporate training market in India. Technical training is still the most sought after module by the Indian companies.
The Corporate Training Market is in the growth stage with large number of players competing in the market. The market has been growing at a double digit growth rate during the period 2013-2018. There are instances of companies cutting down on budgets allocated for vocational and soft skills trainings and instead spending it for skill trainings. The market is very competitive with presence of several small and big players and has limited entry barriers for a new player. Classroom training is still the most preferred mode while e-learning is gradually taking on because of low priced modules and flexibility in learning.
Low cost of investment and lack of entry barriers for incumbents has led to high fragmentation and therefore competition in the market. Overall, the market can be categorized into 3 sorts of players based on the employee size being 0-200, 200-500 and 500+ employees. The major players include NIIT, Manipal Global Education, Centum Learning, Aptech Limited, Koenig Solutions and CADD Centre for Training.
India Corporate Training Future Market Size
Corporate Training Budgets are expected to increase in the future and corporate training in the hospitality sector is expected to grow as it has witnessed higher levels of employee attrition in India. The Market is expected to increase at a double digit growth rate during the period FY’2019 and FY’2025. Growing E Learning Market, Entry of New Players, Increase in Governmental Support and Increase in Mid Size and Small Businesses.
Key Segments Covered:-
By Industry Verticals
IT / ITES
By Training Services
Non Profit Organizations
By Designation of Employees
Non Managerial Level
By Major Cities
By Type of Learning
By Learning Mode
Instructor led Classroom Only
Online or Computer Based
By Organizational Size
By Type of Organization
By Learning Technologies (On the Basis of Overall Corporate Training)
Online Performance Support
Rapid E Learning Tool
Dale Carnegie India
Manipal Global Education Services
Hughes Global Education
Innovative Learning Academy
CADD Centre Training Services
Corporate Hierarchy Solutions
London Institute of Corporate Training
Kaizen Training Solutions
Key Target Audience:-
Corporate Training Companies
Corporate Training Aggregators
Time Period Captured in the Report:-
Historical Period – FY’2015 – FY’2019
Forecast Period – FY’2020- FY’2025
For More Information On The Research Report, Refer To Below Link:-
Head Marketing & Communications