Corporate Training Budgets at major Indian companies such as Godrej, ITC and Bajaj Finserv has been increasing by approximately 10%-15% and the same trend is expected in the future.
The Hospitality Sector has witnessed higher levels of employee attrition in India and a proper training module can eliminate this bottleneck.
Advent content creation mechanism that will involve a basic workflow platform shall generate content for the mobile. The process will be supported by influx of smart phones, gradual lowering of the bandwidth cost and heavy usage of open-source video editing tools.
Growing E Learning Market: Streams of government initiatives, technology adoption in small and medium sized businesses coupled with convenience and cost factors has aggravated the companies shift to e-learning in India. Organizations have been heavily inclined to adopt e-learning modules to facilitate learning and development activities. There has been a steady rise in demand for customized e-learning content. Development in training technology will further boost the deployment of e-learning services.
Increase in Number of Corporate Training Firms: Owing to low initial cost of investment in setting up a corporate training firm, decent ROIs and very low barriers to entry, there has been a heavy mushrooming of small and mid-size training firms in the country. There has been a heavy proliferation on account of considerable consumption of these value-added courses by all sorts of small, middle and large sized companies.
Effective Government Support: There have been extensive collaborations of National Skill Development Corporation (NSDC) with training and development companies to support the skill development of educated and uneducated youths spread across various sectors and geographies. While association with NSDC has brought recognition for several companies, it has also opened up newer business avenues for the training firms.
Analysts at Ken Research in their latest publication “India Corporate Training Market Outlook to FY’2025 – Driven by introduction of Experimental Training, Adoption of Artificial Intelligence and Government Initiatives for Up-Skilling” believe that the Corporate Training market of the country is at its growth stage however with introduction and adoption of newer technologies, the market has great potential to grow in the future.
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