India Corporate Training Market: Ken Research
To tackle the pandemic impact, as a cost saving measure organizations are replacing full time employees with contingent ones.
In 2020, less than 1/3rd of L&D folks agreed that L&D had a seat at the executive table and a year later over 2/3rd L&D professionals agree to the same.
Covid-19 Pandemic Has Completely Transformed Learning as it used to be: The pace of digitization and offline to online transformation has been fast forwarded by at least 2-4 years due to the pandemic. Even though the pandemic had its effect in corporate training market, its likely to have positive implications in the long run. To ensure delivery of training many alternatives ways emerged and became popular like virtual classroom, computer based online modules and blended learning. Even though instructor led offline training is the most impacted and preferred way, in future over 1/3rd of training is likely to be delivered by digital and online mode.
Even though with market became more competitive with emerging popularity of self-based learning platforms, such companies have been able to increase the overall end user base for the training market by making modules and courses more accessible and affordable. The pandemic acted as an eye opener for many working professionals as they realised how under skilled, they are and reskilling and up skilling is imperative for career growth.
Target Addressable Audience for Quick Commerce: It is estimated that the global corporate training market size is estimated to be around $350-400 Bn. The Corporate Training Market in India is under penetrated and is in its growth stage. Even though USA has 1/4th of the India's population, the L&D industry is worth over $100 Bn while in the India the same is less than a fraction of that of USA. There are around ~1.44 Mn active registered companies and ~61,000 recognized start-ups in India, therefore the opportunity pool is huge. With growing work from home culture, lack of skilled graduates and increasing L&D budgets there is lot of potential to be harnessed in the corporate training segment in India
Technologies Facilitating Business Operations: As trainings are being delivered online it has become very important for companies to keep a tab on learners' engagement and interest and also measure the impact of training. While designing an e-learning program factors like program aesthetics, content consistency, content legibility and pictures and animations are need to be kept in mind to ensure programs are interactive and engaging. There will also be greater use of technologies like AI-ML, AR/VR, Metaverse and gamification to keep the learning program concise, flexible and more lifelike.
Analysts at Ken Research in their latest publication "Corporate Training Market India Outlook to FY'27F - Driven by Wide Acceptance of Online and Virtual Trainings and Organizations Need for Multi Skilled Tech Savvy Employees" believe that the Corporate Training market in India is expected to demonstrate strong growth owing to employers and employees need to reskill and upskill, rapid technological changes especially in IT and FinTech space and growing employment demand in service industry. The market is expected to register a positive CAGR of 16.3% in terms of revenue during the period FY'22P-FY'27F.
Visit @ https://www.kenresearch.com/education-and-recruitment/education/corporate-training-market-india-outlook/574426-99.html
Key Segments Covered
By Industry Verticals
By Types Of Training Service
Association & Nonprofit Organization
By Designation Of Employees
Request for sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDI2
By Major Cities
By Open & Customized Training
By Type Of Organization
By Mode Of Learning
Instructor Led Classroom Only
Online or Computer Based Methods Only
By Scale Of Organization
Manipal Global Education
Hughes Global Education
For more details @ https://www.kenresearch.com/education-and-recruitment/education/corporate-training-market-india-outlook/574426-99.html
Key Target Audience
Corporate Training Companies
Self-Based Learning Platforms Companies
Contractual Professional Trainers
IT Solutions and Support Companies
Top UG/PG Private Universities
Retired Experienced Faculties
Time Period Captured in the Report: -
Historical Period: FY'17-FY'22P
Forecast Period: FY'22P-FY'27F
Key Topics Covered in the Report
How is the Corporate Training Market positioned in India?
Target Addressable Audience for Corporate Training Market in India Market
Popular Courses and Their Prices
Critical Decision-Making Criterions related to Pricing and Selection Process
Freelance Trainers V/s Full Time Trainers
Supply Ecosystem and Challenges
Market Size and Segmentation
Upcoming Technologies & Trends in Corporate Training Market
Investment Model and ROI in Corporate Training Business
Competitive Landscape - Cross Comparison of Major Players
Self-Based Learning Platforms
Analyst Recommendations & Cause Effect of certain Market Related Factors
For More Information, refer to below links:-
Ankur Gupta, Head Marketing & Communications
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Corporate Training Market: Ken Research here
News-ID: 2672017 • Views: 281
More Releases from Ken Research Pvt Ltd
Global Audiology Devices Market Insights, Forecast to 2027: Ken Research
The electronic devices that are utilized by audiologists to diagnose and treat loss of hearing or hearing impairment are called audiology devices. These devices are also extensively used for monitoring or studying hearing. These devices are also referred to as hearing aid. According to the research report, 'Audiology Devices Market: Current Analysis and Forecast (2021-2027)' states that Medtronic, MedRx, Siemens AG, Cochlear Limited, Maico Audiological Services, Natus Medical Incorporated, GN Resound
Health Tech platforms have gained traction with the increasing prevalence of cus …
Key Findings UAE Health Tech is being driven by rising prevalence of lifestyle diseases (for example, diabetes or obesity) and an increased awareness of preventive care along with Rise in demand for specialized care like that for oncological and cardiovascular diseases in the UAE coupled with rise the in elderly population. The UAE Health Tech Market is expected to grow at a double digit CAGR from 2018 to 2021P. HealthCare IT Systems contributes
Used Car Platforms in SEA region are expanding their digital presence to increas …
Key Findings With large number of consumers preferring to own a private vehicle pertaining to the after-effects of Covid-19, the used to new car ratio is consistently improving in SEA region. Consumers are shifting away from traditional methods and adopting online platforms more frequently for their used car buying or selling journey. Competition Scenario: SEA used car market is an extremely fragmented, with many players capturing more than one geography in the
Global Lactose-Free Market - Industry Trends and Forecast to 2027: Ken Research
Lactose is basically a milk sugar that is broken down by the enzyme called lactase, which is located in the small intestine. The reduced ability to digest the sugar in dairy products, due to insufficient amounts of the gut enzyme lactase is called lactose intolerance. It is generally harmless, but its symptoms bring extreme discomfort. According to the research report, 'Lactose-Free Products Market: Current Analysis and Forecast (2021-2027)' states that The