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India Corporate Training Market: Ken Research

07-05-2022 04:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

The Corporate Training industry is driven by the pace set by the covid-19 pandemic for digitization and offline to online transformation, employers need for multi skilled employees and expected rise in L&D expenditure: 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.
Only 1 out every 2 youth in India is employable and over 3/4th of the organisations feels that there is wide skill gap in the industry
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.

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Key Segments Covered

By Industry Verticals
By Types Of Training Service
Customer Management
By Sector
Association & Nonprofit Organization
By Deployment
On Site
Off Site
By Designation Of Employees
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By Major Cities
By Open & Customized Training
By Type Of Organization
By Mode Of Learning
Instructor Led Classroom Only
Blended Learning
Virtual Classroom
Online or Computer Based Methods Only
Mobile Only
Social Learning
By Scale Of Organization
Companies Covered

Manipal Global Education
CADD Centre
Centum Learning
Koenig Solutions
Hughes Global Education

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Key Target Audience

Corporate Training Companies
Ed-tech Companies
Self-Based Learning Platforms Companies
Freelance Trainers
Industry/Corporate Coach
Contractual Professional Trainers
Industry Veterans
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
Opportunity Matrix
Market Size and Segmentation
SWOT Analysis
Upcoming Technologies & Trends in Corporate Training Market
Investment Model and ROI in Corporate Training Business
Competitive Landscape - Cross Comparison of Major Players
Company Profiles
Self-Based Learning Platforms
Covid-19 Impact
Analyst Recommendations & Cause Effect of certain Market Related Factors
Research Methodology
For More Information, refer to below links:-

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Ken Research
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.

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