India Corporate Training Market: Revenue, Growth Rate, Trends, Share, Size, Opportunities and Forecast to 2027

How Is the Corporate Training Market Positioned In India?

Overview:

The Corporate Training Market in India is in its growth stage. India's Corporate Training Market is underpenetrated compared to markets and considering the magnitude of growth factors such as IT industry, large workforce & GDP growth.

Due to Covid-19 the Corporate Training Market at grew to a single digit CAGR between FY'17 and FY'22P.

In FY'20 and FY'21 training companies were able to deliver trainings online as companies especially the IT ones quickly adopted the WFH model.

Market:

Corporate Training Market in India is a competitive and fragmented space.

The Corporate Training Market in India has been segmented on the basis of industry verticals, by courses offered, by sector, by mode of learning, by types of training services, by major cities etc.

Companies with experienced faculty and trainers with an established clientele using advanced technology are sought after. Micro learning concepts and technologies like AR/VR, Meta verse and AI-ML is going to be high in future training methodologies and modules

Corporate Training Market India

By Industry Verticals

IT/ITES industry is the largest contributor to the overall revenue of the corporate training market followed by Telecom.

Others include hospitality, tourism real estate etc and covid-19 impact was most on these sectors and therefore witnessed a contraction in growth.

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By Type of Training Services

In India most of the graduates are relatively low skilled and at times not all colleges have the required infrastructure therefore, many IT companies imparts a basic 3-month technical training especially to new employees. After technical training leadership are the 2nd highest contributor to corporate training market revenue. Such trainings are often reserved for the CXO's and have a high-ticket value.

Over time many business functions have either shut down or evolved however, sales will always prevail. Similarly, with disruptive business models and buzzing start up culture managerial trainings have become imperative.

By Sector:

Though Corporate Training in India has been dominated by the services industry that comprises of IT, BFSI, BPO etc. training requirements from Retail/Wholesale and Education sector are growing at a faster pace. The covid-19 pandemic acted as a catalyst for the digitization process in retail and education sector.

By Training to designation of employees:

Training programs for the non-managerial level of employee's accounts for majority of the training. Technical trainings are popular at non-managerial level. Managerial trainings are also on rise. Courses like lean, compliance, statutory laws, process are given in managerial trainings.

By Major Cities:

Most of the major corporate training companies have their headquarters located in Mumbai, Delhi and Bengaluru. The top 4 cities contribute towards a large chunk of the corporate training demand however, other cities like Nagpur, Bhopal, Vishakhapatnam are catching up quickly as many IT corridors are being setup here.

By Mode of Learning:

Instructor led classroom learning is the traditional and most impactful way of imparting training and has always dominated the market. However, with increasing digitization and Covid-19 pandemic many modes of training have emerged. Blended learning, virtual classroom and computer-based modules have redefined training experiences especially during the pandemic and now have gained wide acceptance. Mobile learning is also on the rise as it ensures learning on the go.

By MNC's & Domestic Organization:

As MNC's have a culture of mandatory training programs most of the corporate training requirement are generated by the MNC's. Many domestic companies have started their operations across geographies and have ventured in various verticals and therefore even their training demands are rising.

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By Scale of the Organization:

Large organizations are the largest revenue generator for the corporate training market in India. However, medium and small-scale companies are catching up. They outsource most of their training requirements.

Total Addressable Market

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.

Competitive Landscape

The Corporate Training Market in India is a very competitive and a fragmented space with the presence of 500-600 companies. However, a good chunk of the market share is captured by 7 companies namely NIIT, Manipal Global Education, CADD Centre, Aptech Limited, Centum Learning, Koenig Solutions and Hughes Global.

Price, Years of Expertise, Trained Faculty, Established Clientele and Program Content are major selection criterions for the corporate training company by the client. Recently many self-based learning platforms have gained wide acceptability. Companies like Udemy, Coursera, upGrad and Simplilearn are covered.

What is the Future of Corporate Training market in India?

The Corporate Training Market in India is expected to grow with a healthy double digit CAGR FY'22P and FY'27F. The focus would be on to keep the learners and engaged by enhancing experiential learning therefore use of technologies like AR/VR, Metaverse and Micro learning concept would be prevalent in future. Courses on data and business analytics, AI-ML, cyber security, cloud infrastructure would be in high demand. IT and BFSI are going to be the larger support pillars for the corporate training market in the future.

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Key Segments Covered

By Industry Verticals
IT/ITES
Telecom
BFSI
Retail/FMCG
Manufacturing
Automobile
Healthcare
By Types Of Training Service
Technical
Leadership
Managerial
Sales
Customer Management
By Sector
Services
Retail/Wholesale
Manufacturing
Government
Education
Association & Nonprofit Organization
By Deployment
On Site
Off Site
By Designation Of Employees
Non-Managerial
Managerial
Integrated
By Major Cities
Mumbai
Delhi
Bengaluru
Hyderabad
Pune
Chennai
Kolkata
By Open & Customized Training
By Type Of Organization
MNC
Domestic
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
Large
Medium
Small
Companies Covered

NIIT
Manipal Global Education
CADD Centre
Aptech
Centum Learning
Koenig Solutions
Hughes Global Education
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
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https://www.kenresearch.com/education-and-recruitment/education/corporate-training-market-india-outlook/574426-99.html

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