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.
Competition Scenario
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
Telecom
BFSI
Automobile
Retail
FMCG
Manufacturing
By Training Services
Technical
Leadership
Managerial
Sales
Customer Management
By Industry
Services
Manufacturing
Government
Retail/Wholesale
Education
Association
Non Profit Organizations
By Deployment
Onsite
Off Site
By Designation of Employees
Non Managerial Level
Managerial Level
Integrated
By Major Cities
Mumbai
Delhi NCR
Bangalore
Pune
Hyderabad
Chennai
Kolkata
By Type of Learning
Open Learning
Customized Learning
By Learning Mode
Instructor led Classroom Only
Blended Learning
Online or Computer Based
By Organizational Size
Small Organizations
Medium Organizations
Large Organizations
By Type of Organization
Multinational Companies
Domestic Organization
By Learning Technologies (On the Basis of Overall Corporate Training)
Virtual Classroom
Podcasting
LMS/LCMS
Online Performance Support
Rapid E Learning Tool
Mobile Application
Companies Covered:-
Dale Carnegie India
NIIT Limited
Manipal Global Education Services
Centum Learning
Aptech Limited
Hughes Global Education
Koenig Solutions
Innovative Learning Academy
CADD Centre Training Services
Near Learn
TAI India
Corporate Hierarchy Solutions
London Institute of Corporate Training
SSDN Technologies
Mentora Learning
Vinsys
Wagon Learning
Bodhih
Focus Training
TUV Nord
Mercury Solutions
Palle Technologies
MyTrecta
Kaizen Training Solutions
Key Target Audience:-
Corporate Training Companies
Education Platforms
Corporate Training Aggregators
Corporate Organizations
Management Consultants
Corporate Trainers
MHRD
Education Associations
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:-
India Corporate Training Market
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta
Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
