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India Corporate Training Market Forecasts to 2020 - Incremental Allocation of Training Budgets in
MSMEs and PPP in Skill Development Initiatives to Propel Growth
June 2016
The corporate training market is expected to showcase a vibrant growth, with revenues to reach INR 32
billion by FY’2020. The market will continue to grow in the coming years with a substantial number of
private and public organizations looking forward to allocate significant share to training and
development programmers to leverage the vast potential in the evolving Indian economy. Global
expansion of businesses and confrontation of domestic as well as global competition will see companies
focusing more on their learning initiatives.
Currently, the market for corporate training is highly fragmented with presence of close to 700 small
and large sized companies engaged in delivery of all sorts of popular and niche training courses across
several verticals. Low cost of investment, lack of entry barriers and minimal price differentials has led to
high competition in the market and at the same time guarantee enormous scope for growth. There
exists enormous opportunities and scope of innovations and development in the market that will widen
the portfolio of niche courses and instigate the market.
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The industry is likely to be driven by the emerging MSMEs and start-ups that have mushroomed in the
last decade. MSMEs have slowly come to realize that calendar training is just not enough and they need
to conduct disruptive training programs to optimize their productivity and to sustain the market forces.
Demand for niche training programs on big data modules and machine learning is expected to fuel the
market growth in the forthcoming years. There has been a significant shift towards outcome-oriented
learning in Indian organizations. Companies in India have developed increased interest towards trainings
that are aligned to their business needs. Sales programs, customer management programs and other
managerial and leadership trainings are conducted keeping in mind the organization specific business
strategies and practices. Organizations have got proactively engaged in training needs analyses that has
a direct link to business goals and future priorities.
Government initiatives have played an important role in stimulating the market. The NSDC- private
collaborations has provided enormous potential for the existing and new players. There has been a
marked increase in companies adopting e-learning solutions because of the developments in rich
graphics and cost-effective e-training modules offered by training companies. These solutions are highly
interactive and engaging and relieve the management from sparing space and time for such
engagements.
“Behavioral trainings and Supervisor trainings are the most outsourced corporate trainings in India.
Mumbai accounted for the highest revenue generation in the market in FY’2015.” according to the
Research Analyst, Ken Research.
The report titled “India Corporate Training Market Forecasts to 2020 – Incremental Allocation of
Training Budgets in MSMEs and PPP in Skill Development Initiatives to Propel Growth” provides
detailed overview on the Corporate Training Market. This report helps reader to identify the ongoing
trends in the market and anticipated growth in future depending upon changing industry dynamics in
coming years. The report will help existing corporate training companies and other talent and
development agencies, freelancers, consultants, emerging players who wish to capitalize the market
potential and investors who are looking forward to venture into the corporate training market in India
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to align their market centric strategies according to ongoing and expected trends in the future.
Source: https://www.kenresearch.com/education-and-recruitment/education/india-corporate-
training-market-report/34609-99.htmlhttps://www.kenresearch.com/education-and-
recruitment/education/india-corporate-training-market-report/34609-99.html
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