Focus on investment on digitalization, favorable Government Policies and technological developments are major factor contributing towards development of Corporate Training Market in Indonesia
Economic Growth: The Indonesian economy has been growing at a steady pace, and this has been a significant driver of growth in the Indonesian corporate training market. Economic growth has led to an increase in demand for skilled workers, which in turn, has increased the need for corporate training program. According to data from World Bank, Indonesia’s GDP has been growing at an average rate of over 5-6% over the past few years, which is higher than the average growth rate in Southeast Asia. This grow has led to an increase in the number of businesses and job opportunity, which has further boosted the corporate training market in Indonesia.
Rising Awareness of the Benefits of Corporate Training: Companies are becoming increasingly aware of the benefits of investing in employee training, such as improved job performance, increased productivity and higher job satisfaction. For example, research has shown that employees who receive training are more likely to perform their job better and have higher levels of job satisfaction. According to a survey conducted by American Society for training and Development, company that invest in employee training experience a 24% increase in profit margin compared to companies that do not invest in training.
Demographic Changes: One of the key drivers in Indonesia Corporate training market is the increasing number of young people entering the workforce. According to the data from the World Bank, Indonesia has a young and rapidly growing workforce, with over 60% of the population under the age of 35. This has created a demand for training programs to equip young workers with the skills they need to succeed on the modern workplace. In addition, the increasing level of education among young people has also contributed to the growth of the Indonesian corporate training market, as more young people complete their education and enter the workforce. People are seeking opportunities to develop their skills and careers, and companies are investing in training program to meet the growing demand.
Analysts at Ken Research in their latest publication “Indonesia Corporate Training Market Outlook to 2027F– Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by designation of employee (managerial, non-managerial and integrated), by mode of learning (instructor led classroom only, blended learning, virtual classroom, online or computer-based methods and mobile and social learning” observed that Corporate Training Market in Indonesia is at growing stage. The AI based learning, cost-effective e-learning training, mobile-based training and the emergence of IoT along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.
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Key Segments Covered in the report:
Indonesia Corporate Training Market
By Industry Verticals
- IT/ITES
- Telecom
- BFSI
- FMCG/Retail
- Automobile
- Manufacturing
- Healthcare
By Types Of Training Services
- Technical
- Leadership
- Managerial
- Sales
- Customer Management
- Quality Training
- Technical Training
- Soft Skills
- Brand Training
By Deployment
- On-Site
- Off-Site
By Designation Of Employee
- Managerial
- Non-Managerial
- Integrated
By Mode Of Learning
- Instructor Led Classroom Only
- Blended Learning
- Virtual Classroom
- Online or Computer Based Methods
- Mobile and Social Learning
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
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Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Year: 2022
- Forecast Period: 2023-2027F
Companies Covered:
- Cognitel
- Maverick
- Dale Carnegie Training
- Deloitte Academy
- Briktru
- PwC Academy
Key Topics Covered in the Report:
- Indonesia Corporate Training Market Overview
- Supply Scenario & Decision-Making Parameters
- Business and Investment Models Indonesia Corporate Training Market
- Indonesia Corporate Training Market Size
- Indonesia Corporate Training Market Segmentation
- SWOT Analysis and Issues of Indonesia Corporate Training Market
- Porters Five Forces Analysis and Growth Driver in Indonesia Corporate Training Market
- Competition Landscape in Indonesia Corporate Training Market
- Analyst Recommendations
For more insights on the market intelligence, refer to below link:-
Indonesia Corporate Training Market
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India Corporate Training Market Outlook to 2027
India Executive Education Market Outlook to FY’2027
Global Corporate Training, Lifelong Learning and Credentialing Market