Landscape of the Corporate Education Market Outlook: Ken Researchby Ashish Kumar Market Researcher
The corporate preparations have also
been an effective contrivance for the employee retention which has lent a
positive push for the advancement of the market in the respective region.
However, the Saudi Arabia has been the largest market for the education
services in the Gulf Cooperation Council (GCC) economy and registered for
increasing the number of total students’ enrollments in the GCC K-12 education
system. The robust government support over the recent past years has led to the
unremitting growth of the education segment by inviting private players to
welcome the space. The three foremost corporates that superintend the functions
of the education market players in the Saudi Arabia are the Ministry of
Education, the Ministry of the Higher Education, and the Technical and
Vocational Training Corporation (TVTC).
An effective encounter for the Corporate
Education Market has been the unapproachability of any speedy measure
to instrument the effectiveness of training programs. IT/ITES registered for an
enormous percentage of the revenue creation in the market. The nature of the
exertion itself demands specialized trainings and the unremitting advancement in
the software benefits have further broadened the desires. IT corporates in
India have been apportioning months of training at an average price of INR per
enrollee. Furthermore, the Telecom has been one of the fastest increasing
segments in India, enlarging at the rate of an effective percentage per years
and has originated as one of the foremost customer base registering for the
handsome percentage of the overall revenue creating in the market.
Nonetheless, the education system in
the Kingdom is as per the Education Policy Document, which was dispensed by the
Saudi Council of the Ministers in 1969. The numerous organizations of the
government also happen together to standardize and implement the laws
distressing to the education system in the region. However, the education
industry in the Kingdom of the Saudi Arabia persuaded at a double digit CAGR
during the forecasted period. One of the foremost causes which boomed the
industry revenues during the reviewed period was the postponement of King
Abdullah Scholarship Program, (KASP) in 2012, which motivated the number of
enrollments to K-12 schools.
Although, in India, the mobile
learning is still at a bourgeoning stage and is infrequently utilized as a
training tool owing to the connectivity and bandwidth issues in the economy.
The Virtual classroom and mobile learning did not had much adhesion and would
take some more time to pick up in Indian economy. The domestic corporates in
lieu of imitating the MNC philosophy have been effectively contributing regular
training programs and positioning augmented budgets for the same.
In addition, in the Kingdom of Saudi
Arabia, the overall K-1 Education
Industry has been majorly attained by the public schools functioning in the
economy. Acceptance of the e-learning in higher education colleges underwritten
the mainstream share to the overall industry revenues in the recent past years.
The E-learning not only facilitated the authorities in getting admittance to
modern curriculum, but also sponsored the students in learning about several
other courses that were not accessible in the colleges. Therefore, the market
of the Corporate Education
Industry will increase more
significantly in the near years over the coming years.
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Ankur Gupta, Head Marketing &
Created on Oct 18th 2019 07:52. Viewed 281 times.