Future Outlook of Indonesia Corporate Training Market: Ken Research

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:-

https://www.kenresearch.com/education-and-recruitment/education/indonesia-corporate-training-market-outlook-to-2027/596306-99.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.