The report provides a comprehensive analysis of the potential of corporate training industry in China. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by industry vertical, by type of training service, by deployment, by designation of employee and by mode of learning; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to publisher estimates, China Corporate Training Market which grew from approximately CNY ~ Mn in 2017 to approximately CNY ~ Mn in 2022 is forecasted to grow further into CNY ~ Mn opportunity by 2027F, owing to the new government policies, technological development and investment on digitalization.
The growing popularity of mobile-based training and the emergence of IoT and wearable devices is one of the key corporate training market trends that is expected to impact the industry positively in the forecast period.
Smart glasses such as Google Glass and smartwatches, such as the Apple Watch, are rapidly gaining popularity among Yuaniences and corporate trainers to create interactive and immersive learning experiences.
Key Trends by Market Segment:
- By Deployment: Off-site has been a preferred mode especially in cases where in the client lacks the required training infrastructure and cost parameters. However, if the client is resourceful and has requirement has a lot of customizations aligned to their business goals, they might opt for an On-site training mode. Due to Covid-19 Pandemic most of the trainings was shifted to online platforms
- By Designation Of Employee: Freshers and young professionals who are just 1-3 years old in their career are given most of the non-managerial trainings. Also, Managerial trainings are on the rise in China. Managers are required to avail trainings in new innovative business models & disruptive technologies for efficient deployment of resources
Competitive Landscape
China Corporate Training Market is at growing stage and has moderately fragmented market with more than 70 players in market. Players are competing against each other on the basis of price, post training support, brand value, clientele, trainer qualifications, customizations and value-added service.Some of the major players are Ultimahub, Tang Cultural Media, Jiangsu Vital Fintech Data Corp, NobleProg.
Future Outlook:
China Corporate Industry is on the rise, and more and more Chinese companies are demanding Corporate training. Therefore, it will boost the market in China. Additionally, factors like virtual training, organizations need, investment on digitalization, work from home trainings and technological developments and rise in learning requirement will also support the market in future.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ultimahub
- Tang Cultural Media
- Jiangsu Vital Fintech Data Corp
- Hefei KJLink Technology Company Limited
- Zhejiang Unicall Information Technology Service Co., Ltd.
- NobleProg
- Jinan Tian Rui Foreign Enterprise Human Resources Service Co., Ltd.
- Nanning Corporate Training Solutions
