The China Corporate Training Market is growing owing to virtual training, organizations need and rise in learning requirement: Ken Research

Focus on investment on digitalization, work from home trainings and technological developments are major factor contributing towards development of Corporate Training Market in China.

Induction of Technology in Corporate training: In order to secure effective training delivery, organisations will be forced to outsource the training process as it is so heavily dependent on technology. For the purpose of preparing managers, businesses can also use the services to train the trainers. Businesses are interested in exploring various digital learning approaches, including virtual learning, social learning, mobile learning, and micro-learning platforms.

Low running cost and better information on capital investment decision: To ensure workforce efficiency, an increasing number of organizations in China has modernized their training environment by incorporating e-learning tools. Learning management systems, which provide all of the requirements for successful training practice management, such as performance management, administration, and content management, as well as the delivery of distinct and customized courses for employees, complement these solutions. As a result, people's attention is shifting to online learning platforms, which is helping the LMS market grow.

Impact of Covid-19: The market for corporate training has been adversely affected by the COVID-19 pandemic. Around the world, the COVID-19 has resulted in the loss of 195 million jobs. Additionally, in terms of percentage, the pandemic's effects on employment have been worst in China. Due to budget restrictions in the business sector as a result of the global economic upheaval, R&D teams faced numerous difficulties in demonstrating the Return of investment of their training programs. Due to covid-19, the digitization and offline to online transformation has fast forwarded by 2-4 years. New ways of imparting training such as Blended Learning, Virtual Classroom and Online and computer-based methods have emerged.

Downsizing market: There are unprecedented economic challenges which have dampened the overall business environment. Companies are experiencing falling consumer demand and are losing excessive amount of money. Various companies are also expected to resort to downsizing to compensate for the loss. As a part of business cost cutting, companies are also expected to slacken their training expenditure.

Analysts at Ken Research in their latest publication “China Corporate Training Market Outlook to 2027F- Segmented by rising enterprises, technological developments and market investment” observed that Corporate Training Market in China 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 2023-2027F.

Key Segments Covered in the report:-

China 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

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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

Time Period Captured in the Report

Historical Period: 2017-2021

Base Year: 2022

Forecast Period: 2023-2027F

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Companies Covered

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

Key Topics Covered in the Report:

China Corporate Training Market Overview

Supply Scenario & Decision-Making Parameters

Business and Investment Models China Corporate Training Market

China Corporate Training Market Size

China Corporate Training Market Segmentation

SWOT Analysis and Issues of China Corporate Training Market

Porters Five Forces Analysis and Growth Driver in China Corporate Training Market

Competition Landscape in China Corporate Training Market

Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

China Corporate Training Market

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