The report titled “India
Career Skilling Landscape: Understanding the Perspective of Students, Working
Professional, College and Employers” provides a comprehensive analysis on the Need and
Demand for Career Skilling platforms in India from fresh graduates and Working
Professionals with 0-1 years of experience. The report covers pain points of
College Graduates, Working Professionals, Higher Education Colleges and
Employers, TAM, SAM & SOM for Career Skilling programs, Government Initiatives,
Evolving sector wise skill needs, Future workforce, Demand Supply Gap, Online
Education Market, Ecosystem of Major Players, COVID Impact, Journey of a Job
Seeker, Recruitment Journey of an Employer, Trends in GIG Workforce and Survey
Analysis of Target Audience. The report concludes with analyst recommendations
highlighting a proposed business framework in terms of Course Structure and
Strategic Partnerships.
Need and Pain Points
The
need for Career Skilling platforms among graduates and Working Professionals is
continuously growing over the years in India. Lack of course comprehensiveness
and career counseling at college level along with disappointments from
Employers in terms of attitude, skill and knowledge misalignment among hired
entry level graduates highlighted the demand for career skilling platform to
make these graduates employable in India.
Emerging Sectors and their Skill Needs
Skill
needs among various sectors are
evolving with the changing roles in India. ~Mn jobs (which is % of total
jobs) are created every year are for Entry Level Recruits across all the
sectors in India. Hiring Intent among Employers across different sectors has
continuously improved over the years. BPO (~%), BFSI (~%), IT (~%) and
Manufacturing (~%) are some of the sectors that recorded highest hiring intent
for entry level recruits in the country.
Demand and Supply side of Jobs
Government
initiated various programs to increase the number of skilled individuals for
different job roles across various sectors in the country. One job is available
for every ~ number of potential job seekers. However, the final selection ratio
on the other hand is very high and stood around ~ (i.e. number of candidate
screened versus finally selected). Candidates’ that are available and demanding
jobs versus Supply of Jobs resulted in higher Proportion of Candidates opting
for Career Skilling Programs in the country.
Survey Analysis
0-1 Year Working Professionals: % of 0-1 year working professionals are looking for a job
change or will look for a job change in next 2-3 months as a result of
expectations mismatch and desired roles in their current company. ~% working
professionals are willing to take up career skilling courses within next 2-3
months in order to improve their existing skill sets.
Employers: Employers
are unable to find enough specialists in Real Estate, BFSI and Energy followed
by IT and FMCG sector in the country as a result of lack of employability
factor among the talent pool in the country. Employers have recorded ~%
attrition rate in hired entry level recruits in their companies due to mismatch
in work role, low productivity and inability to handle work pressure.
Competitive Landscape
of India Professional Skilling Market
Higher
Education and Professional Skilling industry in India is highly fragmented
space with 80-100 players wherein more than ~% is captured by 20 players in the
country in terms of number of revenue. Major players in the market include Eruditus
& Emeritus, NIIT, Simplilearn, Upgrad, Great Learning, Talentedge and
others.
Players
in markets compete on basis of user base in terms of enrollments, Revenue and
type of course structure.
India Career Skilling Market Future Landscape: Professional Skilling and Online Higher Education market in
Career Skilling space in India is expected to witness a double digit CAGR in
the forecasted period 2020-2025. Increasing demand of employable entry level
workforce across different sectors for different job domains will increase the
user base on such platforms. Sectors with highest growth in future in terms of
total Employment workforce are Pharma & Healthcare, BFSI,
Telecommunications and IT. Maximum share of employment workforce for Entry
level graduates will be recorded by FMCG/Retail, Pharmaceuticals and
Healthcare, IT & ITES and BFSI.
Key Segments Covered:-
Demand Supply Gap (Number of Job Seekers and Jobs Available)
Target Addressable Market
Service Addressable Market
Service Obtainable Market
Online Ed-Tech Market (Revenue)
Higher Education
Professional Skilling
Technical Skills
Soft Skills
By Sectors (Employment Workforce)
IT & ITES
Retail & FMCG
Pharma & Healthcare BFSI
Manufacturing
Automobile
Telecom & Allied
BPO, KPO
Others
Companies Covered:-
Major Companies
Eruditus &
Emeritus
NIIT
Simplilearn
Upgrad
Great Learning
Talentedge
Coursera
Jaro Education
Edureka
Hughes Global
Education
Talent Sprint
Imarticus Learning
Udacity
Edx
Harappa
Mentorica
Key Target Audience:-
Career
Skilling Companies
Professional
Skilling Companies
Ed-Tech
Companies
Independent
Investors
Government Ministries
Industry Associations
Universities
Corporate Training
Companies
Venture Capital Firms
Key
Topics Covered in the Report:-
Pain Points of
Graduates, Working Professionals, Colleges, Government and Employers
India Ed-Tech Market
by Revenue
India Professional Skilling
Market by Revenue
Ecosystem of Major
Players in Online Skilling Landscape
Market Shareof Major
Players in Higher Education & Professional Skilling Market
Target Addressable
Market in terms of Career Skilling platform Potential Users
Service Addressable
Marketin terms of Career Skilling platform Potential Users
Service Obtainable
Market in terms of Career Skilling platform Potential Users
Demand and Supply side
of Jobs Market
Sector wise Employment
Workforce Needs and Demand for Entry Level Recruits
Employer Recruitment
Journey
Job Seeker Recruitment
and Skill enhancement Journey
Survey Analysis on Job
Seekers (Graduates), 0-1 Year Working Professionals and Employers
Snapshot of GIG workforce&
Skill Requirements in India
Job Role wise required
Skill Sets in India
Analysts’
Recommendations
For More Information on
the research report, refer to below link:-
Related Reports:-
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