The Australian Training Market is driven by expanding corporate learning and development programs
The Australian training market comprises corporate training, vocational education and training, online education, and language training programs. The industry plays a critical role in developing skills among the Australian workforce and meeting the talent requirements of businesses across industrial sectors. Corporate training services aim to enhance employee productivity through skill-based and leadership development programs. Technical and vocational courses equip individuals with specialized skillsets across diverse fields. Online education platforms are gaining popularity due to the flexibility they offer. Additionally, language training programs facilitate international students looking to pursue higher education in Australia.
The Australia Training Market is estimated to be valued at USD 1.38 Bn in 2024 and is expected to reach USD 2451.8 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031
Key players operating in the Australian training market are Navitas, TAFE, Open Universities Australia, Open Colleges, and Empower Learning. Navitas is the largest private education provider in Australia with a presence in vocational education, corporate training, and online education.
Key Takeaways
Growing demand: There is increasing demand for skill-based training in
Australia Training Market due to rapid technological changes and evolving job roles. Corporates are investing heavily in developing digital, managerial, and technical competencies of employees through customized L&D programs.
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