What is Vocational Training?
Vocational training is the education for skills development or instruction programs for enhancing or developing specific skills. The vocational training can opt for job requirements as well as personal skill development. It prepares students or corporate professionals for a specific career or job requirement. It covers a wide range of industries such as education, technology, corporate, retail, hospitality, and other industries.
The market study is broken down by Type (On-the-Job Training, Tech Prep Education, Postsecondary Vocational School, Distance Learning Programs and Others), by Application (Certificate I to IV, Diploma, Advance Diploma, Vocational Graduate Certificate/Diploma, English Language Courses and Others) and major geographies with country level break-up.
Cegos, SA (France), Blackboard Inc. (United States), Cisco Webex (Cisco Systems) (United States), Desire2Learn (D2L) (Canada), IBM Skills (United States), Lumesse (SABA Software) (United States), Microsoft Corporation (United States), City & Guilds (Kineo) (United Kingdom), Fischer, Knoblauch & Co. (Germany), Durr Group (Germany), Kohlberg Kravis Roberts & Co. L.P. (United States) and Assima Plc (Klimvest) (Canada) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Vocational Training market by Type, Application and Region.
On the basis of geography, the market of Vocational Training has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Training, the sub-segment i.e. Technical will boost the Vocational Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Trade Schools will boost the Vocational Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 31st July 2020, KKR, a leading global investment firm, and MasterD, the leading vocational training company in Spain, announced an agreement for KKR to acquire a majority stake in MasterD. MasterDs’s founder, Luis Gomez, and the management team will reinvest alongside KKR. Further financial details are not disclosed.
"The federal government provides the legal framework for initial vocational education and training through laws and ordinances. The term “training regulation” refers to a set of regulations laying down the objectives, content, and examination requirements for company-based initial vocational training. These are enacted by the relevant federal ministries in concert with the Federal Ministry of Education and Research (BMBF) by means of ordinances that do not require approval from the upper house of parliament (Bundesrat). They apply nationwide and have the force of legislation."
- Increasing Popularity of On-the-Job Vocational Training
- K–12 Vocational Education in on Trend
- Growing Demand for the Skills Development Among Students
- Demand for the Expertise in Various Skill Set in Corporate Industry
- Rising Spendings of People on Vocational Training and Skill Development for the Job Requirements
- Limited Vocational Training Reachability in Rural Areas of the World
- Stringent Regulatory Guidelines on the Vocational Training
Key Target Audience
Vocational Training Providers, Vocational Training Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
During this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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