Vocational Training Market in GCC to grow at a CAGR of 13.32% during the period 2016 - 2020; Finds New Report

Report forecast the vocational training market in GCC to grow at a CAGR of 13.32% during the period 2016-2020.

Governments, as well as businesses, are increasingly engaging in investments and partnerships to improve the future of vocational training. This should have a significant impact on the public as well as private vocational training providers in GCC. In GCC, vocational training is primarily pursued by students after the completion of school education, as well as by employees in corporate organizations who want to upskill themselves to compete with expatriates.

The construction sector is one of the largest employers in GCC. The majority of employment in the sector is either low-paid or requires skills in architecture and engineering. In order to fill jobs that require specialization in these skills, expatriates are given more preference. There has been a tremendous technological improvement in the construction sector, across the globe, in terms of greater automation with technologies involving 3-D printing of buildings. There will be a rise in demand for high-paying jobs, which require more job-specific task proficiency, during the forecast period.

The report covers the present scenario and the growth prospects of the vocational training market in GCC. To calculate the market size, Technavio considers the revenue generated from delivering vocational training by public and private training institutions to individual customers. The report also considers the revenue generated by entering into business agreements with organizations to provide apprenticeship programs.

The market is divided into the following segments based on regions:

• Oman
• Saudi Arabia
• UAE

According to the report, one driver leading to the growth of this market is the upsurge in employment in the construction sector. The construction sector is one of the largest employers in GCC. The majority of employment in the sector is either low-paid or requires skills in architecture and engineering. In order to fill jobs that require specialization in these skills, expatriates are given more preference. For instance, nearly 30% of the employment in Qatar is in construction; but less than 1% of Qatar nationals work in this sector.

Further, the report states that one challenge hampering this market’s growth prospects is the poor targeting of vocational training programs. The youth in GCC is a heterogeneous group, with different subgroups facing various constraints that hinder their progress in the labor market and employability. While some perceive their qualifications are inadequate for employment readiness, some graduates feel that they are overqualified for the jobs offered to them. Thus, it is essential that vocational training providers customize their programs as per the diverse needs of their target customers.

Vocational Training Market in GCC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the vocational training market in GCC: ADVETI, NIVE, Qatar Skills Academy, and TVTC.

Other Prominent Vendors in the market are: Applied Technology, Higher Colleges of Technology, Public Authority for Applied Education & Training, Kuwait Investment Authority, Luminus, and TAFE SA International.

Market driver

• Increased demand for blue-collared workforce
• For a full, detailed list, view our report

Market challenge

• Poor targeting of vocational training programs
• For a full, detailed list, view our report

Market trend

• Growing changes in business environment
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 53 pages and 27 Exhibit “Vocational Training Market in GCC 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Market segmentation by product, Geographical segmentation, Vendor landscape, Key vendor analysis, Other prominent vendors, Appendix.

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