India, with its huge population, is the most exciting higher education market in the world.
The education and training sector in India is standing at $600 billion and the private education segment alone is expected to cross $45 billion mark by 2015 from the present $35 billion, according to a research by Investor Relation Society. This sector is named as the major employment driver in India. It is expected that employment opportunities will continue to grow in this sector for the next two decades.
The higher education system in India has witnessed remarkable growth in the past few years. India is definitely ahead of other developed countries in the field of education and training. The number of institutes offering higher education is much more in India when compared to China and the US. A latest report by Ernst & Young states that the number of institutes offering higher education in India is 44,668. Of that, 33,668 offer various degrees and the rest offers diplomas. The total number of institutes in China is 4,192, while in the US, the number is 6,500.
According to the E & Y report, the number of students pursuing higher education is also on the rise.
Based on this observation, several foreign institutions are foraying into India. This is expected to boost the quality of education in the country.
Education and training sector is undergoing a sea change in the recent past with the focus shifted from public to private sector. Private sector is also actively involved in education and its role will become more poignant in days to come. The private sector’s role in the higher education sector has been growing at a rapid pace over the last decade and needs to further expand at an accelerated rate.
The education market is now thriving on the back of the workforce proving itself equal to their counterparts elsewhere in the world in productivity. Given the predominantly young population, the education market is bound to accelerate rapidly.
According to the Investor Relation Society research, skill and vocational training are fast throwing good amount of employment opportunities in the education space in India.
Besides low employability of students, poor performance in international ratings, shortage of trained faculty, poor infrastructure of institutes and limited scope for research are some of the hindrances for the education and training sector in India.
Change is not new to Training and Development sector. The advancements in technology and individuals learning behavior has always been bringing up some new trends for us to watch. Let’s have a look at some trends and find out what is currently happening in the Training and Development area.
Increasing Demand for M-Learning:
Our new modern workplace roles with every day challenges and training needs do not give us time to build a training deck and arrange a trainer. Today’s managers work more from their homes and off shore rather than from their business desk. So the organizations are moving towards M-Learning to ensure that their mobile workforce learn while they are on the move.
2011 Mobile Learning Guild Research report says “Mobile is booming, and M-Learning is following along”. This report indicates that companies are progressing on the mobile front, and we can expect to see an increase in percentage of companies that plan to do more.
More Focus on eLearning:
Almost all major companies are using some form of online learning to train their employees. Unlike past where they used to focus more on mandatory trainings or highly focused trainings that address their pressing business problems /challenges, organizations are now investing more and more in personal development programs to increase employee productivity.
According to New Ambient Insight Report, the Asian eLearning market is expected to reach $11.5 billion by 2016.
“eLearning representing $56.2 billion of $200 billion Corporate training industry today will grow into a $107 billion market by 2015” says GIA – Global Industry Analysts.
Therefore eLearning is surely to grow.
Technology Playing a Big Role in Classroom Trainings:
Even though technology has come a long way, organizations continue to value the learning that comes from personal interaction with expert instructors and learning that happens among peers in specially designed environments.
So they are investing more and more in classroom training to improve its effectiveness. Organizations are contributing to learning by providing smart devices such as tablets to enhance classroom experience. Instructors using Videos to explain and access to internet are also some new trends.
Training through Smaller Chunks of Information:
Organizations are now using technology to provide information in smaller chunks that can help learner to get access only to what they want and not to everything they have .This meets their business objective of teaching and does not become heavy on the learner’s pocket. This foresees more demand for craft training.
Collaborative learning is being given high priority now-a-days because people learn more and quickly through sharing and listening to each other. So this is another area where people are focusing to come up with solutions to offer training at a professional level.
These are some trends that I could see in the area of training and development.
Enjoyed what you learned and have something to share? Do share your thoughts with us.