Australia Training Market Is Anticipated To Witness High Growth Owing To Increasing Demand For Up-Skilling And Reskilling Of Employees



The Australia training market provides a wide range of training programs ranging from professional training to workplace training, online training, compliance training, safety training, IT training, soft skills and leadership training to clients across various industries in Australia. The increasing focus of organizations towards developing core competencies of employees and adopting new technologies has driven the demand for training programs in the country. Need for continuous skills updation and future readiness of workforce has made training an integral part of corporate strategy in Australia.

Australia training market is estimated to be valued at US$ 1.39 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Australia training market are 360training.com, Inc,Cornerstone on Demand,DuPont Sustainable Solutions,Euro Petroleum Consultants Ltd ,Global Training Solutions, Inc. These players provide a comprehensive suite of offerings catering to varied training requirements across industries and domains.


The key opportunities in the Australia training market include growing demand for online and blended learning training models, custom training programs tailored for specific industry and job roles, micro-learning and continuing education/professional development courses. Steady rise in skill-based job openings and transformation of work environment post pandemic has widened scope for new training programs.

Globally, Australia training market players are exploring opportunities in Southeast Asian countries and engaging in partnerships with training providers to expand reach. Foreign player interest is also witnessing an uptick given strategic location and investment friendly policies of Australia.

Market Drivers

Influx of global companies increasing the need for adoption and compliance training programs in Australia. The presence of organizations from diverse sectors and domains has augmented industry specific and regulatory training needs.

Skill shortages in certain industries like healthcare, construction, technology has necessitated up-skilling and reskilling of existing workforce through targeted training programs. According to recent reports, over 3 lakh new skills will be needed by 2025 to match job requirement in Australia.

Market Restrains

High costs associated with customized and niche training programs limits their scope, especially for cost-sensitive small and medium firms.

Difficulty in retaining trained employees poaches by rival firms increases training investment risks for companies. Lack of standardization and accreditation across all training types also acts as a constrain.

Segment Analysis

The Australia training market is dominated by technical and vocational training segment. It accounted for over 35% share of the total training market in Australia in 2024. The segment is dominating as it offers industry-relevant skills and certifications required by various industries. It trains individuals for jobs in sectors such as IT, manufacturing, and healthcare. The soft skills and management training segment is also prominent and growing steadily.

Global Analysis

Regionally, the Australia training market is witnessing higher demand in Western Australia and Victoria. Western Australia dominated the regional market and accounted for around 25% share in 2024. The higher economic growth and demand from mining and resources industries is driving the training market in the region. Victoria is the fastest growing regional market owing to increased focus on technical skills from manufacturing industries. The growing workforce and investments in infrastructure projects are supporting the regional market growth of Victoria. Overall, Western Australia is expected to continue its dominance while Victoria will witness fastest gains in the Australia training market during forecast period.

Get more insights on this topic: https://www.ukwebwire.com/australia-training-market-to-witness-high-growth-owing-to-rising-focus-on-skill-development/

 

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )

 

What Are The Key Data Covered In This Australia Training Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Australia Training 's growth between 2024 and 2031.

:- Accurate calculation of the size of the Australia Training  and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Australia Training  Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Australia Training  vendors

FAQ’s

Q.1 What are the main factors influencing the Australia Training?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Australia Training  companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Australia Training’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

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