Vocational Training Market In Gcc Will Grow At A CAGR Of 13.32% During The Period 2016-2020

Researchmoz added Most up-to-date research on "Vocational Training Market in GCC 2016-2020" to its huge collection of research reports.

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.

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

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Covered in this report
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

New report, 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 vendors
ADVETI
NIVE
Qatar Skills Academy
TVTC

Other prominent vendors
Applied Technology
Higher Colleges of Technology
Public Authority for Applied Education & Training
Kuwait Investment Authority
Luminus
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?

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