IDC Forecasts the IT Training Market for Asia/ Pacific Excluding Japan to Reach Over US$ 2.5 Billion by 2004
FRAMINGHAM, MA – AUGUST 28, 2000 – As the demand for IT professionals in the Asia/Pacific IT industry increases, the requirements to train these professionals will also grow. IDC forecasts in the Asia/Pacific region alone, over 21.7 million IT worker hiring requisitions must be fulfilled if the projected IT industry growth is to be achieved. Consequently, IDC forecasts revenues will increase from US$981 million in 1999 to US$2.5 billion for the Asia/Pacific IT training market.
"The management of worker attrition will become the most important strategic area of competition in the IT industry in years to come," said Sujoy Sen, senior analyst with IDC’s Asia/Pacific Services research. The recognition of knowledge and skills as a critical resource in the global economy, along with rapidly changing technology and small labor pools, has led to an increasing focus on continuous learning.
India currently represents 21% (or US$ 216 million) of the total spending on IT training in the region and is expected to be the leading contributor in the region throughout the forecast period, reaching revenues of US$695 million by 2004. This is because, driven by a worldwide demand for software development exports, India currently accounts for 60% of the total Asia/Pacific demand for IT professionals.
There will be a significant shift in "training channels" to market seen during this period. Currently instructor led training (ILT) accounts for 87% of the total delivery media in the region. By 2004 IDC expects this to have dropped to only 74% as ILT is challenged by elearning and CD-ROM as alternative mediums of delivery.
The use of the Internet as a delivery method is gaining prominence. eLearning will grow at a 94% compound annual growth rate between 1999 and 2004 to reach US$235 million. This growth will be largely driven by Australia, which will account for almost half of the elearning market in Asia/Pacific at the end of the forecast period.
A recent IDC study of the market has identified certain trends in this area. These trends include an increasing demand for IT certification, the need for rapid deployment of localized content, the increasing tendency to bundle IT training as part of system integration contracts, and the increasing importance of Web-based training. These are discussed in greater detail in a IDC’s recent report Internet Impact on IT Education and Training in Asia Pacific (IDC #AP2518G and #AP2519G). The report explores the Asia/Pacific IT education and training markets. It discusses leading trends in the market, provides market sizing and growth rates, and identifies emerging market opportunities for firms involved in the IT education and training industry. It then proceeds, in the second volume, to profile 17 leading players in the Asia/Pacific IT training and education market. For further information or to purchase the report, contact Jim Nagle at email@example.com or 1-800-343-4952 extension 4549.
IDC delivers dependable, high-impact insights and advice on the future of ebusiness, the Internet, and technology to help organizations make sound business decisions. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies, and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 600 analysts in 43 countries worldwide. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at http://www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
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