Market revenue in 2024 | USD 54.7 million |
Market revenue in 2030 | USD 116.5 million |
Growth rate | 13.5% (CAGR from 2025 to 2030) |
Largest segment | Stem |
Fastest growing segment | STEM |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | STEM, Non-STEM |
Key market players worldwide | Acumatica, Amazon Web Services, Adobe Inc, Articulate, City & Guilds Group, TUV Rhienland OpenSky Inc., Babcock International Group PLC, Pitman Training, Cegos, learndirect, International Business Machines Corp |
Stem was the largest segment with a revenue share of 96.89% in 2024. Horizon Databook has segmented the India technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
India has a large and growing young population, which creates a significant demand for vocational training for the skills needed for employment in various sectors. Thus, several companies are launching education programs in the country.
In March 2024, Bayer India, a pharmaceutical and biotechnology company, partnered with BharatCares, a non-profit social impact organization, to launch the Better School Program for Adpodra Group Government Primary School in Himatnagar, Gujarat, India.
The program is designed to improve educational infrastructure, offer hands-on learning experiences for students in Himatnagar, and empower economically challenged students. It will assist over 850 students from 1st to 8th grade, spread across four schools.
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