IT Training and Education market grows at rapid pace

The Indian IT Training and Education market, which is currently dollar 656 million, is growing at a CAGR of 64 percent.

However, the Indian IT e-learning market, which is currently dollar 122 million, is growing at a CAGR (Compound Annual Growth Rate) of 73 percent, said Navug Mohnot, CEO of India QAI, while announcing education ventures in this space under the name — Edista.

QAI, the leading process consulting organisation, has decided to foray into this space in order to meet the growing need for IT training and education in the country.

Quoting interesting trends in IT education, he said 29 percent of all IT training is on demand: e-learning, as it meets just-in-time training requirements, has maximum reach and no geographical boundaries, offers homogeneity and consistency in content which can be easily upgraded.

Forseeing a huge potential in this space, QAI has launched The Edista learning, an on-demand, web enabled curriculum that offers learner centric online curriculum with real time collaboration, Singh said.

The Edista Testing Institute,which is launched in India, is aimed at addressing the fast growing software testing segment, he said. The Indian software testing segment market was two billion dollars and expected to grow at eight billion by 2008 while the size of the testing training market here was dollar 6.6 million and expected to grow at a CAGR of 50 percent.

The worldwide market for testing services is forecasted to grow to USD 13 billion by 2010 with 45-50 percent getting outsourced, Singh said, quoting a Nasscom-Gartner report on the issue.

The Edista Training Institute would soon be rolled out globally, including Asia Pacific region and Africa to meet this growing demand, he said.

QAI, which were market leaders in facilitating operational excellence in it, BPO and knowledge intensive organsations would leverage its capabilities to run the Edista Suite of Education Ventures, including Edista certifications.

QAI has certified over 25,000 professionals in software industry and over 4000 in the ITES space, Singh said adding that Edista would now be the aggregation of QAI's training and education practices with its own brand and identity.

The investment for e-learning would be Rs 4 crore spread over two years. Another Rs 4 to Rs 5 crore would be largely invested for sales, marketing and brand building while another 5 crore would be pumped into the testing institute.