The Indian IT Training and Education market, which is currently $656 million, is growing at a rate of 64 per cent.
However, the Indian IT e-learning market, which is currently $122 million, is growing at a CAGR (Compound annual growth rate) of 73 per cent, 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 per cent 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 $6.6 million and expected to grow at a CAGR of 50 per cent.