India Executive Education Market

1. India Executive Education Market Outlook to FY’2027– Driven by Rising Skill Gap and Automation Skills Demand in Business Processes June 2022

2. 1. Executive Summary 1.1. Executive Summary of India Executive Education Market Outlook to FY’2027F 2. Country Overview of India 2.1. Country Demographics and Population Analysis, FY’2021 2.2. Education Industry Scenario in India, FY’2021 2.3. Identifying the Customer Cohorts in Executive Education Market in India 3. India Executive Education Market Overview 3.1. Genesis of Executive Education Market in India 3.2. Evolution of Executive Education Industry in India 3.3. Ecosystem of India Executive Education Market 4. India Executive Education Market Size, FY’2017-2022P 4.1. Market Overview of India Executive Education 4.2. Target Addressable Market, Service Addressable Market, and Service Obtainable Market of India Executive Education Industry 4.3. India Executive Education Market Sizing Analysis on the basis of Revenue, Number of Enrolments and Number of Programs with Trend of Fees, FY’2017-2022P 5. Indian E-MBA Services in Executive Education Market Size and Segmentation 5.1. India E-MBA Market Size, By Revenue, In INR Crores, FY’2022P 5.2. Segmentation, By Mode of Mode of Funding (Company-Sponsored and Self-Funded), FY’22P 5.3. Segmentation, By Duration of Courses (0-12 Months, 12-24 Months, >24 Months), FY’22P 5.4. Segmentation, By Type of Courses (Part-Time, Full-Time, Others), FY’22P 5.5. Segmentation, By Number of Electives Offered (0-10, 10-20, >20), FY’22P Table of Contents

3. 5.6. Segmentation, By Type of Institution (Government and Private Institutions), FY’22P 5.7. Segmentation, By Mode of Learning (Virtual, In-Person, and Hybrid), FY’22P 5.8. Future Outlook on Segmentation, By Mode of Learning (Virtual, In-Person, and Hybrid), FY’27F 6. Demand Side Analysis of E-MBA Services in India Executive Education 6.1. Customer Decision Making Parameters for E-MBA Courses 6.2. Customer Segmentation of the E-MBA Space, By Gender, FY’22P 6.3. Customer Segmentation of the E-MBA Space, By Age Group, FY’22P 6.4. Customer Segmentation of the E-MBA Space, Level of Management (Entry-Level, Junior, Middle, and Senior Management), FY’22P 6.5. Customer Segmentation of the E-MBA Space, By Work Experience (3-5 Years, 6-9 Years, 10-15 Years, >15 Years), FY’22P 6.6. Customer Segmentation of the E-MBA Space, Industries Represented on the Basis of Programs (Manufacturing, Healthcare, IT Services, Banking & Finance, Others), FY’22P 7. Supply Side Analysis of E-MBA Services in India Executive Education 7.1. Market Share of Major E-MBA Providers across Revenue, Number of Programs, and Enrolments, FY’22P 7.2. Cross Comparison of Major E-MBA providers across major decision-making parameters (such as Year of Establishment, Type of Institute, Location, Number of Programs, Type of Programs, Number of Specializations, Duration of Courses, Revenue, Minimum Work Experience Required, Average Batch Size, Number of Electives Offered, USP, Course Fees, Number of Enrolment, Mode of Learning and others, FY’22P) 8. Indian MDP Services in Executive Education Market Size and Segmentation 8.1. India MDP Market Size, By Revenue, In INR Crores, FY’2022P 8.2. Segmentation, By Course Duration (<1Week, 1 Week – 1Month and >1Month), FY’22P 8.3. Segmentation, By Type of Courses (Strategy, Leadership, Management, Marketing & Sales, Finance & Accounting, Others), FY’22P Table of Contents

4. 8.4. Segmentation, By Type of Institution (Government and Private Institutions), FY’22P 8.5. Segmentation, By Mode of Learning (Virtual, In-Person, and Hybrid), FY’22P 8.6. Future Outlook on Segmentation, By Mode of Learning (Virtual, In-Person, and Hybrid), FY’27F 9. Demand Side Analysis of MDP Services in India Executive Education 9.1. Customer Decision Making Parameters for MDP Courses 9.2. Customer Segmentation of the MDP Space, By Gender, FY’22P 9.3. Customer Segmentation of the MDP Space, By Age Group, FY’22P 9.4. Customer Segmentation of the MDP Space, Level of Management (Entry-Level, Junior, Middle, and Senior Management), FY’22P 9.5. Customer Segmentation of the MDP Space, By Work Experience (3-5 Years, 6-9 Years, 10-15 Years, >15 Years), FY’22P 9.6. Customer Segmentation of the MDP Space, Industries Represented on the Basis of Programs (Manufacturing, Healthcare, IT Services, Banking & Finance, Others), FY’22P 10. Supply Side Analysis of E-MBA Services in India Executive Education 10.1. Market Share of Major MDP Providers across Revenue, Number of Programs, and Enrolments, FY’22P 10.2. Cross Comparison of Major MDP providers across major decision-making parameters (such as Year of Establishment, Type of Institute, Location, Number of Programs, Type of Programs, Duration of Courses, Revenue, Number of Batches, Average Batch Size, USP, Course Fees, Number of Enrollment, Mode of Learning and others, FY’22P) 11. Industry Analysis: India Executive Education Market 11.1. Trends and Developments of Executive Education Market in India 11.2. Trends and Developments in End User Preferences in India 11.3. SWOT Analysis of the Executive Education Market in India 11.4. Porter 5 Forces Analysis of the Executive Education Market in India Table of Contents

5. 11.5. Growth Drivers and Enablers in Executive Education Market 11.6. Issues and Challenges in Executive Education Market 11.7. Supervisory Framework for Executive Education Market in India 11.8. Impact of COVID-19 on Demand and End user preferences in Executive Education Market 12. Snapshot on e-Learning Players in India 12.1. Competitive Overview and Genesis of the e-Learning Market in India 12.2. Competition Landscape of the e-Learning Market in India (Jaro Education, Emeritus, Jigsaw Academy, Hughes Education, NIIT Imperative Ltd., Times Professional Learning, Coursera, and UpGrad) on the Basis of Inception Year, Headquarters, Footprints (Number of Centers), Geographic Reach, Affiliations, Academic Partners, Alumni Network/Students Registered, Type of Courses Offered, Average Fees, Duration of Courses, Mode of Delivery, Eligibility Criteria, Key Target Audience, Value Proposition, Key Offerings, USP, Revenue, Academic Staff, Inception, Footprints, USP, Average Batch Size and Number of Enrollments, Revenue FY’22P 13. Future Outlook and Projections of the Executive Education Market in India, FY’2022P-2027F 13.1. Future Market Size of India Executive Education on the Basis of Revenue, FY’2022P-2027F 13.2. Future Market Size of India Executive Education on the Basis of Type of Program, FY’2022P-2027F 14. Analyst Recommendations 14.1. Industry Best Practices and Opportunities in the Executive Education Space 15. Industry Speaks 15.1. Interview: Mr. Ashish Gupta, Former Program Management Director, e-Learning Service Provider 16. Research Methodology Disclaimer Contact us Table of Contents

6. India Executive Education Market Licenses: Excel Only: USD 4,500 Single User: USD 5,000 Single and Excel: USD 6,500 Hard Copy: USD 6,500 Corporate User: USD 7,500 HOW EXECUTIVE EDUCATION MARKET IS POSITIONED IN INDIA? Overview: The Executive Education Market is expected to see significant growth in the upcoming years owing to government norms, requirement of trained and reskilled workforce for corporations and government agencies and shift to tailored courses due to its adherence to the business operations. The rising adoption of digitalization and soft skills such as Data Science, machine learning and artificial intelligence to advance up the technological ladder, coupled with shorter course durations and ease of mode of learning offered by educational institutions is propelling the market growth. Work-from-home culture & the demand for skilled labor have increased the market growth of the Executive Education in India during the pandemic. The adoption of executive education is showing an upward movement and expected to penetrate among students and rise as a prospective education option among the working executives. The impact of COVID-19 has impacted the student’s preference of mode of learning with increasing internet penetration to overcome the employment insecurity for the private sector employees during economic crisis. The Executive Education Market in India is segmented among E-MBA and MDP courses on the basis of revenue, enrolments and number of programs and will grow at a CAGR of 3.3% over the period FY’2022P-2027F. Pages: 142 Author: Preet Kaur, Shruti Singla Related Reports: UK Executive Education Market Outlook to 2023 - By Type of Management Development Programs (Finance, Strategy, Leadership, Ethics and others), By Duration of the Course (1 day, 1-2 days, 2-3 days, 3-5 days, 5-10 days and 10+ days) and By Type of Universities (Private and Public) Figure: India Executive Education Market Sizing Analysis on the Basis of Revenue, FY’2022P-2027F 1200 1150 Singapore Executive Education Market Outlook to 2023 - By Type of Program (EMBA and MDP), By Funding of the Program MDPs (Company Sponsored and Self Funded) and EMBA (Self Funded, Partial Funding and Company Sponsored), By Duration MDP (1-7 days, 7-14 days and more than 14 days) and EMBA (up to 12 Months, 12-24 Months and More than 24 Months) 1100 1050 1000 Australia Executive Education Market Outlook to 2024 –Driven by Rising Popularity of Online Education and Launch of Innovative Programs 950 FY’2022P FY’2023F FY’2024F FY’2025F FY’2026F FY’2027F Market Size, (in INR Cr)

7. India Executive Education Market INDIA EXECUTIVE EDUCATION MARKET SEGMENTATION workforce will lead to more demand from the workforce for the executive education. Over the near term, number of E-MBA and MDP courses are expected to grow at a CAGR of ~% and ~% respectively over the period FY’2022P to FY’2027F. By Type of Programs: E-MBA courses provide majority Revenue with ~% of market share in the total Revenue of Executive Education market in India. Online mode of learning is prevalent compared to offline programs, and MDP courses accounts for majority of the demand for Executive Education. Figure: Number of MDPs Programs in India Executive Education, FY’2022P – FY’2027F Table: India Executive Market Segmentation by Type of Program on the Basis of Revenue in (%), FY’2022P & FY’2027F Type of Program E-MBA FY’22P (in %) FY’27 (in %) ~ ~ MDP ~ ~ Total ~ ~ By Course Duration: Courses having the duration of less than one week dominates in MDP market on the basis of number of programs offered by the colleges. However, least share has been accounted by the courses having the duration of 1 week – 1 month. FY’2022P FY’2027F Number of MDPs Figure: Number of E-MBAs Programs in India Executive Education, FY’2022P – FY’2027F Table: India Executive Education Segmentation by Course Duration for MDP On the Basis of Programs in (%), FY’2022P Course Duration <1Week FY’22P (in %) ~ 1 Week – 1 Month ~ >1 Month ~ Total ~ ASSESING THE GROWTH IN E-MBA AND MDP MARKET FUTURE OUTLOOK AND PROJECTIONS Executive Education market will be affected by number of programs offered and mode of learning in the near future. In future, new technologies (software and hardware) in the market coupled with exposure of newer skills to the FY’2027F FY’2022P Number of E-MBAs © Licensed product of Ken Research; should not be copied

8. India Executive Education Market COMPETITION LANDSCAPE IN INDIA EXECUTIVE EDUCATION MARKET The competition for executive education market was observed to be highly fragmented in India. ISB Hyderabad is the market leader in the E-MBA Market basis revenue whereas ICFAI Business School and All India Management Association contributed major market share on the basis of enrolments in India Executive Education Market. Other market players in E-MBA Market in India are IIM Ahmedabad, IIM Raipur, Great Lakes Institute of Management and many more. IIM Bangalore is the market leader in the MDP Market basis revenue and enrolments. XLRI and IIM Ahmedabad also contributes major market share on the basis of enrolments in India Executive Education Market. Other market players in MDP Market in India are XLRI, IIM Kozhikode, IIM Calcutta and many more. Institutes in Executive Education Market in India are competing based on Program Features, Program Range, Value Proposition, Program Pricing, Global Recognition, Enrolments and Batch Size, Learning Model and Others. Table: Cross Comparison of Major Players in E-MBA Space Parameters Inception year ISB ICFAI IIM Ahmedabad AIMA Others ~ ~ ~ ~ ~ Type of Institute ~ ~ ~ ~ ~ Ownership ~ ~ ~ ~ ~ Location ~ ~ ~ ~ ~ # of Programs ~ ~ ~ ~ ~ #of Specializations ~ ~ ~ ~ ~ Electives Offered ~ ~ ~ ~ ~ Course Duration ~ ~ ~ ~ ~ Mode of Learning ~ ~ ~ ~ ~ Type of Course ~ ~ ~ ~ ~ Funding Type ~ ~ ~ ~ ~ Value Proposition ~ ~ ~ ~ ~ Eligibility Criteria ~ ~ ~ ~ ~ Fees (in INR) ~ ~ ~ ~ ~ Enrolments ~ ~ ~ ~ ~ Revenue (in INR), FY’22P ~ ~ ~ ~ ~ © Licensed product of Ken Research; should not be copied

9. India Executive Education Market Table: Cross Comparison of Major Players in MDP Space Parameters Inception year IIM Bangalore IIM Ahmedabad XLRI IIM Calcutta Others ~ ~ ~ ~ ~ Type of Institute ~ ~ ~ ~ ~ Ownership ~ ~ ~ ~ ~ Location ~ ~ ~ ~ ~ # of Programs ~ ~ ~ ~ ~ Course Duration ~ ~ ~ ~ ~ Mode of Learning ~ ~ ~ ~ ~ Type of Course ~ ~ ~ ~ ~ Value Proposition ~ ~ ~ ~ ~ Fees (in INR) ~ ~ ~ ~ ~ Enrolments ~ ~ ~ ~ ~ Revenue (in INR), FY’22P ~ ~ ~ ~ ~ Table: Cross Comparison of Major Players in Virtual Learning Space Parameters Inception year Jaro Education Emeritus Jigsaw Academy Hughes Education Others ~ ~ ~ ~ ~ Headquarters ~ ~ ~ ~ ~ Footprint ~ ~ ~ ~ ~ Geographic Reach ~ ~ ~ ~ ~ Business Model ~ ~ ~ ~ ~ Alumni Network ~ ~ ~ ~ ~ Academic Partners ~ ~ ~ ~ ~ Type of Course ~ ~ ~ ~ ~ Mode of Delivery ~ ~ ~ ~ ~ Course Duration ~ ~ ~ ~ ~ © Licensed product of Ken Research; should not be copied

10. India Executive Education Market Parameters Jaro Education Emeritus Jigsaw Academy Hughes Education Others Eligibility Criteria ~ ~ ~ ~ ~ Key Target Audience ~ ~ ~ ~ ~ Value Proposition ~ ~ ~ ~ ~ Key Offerings ~ ~ ~ ~ ~ USP ~ ~ ~ ~ ~ Key Features ~ ~ ~ ~ ~ Average Fees (in INR) ~ ~ ~ ~ ~ Batch Size ~ ~ ~ ~ ~ Enrolments ~ ~ ~ ~ ~ Revenue (in INR), FY’22P ~ ~ ~ ~ ~ Recent Developments ~ ~ ~ ~ ~ Strengths ~ ~ ~ ~ ~ Weaknesses ~ ~ ~ ~ ~ © Licensed product of Ken Research; should not be copied

11. India Executive Education Market MAJOR PLAYERS COVERED IN INDIA EXECUTIVE EDUCATION MARKET Parameters Major Players E-MBA Course Providers • IIM Ahmedabad • IIM Bangalore • ISB Hyderabad • Great Lakes Institute of Management • ICFAI Business School • XLRI • IIM Calcutta • All India Management Association • S.P.Jain Global Institute • IIFT Delhi • Others MDP Course Providers • IIM Ahmedabad • IIM Bangalore • IIM Calcutta • IIM Lucknow • ISB Hyderabad • Great Lakes Institute of Management • XLRI • All India Management Association • MDI Gurgaon • IIM Kozhikode • Others  Major Players in India Executive Education Market  • • • • • • • • Jaro Education Emeritus Jigsaw Academy Hughes Education NIIT Imperative Ltd. Coursera Times Professional Learning UpGrad Major Players in Virtual Learning Space of Executive Education Market © Licensed product of Ken Research; should not be copied

12. India Executive Education Market RESEARCH METHODOLOGY Parameters Description • Secondary Research  Company Profiles  Company Reports  Company Annual Reports  Data From Various Sources  Government Associations  Industry Articles  Journals  Magazines  Online Articles Primary Research  Interviews with industry experts  Interviews with Executive Education Providers  Interview with end users like corporations and government agencies Research Sources • • General consensus on data collected from primary research and public and proprietary databases has been reached by conducting in-house decision tree analysis of the data points available and by comparing it with macro-economic factors. Data has been collected and verified through cross-sanity checking between primary and secondary sources. Sanity Checking • • • Exhaustive research conducted to identify the players offering quick delivery services in India. Analysts have adopted a Bottom-to-Top approach to build the market size on the basis of Number of Batch Size, Enrollments and Course Fee. Above mentioned data were then multiplied to obtain the Revenue over the years. CATIs with the management to understand their operating and financial indicators including business model, revenue for each type of program, average batch size, Enrollments in each program, Yearly change in fees, courses offered future strategies & future plans. Sanity Checking from Industry Veterans and Professionals Market Sizing Approach • • • There might be a case that the chief executives / representatives might be bullish with the numbers. We have cross checked and revalidated the data, collected with our hypothesis and question them on the numbers. But in the end, justification provided by a primary might/might not be satisfactory on the numbers as there is no right mechanism to revalidate their numbers. Henceforth in this scenario, the team had to apply a discounting factor to the numbers decided through interviews conducted from other industry representatives since it appeared bullish to our logical thought process. The batch size for each course is taken as the average batch size or the minimum batch size for that particular course. The actual number of students in a particular batch for a particular course might differ from the average batch size taken. The fee considered for a particular course only includes the tuition fee for that course. It does not include application fee, administration fee or any other fee applicable in that course. The fee considered also does not include any travel, accommodation or visa charges. Limitations • • • • Base Year: FY’2022P Forecast Period: FY’2022P-2027F Time Period Captured © Licensed product of Ken Research; should not be copied

13. India Executive Education Market SAMPLE SIZING INCLUSION Stakeholders B-Schools Sample Size (out of 300 respondents) 150 respondents Virtual Learning Institutions 100 respondents Industry Experts 50 respondents Stakeholder’s Composition C-Level Executives 13% Directors and VPs 25% Industry Experts 40% Others (includes operational heads, department heads and more) 22% Total 100% KEY FACTORS CONSIDERED IN THE REPORT • • • • • • • • • • • • • • • India Socio-Demographic Overview and Education Market Snapshot India Executive Education Market Overview Executive Education Market Ecosystem in India India Executive Education Market Size and Segmentation E-MBA and MDP Services Industry Overview E-MBA and MDP Services Industry Market Segmentation E-MBA and MDP Services Industry Demand Analysis E-MBA and MDP Services Industry Competitive Landscape E-MBA and MDP Services Industry Future Market Segmentation Trends and Developments in India Executive Education Market SWOT Analysis of India Executive Education Market Impact of COVID-19 on Demand and End user preferences in Executive Education Market Cross Comparison of Major E-MBA and MDP Players Snapshot of e-Learning Providers in Executive Education in India Future of Executive Education Space in India © Licensed product of Ken Research; should not be copied

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