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March 23, 2018

Vocational Training Market to grow at CAGR of 13.32% in Gulf during 2016-2020

UAE : As per the GCC research report, analysts forecast the global Vocational Training Market in Gulf Cooperation Council (GCC) to grow at a CAGR of 13.32% during the period 2016-2020.

The construction sector is one of the largest employers in GCC. The majority of employment in the sector is either low-paid or requires skills in architecture and engineering. In order to fill jobs that require specialization in these skills, expatriates are given more preference. There has been a tremendous technological improvement in the construction sector, across the globe, in terms of greater automation with technologies involving 3-D printing of buildings. There will be a rise in demand for high-paying jobs, which require more job-specific task proficiency, during the forecast period.

The basis of the analyses focuses on the major drivers and restraints for the key players. Key Vendors like ADVETI, NIVE, Qatar Skills Academy,  TVTC and few others are considered for the study. The parameters considered for evaluation include market potential for each geographical region (Oman, Saudi Arabia, UAE) based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

Note: News shared for public awareness with reference from the information provided at online news portals.

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