Australia Training Market Analysis

The Australia Training Market is estimated to be valued at USD 1.38 Bn in 2024 and is expected to reach USD 2451.8 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. The job market demands in technical skills and chronic skills shortages in Australia has been driving increased spending on vocational and educational training by both individuals and organizations looking to bridge this skills gap.

The market has been witnessing rapid digital transformation with growing adoption of online and blended learning models. This has pushed many training providers to introduce online learning platforms, immersive technologies like augmented and virtual reality and incorporate adaptive learning and gamification elements in their course offerings. Rising internet and smartphone penetration along with the flexibility and cost benefits of e-learning are some key factors fueling the increased preference for technology driven online training programs.