Education

Demand for Tech upskilling continues: 103% YOY growth in Simplilearn’s India business

The company witnessed the highest growth in the Data and AI category (88%), followed by Technology (71%), Digital Business (65%), and Digital Operations (34%)

Simplilearn, the world’s #1 online Bootcamp for digital economy skills training, witnessed a 63% overall growth in the global consumer business and 103% in the India market in Q1 FY23 (vs. Q1 FY22).

The consumer vertical has also seen significant growth in the previous quarter, aided by the latest university partnerships and the increased demand for the Job Guarantee programs across Data Science, Full-Stack Java Development, and Digital Marketing domains.

The highest growth (YoY) for the period ended Q1 FY22 has been in the Data and AI category (88%), followed by Technology (71%), Digital Business(65%), and Digital Operations(34%).

Of which, the most trending programs were Software Development with 260% growth, followed by Business and Leadership (130%), Data Science & Business Analytics (108%), Project Management (74%), DevOps (69%), AI & Machine Learning (61%) and Cyber Security (58%).

“Businesses continue to focus on digital transformation, fuelling the accelerating need for relevant, skilled talent. Students and working professionals recognize that being proficient in highly sought-after digital domains builds a high-growth career and gets much higher salaries. This trend, coupled with Simplilearn’s strong focus on career outcome-oriented programs, has enabled the exponential growth of our B2C business of over 100% in India and 63% globally this year. This sets us up well to hit the 1000cr revenue goal in FY23.”

Mr. Kashyap Dalal, Co-founder and Chief Business Officer of Simplilearn, stated,

Simplilearn’s Job Guarantee program, launched in November last year, has witnessed a steep growth of over 850% to date.

The program, which offers learners guaranteed* job placements within 180 days of getting certified, if not a complete fee refund, has also recorded a growth of 73% Q-o-Q. Further, Simplilearn’s Bootcamp program offerings, designed exclusively for the US market, recorded a 116% growth Q-o-Q.

“With the spike in demand for our offerings, we also see learners focused on intense, hands-on, and career outcome-oriented programs. Learners are willing to pay a higher price for offerings that deliver results rather than just go for lower-cost programs that may not deliver the career impact or premium credentials that they seek. This shows in our Job Guarantee programs and University bootcamps being some of the fastest growing segments.”

Added Mr. Dalal

Simplilearn holds over 3,000 live classes per month, with an average of 70,000 learners spending over 500,000 hours on the platform.

Simplilearn’s programs enable learners to upskill and become certified in popular domains.

About Simplilearn

Simplilearn, a Blackstone company, was founded in 2010 and is situated in San Francisco, California, and Bangalore, India.

It is the world’s #1 online Bootcamp for digital economy skills training. Simplilearn provides individuals and organizations worldwide with access to world-class work-ready training.
The Bootcamps are planned and delivered in collaboration with world-renowned universities, top organizations, and leading industry bodies through live online classes with top industry practitioners, sought-after trainers, and global leaders.
Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are appropriate upskilling options for different career or/and business goals, from college students and early career professionals to managers, executives, small enterprises, and large corporations.
This article was shared with Prittle Prattle News as a Press Release.
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