The Corporate Training industry in Malaysia is a rapidly growing sector that provides essential training services to businesses across various industries. As of 2022, the industry has generated an estimated RM 3.5 billion in revenue, with over 20,000 people employed in the sector. In this article, we will examine the key factors contributing to the growth and success of the industry, explore the industry's growth and comparison to the previous years, identify key trends including technological disruptions, analyze the challenges facing the industry, and offer insights into the future outlook.
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ADAM KHOO LEARNING TECHNOLOGIES GROUP
197
+65 6274 0105
Adam Khoo Learning Technologies Group (AKLTG) is the largest training company in Singapore. Founded in 2002, we have trained over 560,000 people in Singapore, Malaysia, Indonesia, Hong Kong, Thailand and Vietnam to achieve breakthrough results in their lives.We believe that in the 21st Century Knowledge Based Economy, POWERFUL KNOWLEDGE is what gives people the competitive edge to succeed in today’s world. It is what separates the winners from the rest. At AKLTG, It has been our mission to bring out the highest potential in every human being. We achieve this by inspiring change in mindsets and empowering people with the latest and most powerful knowledge and strategies.
LITHAN
332
+65 6324 9730
Bridging talent crunch and income inequality with eduCLaaSOur mission is to develop future ready skills and talents for the new digital economy. Through Competency Learning as a Service (CLaaS), we deliver Competency-based Curriculum, Work-integrated Applied Learning, and Personalized Blended Learning over the cloud, on-demand. We are the lifelong career progression and learning partner of individuals and a total talents and training solutions provider for enterprises. We measure our success on our ability to enhance our learners’ job performance and deliver tangible outcomes for their employers. Visit www.lithan.com
COACHHUB - THE DIGITAL COACHING PLATFORM
1,382
+65 6111 2611
CoachHub is the leading global talent development platform that enables organizations to create a personalized, measurable and scalable coaching program for the entire workforce, regardless of department and seniority level. By doing so, organizations are able to reap a multitude of benefits, including increased employee engagement, higher levels of productivity, improved job performance and increased retention. CoachHub’s global pool of coaches is comprised of over 3,500 certified business coaches in 90 countries across six continents with coaching sessions available in over 60 languages. CoachHub is incredibly proud of its reputation as an outstanding place to work. Its vision to ‘help organizations to unleash their people’s full potential’ attracts people from all corners of the globe, with its 900 ‘CoachHubbers’ hailing from 63+ countries worldwide. CoachHub is consistently recognized on Glassdoor for its impact-driven work & thriving company culture.CoachHub is backed by leading tech investors, including Sofina, SoftBank Vision Fund 2, Molten Ventures, Speedinvest, HV Capital, Partech, and Silicon Valley Bank/SVB Capital.
DALE CARNEGIE TRAINING
2,118
+65 6220 3836
Dale Carnegie helps people from all walks of life become fearless, giving leaders the confidence they need to get the most out of life and work. For more than 100 years, Dale Carnegie has helped communities prosper by improving the personal and financial well-being of the people who live there, and the companies that do business there. Today, we continue to show people both through in-person and online courses how to tap into the best parts of themselves to create positive change. Our instructors and training, both in-person and online, empower top-tier organizational performance through actionable, collaborative and highly engaging learnings. Plus, through on-demand courses available online, we inspire leaders and their teams seeking to reskill and upskill for the new workplace or enact change in their organizations.Dale Carnegie Unlimited: A Live Online Subscription is a holistic and scalable experience customized to meet clients where they are at in their learning journey.Emphasizing practical principles and processes, Dale Carnegie designs training programs that offer people the knowledge, skills, and practices they need to add value to any business. The company also specializes in connecting proven solutions with real-world challenges, helping people discover the unsuspected strengths they have to improve their lives personally and professionally. We offer a variety of courses under six core topics – leadership, organizational development, people skills, communication, sales, and customer service - designed to expand and sharpen your or your employees’ skills for a more successful career. Over more than a century, the company has helped eight million-plus individuals tap capabilities they did not know they had and achieve results they did not imagine were possible.A rich history, a proven, innovative process, and a new learning platform eVolve, has connected Dale Carnegie training people around the world seeking real transformation and impact.
INFO TREK
89
+60 13-833 7318
Incorporated in 1996, Info Trek has the experience of over 19 years in providing training and learning solutions. Our mission is to become the business partner of our customers by enhancing their staff competencies and competitiveness through solid training plan.We aim to transform companies from good to great through result-oriented training programs. We offer high quality trainings, certified programs, project consultancies, project monitoring advices, as well as customized in-house training programs. In addition, we also advise and facilitate our customers in various grant applications and claim submissions.
MOMENTA GROUP
43
+65 8613 5868
momenta is a performance improvement firm driven to make a difference in organizations through their best assets – people.Our solutions incorporate our client’s values, processes, products and propositions.momenta is one of Asia-Pacific’s leading business transformation and people development companies with presence in Singapore, Malaysia, Indonesia, Brunei, Philippines, Vietnam, Hong Kong, Taiwan, Japan and India.Developed by a team of multicultural and multilingual consultants who are backed by years of real-life industry experience, our solutions are built on cutting-edge methodology that makes learning stick.Our Mission >> Multiply blessings through great leaders.Our Vision >> Most admired people performance partner in Asia.
MOMENTUM INTERNET SDN BHD
30
+60 7-776 0376
Momentum Internet Sdn. Bhd. telah ditubuhkan pada 07 Februari 2014 oleh Mohd Najib Bin Asaddok, Ketua Pegawai Eksekutif (CEO).Syarikat kami menjalankan perniagaan berasaskan latihan dan perunding pemasaran digital. Ia bertujuan membantu usahawan dan perniagaan menggunakan teknik pemasaran perniagaan secara online. Kami memberikan bimbingan dan ilmu-ilmu perniagaan kepada bakal usahawan dan usahawan sedia ada untuk terus mengekalkan tahap prestasi perniagaan mereka.Kami telah melatih ribuan usahawan daripada Malaysia, Singapura, Indonesia dan Brunei sehingga berjaya. Kami juga telah membantu usahawan melalui siri latihan secara online di Facebook, Youtube, dan melalui platform Emel.Syarikat Momentum Internet Sdn. Bhd. telah mempunyai ibupejabat (HQ) di Kluang, Johor. Kami juga mempunyai dua buah pejabat lagi di Johor Bahru, dan Shah Alam.
NTUC LEARNINGHUB
499
+65 6336 5482
NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Cloud, Infocomm Technology, Healthcare, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources and Foreign Worker Training. To date, NTUC LearningHub has helped over 26,000 organisations and achieved more than 2.6 million training places across more than 2,900 courses with a pool of about 900 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships to offer a wide range of relevant end-to-end training. Besides in-person training, we also offer instructor-led virtual live classes (VLCs) and asynchronous online learning. The NTUC LearningHub Learning eXperience Platform (LXP) — a one-stop online learning mobile application — offers timely, bite-sized and quality content for learners to upskill anytime and anywhere. Beyond learning, LXP also serves as a platform for jobs and skills development for both workers and companies.
CENTER FOR CREATIVE LEADERSHIP
2,446
+65 6854 6001
The Center for Creative Leadership (CCL®) is a top-ranked global provider of executive education. We use research to develop people into better leaders — transforming individuals, teams, organizations, and societies.With more than 5 decades of experience working with tens of thousands of diverse organizations in more than 160 countries across 6 continents, we help more than a million leaders at all levels.
SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC)
85
+60 3-6204 8705
The SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC) is the leading capital market capacity building solutions provider for industry participants in Malaysia and the growth and emerging markets that include market professionals, company directors and regulators. Established in 1994 as the learning and development arm of the Securities Commission Malaysia (SC) and incorporated in 2007, SIDC has been a standard-bearer of quality and innovation for over two decades.As the capital market industry’s partner in capacity building, SIDC works hand in hand with the industry through consultations and collaborations to design, develop and deliver training programmes that raise the standard of participants and support market growth. At the same time, we provide strategic consulting services and industry insights, frequently partnering with government agencies and international organisations to carry out capacity building initiatives for market regulators and industry players.SIDC’s involvement in the development of human capital for the Malaysian capital market is comprehensive and end-to-end. We work closely with the SC to establish competency standards for the industry – developing, maintaining and administering the SC Licensing Examinations and the mandatory Continuing Professional Education (CPE) programme as part of the licensing regime for Malaysian capital market intermediaries. In addition, we contribute to the capital market talent pipeline through our fit-for-purpose graduate development programmes.In support of the SC’s investor protection mandate, SIDC also conducts public investor education programmes on behalf of the SC with the aim of creating informed and prudent capital market investors.SIDC’s extensive experience and track record in producing high-calibre programmes for a wide range of target audiences have earned us a reputation synonymous with professional excellence.
ENERGYEDGE - PETROEDGE & POWEREDGE
66
+65 6741 9927
We are proud to announce that Petroedge, a leading training company in the energy industry, is now called EnergyEdge. This move has been driven by the need to integrate our oil & gas, power utilities and renewable training courses into a single brand that better represents the evolving energy landscape. The current momentum of energy transition has been a significant factor in leading this change.We will continue to provide training services across the different energy sectors, including hydrocarbon exploration, petroleum engineering, drilling, power generation, transmission, distribution, and renewable & sustainable energy courses. We annually deliver over 200 CPD training courses from a variety of disciplines ranging from engineering, sciences and business for professionals across the energy industry landscape. Our training platforms consist of live online training (VILT) and classroom face-to-face training. EnergEdge (Asia Edge Pte Ltd) is a proud recipient of the Enterprise 50 (E50) Award in Singapore. The E50 Award, established in 1995, is a highly coveted mark of recognition that highlights the significant efforts of the 50 most enterprising privately-held companies who have contributed to the economic development of Singapore. It is jointly organised by The Business Times and KPMG in Singapore, with support from Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange.For further information or enquiries, please contact EnergyEdge at info@asiaedge.net or visit www.energyedge.net
FRANKLINCOVEY
1,515
+65 6819 9400
We transform organizations by building exceptional leaders, teams, and cultures that get results. When organizations partner with us, their people change behavior—both individually and collectively—in ways that have a dramatic impact. Our content, based on timeless principles of human effectiveness, is designed to help people change both their mindsets and their behavior. It is combined with a team of experts, a dynamic behavior change platform, and key metrics that deliver exceptional results again and again.
WORLD INSTITUTE FOR ACTION LEARNING - WIAL
47
+66 81 939 7833
Welcome! This is the Official page for the World Institute for Action Learning (WIAL). The World Institute for Action Learning (WIAL) is a rapidly growing international not-for-profit organization dedicated to the growth and advancement of WIAL Action Learning in business and all community sectors. It is supported by WIAL affiliates around the world. WIAL is a highly capable global organization that helps clients rapidly solve urgent and important business challenges. Our clients frequently achieve a substantial Return on Investment (ROI) on their organization, leadership and team development projects. As the only certifying body for Action Learning, WIAL provides various training & certification programs internationally to support our clients and the global Action Learning community.
SUCCESS RESOURCES
218
+65 6299 4677
Success Resources has grown to become one of the leading global providers of educational resources, seminars and workshops. We believe that education and learning experiences transcend the boundaries of a classroom, and for over 25 years, we have proudly and positively impacted over 10 million lives across 35 countries. Renowned experts such as Tony Robbins, Donald Trump, former president Bill Clinton, Sir Richard Branson and Robert Kiyosaki have delivered valuable learnings on the Success Resources platform. Come be a part of our upcoming, most energetic and transformational virtual event — Tony Robbins Unleash The Power Within Virtual!In this exhilarating 4-day virtual experience, you will learn how to achieve limitless empowerment in your career, relationships, finances and within yourself.Already attended by thousands in 2020, UPW Virtual is for people from all walks of life with one thing in common: a deep hunger to live life on their terms, overcome barriers and maximise potential.It is time to create the quality of life you desire.More information can be found at [http://bit.ly/upw-sep-sg-li]
PROJECT MANAGEMENT INSTITUTE
4,424
+65 6413 0870
We’re Project Management Institute. You can call us PMI. We’re the world’s leading professional organization for project, program, and portfolio management. A lot of people know us from the PMP® certification, but we’re much more than that!And you? Maybe your title is project manager. Or maybe thats the career you want. Maybe you just have projects to manage.No matter where you are in your career, here’s what’s certain: We’ve been working since 1969 to provide the best knowledge, resources, and networking opportunities for anyone who delivers value through projects. Here you’ll find globally-recognized certifications, courses, tools, and—best of all—the incredible community making it all possible.We’re the home of project success and our door is always open for you.
JOEY YAP GROUP
79
+60 3-2284 8080
We are in the business of Life Transformation. We use tools and systems in Feng Shui and other Chinese Metaphysics subjects to push the boundaries of personal development and boost business performances.With business interests broadly spanning across the Education, Consulting, and Publishing sectors, the Joey Yap Group is a multinational business with offices in Malaysia and Singapore, and is globally recognized as the worlds #1 authority in Feng Shui and Chinese Metaphysics. Dato Joey Yap is the founder of the Mastery Academy of Chinese Metaphysics and Chief Consultant of the Joey Yap Consulting Group. He is a prolific author of over 170 books, and he has been regularly featured in many prominent media around the globe, including CNN, BBC, CNBC, Bloomberg, and Times Magazine.
HONG BAO MEDIA
9
+65 6223 2249
The world is changing dramatically, and so is the way companies communicate.Hong Bao Media is there with you, behind and in front of the camera. We are your Integrated Communications partner for contemporary media and business communications services.1. We mentor senior business leaders in traditional and new media skills.2. We produce LIVE webcasts to meet sophisticated business communications needs.3. We operate the only green screen studio and integrated training facility in Singapores financial district.
BEACON CONSULTING PTE LTD
27
+65 6873 9768
Beacon Consulting has extensive experience across a broad spectrum of industries including Chemicals, Communications, Education, Financial Services, FMCG, Healthcare, Hospitality, Insurance, Leisure, Manufacturing, Oil and Gas, Public Sector, Retail Services, Technology. Understanding the challenges your organisation faces is essential for us to design and deliver consultancy solutions that have total relevance to the market in which you operate.As one of the regions foremost Consultancy, Learning and Development, and Research organisations, we are better placed to help you take the lead in the Asia-Pacific marketplace. We recognise this is as much about culture as about language, an understanding of regional motivators, cultural taboos and local customs – Our people are ideally placed to provide solutions that have a genuine local relevance.Our team of highly qualified professionals listen to our clients, identify their needs, and develop customised interventions to meet those needs. We recognise that every organisation is unique, with different needs and objectives. By taking a holistic approach to meet these needs, we offer our services in an integrated fashion – setting strategy, implementing solutions and evaluating its effectiveness.
IK ACADEMY
51
+62 21 80675747
OUR STORYIK Academy was founded in 2008 with the aimed to provide a service to businesses to not just train their people, but also to increase productivity, minimize errors, and create a more empowered workforce.Based on our founders background and training as an engineer, and his partners experience in training and marketing, IK Academy first focused on high-level industrial and technical training courses.
CHAPTER ONE ASIA
10
+60 3-5888 7027
Chapter One Asia (M) Sdn. Bhd., is Malaysias number 1 and largest image consultancy. We are a full-service consulting firm, specializing in helping clients develop a strong first impression and brand identity, through wardrobe and image development, communication, etiquette and protocol skills.
Top Corporate Training Companies in Malaysia
Factors Contributing to the Growth and Success of the Industry
One of the key factors contributing to the growth and success of the Corporate Training industry in Malaysia is the government's initiatives to promote human capital development. The government has established various programs and incentives to encourage companies to invest in the training and development of their employees, including the National Human Capital Development Blueprint and the Human Resources Development Fund (HRDF). These initiatives have driven the growth of the industry and helped to establish Malaysia as a center for training and development.
Another important factor is the increasing emphasis on upskilling and reskilling in the workforce. As businesses face increasing competition and rapidly evolving technologies and business practices, the demand for specialized training services has grown. The corporate training industry has been able to meet this demand by providing tailored training programs to help businesses stay ahead of the curve.
Growth and Comparison to Previous Years
The Corporate Training industry in Malaysia has been growing rapidly over the past few years. In 2022, the industry's value is estimated to reach $3.5 billion, with an annual growth rate of 10%. This growth is a reflection of the increasing demand for specialized training services and the government's initiatives to promote human capital development.
Comparing this to the previous year, the industry grew by 8%, with a value of $3.2 billion in 2021. The industry's growth has been consistent over the past five years, with an annual growth rate of 7%.
Key Trends Including Technological Disruptions
The Corporate Training industry in Malaysia is experiencing various technological disruptions. One of the most significant trends is the increasing use of digital platforms and tools to improve the efficiency and effectiveness of training programs. Technologies such as online learning platforms, virtual reality, and gamification are being used to provide more engaging and interactive training experiences.
Another trend is the growing importance of data analytics in training programs. Data analytics is being used to identify knowledge gaps and to tailor training programs to individual employees' needs. This allows for a more personalized and effective training experience.
Challenges Facing the Industry
Despite its growth and success, the Corporate Training industry in Malaysia faces several challenges. One of the major challenges is the need to stay updated with emerging technologies and business practices. The industry needs to invest in research and development to stay informed and to adapt to new technologies and business practices. This requires significant investment in training and development for trainers and employees.
Another challenge is the increasing competition in the industry. As more companies enter the market, competition for clients and talent becomes more intense. Training providers need to differentiate themselves by offering unique value propositions and demonstrating their expertise in emerging areas such as digital platforms and data analytics.
Future Outlook
Despite the challenges facing the industry, the future outlook remains positive. The government's commitment to promoting human capital development, combined with the increasing demand for specialized training services, is expected to drive further growth and investment in the Corporate Training industry. The ongoing digital transformation of the industry is also expected to continue, with a focus on digital platforms and tools and data analytics.
In addition, the growing importance of upskilling and reskilling in the workforce is expected to create new opportunities for the industry. As businesses face increasing competition and rapidly evolving technologies and business practices, the demand for specialized training services is likely to grow. The corporate training industry can play a critical role in helping businesses stay competitive by providing tailored training programs to address specific skill gaps and knowledge areas.
Conclusion
The Corporate Training industry in Malaysia is a rapidly growing sector, driven by government initiatives, the increasing emphasis on upskilling and reskilling in the workforce, and technological disruptions. While the industry faces challenges such as increasing competition and the need to stay updated with emerging technologies and business practices, the future outlook remains positive, with expected growth in the corporate training industry and diverse industries. As the industry continues to evolve, training providers need to stay informed and adapt to emerging trends and technologies to remain competitive in the market.