Indian Online Education Market to Grow at a CAGR of 19.9% from 2022 to 2027, Driven by Skills Development and Employment – Technavio
new york, March 6, 2023 /PRNewswire/ — According to Technavio, online education market in size India estimated to grow by $3,461.93 million From 2022 to 2027. The market is estimated to grow rapidly. CAGR 19.9% during the forecast period. Growing focus on skills development and employment is significantly boosting market demand. Professionals working in a variety of fields focus on developing their skills for added value and career growth. This is a trend we see in working professionals of all ages. Working professionals prefer to choose courses on digital platforms over traditional classes for reasons such as convenience and flexibility. This trend is expected to drive the growth of the online education market, especially in primary cities. India during the forecast period.To learn more about historical market size (2017-2021) and projected market size (2023-2027), please request a sample report.
Key trends impacting the market
The emergence of cloud computing is a major trend driving hot market demand. This technology helped players store important content, data and information on a single platform. This allows users to process, obtain and access information at their convenience.
Cloud computing has also helped vendors reduce capital expenditures and increase the speed of implementation of SaaS-based solutions such as ERP and LMS.
Market vendors are working with central and state governments to popularize cloud platforms. For example, the government has initiatives like the National Digital Library and the National Academic Repository to promote e-learning in educational institutions.
Therefore, adopting cloud-based learning platforms for online education will help solve some problems, thereby boosting the market growth in this country.
Major challenges hindering market growth
Many parts of the country lack infrastructure such as high-speed internet and fiber optic communications, which could hamper the market growth. This problem can make economically efficient models inherently inefficient.
The country’s least developed states and remote areas either lack connectivity or are economically lagging and cannot afford technology. Additionally, for services that offer classroom training and e-learning, basic infrastructure such as advanced hardware, software, and data centers is not available.
Therefore, inadequate infrastructure hinders the market growth despite the increasing penetration of internet and smartphones.
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online education market India – Evaluation of segmentation
Technavio has segmented the market based on end users (higher education and K-12) and products (content and services).
of Higher education segment is prominent in the growth of the online education market. India during the forecast period.
Online higher education not only allows for flexibility of time and place, but also affords affordability to the end-user. This has led many edtech companies to invest and increase the adoption of courses for higher education preparation.
For example, Unacademy has launched a dedicated platform for JEE (Joint Entrance Examination) preparation, one of India’s most competitive engineering entrance exams.
government India (Government) is further promoting online education through the Digital India initiative under the National Mission for Education through Information and Communication Technology (NMEICT).
Insights on Market Contribution of Different Segments, Historical (2017-2021) and Forecast Market Size (2023-2027) – Download Sample Report
What are the key data covered in this Online Education Market? India report?
CAGR of the market during the forecast period
Detailed information on the factors driving the growth of the online education market India From 2023 to 2027
Accurate estimation of the size of the online education market in India Parent Market Focused Scale and Market Contribution
Accurate prediction of upcoming trends and changes in consumer behavior
Growing Online Education Market Across India
Thorough analysis of the competitive landscape of the market and detailed vendor information
Comprehensive Analysis of Factors Hampering the Growth of the Online Education Market India vendor
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Scope of the Indian online education market
Growth Momentum and CAGR
Accelerate at a CAGR of 19.9%
Market growth 2023-2027
YoY growth rate (%) in 2022-2023
Major Vendors, Vendor Market Positioning, Competitive Strategies, Industry Risks
Introduction of major companies
Aeon Learning Private Private Ltd., AnalytixLabs, Coursera Inc., Educomp Solutions Ltd., Excelsoft Technologies Pvt Ltd., Indira Gandhi National Open University, Intellipaat Software Solutions Pvt. Ltd., Jigsaw Academy, Khan Academy Inc., MPS Ltd., Ltd., NIIT Ltd., Reliance Industries Ltd., Simpliearn Solutions Pvt. Ltd., SMU DE, Think and Learn Pvt. Ltd., Udemy Inc., upGrad Education Pvt. Ltd., Vedantu Innovations Pvt. Ltd., Zeus Systems Pvt. Ltd. and Sorting Hat Technologies Pvt.
Parent market analysis, market growth drivers and obstacles, fast and slow growth segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, market landscape analysis for the forecast period
Scope of customization
If the data you’re looking for isn’t in the report, you can reach out to an analyst to customize the segment.
table of contents
2 Market scenery
3 Market size determination
4 Past market size
5 Five Forces Analysis
6 Market Segmentation by End User
7 Market Segmentation by Product
8 Customer Situation
9 drivers, challenges and trends
10 Vendor Landscape
11 vendor analysis
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