LONDON--(BUSINESS WIRE)--The online education market size in India is poised to grow by USD 14.33 billion during 2020-2024, progressing at a CAGR of over 21% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
With digitization, the adoption of the Internet and smartphones in India is increasing. High Internet penetration has led to the creation of a significant tentative customer base for companies operating in the e-learning market to acquire and monetize this opportunity. As the traditional education system in India is insufficient in providing services to all the segments of the education and skill development market, prospective learners are looking for alternative education sources, leading to the growth of the online education market in India. The country offers significant opportunities for players providing products or services based on digital platforms. Moreover, the government and the private sectors are moving rapidly to spread high-speed connectivity across the country and provide hardware and services to put Indian consumers and businesses online. This increment in internet penetration and increased use of smartphones is anticipated to aid market growth.
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Report Highlights:
- The major online education market growth in India came from the content segment. The content-based online education is anticipated to witness a gradual growth and will dominate the online education market in India during the forecast period. A major driver behind this dominance in the market is the ease of accessibility of content. The acceptance of this segment is not dependent on infrastructure or any other vendor-based services. Content-based products provide customized content to customers with the help of tools such as big data.
- The online education market in India is concentrated. Dexler Education Pvt. Ltd., Educomp Solutions Ltd., Indiavidual Learning Pvt. Ltd., Indira Gandhi National Open University, Info Edge (India) Ltd., MPS Interactive Systems Ltd., Next Education India Pvt. Ltd., NIIT Ltd., SMU-DE, and Think & Learn Pvt. Ltd. are some of the major market participants. To help clients improve their market position, this online education market in India forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the online education market in India 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we re-evaluate the impact on businesses and update our report forecasts.
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Increased Adoption of Skill Development through Online Certifications on Digitized Platforms will be a Key Market Trend
Working professionals in India are focusing on skill development to achieve career growth and add value to their knowledge. For example, software professionals are required to learn the latest technologies, such as big data analytics and cloud computing, to contribute to business growth. This trend has been noticed in all age groups of working professionals. Moreover, digitized courses provide flexibility and convenience, unlike traditional classes, as learners can access the content from any location at any time. Therefore, the increased adoption of skill development through online certifications on digitized platforms, especially in tier 1 cities, is expected to fuel the online education market in India during the forecast period.
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Online Education Market in India 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online education market growth in India during the next five years
- Estimation of the online education market size in India and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online education market in India
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online education market vendors in India
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Content - Market size and forecast 2019-2024
- Services - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Higher education - Market size and forecast 2019-2024
- K-12 - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Dexler Education Pvt. Ltd.
- Educomp Solutions Ltd.
- Indiavidual Learning Pvt. Ltd.
- Indira Gandhi National Open University
- Info Edge (India) Ltd.
- MPS Interactive Systems Ltd.
- Next Education India Pvt. Ltd.
- NIIT Ltd.
- SMU-DE
- Think & Learn Pvt. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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