According to a market report, published by Sheer Analytics and Insights, The India Online Education Market was valued at $2.1 billion in 2021 and it is expected to reach $8.4 billion at a CAGR of 12.0% between 2022 and 2032. At present days, in the modern world, technologies are getting advanced and people are more prone to do a lot of work through an internet connection. Education is also becoming a part of this online facility. Students especially those who are working at the office and along with their job, want to complete some courses online. Online education is conducted for those kinds of students. Moreover, in many cases, both online and offline can be integrated into the course. However, over the last two years, due to the COVID-19 pandemic, India had to start a full-time online education system for all the students by maintaining a physical distance. Furthermore, technological advancement has distorted the traditional education system. Therefore, online learning platform has grown continuously in primary, secondary, test preparation, and other several courses. Hence the online education market in India has tremendously developed and exploded, which is expected to drive the market growth during the forecast period.
Several major factors such as innovative technology, new applications of telecom and communications technology in classrooms, and the use of cloud-based platforms, and virtual reality systems, are helping the Indian online education market to have significant growth. Additionally, over the last few years, traditional classes were suspended due to the complete lockdown for rising cases of the COVID-19 pandemic. However, currently, schools and colleges are not conducting online classes, because the cases of COVID-19 infectious have been reduced. Thus, students are going to their schools, colleges, and another study center for offline studies and these have hampered the online education market in particular. However, other individual courses are only available online. Additionally, the growth of the market is also propelled by governmental initiatives for e-content products such as virtual labs, which offer remote access to labs in many institutes of science and engineering for a large number of students at undergraduate and post-graduate levels.
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Skill development and employment in India is another major factor that is estimated to drive the market growth. Hence, Indian working professionals are focusing on skill development to achieve career growth and add value to their knowledge. This rising trend has been noticed in all kinds of age groups of working professionals across the country. Moreover, the arrival of new cloud computing might be another growth factor, which is estimated to support the online education market in the upcoming years. With the help of cloud-computing technology, school, university and institutes can save a particular amount of data, content, and information on an individual platform to make it easier for users or students to get online learning. Additionally, this process helps the providers to process, procure, access, and manage information from anywhere and anytime. Therefore, these primary factors are helping the Indian online education market to gain significant growth during the forecast period from 2022 to 2032.
Key players such as 2U (U.S), Alison (Ireland), BYJU’S (India), Creative Live (U.S), Coursera (U.S), DoubtNut (India), DataCamp (U.S), Excelsoft Technologies (India), Edureka (India), EduCart (India), Federica Web learning (Italy), Haygot Education (India), Iversity (U.K), Intellipaat (India), Jigsaw Academy (India), Khan Academy (U.S), LinkedIn Learning (U.S), Linkstreet Learning (India), Sorting Hat Technologies (India), SkillShare (U.S), TreeHouse (U.S), Udemy (U.S), Udacity (U.S), Vedantu (India), among others.
Indian Online Education Market Has Been Segmented Into:
Indian Online Education Market – by Education Type:
Indian Online Education Market – by Online Course Type:
Indian Online Education Market – by End-User:
Indian Online Education Market – by Regions:
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