India E-Learning Market is expected to register a steady CAGR during the forecast period
Rising
Investment in EdTech companies is expected to propel the India E-Learning
Market.
According
to TechSci Research report “India E-Learning Market - By Region, Competition
Forecast & Opportunities, 2029,” the India E-Learning Market is growing
owing to the increasing internet penetration, learning management systems (LMS)
switching to cloud-based systems. Moreover, growing adoption of smartphones by
tier 2 and tier 3 cities has led to an increased focus on E-Learning. To make
education more affordable and convenient for low-income consumers, businesses
along with Indian government are increasingly considering more reliable and
effective education platforms such as E-Learning. Increasing government
initiatives and rising investment in EdTech companies are further propelling
the growth of E-learning in the Indian market. Moreover, the adoption of
digital devices & content, use of VR & AR applications, growing need for
strong workforce skills and the need for E-Learning solutions is increasing,
which is driving market expansion over the forecast period. Globally vendors
are making significant product innovations by integrating technologies such as
artificial intelligence (AI), Internet of Things (IoT), machine learning (ML)
to cater to customer needs and market requirements. The scope of e-learning has
expanded as a result of the continuous learning requirements for students and
professionals that have been driven by broad trends over the past two decades. Additionally,
the emergence of the gamification, animation in the K12 sector for learning
and rising demand form working professionals due to the flexibility of time all
help to impose a positive outlook on the market.
The
rising use of E-Learning by small and medium-scale income consumers and
increasing government initiatives are expected to drive the growth of the
E-Learning market in India. In addition, E-Content is available in 32 Indian
languages on DIKSHA platform. The availability of languages filtration to
overcome the language problem by the users and a nationwide initiative for the
holistic development of teachers and for providing quality education are
further attributing to the growth of E-Learning Market in India. Moreover, the
continuous launch of new solutions and platforms by the service providers has
also attracted the attention of the young generation to adopt e-learning for
education. For instance,
On
06 March 2023, Moodle, an online learning solution company announced the launch
of Moodle India to service strong uptake of online learning in India and
globally. The new launch will help Moodle improve communication and support its
established client base, provide faster response time to issues and help it
develop stronger relationships with clients. The company will majorly focus on
tapping areas such as educational institutions, government institutions around
certification and corporates for learning and development programs for their
employees.
Moreover,
ICT has become integral to the teaching-learning interaction, therefore
partnership with State Governments and UT administrations, teacher related
interventions and development of digital learning resources are further
increasing the demand for E-Learnings.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "India E-Learning Market.”
Based
on delivery mode, the market is segmented into packaged content, learning
management software (LMS), and others. Based on learning mode, the market is
segmented into self-paced, instructor led. Based on function type, the market
is segmented into training and testing. Based on end user, the market is
further split into K-12, higher education, corporates, government, and
vocational.
Based
on learning mode, the self-paced segment is expected to hold the largest market
share. The increase in demand for flexible education in many urban along with
rural areas has proliferated the demand of self-paced content. In addition,
self-paced content can be used based on the availability of time. Therefore,
many corporate professionals and students are taking advantage to adopt this as
an effective solution to meet their educational needs. For instance, the demand
for knowledge in areas like big data, artificial intelligence, and virtual
reality is on the rise. Self-paced learning mode are enabling users to play the
videos accordingly based on learning ability. Therefore, the markets for
self-paced learning mode will grow in response to increasing corporate demand.
Based
on Delivery mode, The learning management software (LMS) segment dominated the
E-Learning market in 2022 and is expected to maintain its dominance during the
forecast period. Moreover, the advent of cloud for the enhancement of IT
systems has proliferated the demand to integrate cloud-based applications and
services for various organizational products in the market. Therefore, many
enterprises have decided to completely rely on cloud-based learning management
systems for their training needs. Cloud-based LMS enable users to access the
LMS platform without having to install any software or plug-ins on their device
to access the content.
Based
on end user, the K-12 segment is expected to register the fastest growth during
the forecast period. E-Learning has become a key offering for various academic
institutions mainly owing to the ease of learning, financial acceptance, and
more effectiveness for students. Therefore, the younger generation is adopting
new educational platforms to increase their knowledge in the market. Moreover,
many regions in the country are lacking proper faculty and education systems,
and adapting e-learning and digital platforms for education is more convenient
for them to reduce literacy rate. Furthermore, animated learning, which is
helpful in capturing the interest of students, is enabling the deployment of
E-Learning.
Key
market players in the India E-Learning Market include:
- Toppr
Technologies Private Limited
- Think
and Learn Private Limited (BYJU'S)
- Gradestack
Learning Private Limited
- NIIT
Limited
- Coursera
Inc.
- Udemy
India LLP
- Simplilearn
Solutions Private Limited
- Brain4ce
Education Solutions Pvt. Ltd. (Edureka)
- Sorting
Hat Technologies Private Limited (Unacademy)
- Class
21a Technologies Private Limited
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“North,
being the largest educational hub across the country holds the largest market
share of E-Learning Market, benefiting from the presence of several educational
institutions and e-learning technology establishments. Many initiatives taken
by the state government in the region include schemes such as “Har Ghar
Pathshala”, “e-Adhigam” and learning sessions on DIKSHA and SWAYAM platform.
The state government in the region is also emphasizing offering skill
development allowance initiatives and implementing e-Learning, which is
transforming the education sector at a rapid pace. For instance, the Uttar
Pradesh government is planning to start e-learning parks in 120-degree colleges
of the state to boost innovation in higher education institutions. Moreover,
many educational institutions’ adoption of E-Learning platforms for education
in the Kota city of Rajasthan during the Covid pandemic has created the surge in
demand and proliferated the growth of E-Learning Market in India.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India
E-Learning Market By Delivery Mode (Packaged Content, Learning Management
Software (LMS), Others), By Learning Mode (Self-paced, Instructor-led), By
Function Type (Training, Testing), By End User (K-12, Higher Education,
Corporates, Government, Vocational), By Region, Competition Forecast &
Opportunities, 2029F,” has
evaluated the future growth potential of India E-Learning Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, challenges,
and opportunities in the India E-Learning Market.
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