Dublin, Nov. 24, 2023 (GLOBE NEWSWIRE) -- The "Online Education Market in India 2023 - 2028" report has been added to ResearchAndMarkets.com's offering.
As of 2022, the online education market was valued at INR 361.68 Bn, and it is projected to reach INR 837.11 Bn by 2028, demonstrating a compound annual growth rate (CAGR) of approximately 13.68% from 2023 to 2028.
In the past ten years, advancements in technology have significantly improved online education. These advancements encompass the integration of information and communications technology (ICT) in classrooms and the utilization of cloud-based platforms, virtual reality (VR), and augmented reality (AR).
In the aftermath of the pandemic, over 500 million students have faced disruptions due to the periodic closure of schools and universities. Traditional education systems have been significantly affected by technological innovations.
Online learning platforms have experienced rapid growth across various educational levels, including primary, secondary, higher education, test preparation, and informal learning. The online education market exhibits a high degree of fragmentation, with a handful of specialized players operating in different segments, while startups with innovative solutions are steadily gaining prominence.
Government initiatives:
The government played a pivotal role in facilitating the effective implementation of online classes. Among the significant initiatives spearheaded by the government are the Samagra Shiksha Scheme, PM eVIDYA Program, Andhra Pradesh State Skill Development Corporation (APSSDC), and the National Apprenticeship Promotion Scheme (NAPS).
Market Drivers:
Over time, the proliferation of affordable smartphones has generated a rise in the request for internet services, catalyzing an increased demand for online content, including educational materials, in both rural and urban settings.
There is a growing desire for training courses that are pertinent to various industries, with individuals increasingly viewing online learning as a cost-effective alternative to traditional education.
Key deterrents to the growth of the market:
Challenges in the Indian online education market arise from factors such as the prevalence of free Open Educational Resources (OER), attracting price-sensitive users despite potential quality drawbacks. Providers struggle to differentiate premium content from free offerings, hindering consumer attraction. Monetization challenges stem from reliance on advertisements over subscription fees.
Limited awareness among Indian learners about online education and a preference for traditional learning methods hinder market growth. Online platforms struggle to replicate offline learning aspects, impacting user engagement. Post-pandemic, a shift to in-person training adversely affected virtual e-tech companies. Intense competition, driven by venture capital investments, strained the sector, with a notable decline in funding in 2022, underlining industry challenges.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. The online education ecosystem
3.2.1. Online education business model
3.2.2. Revenue model
Chapter 4: Online education market in India - An overview
4.1. Online education market in India - An overview
4.1.1. Market size and growth forecast (2020 - 2028e)
Chapter 5: India online education market segmentation
5.1. India online education market segmentation
5.1.1. India online education market share based on category
5.1.2. Online primary and secondary supplemental education - Market size and growth forecast (2020 - 2028e)
5.1.3 Online test preparation - Market size and growth forecast (2020 - 2028e)
5.1.4. Online reskilling and certification - Market size and growth forecast (2020 - 2028e)
5.1.5. Online higher education - Market size and growth forecast (2020 - 2028e)
5.1.6. Online language and casual learning - Market size and growth forecast (2020 - 2028e)
Chapter 6: Trends and Technology landscape
6.1. Market trends
6.2. Technology landscape
Chapter 7: Government initiatives
7.1. PM e-VIDYA scheme (2022 - 2023)
7.2. Samagra Shiksha Scheme (2022 - 2023)
7.3. Andhra Pradesh State Skill Development Corporation (APSSDC) 2022
7.4. National Apprenticeship Promotion Scheme (NAPS) (2022-2023)
Chapter 8: Market influencers
8.1. Market drivers
8.2. Market challenges
Chapter 9: Market Opportunities
9.1. Market Opportunities
Chapter 10: Competitive landscape
10.1. NIIT Limited
- Company information
- Business description
- Products/Services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
10.2. Edukart Education Private Limited
10.3. Individual Learning Private Limited
10.4. Sorting Hat Technologies Private Limited
10.5. Think and Learn Private Limited
10.6. UpGrad Education Private Limited
10.7. Vedantu Innovations Private Limited
10.8. Coursera Inc.
10.9. Simplilearn Solutions Private Limited
10.10. Udemy India LLP
Chapter 11: Website benchmarking
Chapter 12: Recent developments
Chapter 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/uv5yak
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