Online education: Key market research findings
- Cloud-based online education system
- Growing application in higher education sector
Technavio has released a new market research report on the online education market in India, which is expected to grow at a CAGR of 19% between 2016 and 2020. Rise in demand for quality education content and credible online courses by K-12 and higher education segments has propelled the growth of online education market in India. Domestic vendors are developing online courses, offered along with programs of global universities, which are suitable for India-specific blended learning.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the online education market is witnessing the adoption of the cloud-based e-learning model. Cloud technology offers several benefits such as reduced capital expenses and speed of implementation for deploying SaaS-based solutions. Educational institutions are shifting toward SaaS-based software solutions, such as ERP and LMS, for the technical support provided by cloud-service providers. Moreover, the vendors are working in collaboration with central and state governments and the education boards to popularize the cloud learning technology,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
The higher education sector in India is facing dynamic shifts in terms of education technology, teaching methods, and hardware usage in classrooms. Much of the demand is for certifications and diplomas for vocational courses. Entrance examinations in India, such as CAT, GRE, GMAT, TOEFL, and medical exams, now use online platforms. Top coaching institutes are collaborating with online platform service providers to conduct online tests. TCY Learning Solutions render services to schools, students, and coaching institutes.
The key vendors in the online education market in India are Educomp, Everonn, NIIT and IGNOU. The market is growing exponentially and is providing an extensive range of options for the vendors offering various products and services. Competition in this market is expected to intensify during the forecast period, owing to service offerings, technological innovations, and an increase in mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Online Education Market in India 2016-2020
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Education Market 2016-2020
- Global M-education Market 2016-2020
- M-education Market in the US 2016-2020
- Online Education Market in India 2015-2019
- Global Digital Education Publishing Market 2015-2019
- Global Education Apps Market – Market Study 2015-2019
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