Online Education Market in India 2018-2022 | Emergence of Cloud Computing to Boost Demand | Technavio
September 24 2018 - 10:03AM
Business Wire
Technavio analysts forecast the online education market
in India to grow at a CAGR of over 20% during the forecast
period, according to their latest market research report. However,
the growth momentum of the market is expected to decelerate due to
a decline in the year-over-year growth.
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Technavio has published a new market
research report on the online education market in India for the
period 2018-2022. (Graphic: Business Wire)
The emergence of cloud computing is one of the major trends
being witnessed in the online education market in India
2018-2022. The cloud computing technology has enabled players
to save a significant amount of content, data, and information on a
single platform, thereby making it easier for users and providers
to process, procure, access, and manage information from anywhere
at any time. It offers key benefits such as reduced capital
expenses and increased speed for implementing SaaS-based
solutions.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
According to Technavio analysts, one of the key factors
contributing to the growth of the online education market in India
is the increased penetration of internet and smartphones in
India:
Online education market in India:
Increased penetration of internet and smartphones in
India
With digitization, the adoption of the internet and smartphones
in India is increasing. High internet penetration has led to the
creation of more 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 sources, leading to the growth of online education
market in India.
According to a senior analyst at Technavio,
“The country offers significant opportunities for players offering
products or services based on digital platforms. For instance,
Bangalore-based BYJU’S, and EdTech company, launched its mobile app
in 2015. This app has been downloaded by more than 6 million users
across India. Hence, with the combined incremental penetration of
the internet and smartphones in the Indian economy, the user base
for e-learning is expected to increase.”
Online education market in India:
Segmentation analysis
The online education market in India research report provides
market segmentation by product (content and services) and by
end-user (higher education segment and K-12 segment). It provides
an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and
industry-specific challenges.
Of the two major products, the content segment held the largest
market share in 2017, contributing to over 64% of the market. This
product segment will dominate the global market throughout the
forecast period.
The higher education segment held the largest share of the
market in 2017, accounting for more than 77% share. The higher
education segment caters to the undergraduate and postgraduate
students while the K-12 segment caters to students in grades
kindergarten to 12th. Both of these segments include students that
opt for the online education for test preparation, skill,
development, and language learning.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com