Online Education Market In India 2020-2024 | Increased Penetration of Internet and Smartphones to Boost Market Growth | Technavio

LONDON--()--The online education market size in India is expected to grow by USD 14.33 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report

High Internet penetration has led to the creation of an extensive customer base for companies operating in the e-learning market. As the traditional education system in India is insufficient in providing services to all the segments of the education and skill development market, learners are looking for alternative education sources, leading to the growth of the online education market in India. The country offers significant opportunities for players offering products or services based on digital platforms. For example, Bangalore-based BYJU’S, an Ed-tech 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, thereby driving market growth.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43422

As per Technavio, the government initiatives toward digitization in education will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Online Education Market In India: Government Initiatives toward Digitization in Education

Digital initiatives taken by the government of India is one of the factors fueling the growth of online education. Initiatives such as ePathshala, which hosts educational web resources for teachers, students, parents, researchers, and educators, have helped the rural population to get familiarized with online education. For higher education segments, the Indian government has come up with virtual labs and virtual classes to provide remote access to labs in various disciplines of science and engineering with participating institutes such as ITs, IIITs, and NITs. The virtual labs cater to students at the undergraduate and postgraduate levels as well as to research scholars. Such government initiatives have created a surge in demand for online education from users and institutions in rural and urban areas.

“Factors such as the emergence of cloud computing, and the growing popularity of big data and learning analytics will have a significant impact on the growth of the online education market value in India during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

Online Education Market In India: Segmentation Analysis

This market research report segments the online education market in India by product (content and services).

The content segment led the online education market share in India in 2019, followed by services respectively. During the forecast period, the content segment is expected to register the highest incremental growth due to factors such as the ease of accessibility of content, and the availability of customized content.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Online Education Market in India will grow by $14.33 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/