Online Education Market in India to grow at a CAGR of 19.9{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2027, Driven by skill development and employment- Technavio |

NEW YORK, March 6, 2023 /PRNewswire/ — According to Technavio, the online education market size in India is estimated to grow by USD 3,461.93 million from 2022 to 2027. The market is estimated to grow at a CAGR of 19.9{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period. The growing focus on skill development and employment is notably driving the demand for the market. Working professionals across various domains focus on skill development for value addition and career growth. This is a trend that is followed by all age groups of working professionals. Working professionals prefer picking up courses on digital platforms over traditional classes due to factors such as convenience and flexibility. This trend, especially in tier 1 cities is expected to fuel the growth of the online education market in India during the forecast period.For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

Leading trends influencing the market 

• The emergence of cloud computing is a major trend driving the demand for the market in focus. This technology has helped players save significant content, data, and information on a single platform. This has also helped users to process, procure and access information at their convenience.
• Cloud computing has also helped vendors reduce capital expenses and improve the speed of implementing SaaS-based solutions like ERP and LMS.
• Vendors in the market are collaborating with central and state governments to popularize cloud platforms. For instance, the government has taken initiatives like the National Digital Library and the National Academic Repository to promote e-learning in institutes.
• Hence, adopting cloud-based learning platforms in online education helps resolve several issues, thereby fueling the growth of the market in the country.

Major challenges hindering the market growth

• The lack of infrastructure like high-speed internet, and optical fiber communication in many regions of the country may impede the growth of the market. This issue can make an otherwise economically efficient model essentially ineffective.
• Lesser developed states and remote places in the country suffer from either lack of connectivity or are economically backward to afford the technology. Moreover, for services that offer classroom training along with e-learning, basic infrastructure like advanced hardware, software, and data centers are unavailable.
• Hence, despite the high adoption of the internet and smartphones, insufficient infrastructure challenges the growth of the market.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What’s New?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial  – buy the report!

Online Education Market in India – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on End-user (Higher education and K-12), and Product (Content and Services). 

• The higher education segment is prominent in the growth of the online education market in India during the forecast period.
• Online higher education enables time and location flexibility as well as affordability to the end-users. This has led to many ed-tech companies investing and witnessing an increase in the adoption of courses for higher education preparation. 
• For instance, Unacademy launched a dedicated platform for JEE (Joint Entrance Examination) preparation, which is one of the most competitive engineering entrance exams in India. 
• The Government of India (GoI) is further promoting online education through its Digital India initiative under the National Mission on Education through Information and Communication Technology (NMEICT).

Insights on the market contribution of various segments, historic (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

What are the key data covered in this Online Education Market in India report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the online education market in India between 2023 and 2027
• Precise estimation of the size of the online education market in India size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the online education market across India
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the online education market in India vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

4 Historic Market Size

• 4.1 Online education market in India 2017 – 2021 
• Exhibit 15: Historic Market Size – Data Table on Online education market in India 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 16: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Product Segment Analysis 2017 – 2021 
• Exhibit 17: Historic Market Size – Product Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 25: Chart on End-user – Market share 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 26: Data Table on End-user – Market share 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 6.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 6.3 Higher education – Market size and forecast 2022-2027 
• Exhibit 29: Chart on Higher education – Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Higher education – Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Higher education – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 32: Data Table on Higher education – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 6.4 K-12 – Market size and forecast 2022-2027 
• Exhibit 33: Chart on K-12 – Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on K-12 – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on K-12 – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 36: Data Table on K-12 – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 6.5 Market opportunity by End-user 
• Exhibit 37: Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 38: Chart on Product – Market share 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 39: Data Table on Product – Market share 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 7.2 Comparison by Product 
• Exhibit 40: Chart on Comparison by Product
• Exhibit 41: Data Table on Comparison by Product

• 7.3 Content – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Content – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Content – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Content – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 45: Data Table on Content – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 7.4 Services – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Services – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})
• Exhibit 49: Data Table on Services – Year-over-year growth 2022-2027 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})

• 7.5 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.3 Impact of drivers and challenges 
• Exhibit 52: Impact of drivers and challenges in 2022 and 2027

10 Vendor Landscape

• 10.2 Vendor landscape
• Exhibit 53: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 54: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 55: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 56: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 57: Matrix on vendor position and classification

• 11.3 Aeon Learning Pvt. Ltd. 
• Exhibit 58: Aeon Learning Pvt. Ltd. – Overview
• Exhibit 59: Aeon Learning Pvt. Ltd. – Product / Service
• Exhibit 60: Aeon Learning Pvt. Ltd. – Key offerings

• 11.4 Coursera Inc.
• Exhibit 61: Coursera Inc. – Overview
• Exhibit 62: Coursera Inc. – Business segments
• Exhibit 63: Coursera Inc. – Key news
• Exhibit 64: Coursera Inc. – Key offerings
• Exhibit 65: Coursera Inc. – Segment focus

• 11.5 Educomp Solutions Ltd. 
• Exhibit 66: Educomp Solutions Ltd. – Overview
• Exhibit 67: Educomp Solutions Ltd. – Product / Service
• Exhibit 68: Educomp Solutions Ltd. – Key offerings

• 11.6 Excelsoft Technologies Pvt Ltd. 
• Exhibit 69: Excelsoft Technologies Pvt Ltd. – Overview
• Exhibit 70: Excelsoft Technologies Pvt Ltd. – Product / Service
• Exhibit 71: Excelsoft Technologies Pvt Ltd. – Key offerings

• 11.7 Indira Gandhi National Open University 
• Exhibit 72: Indira Gandhi National Open University – Overview
• Exhibit 73: Indira Gandhi National Open University – Product / Service
• Exhibit 74: Indira Gandhi National Open University – Key offerings

• 11.8 Intellipaat Software Solutions Pvt. Ltd. 
• Exhibit 75: Intellipaat Software Solutions Pvt. Ltd. – Overview
• Exhibit 76: Intellipaat Software Solutions Pvt. Ltd. – Product / Service
• Exhibit 77: Intellipaat Software Solutions Pvt. Ltd. – Key offerings

• 11.9 MPS Ltd.
• Exhibit 78: MPS Ltd. – Overview
• Exhibit 79: MPS Ltd. – Product / Service
• Exhibit 80: MPS Ltd. – Key offerings

• 11.10 NextEducation India Pvt. Ltd. 
• Exhibit 81: NextEducation India Pvt. Ltd. – Overview
• Exhibit 82: NextEducation India Pvt. Ltd. – Product / Service
• Exhibit 83: NextEducation India Pvt. Ltd. – Key offerings

• 11.11 NIIT Ltd.
• Exhibit 84: NIIT Ltd. – Overview
• Exhibit 85: NIIT Ltd. – Product / Service
• Exhibit 86: NIIT Ltd. – Key news
• Exhibit 87: NIIT Ltd. – Key offerings

• 11.12 Simplilearn Solutions Pvt. Ltd. 
• Exhibit 88: Simplilearn Solutions Pvt. Ltd. – Overview
• Exhibit 89: Simplilearn Solutions Pvt. Ltd. – Product / Service
• Exhibit 90: Simplilearn Solutions Pvt. Ltd. – Key offerings

• 11.13 Sorting Hat Technologies Pvt. Ltd. 
• Exhibit 91: Sorting Hat Technologies Pvt. Ltd. – Overview
• Exhibit 92: Sorting Hat Technologies Pvt. Ltd. – Product / Service
• Exhibit 93: Sorting Hat Technologies Pvt. Ltd. – Key offerings

• 11.14 Think and Learn Pvt. Ltd. 
• Exhibit 94: Think and Learn Pvt. Ltd. – Overview
• Exhibit 95: Think and Learn Pvt. Ltd. – Product / Service
• Exhibit 96: Think and Learn Pvt. Ltd. – Key offerings

• 11.15 Udemy Inc
• Exhibit 97: Udemy Inc – Overview
• Exhibit 98: Udemy Inc – Product / Service
• Exhibit 99: Udemy Inc – Key news
• Exhibit 100: Udemy Inc – Key offerings

• 11.16 upGrad Education Pvt. Ltd. 
• Exhibit 101: upGrad Education Pvt. Ltd. – Overview
• Exhibit 102: upGrad Education Pvt. Ltd. – Product / Service
• Exhibit 103: upGrad Education Pvt. Ltd. – Key offerings

• 11.17 Vedantu Innovations Pvt. Ltd. 
• Exhibit 104: Vedantu Innovations Pvt. Ltd. – Overview
• Exhibit 105: Vedantu Innovations Pvt. Ltd. – Product / Service
• Exhibit 106: Vedantu Innovations Pvt. Ltd. – Key offerings

12 Appendix

• 12.2 Inclusions and exclusions checklist 
• Exhibit 107: Inclusions checklist
• Exhibit 108: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 109: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 110: Research methodology
• Exhibit 111: Validation techniques employed for market sizing
• Exhibit 112: Information sources

• 12.5 List of abbreviations 
• Exhibit 113: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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