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March 6, 2023

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!

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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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Online Education Market In India Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.9{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}
Market growth 2023-2027	USD 3,461.93 million
Market structure	Fragmented
YoY growth 2022-2023 ({08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f})	18.7
Regional analysis	India
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aeon Learning Pvt. Ltd., AnalytixLabs, Coursera Inc., Educomp Solutions Ltd., Excelsoft Technologies Pvt Ltd., Indira Gandhi National Open University, Intellipaat Software Solutions Pvt. Ltd., Jigsaw Academy, Khan Academy Inc., MPS Ltd., NextEducation India Pvt. Ltd., NIIT Ltd., Reliance Industries Ltd., Simplilearn Solutions Pvt. Ltd., SMU DE, Think and Learn Pvt. Ltd., Udemy Inc, upGrad Education Pvt. Ltd., Vedantu Innovations Pvt. Ltd., Zeus Systems Pvt. Ltd., and Sorting Hat Technologies Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

About Us

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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SOURCE Technavio

December 19, 2022

How learning and employment records shape access to quality education and jobs

This report examines how digital credentials and discovering and employment data (LERs) are shaping the methods individuals access training and career prospects all over the world. A extensive vary of education and learning and labor current market technologies is proliferating, especially in North America and Europe. Whilst these new technologies might expand options for quite a few learners and workers, they also danger leaving lots of communities and folks driving.¹

This report 1st summarizes main developments and debates about how schooling systems are producing new prospects and challenges for obtaining the fourth United Nations Sustainable Growth Aim (SDG 4): equitable entry to high-quality schooling and lifelong understanding.² Our contribution to these debates is to convey in proof from three scenario scientific studies on applying and governing electronic credentials, micro-credentials, and on the net learning. We done qualitative study (semi-structured interviews) and reviewed pertinent literature to compile the circumstance reports, with the intention of grounding the debates about training systems and digital qualifications in concrete settings the place countries and bigger education and learning systems are adapting to digitalization in training and vocation pathways.

Even with escalating interest and immediate expansion in these ecosystems, the prevalent adoption of digital credentials and LERs at scale is nonetheless in the really early levels. The foundational establishments, regulatory frameworks, and procedures needed to govern technology—in basic and additional precisely to assistance persons make perception of the ever-expanding smattering of digital mastering and employment options—are quite nascent. Many initiatives, these kinds of as endeavours to digitize credentials and discovering records, battle with low recognition, absence of specialized capacity, knowledge security dangers, and confined shared understandings of how to approach digitalization. We argue that the gradual system of adoption offers an option for key stakeholders this sort of as governments, publish-secondary education vendors, and businesses to greater align their underlying units and technologies close to the intention of advancing ethical and equitable access to schooling and lifelong understanding.

We comprehend fairness as achieving parity in plan, method, and results for all, looking at electric power, entry, option, cure, impression, and consequence. This necessitates generating chances for marginalized populations and closing gaps in accomplishment and employment results, even though recognizing that learners are setting up from unique details and have unique demands.

The first situation study, the Irish University Affiliation MicroCreds initiative, examines a increased education and learning and federal government effort and hard work to combine micro-credentials into the present national qualifications framework and displays the worth of partnerships and collaboration with organization-led companies, federal government, greater training, and other key actors. The 2nd situation research, Indonesia Cyber Instruction (ICE) Institute, examines how a consortium of universities in Indonesia implemented nationwide schooling policies with expanded on-line studying possibilities from universities like Harvard and Massachusetts Institute of Technology (MIT) on the edX platform to boost obtain to superior-excellent tertiary training for establishments with restricted means and geographic troubles. The third case research, the Electronic Credentials Consortium (DCC), examines an worldwide network of 12 universities that are doing work to build shared technological infrastructure for issuing levels as digital credentials, conducting user exploration within higher instruction institutions, and developing open up-source technologies that empower the issuance, storage, and verification of electronic credentials.

Each individual case review provides constructive illustrations of how systems can be leveraged in revolutionary approaches to increase access to top quality instruction and lifelong understanding (SDG 4), but the cases collectively demonstrate some prevalent difficulties. In just about every scenario, recognition and engagement with electronic qualifications and micro-credentials amongst learners, businesses, governments, and other folks require to be even further fostered to optimize the potential of the initiative. Every case also emerged from inside official better instruction institutions, which may well have limitations for extending these styles past formal schooling. This concentrate on formal learning carries the danger of benefitting learners with rather additional privilege instead than closing the digital and socio-economic divide among the learners (and personnel). Last but not least, each individual case demonstrates the significance of building wide coalitions of partners to produce an equitable and moral electronic credential ecosystem with a shared language and knowing about the technological alternatives, opportunity gains, and doable pitfalls.

Based on the interviews, case scientific tests, literature, and comments from public engagements together with the United Nations General Assembly and relevant pre-conferences, we present a conceptual framework for guiding the even more progress of electronic credentials and LERs (Figure 1). This framework builds on a few critical principles from the International Conference on Greater Education—equity, sovereignty, and mobility—which we expanded additional to include trust.³ For just about every principle, we deliver suggestions to guideline the advancement of much more moral and reasonable instruction technology ecosystems that do a lot more very good than damage.

Determine 1. Conceptual framework for guiding implementation

Resource: Authors’ examination.

The initial basic principle, fairness, refers to truthful recognition of studying, and the advertising of inclusive accessibility to high quality education and learning and lifelong finding out with deliberate thing to consider for how innovations can be accessed by all learners. We present tips focused on prioritizing person-centered layout, alignment of present units, electronic inclusion, specialized help, capabilities-based mostly selecting, and setting up clear targets and metrics for examining development toward equity targets.

The next basic principle, mobility, refers to the physical or digital capability of men and women to change between nations, areas, establishments, or occupation pathways for the goal of discovering or doing work. We advocate a aim on adopting interoperable, open up expectations and ensuring that an individual’s data is simply transportable concerning systems. In addition, we endorse that governments adopt several approaches to realize non-official and informal studying, and that businesses shift away from diploma-centric range criteria in the hiring procedure.

The third principle is sovereignty, which suggests that persons (or their guardians) are empowered to make educated decisions about the use and portability of their individual knowledge, that id verification techniques are transparent, and that there are satisfactory protections in area to protect details privacy and protection. We suggest governance frameworks and insurance policies to foster interoperability and open standards, facts rights legislation to boost safety and explain possession and privacy protections, and employ guidelines and enforcement mechanisms to make certain that schooling technological innovation ecosystems are aggressive and accessible to a varied array of individuals and communities.

The fourth basic principle is believe in, which signifies that digital credentials and digital records systems are set up in a way that businesses, learners, personnel, and training and schooling providers truly feel self-confident and knowledgeable about the trustworthiness, top quality, and meaning of the info, the individual’s identification, and the credentials they have gained. We simply call for a larger concentration on adopting linked facts infrastructure for verification and high-quality assurance processes that are person-welcoming and reduce threat of protection and privacy breaches. Outreach and person input are also vital to generate far more awareness of the price-add and excellent of digital credentials and LERs, and the adoption of shared metrics on results and skills frameworks can assist boost transparency close to good quality and the price proposition of a given credential and occupation progression.

These recommendations—and the conceptual framework we have utilized to arrange them—are meant to present steerage on how various actors can have interaction with this intricate digital ecosystem to support generate additional equitable discovering and employment pathways. Numerous organizations all over the earth are now functioning on each of these suggestions, but additional aid, coordinated attempts, and engagement are required at this crucial phase of growth to make sure the maximum gain to learners.

Download the comprehensive report.