Online Education Market size in India is set to grow by USD 3,461.93 million from 2022 to 2027, Skill development and employment to be the major market driver - Technavio

NEW YORK, June 19, 2023 /PRNewswire/ -- The online education market size in India is set to grow by USD 3,461.93 million from 2022 to 2027 progressing at a CAGR of 19.9% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Skill development and employment are notably driving the market growth. Working professionals in India are primarily focusing on skill development to attain better career growth and add value to their knowledge. For Instance, software professionals need to learn the latest technologies such as big data analytics and cloud computing. The major reason behind this is, unlike traditional courses, digitized courses offer flexibility and convenience as learners can access content anytime, anywhere. Additionally, companies are looking for skilled workers, not just workers. So in this scenario, the job seekers are exploring other online resources such as MOOCs. This creates an opportunity for major players in the Indian online education market to deliver products and services that grow their customer base. Thus, growing acceptance of skill development through digitized platforms, especially online certifications in Tier 1 cities is expected to boost the Indian online education market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The online education market in India covers the following areas:

Online Education Market Sizing In India
Online Education Market Forecast In India
Online Education Market Analysis In India

The report on the online education market in India provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Online Education Market In India 2023-2027 - Market Dynamics

Significant Trends

A major trend influencing the growth of the market is the emergence of cloud computing. This technology has allowed players to store large amounts of content, data, and information on one platform, allowing users and providers to process, procure, access, and manage information from anywhere in real time. Additionally, it offers key benefits such as lowered capital expenses and increased speed for implementing SaaS-based solutions. For technical support, cloud service providers provide SaaS-based solutions such as ERP and LMS to educational institutions. Vendors are working with the central government, state governments, and education boards to make the cloud platform popular. For instance, the government has taken initiatives such as the National Digital Library and the National Academic Repository to promote e-learning in institutes. Therefore, the adoption of cloud-based learning platforms in online education will help in resolving the problems of inadequate infrastructure and security, fuel the adoption of e-learning, and the growth of the Indian online education market further during the forecast period.

Major Challenges 

A major challenge for the growth of the online education market is the language barrier due to diversity among learners. Generally, most of the products available in the market use Hindi or English as the default language for teaching. India's population is so diverse that many learners are not familiar with either language. This is a major problem, especially for markets in rural areas. The language barrier will affect the K-12 segment more compared with the higher education segment, as there is a dominance of regional languages as a choice for learning in the K-12 segment in rural areas. Therefore, to overcome this barrier in the market, a collective effort from both platform providers and content providers is required.  This will generate customized output in local languages and enhance online education acceptance rates. Therefore, language barriers are likely to I'm[pede the growth of the Indian online education market during the forecast period.   

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Online Education Market In India 2023-2027: Market Segmentation

This report extensively covers market segmentation by end-user (higher education and K-12) and product (content and services).

• The market share growth of the higher education segment will be significant during the forecast period. Increasing awareness about education and its scope for career growth, enrollment in higher education institutes is growing. Higher education through the online medium is attaining popularity, as it provides the benefit of flexibility in terms of time and location. However, such courses are financially affordable compared with the courses offered by traditional institutes in India. The growth of this segment is driven by courses for skill development and learning opted for by working professionals. Therefore, many organisations, including NIIT and Embibe, offer online courses for professionals. The increased adoption of new advanced technologies such as the Internet and smartphones, demand for higher education from individual and working professionals, and digital economy initiatives by the government are driving the market. Such kinds of trends are expected to continue during the forecast period. 

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• 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
• upgrade Education Pvt. Ltd.
• Vedantu Innovations Pvt. Ltd.
• Zeus Systems Pvt. Ltd.
• Sorting Hat Technologies Pvt. Ltd.

Vendor Offerings

• Aeon Learning Pvt. Ltd. - The company offers solutions for online education in India which includes data science courses that are needed to increase human skills to manage intelligent technology.
• Educomp Solutions Ltd. -The company offers solutions for online education in India that identifies and hones individual interests and skills with the perfect combination of advanced technology and unconventional teaching methods.
• Coursera Inc. -The company offers solutions for online education in India which helps to start, switch, or advance one's career with more than 5,000 courses, Professional Certificates, and degrees from world-class universities.

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The online education market is estimated to grow at a CAGR of 9.49% between 2022 and 2027 and the size of the market is forecast to increase by USD 148.22 billion. This report extensively covers market segmentation by type including primary and secondary supplemental education, reskilling and online certifications, higher education, test preparation, and language and casual learning. The end-user is academics, corporate, and the government. The geography by North America, APAC, Europe, South America, and Middle East and Africa. The use of cutting-edge technologies is notably driving market growth.

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Key Topics Covered:

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

• 3.3 Market size 2022 

• 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 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

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 (%)
• Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

• 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 (%)
• Exhibit 32: Data Table on Higher education - Year-over-year growth 2022-2027 (%)

• 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 (%)
• Exhibit 36: Data Table on K-12 - Year-over-year growth 2022-2027 (%)

• 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 (%)
• Exhibit 39: Data Table on Product - Market share 2022-2027 (%)

• 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 (%)
• Exhibit 45: Data Table on Content - Year-over-year growth 2022-2027 (%)

• 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 (%)
• Exhibit 49: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 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

• 9.1 Market drivers 

• 9.2 Market challenges 

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

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 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

• 12.1 Scope of the report 

• 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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