Augmented Reality (AR) and Virtual Reality (VR) Creating Buzz in the Industry.
CHICAGO, April 25, 2024 /PRNewswire/ — According to Arizton’s latest research report, the India e-learning market is growing at a CAGR of 18.57% during 2023-2029.
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India E-Learning Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2029) |
$28.46 Billion |
|
Market Size (2023) |
$10.24 Billion |
|
CAGR (2023-2029) |
18.57 % |
|
Historic Year |
2020-2022 |
|
Base Year |
2023 |
|
Forecast Year |
2024-2029 |
The e-learning market in India is experiencing rapid growth due to increasing internet penetration, digitalization initiatives, and a growing demand for accessible and flexible learning solutions. With over a billion people and a large youth demographic, India presents a vast market for e-learning offerings. These offerings include a wide range of online courses, certification programs, and skill development modules tailored to meet the diverse learning demands from students, professionals, and lifelong learners across various domains. The e-learning market in India is witnessing remarkable growth because of the increasing penetration of the internet, widespread availability of internet-enabled devices, and a growing youth demographic. Among the prominent players dominating this market are Udemy, Think & Learn (BYJU’S), Coursera, 2U (edX), and Sorting Hat Technologies (Unacademy). These companies have established themselves as leaders in the field, leveraging adaptive learning platforms and employing aggressive marketing strategies to maintain their competitive edge.
Key Developments
- On March 21, 2024, The Cloud Native Computing Foundation (CNCF), known for developing sustainable ecosystems for cloud-native software, partnered with Udemy. Revealed at KubeCon + CloudNativeCon Europe 2024, this collaboration aims to provide endorsed content tailored to CNCF’s vast audience, comprising over 233,000 project contributors and numerous current and aspiring cloud-native developers worldwide. The initiative seeks to assist them in preparing for several CNCF certification exams.
Market Trends
The integration of Augmented Reality (AR) and Virtual Reality (VR) with e-learning platforms has been a growing trend in India. AR and VR technologies offer immersive experiences that can significantly enhance the learning process by providing interactive simulations, 3D models, and virtual environments. These immersive experiences can help learners better understand complex concepts, particularly in subjects such as science, engineering, and medicine. For example, VR simulations can provide hands-on training for technical skills such as automotive repair, welding, or healthcare procedures. This can be relevant in India, where there is a growing demand for skilled labor across industries. In addition, AR and VR can be valuable tools for skill development and vocational training.
For instance, Akshay Rathod, the founder and CEO of Firebird VR, a Virtual Reality Solutions start-up based in Pune, India, is developing a new platform “GuruVR.” The company has partnered with 28 institutions in and around Pune. Students are utilizing GuruVR to explore a range of subjects, including robotic arms and quantum physics, to transform the way students educate by giving them virtual tours and lessons. VR technology in e-learning can transport students on virtual adventures to places that are hard to reach or impossible to visit physically, such as ancient ruins, outer space, or ocean depths. Hence, the increasing embrace of AR and VR technology will fuel growth in the Indian e-learning market during the forecast period.
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Segmentation & Forecast
- Delivery Mode Market Insights (2023-2029)
- Packaged Content
- LMS
- Other
- Learning Mode Market Insights (2023-2029)
- Self-Paced
- Instructor-Led
- Function Type Market Insights (2023-2029)
- Training
- Testing
- End-User Market Insights (2023-2029)
- Corporate
- Higher Education
- K-12
- Government
- Vocational
Key Vendors
- BYJU’s
- Khan Academy
- NIIT
- Simplilearn
- Udemy
- Unacademy
- UpGrad
- Vedantu
Other Prominent Vendors
- Educart
- Doubtnut
- Elpis Technology Solutions
- edX
- Coursera
- LinkedIn Learning
- EDUCBA
- Excelsoft
- K12 Techno Services
- Moodle
- Paradiso Solutions
- Physics Wallah
- Skillzcafe
- Testbook
- Adda247
- Compunnel
- Cuemath
- Educomp
- Embibe
- Entri
- Extramarks
- K8 School
- NextEducation
- Orion Edutech
- Shezartech
- Skill-Lync
- Vidyakul
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Key Questions Answered in the Report:
- How large is the India e-learning market?
- What are the latest trends in the India e-learning market?
- What key areas should India e-learning companies invest in to sustain in the market?
- Which learning mode has the largest share in the India e-learning market?
- Which end-user provides highest business opportunities in the India e-learning market?
Table of Contents
CHAPTER – 1: India E-learning Market Overview
- Executive Summary
- Key Findings
- Key Developments
CHAPTER – 2: India E-learning Market Segmentation Data
- Delivery Mode Market Insights (2023-2029)
- Packaged Content
- LMS
- Other
- Learning Mode Market Insights (2023-2029)
- Self-Paced
- Instructor-Led
- Function Type Market Insights (2023-2029)
- Training
- Testing
- End-User Market Insights (2023-2029)
- Corporate
- Higher Education
- K-12
- Government
- Vocational
CHAPTER – 3: India E-learning Market Prospects & Opportunities
- India E-learning Market Drivers
- India E-learning Market Trends
- India E-learning Market Constraints
CHAPTER – 4: India E-learning Market Overview
- India E-learning Market- Competitive Landscape
- India E-learning Market – Key Players
- India E-learning Market – Key Company Profiles
CHAPTER – 5: Appendix
- Research Methodology
- Abbreviations
- Arizton
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