As part of the final report, an analysis will be included to examine the effects of the Russia-Ukraine War and COVID-19 on the India E-learning industry.
New Industry Report on India E-learning Market Status and Prospects [2023-2032] has been released. The report is 100 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the global market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market. If you are interested in the report, Please Request Free a Sample Copy
The e-learning market in India was valued at INR 91.41 Bn in 2020. It is expected to reach a value of INR 312.13 Bn by 2026, expanding at a compound annual growth rate (CAGR) of 17.60% during the 2021-2026 period.
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E-learning is a flexible learning method which harnesses the power of the internet. Online learning platforms are increasing in all education segments primary, secondary, higher education, test preparation, and informal learning. The e-learning market in India is highly fragmented, with a few niche players operating in the various segments and several start-ups with innovative offerings gradually gaining ground. Students can track their performance in real time with the help of automated online records on e-learning portals.
Market insights:
Over the last decade, technological advancements have taken place in the field of e-learning. These include the application of information and communications technology (ICT) in classrooms and the use of cloud-based platforms, virtual reality (VR), and augmented reality (AR).
Impact of COVID-19:
In the wake of the pandemic, in-person classes were stopped to curb the spread of the virus. However, it was not expected that it would have such a lasting effect. Institutions are adopting e-learning methods and shifting to online classes so that learning can continue. The demand for academic books dropped by 40% to 50% because of the closure of educational institutions.
Government initiatives:
The central government introduced NDEAR in the Union Budget of 2021-2022 to strengthen digital infrastructure and to support education planning activities. In May 2020, the government launched the PM eVIDYA program to make e-learning accessible to students and teachers, as well as to promote and strengthen digital education.
Market Influencers:
Market drivers:
Over the years, the improved availability of low-cost smartphones has led to an increase in demand for internet services across India. This has spurred the demand for online content, including education material, in both rural and urban areas.
Key deterrents to the growth of the market:
Indians are familiar and comfortable with the conventional face-to-face mode of learning, which impedes the adoption of online learning. Online channels fall short when it comes to replicating certain aspects of offline channels, such as interaction with peers, group learning, feedback, and soft skill development.
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On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
However, the Healthcare/ICT/Chemical industries are still feeling the effects of the pandemic, which is creating a large market for India E-learning. As the recovery of the U.S. market continues, there will be a direct impact on these industries, and the demand for India E-learning is likely to increase. The report highlights the need for businesses to stay informed about market trends and adjust their strategies accordingly to take advantage of emerging opportunities in this evolving landscape.
Regional Analysis
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
In-depth Analysis of the Russia-Ukraine War Impact:
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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Some Questions Answered in the India E-learning Market Report:
- What is the projected size of the India E-learning market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the India E-learning industry?
- What are the major market trends that are affecting the expansion of the India E-learning market?
- What obstacles must be overcome in order to achieve sustained growth in the India E-learning market?
- What opportunities and threats do vendors in the India E-learning Market face?
- What are the raw materials and manufacturing equipment used in the production of India E-learning, and what is the manufacturing process?
- What are the different types and applications of India E-learning, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the India E-learning market?
- What factors are driving the growth of the India E-learning market in the top regions worldwide?
- Who are the major players in the India E-learning market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the India E-learning market?
- What are the main findings of a five forces analysis of the India E-learning market?
To gain a better understanding of market conditions, a Five Forces analysis is conducted, which includes an assessment of the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Additionally, a PESTLE analysis is performed to evaluate the external factors that may impact the market:
- Political factors: This includes political policies and stability, as well as trade, fiscal, and taxation policies.
- Economic factors: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates are all considered under this category.
- Social factors: Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles are taken into account when analyzing the social factors that may affect the market.
- Technological factors: Changes in digital or mobile technology, automation, research, and development are evaluated to determine the potential impact on the market.
- Legal factors: Employment legislation, consumer law, health and safety regulations, and international trade restrictions are among the legal factors that may affect the market.
- Environmental factors: Climate, recycling procedures, carbon footprint, waste disposal, and sustainability are all taken into consideration when assessing the potential impact of environmental factors on the market.
Our India E-learning Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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