PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1483030
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1483030
The Indian e-learning market is expected to grow at a CAGR of 18.57% from 2023-2029.
MARKET DRIVERS
Increase in Government Initiatives: Government initiatives play a crucial role in driving the growth of the e-learning market in India through several measures aimed at enhancing access to digital education, promoting technological innovation, and addressing infrastructure challenges. The government of India has launched the Digital India campaign, which aims to transform the country into a digitally empowered society and knowledgeable economy. Through this initiative, the government has implemented several programs and policies to promote digital literacy, internet connectivity, and the adoption of digital technologies, all of which are essential for the growth of the e-learning market. The National Education Policy (NEP) 2020 emphasizes technology integration in education and aims to promote online learning, digital resources, and e-learning platforms. The policy envisions using e-learning tools and digital platforms to improve access to high-quality education, enhance learning outcomes, and foster innovation in teaching and learning practices.
Growing Need for Strong Workforce Skills: The growing need for strong workforce skills is a significant driver of the e-learning market in India. With rapid technological advances and changing job requirements, individuals increasingly demand to acquire new skills or upgrade themselves to remain competitive. In 2022, according to a report by the National Skill Development Corporation (NSDC), India required an additional 103 million skilled workers across 24 key sectors to meet the demands of a growing economy. Despite the growing number of graduates in India, there is a gap between the skills demanded by employers and those of job seekers. According to the India Skills Report 2021, only about 45.9% of Indian graduates are employable, and 46.2% in 2022. This highlights the need for focused skill development initiatives. The need for skilled employees stems from the evolving demands of the job market, which increasingly requires specialized knowledge, technical expertise, and soft skills.
INDIA E-LEARNING MARKET INSIGHTS
VENDOR LANDSCAPING
The India e-learning market report contains exclusive data on 54 vendors. The competitive scenario in the Indian e-learning market is dynamic and evolving, characterized by global players and homegrown innovators offering diverse products and services to cater to the increasing demand for online education and training solutions in India. Regarding market share, a few major players are currently dominating the market. Some companies currently dominating the market are BYJU'S, Khan Academy, NIIT, Simplilearn, Udemy, Unacademy, upGrad, and Vedantu. Major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the Indian e-learning market and gain access to the vast youth generation seeking e-learning platforms.
REPORT HIGHLIGHTS
SEGMENTATION & FORECAST
VENDORS LIST
Key Vendors
Other Prominent Vendors
KEY QUESTIONS ANSWERED:
CHAPTER - 1: India E-learning Market Overview
CHAPTER - 2: India E-learning Market Segmentation Data
CHAPTER - 3: India E-learning Market Prospects & Opportunities
CHAPTER - 4: India E-learning Market Overview
CHAPTER - 5: Appendix
Exhibit 1: India E-learning Market 2020-2029 ($ billion)
Exhibit 2: India E-learning Market by Delivery Mode 2020-2029
Exhibit 3: Market by Packaged Content 2020-2029 ($ billion)
Exhibit 4: Market by LMS 2020-2029 ($ billion)
Exhibit 5: Market by Other 2020-2029 ($ billion)
Exhibit 6: India E-Learning Market by Learning Mode 2020-2029
Exhibit 7: Market by Self-paced E-learning 2020-2029 ($ billion)
Exhibit 8: Market by Instructor-led E-learning 2020-2029 ($ billion)
Exhibit 9: India E-learning Market by Function Type 2020-2029
Exhibit 10: Market by Training E-learning 2020-2029 ($ billion)
Exhibit 11: Market by Testing E-learning 2020-2029 ($ billion)
Exhibit 12: India E-learning Market by End-user 2020-2029
Exhibit 13: Market by Corporate E-learning 2020-2029 ($ billion)
Exhibit 14: Market by Higher Education E-learning 2020-2029 ($ billion)
Exhibit 15: Market by K-12 E-learning 2020-2029 ($ billion)
Exhibit 16: Market by Government E-learning 2020-2029 ($ billion)
Exhibit 17: Market by Vocational E-learning 2020-2029 ($ billion)