The formal education sector is highly regulated and incorporates K-12 and superior education institutions and represents 80% of the whole market size by income
Online PR News – 28-August-2013 – New Delhi – The E-learning industry is witnessing a strong demand in the academic sector with changing teaching methods and courseware likewise in schools and colleges. Technological advancements in teaching methods has made it possible for students in the country to attend customized tutoring from teachers anywhere in the country or even in the world. Additionally virtual and blended-learning programs will facilitate mass customization in education. E-learning in K-12 is a rapidly growing segment. The reason behind this upsurge is due to the advancements in school curriculum, technological developments such as use of computers, projectors to teach students and rising popularity of instructor led training programs.
E-learning is not only limited to K-12 and higher education but has a wide scope and has been benefiting corporations by saving travelling cost, time and efforts. Corporate training has gained popularity across the globe with the adoption of continuous improvements in technology and rising demand for technically skilled workforce.
Over the period, the online education sector has witnessed many private equity and venture capital investments due to the growing demand for digital content in schools and online courses. Furthermore, online courses are now being provided by foreign universities.
According to the research report, “India E-Learning Market Outlook to FY’2018 - Increasing Technology Adoption to Drive Future Growth, the market is estimated to grow at a CAGR of 17.4% over the period FY2013-FY’2018 driven by many factors such as increasing government initiatives to promote e-learning, increasing adoption of technology, shortage of quality education, convenience and cost factors and others. With an inclination in the adoption of e-learning method to facilitate talent management in corporations, the demand of custom e-learning content and technology would increase, thereby increasing the overall growth of India’s e-learning market in future.
India e-learning market is likely to showcase a gradual positive growth in the coming years. Indian e-learning content market is expected to grow at a CAGR of 18.4% from FY’2014-FY’2018. The strong government initiatives pushing the student enrolments in higher education and distance learning will keep on propelling the market expansion.
The report provides detailed overview on the e-learning market in India and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, e-learning and education companies to align their market centric strategies according to ongoing and expected trends in the future.
For more information on the industry research report please refer to the below mentioned link: