{"product_id":"online-education-market-in-india-2022-2027","title":"Online Education Market in India 2022-2027","description":"\u003cp\u003eOnline Education Market in India 2022-2027\u003c\/p\u003e\n\n\u003cp\u003eIn the wake of the pandemic, more than 500 million students have been impacted because of intermittent closure of schools and universities. Technological innovations have disrupted traditional education system. Online learning platforms have grown rapidly across educational segments – primary, secondary, higher education, test preparation, and casual learning. The online education market is highly fragmented. There are a few niche players that operate in various segments and start-ups with innovative offering are gradually gaining ground.\u003c\/p\u003e\n\n\u003cp\u003eMarket insights:\u003c\/p\u003e\n\n\u003cp\u003eIn the last decade, technological advancements have enhanced online education. 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). In 2021, the online education market was valued at INR 108.79 Bn. It is expected to reach INR 299.18 Bn by 2027, expanding at a compound annual growth rate (CAGR) of ~22.26% during the 2022 – 2027 period.\u003c\/p\u003e\n\n\u003cp\u003eGovernment initiatives:\u003c\/p\u003e\n\n\u003cp\u003eThe government played a key role to ensure the successful operation of online classes. Some of the major initiatives undertaken by the government are – National Digital Educational Architecture (NDEAR), PM eVIDYA Program, Samagra Shiksha Scheme, Andhra Pradesh State Skill Development Corporation (APSSDC), and ‘ShaGun’ Portal.\u003c\/p\u003e\n\n\u003cp\u003eMarket Influencers:\u003c\/p\u003e\n\n\u003cp\u003eMarket drivers:\u003c\/p\u003e\n\n\u003cp\u003eOver the years, the availability of low-cost smartphones has led to an increase in the demand among larger population for internet services. This has spurred the demand for online content, including education material, both, in rural and urban areas. There was an increase in demand for industry-relevant training courses. People are now considering online learning as a low-cost substitute to traditional learning.\u003c\/p\u003e\n\n\u003cp\u003eKey deterrents to the growth of the market:\u003c\/p\u003e\n\n\u003cp\u003eIndians 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. There is a lack of formal recognition as also inadequate digital infrastructure throughout the country.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"October, 2022 \/ 73 Pages \/ MCW16262535","offer_id":47704520098098,"sku":null,"price":1140.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/online-education-market-in-india-2022-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}