The online education market in India is to be highly affected by the emergence of cloud computing. Cloud technology enables eLearning companies in India to avoid wasting a high amount of information, content, and data on one platform. The saving of knowledge makes it easier for the users and providers to manage, procure, process and access information from anywhere. Another major eLearning market trend is the rising popularity of huge data and learning analytics.
The eLearning market in India is forecast to be worth over $18 billion by 2022. The technology helps online course providers measure learner’s preferences, failures, success, and behaviors, thereby obtaining actionable intelligence to boost course designs. Thus the rising awareness of analytics will push growth within the online education market in India.
With the rising demand of prospective learners searching for alternative education sources, the country offers significant opportunities for eLearning companies in India, offering products or services supported by digital platforms. With the many adoption of latest technologies and methods the Indian online education market size is predicted to grow in leaps and bounds.
According to the newest market report from Technavio the total education market size in India is about to grow by USD 14.33 billion during 2020-2024, registering a fantastic CAGR of over 21% over next four years.
Future Trends of eLearning Market in India
According to the economic survey of Organization for Economic Co-operation and Development (OECD), 30% of Indians between the ages of 15 and 29 are neither enrolled in education or skill training nor working. This means that the standard education system is unaffordable which is leading to low enrollment.
Besides, the businesses are trying to find skilled workforce and not just manpower, thereby pushing the duty aspirants to seek for other resources like MOOCs. This rise in demand for online education has encouraged top eLearning companies in India to adopt latest technologies and methods to impart the most effective course material to the possible learners.
Increased penetration of internet and smartphones in India is another major factor which is driving growth within the online education market in India. High penetration has created an enormous consumer base for eLearning companies in India to amass and monetize the opportunity. The country offers many opportunities to the academic content development companies in India by offering products or services supported by digital platforms.
As an example, Bangalore-based BYJU’s, an EdTech company, launched its mobile app in 2015, which has been downloaded by approximately quite 6 million users across the country. Thus, it is often concluded that the longer term of eLearning in India is impressive and promising for eLearning companies in India.
It is one of the highest eLearning companies in India which is headquartered in Bangalore, India. BYJU’s boasts to receive first investment in Asia from the Chan Zuckerberg Initiative. This educational technology and online tutoring firm has created a K12 learning smartphone app that gives highly effective, adaptive, and fascinating learning programs. These programs not only serve school students but also train students for various competitive exams like IIT-JEE, CAT, GRE, IAS and plenty of more.
2. Dexler Education
Dexler Education, founded in 2001, is headquartered in Bangalore, India. It provides customized industry-based education solutions for corporate learning, talent management, and enhanced user adoption. The corporation majorly deals with digitizing education and education consulting. Their competencies lie in fields like ecosystem, technical, technological, and language. With its innovative learning solutions for the learners and organizations, the corporation successfully ranks among the highest eLearning companies in India.
3. Educomp Solutions
Educomp Solutions, established in 1994 is a Gurgaon, India based company. It strives to exchange the standard way of learning with the smarter way. Ranking among the simplest eLearning companies in India, Educomp has successfully empowered over 30 million learners across 65,000 schools in twenty years.
The corporate deals in four segments which include Higher Learning Solutions (HLS), School Learning Solutions (SLS), K-12 Schools, and Online, Supplemental and Global business (OSG). By producing and making the most effective use of digital products and online solutions, the corporation has revolutionized the whole Indian online education market.
IGNOU, which is an abbreviation of statesman National Open University, was established in 1985 with around 67 centers across the country. It claims to be the most important university within the world with active enrollment of over 4 million students and hence undoubtedly ranks among the most effective eLearning companies in India.
The university is run by the central government of India, with the essential aim of serving the Indian population by means of distance and open education, providing educational activity opportunities to any or all segments of society. With the rising demand of the online education market in India the university is additionally adopting latest procedures to impart education.
NIIT is another company standing strong among the highest eLearning companies in India, which was founded in 1981 as National Institute of knowledge Technology. Headquartered in Gurugram, India, NIIT offers learning management and training delivery solutions to institutions, corporations, and individuals. The corporate expertise in three main domains of companies which incorporates Corporate Learning Group (CLG), Skills and Careers Group (SNC), and faculty Learning Group (SLG).
NIIT adapted many marketing and advertising strategies for the Indian market including the ‘Computer drome’ in 1990. The corporation launched another initiative called Bhavishya Jyoti Scholarships program, in 1991, aimed to boost the abilities and employability quotient of deserving and socially challenged students.
It also lists among the highest eLearning companies in India. Edukart, which was founded in 2011, offers education pursuers a platform to pick and enroll from over 2000 courses in degree, diploma, certificate, entrance coaching and K12 categories. The corporation, through various certification programs, helps students and professionals improve their skills. EduKart is an internet entrance coaching site that has solutions to the issues of all education seekers.
Simplilearn, based in the metropolis, California, Bangalore, and India is reaching new heights within the online education market in India. It is one in every of the leading professional certification companies and successfully ranks among the simplest eLearning companies in India. It provides online professional courses in disciplines like Cyber Security, Cloud Computing, Project Management, Digital Marketing, and Data Science.
8. Zeus Learning
Zeus Learning, headquartered in Mumbai, stands ninth among the list of top eLearning companies in India. It concentrates within the development of HTML5-based Interactive Learning Assets, Mobile apps, technology solutions for LMS, CMS and TEI systems, Software Simulation Training, and Content-rich Courseware and Learning Experiences designed using the most recent trends for the net and mobile world. The business of imparting education online is slowly becoming its forte.
Meritnation is an Edu tech startup, which is a division of Applect Learning Systems based in Delhi. It is an internet portal that caters to the training needs of scholars in class. The corporation has incorporated the newest education technologies like live video lectures and interactive recorded videos to impart the most effective knowledge to the scholars. By conducting regular tests and giving time-bound assignments, it also checks the preparedness of scholars for exams.
Excelsoft, founded in 2000, also ranks among the most effective eLearning companies in India. It offers value added products and services within the eLearning domain which incorporates k12, educational activity, educational publishers, corporate learning, and test and assessment. The applications of the corporate include the SARAS Virtual Learning Environment, comprising a Learning Management System and an Assessment Management System. They also offer SARAS Learning Spaces – an eLearning portal that leverages Web 2.0 technologies to push informal learning.
The eLearning companies in India are striving to exchange the normal education system with the trendy education system by adopting the newest educational technologies. The emergence of cloud computing and rising popularity of huge data and learning analytics are major trends which are changing the face of the web education market in India.
The tutorial institutions within the country are shifting to SaaS-based solutions like ERP and LMS for technical support, provided by cloud service providers. The eLearning companies in India are working effectively with the central government, authorities, and academic boards to create the cloud platform.
Besides, by adopting learning analytics or big data analytics, these eLearning companies are helping online course providers design custom-made courses, ensure self-regulation of learners, conduct frequent auto-graded quizzes, and make grades and learning progress accessible to students. Thus, the evolution and rising awareness regarding latest technologies will increase the adoption of eLearning within the Indian market, thereby pushing growth within the online education market in India.