Philippines E-Learning Industry Revenue is expected to Reach over USD 2,700 Million by the year ending 2023: Ken Research

Key Findings
• The industry revenue for technology services will increase at a CAGR of 21.7% during the period 2018-2023E, while the industry revenue for content services is expected to rise at a CAGR of 15.0% during the same period.
• Universities and Schools offering higher education and corporate enterprise are likely to be the key focus areas for E-Learning services.
• The Philippines E-Learning market is expected to witness the increasing number of small players entering the market which will focus more on providing LMS services.

Rising Demand of Multimedia Content: The country has witnessed a growth in the demand for multimedia content primarily due to the rising usage of digital platforms that has facilitated easy learning through multimedia platform. End users prefer a more interactive form of content as it enables them to understand concepts better. Therefore, in future it is anticipated that the revenue share of multimedia content will reach upto 40.0% by the year ending 2023E.
Increase in Usage of LMS (Learning Management System): The growing demand for online courses will lead to the adoption of LMS by customers across various sectors. It has also been anticipated that the share of LMS will contribute approximately 60.0% in the year 2023E, largely due to Universities and corporate organizations being the major users of LMS as this service is a viable and an advanced option for them to train their students and employees respectively. Moreover, it is expected that corporate sector and universities together will contribute in revenue share over 50.0% to the overall E-Learning industry in Philippines by year end 2023E.
Analysts at Ken Research in their latest “Philippines E-Learning Market Outlook to 2023 - By Content (Multimedia, Open Courseware, Online Tests and Others), By Technology (LMS, Smart Classes and Smart Authoring Tools), By Source of Learning (E-Books, MOOCs, Gamification and M-Learning), and By End Users (Schools, Universities, Corporates, Vocational training and Others)” believed that the E-Learning market in Philippines will grow due to higher internet penetration, increased inflow of enrollments in higher secondary schools as well as the increased government expenditure towards education. K-12 schools contributed the highest revenue share to the overall E-Learning industry in Philippines in the year 2018.
The market is expected to register a positive CAGR of 17.8% in terms of revenue during the forecast period 2018-2023E.

For more information, refer to below link:
https://www.kenresearch.com/education-and-recruitment/education/philippines-elearning-market/203092-99.html

Key Segments Covered
By Content and Technology Services
• Content
 Open Courseware
 Multimedia
 Online Tests
 Others (uploading existing Content)

• Technology
 Learning Management System
 Smart Classes
 Smart Authoring Tools

By Content Format
• Text
• Video
• Audio

By Source of Learning
• MOOC’s
• E-Books
• M-learning
• Gamification

By End Users
• Schools
• Universities
• Corporates
• Vocational Training
• Others

Key Target Audience
• Content Providers
• Technology Providers
• Hardware Providers
• Corporate Enterprises
• Higher education institutes
• K-12
• Investors
• P.E. Firms
• Institutes

Time Period Captured in the Report:
• Historical Period: 2013-2018
• Forecast Period: 2019-2023E

Companies Covered:
• Quipper
• DIWA
• MOODLE
• Topica Edtech Group
• Cypher Learning
• SPI Global
• Yapster
• Blackboard
• Canvas
Key Topics Covered in the Report
• Philippines E-Learning Market Overview and genesis
• Philippines E-Learning Market Size by Revenue (2013-2018)
• Philippines E-Learning Market Segmentation (2013-2018)
• Philippines E-Learning Market Segmentation by Content and Technology Services
• Philippines E-Learning Market by type of Content( Multimedia, Open Courseware, Online Tests and Others)
• Philippines E-Learning by Technology ( Learning Management System, Smart Classes, Smart Authoring Tools)
• Philippines E-Learning market by Content Format (Video, Audio And Text)
• Philippines E-Learning Market by Source of Learning (E-Books, MOOCs, Gamification and M-Learning)
• Philippines E-Learning Market by End User
• Trends and development in Philippines E-Learning Market
• Issues and Challenges in Philippines E-Learning Market
• Government regulations in Philippines E-Learning Market
• Philippines E-Learning Market Ecosystem
• SWOT analysis of Philippines E-Learning Market
• Competitive Scenario of Philippines E-Learning Market
• Philippines E-Learning Market , Heat map and Company Profile of Major Players
• Philippines E-Learning Market Future Outlook and Projections
• Philippines E-Learning Market Size (2018-2023E)
• Philippines E-Learning Market Future Segmentation (2018-2023E)

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https://www.kenresearch.com/education-and-recruitment/education/saudi-arabia-online-education-market/142998-99.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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This release was published on openPR.