Online Education Market to see Blistering Growth of 44% | Players to Watch Aeon Learning, Simplilearn Solutions, Udemy

A new market study is released on Online Education Market with data Tables for historical and forecast years represented with Chats & Graphs spread through 73 Pages with easy to understand detailed analysis. The study highlights detailed assessment of the Market and display market sizing trend by revenue & volume (if applicable), current growth factors, expert opinions, facts, and industry validated market development data. The research study provides estimates for Online Education Forecast till 2025*. Some are the players that are considered in the coverage of this study are NIIT Limited, Aeon Learning Private Limited, Coursera Inc., Duolingo Inc., Individual Learning Private Limited, Simplilearn Solutions Private Limited, Sorting Hat Technologies Private Limited, Think and Learn Private Limited, Udemy India LLP, upGrad Education Private Limited.

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The online education market in India was valued at INR 39 Bn in 2018 and is expected to reach INR 360.30 Bn by 2024, expanding at a CAGR of ~43.85% during the 2019-2024 period. Ease of learning, flexibility, and a wide range of study materials have influenced the overall growth of the industry. However, the lack of formal recognition and accreditation, and abundance of freely available content presents a critical threat to the growth of the sector. The industry is moving towards the adoption of innovative technologies like Artificial intelligence (AI) and machine learning (ML), Big Data Analytics, Blockchain and others to improve the learning experience.

1. How Industry Players are Changing Business Strategies to Beat COVID-19 Slowdown? Who is poised to win in 2020

Looking out to 2020, it was expected to be a big year for Online Education Market in terms of growth, however due to economic slowdown due to COVID many companies who are leaders plus emerging players are seeing no sign of growth. Some of the players from the overall coverage that are being profiled are NIIT Limited, Aeon Learning Private Limited, Coursera Inc., Duolingo Inc., Individual Learning Private Limited, Simplilearn Solutions Private Limited, Sorting Hat Technologies Private Limited, Think and Learn Private Limited, Udemy India LLP, upGrad Education Private Limited. With the Online Education market forecast to grow YY% in 2020 and with X-X-X-X expected to be a big beneficiary, it has seen a drop of zz% compared to previous estimates for 2020.

2. A wave of New Business Segments comes crashing in

According to HTF MI, key business segments sales will cross the $$ mark in 2020, signalling changing consumer preferences. Unlike classified segments popular in the industry i.e. by Type (Type I, Type II.), by End-Users/Application (Application I, Application II), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry.

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3. How are the Online Education companies responding?

With Latest earning release, Industry Players disclosing its plans to expand its model for "bringing new offerings to the market faster and with more precision." Market Makers and End Consumers are getting a glimpse of this process with new products henceforth study is given special attention by demand side analysis as well to better understand consumer behaviour and changing preferences.

With the large investments from giants are putting new flavour in market, it remains to be seen how effective their new product lines will be and just how much growth it would witness for them.

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Research objectives

o to study and analyse the Online Education Market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
o to understand the structure of Online Education Market by identifying its various sub segments.
o Focuses on the key Online Education Market players, to define, describe and analyse the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
o to analyse the Online Education Market with respect to individual growth trends, future prospects, and their contribution to the total market.
o to share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
o To project the size of Online Education Market, with respect to key regions, type and applications.
o To analyse competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

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