E-learning denotes to a learning system dependent on formalized teaching by electronic resources. In other words, it is said to be a network-enabled the transference of knowledge to a large number of receivers at the same duration. The E-Learning permits business executives to learn from virtually any place with the computer or mobile device & internet connection. It permits employees to gain the knowledge and skills to undertake a precise operation that will sustenance an organization to continue to function competently.
E-Learning Market Research Report states that the prerequisite for Career Skilling platforms among graduates and Working Professionals is successively growing over the years around India. Shortage of course all-inclusiveness and career counselling at college level along with disappointments from Employers in terms of attitude, skill and knowledge misalignment amongst the hired entry level graduates emphasized the requirement for career skilling platform to make such graduates employable around India.
Moreover, based on the E-Learning Industry Research Report, the K12 E-Learning industry is as its growth stage in UAE. The industry in UAE has gained the pace after 2017 and is becoming famous majorly amongst the Expats. The industry revenue is snowballing with the double-digit CAGR. High average household income, the limited number of offline options, growing awareness about experiential learning augmenting fee of private tutors and transforming family set-up has lead to an growing the number of paid e-learning users.
E-Learning Market Revenue Analysis states that E-Learning Market is growing gradually owing to the accessibility of satisfactory finances to enter into partnerships with the online course providers. For instance, Udacity, Inc. and Infosys Limited arrived into a partnership to help the Nano-degrees and training to their employees. During the forthcoming years, the South American E-learning market is anticipated to observe growth as countries such as Mexico, Brazil, and Argentina will see delicate requirement for E-learning.
Also, E-learning industry analysis predict that augmenting internet penetration and transformation in preference from rote learning to experiential learning has been influencing the growth in the industry. During the recent years, live classes and new-age skill enhancement courses such as coding, web development, etc. has gained traction. Fresh business models such as revenue sharing and commission model has also improved during the present era.
The major aspects that boost the growth of the Asia Pacific E-learning market are lower investment cost, flexibility of admittance, and animated and collaborating learning. Optimization of the internet and computers form a key component of E-learning. Thus, the E-Learning market size by country is also influenced by a hike in the number of internet users and growing access to the broadband integrated with mobile phones.
Although, the large and organized corporates in the E-learning market are efficiently opting the strategies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition and countless others for ruling around the globe, producing the high percentage of revenue and gaining the competitive edge. Therefore, in the near years, it is anticipated that the market of E-learning will increase across the globe more effectively over the review future.
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Ankur Gupta, Head Marketing & Communications