Massive Open Online Courses Market in India 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Massive Open Online Courses Market. Some of the key players profiled in the study are Brain4ce Education Solutions Private Limited (Edureka), Intellipaat Software Solutions Private Limited, Jigsaw Academy Education Private Limited, Sorting Hat Technologies Private Limited (Unacademy), Coursera Inc., Khan Academy, Simplilearn Solutions Private Limited, Skillshare International, Udacity India Private Limited, Udemy India.
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Massive open online courses (MOOC) are gaining popularity in India as they allow learners access to self-paced courses from anywhere and at any time, according to their requirement, over the internet. Major factors driving the growth of the massive open online courses in India include increased internet penetration in the country, easy access to quality education, and industry-relevant courses offered by MOOC. The online education market in India, which includes massive open online course (MOOC) providers, is expected to reach a value of INR 502.85 Bn by the end of 2025, expanding at a compound annual growth rate (CAGR) of ~41.02% during the 2020-2025 period.
Impact of COVID-19:
The coronavirus outbreak has caused complete disruption of the education system in India, affecting students across all ages, ranging from preschoolers to postgraduates. The Indian government has temporarily shut down all educational institutions across the country to contain the spread of the contagion.
With the shift from physical classrooms to online classes, the MOOC market has witnessed a steady growth in the number of free courses offered by the key market players. The pandemic has made the job market immensely volatile. With millions of layoffs and rise in unemployment in the country and worldwide, people have been mentally affected. The unstable job situation in the country has pushed recent graduates and professionals to opt for relevant courses to brush up on their skills or learn new ones. Thus, MOOC players have registered significant growth in the number of subscriptions to relevant online courses amid the lockdown.
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The extensive development of the country’s digital infrastructure has played an instrumental role in advancing the massive open online courses market in the country. Increase in the adoption of the internet and availability of high-speed connectivity, along with easy access to good quality pocket-friendly courses from prestigious educational institutions have further propelled the growth of the market.
However, the absence of digital literacy among the citizens and a lack of technological infrastructure in certain parts of the country, especially in rural areas, stand as significant obstacles for India’s massive open online courses market. Several other factors, such as the lack of awareness regarding online course offerings, preference for classroom teaching, and the challenge of a language barrier significantly hinders the industry’s growth.
The massive open online courses market in India is led by a balanced mix of established players, numerous mid-level, emerging, and small players. These players provide a complete range of services and solutions to their vast customer base present across the country. Companies like Khan Academy, Coursera Inc., Skillshare International, and Udemy India are the key players in the market.
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Massive Open Online Courses market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Massive Open Online Courses near future?
What is the impact analysis of various factors in the Massive Open Online Courses market growth?
What are the recent trends in the regional market and how successful they are?
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Some extract from Table of Contents
• Overview of Massive Open Online Courses Market
• Massive Open Online Courses Size (Sales Volume) Comparison by Type (2019-2025)
• Massive Open Online Courses Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Massive Open Online Courses Size (Value) Comparison by Region (2019-2025)
• Massive Open Online Courses Sales, Revenue and Growth Rate (2019-2025)
• Massive Open Online Courses Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Massive Open Online Courses
• Massive Open Online Courses Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
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