The education system of the APAC region is changing at an astronomical rate owing to the numerous plans undertaken by the private institutes and governments of various countries such as India, China, Australia and South Korea to boost digital education in the country, which is resulting in a strong influence in the growth the digital education market in the region. For instance, The University of New South Wales partnered with Keypath Education to launch a series of master’s programs that would run solely online.
Moreover, the COVID-19 pandemic has boosted the demand for digital education due to shutdown of schools and colleges temporarily whereby teaching is undertaken on digital platforms. Thus, this has led to a launch of new online learning platforms in the country. For instance, China launched two global online learning platforms namely XuetangX and iCourse International to support learning during COVID -19 pandemic in 2020.
According to MarkNtel Advisors’ research report titled “APAC Digital Education Market Analysis, 2020”, the APAC Digital Education market is anticipated to grow at a CAGR of around 16.2% during 2020-25. Self-Learning captured the larger portion in the APAC Digital Education market share in 2019 as students are inclining more toward the readily available courses to retain information at a higher rate than in a classroom setting. Moreover, it doesn’t require an instructor and student to be available at the same time during the entire course which is likely to impact in the growth of Digital Education market.
China Exhibited the Significant Market Share
China acquired the significant market share in the APAC Digital Education market owing to the upsurge in the rate of online learning and launch of new learning platform in the country. Educators in China are strengthening online learning systems by coming up with e-classes for schools affected by the coronavirus emergency. Hence, it is anticipated to augment the demand for digital education in the forthcoming years. For instance, China launched national cloud learning platform for its 180 million middle and primary school students as teaching goes online amid epidemic in 2020.
Moreover, the companies are also collaborating with the public school to help the children in easy access to the online tutoring session. For instance, TAL partnered with more than 300 public schools across China to stream free classes, and its Xueersi unit is providing complementary K-12 online tutoring sessions is also projected to boost the market of digital education in the country. Therefore, this is strongly contributing toward the market growth of the Digital Education in the forthcoming period as stated in the MarkNtel Advisors’ research report “APAC Digital Education Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the APAC Digital Education market include Jigsaw Academy, Intellipaat. Edureka, Linkstreet, XuetangX, EDX, Tal Education, 3P Learning, Think & Learn, Etc. To gain a competitive edge over the other market competitors, merger & acquisition, collaboration, launch are done by these companies to grab the majority market share in the market.
“APAC Digital Education Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Digital Education providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go-to-Market Strategies and identifying the blue ocean for its offerings.
1. By Language (English, Mandarin, Spanish, German, Other Language)
2. By Course Type (Self-Learning, Instructor Based)
3. By Deployment (Cloud, On Premise)
4. By Type of Business (Business to Business, Business to Customers)
5. By End-User (Academics, Non-Academics)
6. By Country (China, Japan, South Korea, Australia, India),
7. By Company (Jigsaw Academy, Intellipaat. Edureka, Linkstreet, XuetangX, EDX, Tal Education, 3P Learning, Think & Learn etc.)
Key questions answered in the study:
1. What are the current and future trends of the Digital Education industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Digital Education industry?
5. What is the customer orientation, purchase behavior, and expectations from the Digital Education firms across various regions?