Prospect of eLearning in the Indian Scenario

Posted by 24x7learning on March 13th, 2015

Over the last decade, learning has experienced a sea change in India. The conventional mode of education has become a passé and education is all about learning, online training and education on the go. Indian education has had a metamorphic change over the years and the most prominent landmark has been the trend of e-learning.

With the growing impetus and proliferation in the field of internet commercialization has led to the growth of elearning. This unprecedented inroads in internet penetration, led online training pave its way within the country’s learning ecosystem. Not just limited to the educational industry, elearning is been adopted by the corporate sector as continuous training of employees has become imperative in keeping up with the industry’s growth.

In 2013, India had 167.2 million internet users. This figure is projected to grow to 283.8 million internet users in 2016. As a result, India’s potential as a market for e-learning is enormous. As per the Docebo report issued in July 2014, the worldwide market for self-paced e-learning reached $35.6 billion in 2011. The five-year CAGR is estimated to be 7.6%, so revenues should reach $51.5 billion by 2016. While the aggregate growth rate is 7.6%, several world regions have higher growth rates. The highest rate is in Asia at 17.3%, followed by Eastern Europe (16.9%), Africa (15.2%) and Latin America (14.6%).

According to a recent study in a global level online learning program, after the United States, India has been reported to have the second highest number of online course enrollments with more than over 1,55,000 students from the country. Of a total of around 1.2 million students worldwide, 32% are from the U.S while 15% are from India.

According to the research report, “India E-Learning Market Outlook to FY’2018 – Increasing Technology Adoption to Drive Future Growth, the market is estimated to grow at a CAGR of 17.4% over the period FY2013-FY’2018 driven by many factors such as increasing government initiatives to promote e-learning, increasing adoption of technology, shortage of quality education, convenience and cost factors and others. With an inclination in the adoption of e-learning method to facilitate talent management in corporations, the demand of custom e-learning content and technology would increase, thereby increasing the overall growth of India’s e-learning market in future.

Moreover, online training is no longer the prerogative of the computer sector alone. The impact of such training is all-pervasive and presents attractive opportunities in diverse segments. The growing number of public and private sector initiatives on the incline, the changing mindsets of people, and the unprecedented rise of technology are reflective of the promising future that e-learning in India holds. The prospect of making education available to anyone, anytime, anywhere is becoming increasingly appealing to students, the corporate world and the populace at large.