From Nowhere to Everywhere
Online learning or E-Learning uses any means of the electronic medium to learn, practice and asses oneself. It can be from TV Learning and the Internet learning as well. One of the best infotainment channel is offered by a collaboration of BBC Entertainment Limited and Sony Inc., called as "Sony BBC Earth".
World class B-Schools like Stanford and Harvard offer and encourage their students to use the online mode of learning. They find it more productive and cost-effective and non-time consuming effort of teaching. Recently after the spread of the Covid-19, almost all Universities in China has begun to teach their students as to avoid to prone of the disease.
Online education is an emerging industry in business as well as a gives a great learning platform to all the people of the society. One can now learn through online platforms and even get a professional degree in various disciplines.
ROI Rich Industry
According to the Global Industry Analyst - a California based research firm E-Learning industry would soar upto $325 Billion by 2025. The world has already started to go with the flow of E-Learning. While in India the education market is likely to grow up by 2 Billion USD by 2021.
In an interesting survey conducted by the KPMG and Google this industry has grown 3 times high. Also it has been found that more than 44% of the online searches for the purpose of education comes from the non-metro cities i.e., the Tier 2 and Tier 3 cities such as Patna, Guwahati, Kota etc., throughout the country and there is a 4 times increase in the usage of Youtube for the purpose of learning in the last one year.
Bill Gate way back in 2015 told that Online courses radically improve education by 2030, his words were damn true.
More to Come
The online learning is set to become a multi-billion dollar industry in India. Not only for new learning but people use the online learning for the re-skilling also. People use online learning platforms more to re-skill or update their existing skill to be more productive.Players Inn
Leading players in the market include CourseEra, Byjus, Unacademy and Upgrad which offers paid/free online learning from the Basics of English language to, how to ace a silicon valley interview. All the above said was once a startup and found ways to sustain where thousands failed. To a reality and surprise all the learning platforms said above grew and expanded only after they got a venture capital.
Course Era
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| Source: https://www.noted.co.nz/ |
Byjus
Byjus turned profitable after a long way of struggle finding the success path in the emerfing market. Recently it had announced that it turned profitable by around $2.8 million out of $188 million generated revenue. It has also aimed at generating a revenue of
Unacademy
Unacademy is offering courses for all the State and Central competitive exams through their online portals. It aims to generate a revenue of between $250-300 million. It also strives hard to increase its paid subscribers.
Upgrad
Upgrad is a online educating portal offering paid and free learning options. It also offers professional degrees from the Universities overseas. These are bit new to the industry while it ensures it is equally competitive as compared to the regular degrees. It also aims to increase the revenue to 750 Crores and has also decide to spend a lump sum amounting to 17.5% out of the total revenue which is roughly 100 crores.
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