The Indian online education industry will grow from 1.6 million users in 2016 to 9.6 million users by 2021, says a report by KPMG and Google. Online education has shown some encouraging growth trends in the last couple of years
Online learning has widened the scope of education and transcended it beyond classroom boundaries. With high internet penetration in the last two years, it has taken over the traditional methods not just in the urban landscape but also in rural areas.
E-learning platforms are changing the Indian education landscape by addressing the demand-supply gap of both students as well as corporate employees by dispensing personalized learning outcomes, experts say.
E-learning penetration in corporations is increasing, regardless of the company’s size. Since class-based training is more expensive, proportionately, for small and medium-sized firms, these firms are increasingly recognizing e-learning as a convenient and cost-effective mode.
According to a report by KPMG, the Indian online education industry will grow from 1.6 million users in 2016 to 9.6 million users by 2021.
In the current scenario, professionals more often are required to re-skill themselves every 3-4 years to remain relevant in their evolving job roles, and currently the re-skilling courses and certifications constitute the largest e-learning solutions category to the tune of USD 93 million, as per the report.
At this scale, e-learning platforms are the only way forward. Professionals will need to equip themselves with relevant skills before their current skills become obsolete. Moreover, the government is adopting a series of measures to bring a technological revolution to accentuate e-learning which will ultimately lead to a major shift in the Indian education sector, experts added.
E-learning platforms are bringing a measurable difference in students’ engagement and performance. It is reducing gaps in the delivery of education and giving a new dimension to the education space.