NEW YORK, March 8, 2022 /PRNewswire/ — The professional online courses market size in India is set to grow by USD 2.31 billion between 2021 and 2026, expanding at a CAGR of 15.78% during the forecast period. Technavio expects the market to have a YOY growth rate of 14.78% in 2022. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
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The market is fragmented due to the presence of many players occupying the competitive landscape. With the growing number of new players, the competition in the market is expected to intensify over the forecast period. In order to expand their presence and survive in the market, several vendors are considering adopting inorganic growth strategies such as M&As.
AnalytixLabs, Cisco Systems Inc., Dexler Education Pvt. Ltd., Educomp Solutions Ltd., Jigsaw Academy, LinkedIn Corp., Manipal Academy of Higher Education, NIIT Ltd., Simplilearn Solutions Pvt. Ltd., and Udemy Inc. are some of the dominant market participants.
The increase in internet-based businesses will create significant growth opportunities for market players during the forecast period. The increasing adoption of smart devices and the rapid penetration of the internet has led many vendors in the market to take their business online. Vendors are also making huge investments in content marketing and social media marketing techniques to offer cost-effective professional online courses. Video advertisements are also gaining traction in digital marketing campaigns adopted by these companies. These factors are increasing the sales of online professional courses, thereby driving the growth of the market.
Also, the increasing need for skill development and the prevalent web-conferencing solutions will offer immense growth opportunities. However, the lack of credible and quality courses will challenge the growth of the market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Professional Online Courses Market in India 2022-2026: Segmentation
Professional Online Courses Market in India is segmented as below:
Product
End-user
By product, the technical courses segment generated maximum revenue in the market in 2021. The increasing job opportunities present in the IT sector in India are encouraging students to take related courses to enhance their competitiveness. Also, the increasing number of graduates in the fields of engineering, technology, management, BFSI, and architecture has been driving the growth of the segment.
Similarly, based on the end-users, the individual learners segment will hold the largest share of the market. The increasing demand for technical courses in the fields of ITeS and BFSI has been crucial in driving the growth of the segment. Besides, the benefits offered by professional online courses such as flexible learning environments, quick and objective assessments, and the extent of personalized attention are driving the growth of the segment.
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Professional Online Courses Market in India 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist professional online courses market growth in India during the next five years
Estimation of the professional online courses market size in India and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the professional online courses market in India
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of professional online courses market vendors in India
Related Reports:
Online Language Learning Market in US by Product and End-user – Forecast and Analysis 2022-2026
Online Tutoring Services Market in India by End-user and Courses – Forecast and Analysis 2021-2025
Professional Online Courses Market in India: Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 15.78%
Market growth 2022-2026
USD 2.31 billion
Market structure
Fragmented
YoY growth (%)
14.78
Regional analysis
India
Performing market contribution
India at 100%
Key consumer countries
India
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
AnalytixLabs, Cisco Systems Inc., Dexler Education Pvt. Ltd., Educomp Solutions Ltd., Jigsaw Academy, LinkedIn Corp., Manipal Academy of Higher Education, NIIT Ltd., Simplilearn Solutions Pvt. Ltd., and Udemy Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 5
Exhibit 04: Key Finding 6
Exhibit 05: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 06 Parent market
Exhibit 07: Market characteristics
2.2 Value Chain Analysis
Exhibit 08: Value Chain Analysis: Education services
2.2.1 Inputs
2.2.2 Operations
2.2.3 Marketing and sales
2.2.4 Support activities
2.2.5 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 – 2026
Exhibit 11: Global – Market size and forecast 2021 – 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 – 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 – 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition – Five forces 2021
5. Market Segmentation by Product
5.1 Market segments
Exhibit 20: Product – Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 21: Comparison by Product
5.3 Technical courses – Market size and forecast 2021-2026
Exhibit 22: Technical courses – Market size and forecast 2021-2026 ($ million)
Exhibit 23: Technical courses – Year-over-year growth 2021-2026 (%)
5.4 Non-technical courses – Market size and forecast 2021-2026
Exhibit 24: Non-technical courses – Market size and forecast 2021-2026 ($ million)
Exhibit 25: Non-technical courses – Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Product
Exhibit 26: Market opportunity by Product
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 27: End-user – Market share 2021-2026 (%)
6.2 Comparison by End User
Exhibit 28: Comparison by End-user
6.3 Individual learners – Market size and forecast 2021-2026
Exhibit 29: Individual learners – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Individual learners – Year-over-year growth 2021-2026 (%)
6.4 Organizational learners – Market size and forecast 2021-2026
Exhibit 31: Organizational learners – Market size and forecast 2021-2026 ($ million)
Exhibit 32: Organizational learners – Year-over-year growth 2021-2026 (%)
6.5 Institutional learners – Market size and forecast 2021-2026
Exhibit 33: Institutional learners – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Institutional learners – Year-over-year growth 2021-2026 (%)
6.6 Market opportunity by End-user
Exhibit 35: Market opportunity by End-user
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Overview
Exhibit 36: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increase in internet-based businesses
8.1.2 Need for skill development
8.1.3 Prevalent web-conferencing solutions
8.2 Market challenges
8.2.1 Security and privacy of learners
8.2.2 Open educational resources
8.2.3 Lack of credible and quality courses
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
8.3.1 Greater collaboration with universities and corporates
8.3.2 Presence of course aggregators
8.3.3 Rise in cloud-based platform
9. Vendor Landscape
9.1 Overview
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 AnalytixLabs
Exhibit 43: AnalytixLabs – Overview
Exhibit 44: AnalytixLabs – Product and service
Exhibit 45: AnalytixLabs – Key offerings
10.4 Cisco Systems Inc.
Exhibit 46: Cisco Systems Inc. – Overview
Exhibit 47: Cisco Systems Inc. – Business segments
Exhibit 48: Cisco Systems Inc. – Key offerings
Exhibit 49: Cisco Systems Inc. – Segment focus
10.5 Dexler Education Pvt. Ltd.
Exhibit 50: Dexler Education Pvt. Ltd. – Overview
Exhibit 51: Dexler Education Pvt. Ltd. – Product and service
Exhibit 52: Dexler Education Pvt. Ltd. – Key offerings
10.6 Educomp Solutions Ltd.
Exhibit 53: Educomp Solutions Ltd. – Overview
Exhibit 54: Educomp Solutions Ltd. – Product and service
Exhibit 55: Educomp Solutions Ltd. – Key offerings
10.7 Jigsaw Academy
Exhibit 56: Jigsaw Academy – Overview
Exhibit 57: Jigsaw Academy – Product and service
Exhibit 58: Jigsaw Academy – Key offerings
10.8 LinkedIn Corp.
Exhibit 59: LinkedIn Corp. – Overview
Exhibit 60: LinkedIn Corp. – Product and service
Exhibit 61: LinkedIn Corp. – Key offerings
10.9 Manipal Academy of Higher Education
Exhibit 62: Manipal Academy of Higher Education – Overview
Exhibit 63: Manipal Academy of Higher Education – Product and service
Exhibit 64: Manipal Academy of Higher Education – Key offerings
10.10 NIIT Ltd.
Exhibit 65: NIIT Ltd. – Overview
Exhibit 66: NIIT Ltd. – Business segments
Exhibit 67: NIIT Ltd. – Key offerings
Exhibit 68: NIIT Ltd. – Segment focus
10.11 Simplilearn Solutions Pvt. Ltd.
Exhibit 69: Simplilearn Solutions Pvt. Ltd. – Overview
Exhibit 70: Simplilearn Solutions Pvt. Ltd. – Product and service
Exhibit 71: Simplilearn Solutions Pvt. Ltd. – Key offerings
10.12 Udemy Inc.
Exhibit 72: Udemy Inc. – Overview
Exhibit 73: Udemy Inc. – Product and service
Exhibit 74: Udemy Inc. – Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 75: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 76: Research Methodology
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Information sources
11.4 List of abbreviations
Exhibit 79: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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