Asia Pacific E-Learning Service Market Size, Share, COVID-19 Impact, Opportunities, And Trends By Type (Synchronous, Asynchronous), By Content (Standard Courses, Custom Made Courses), By End-User (Corporate, Academic, Government), And By Country – Forecast From 2022 To 2027

The Asia Pacific e-learning services market was valued at US$24.670 billion in 2020. The market is projected to grow at a CAGR of 19.13% to attain a size of US$84.019 billion in 2027.

The ballooning demand for cost-effective methods for educational training and educational services is due to the increasing amount of data generated and difficulties in the storage of books and other course materials.

There has been an increase in the demand for cost-effective educational courses by the individuals who have to do a course that interests them but cannot afford the high tuition fees being asked by particular colleges or institutions.

In addition, the course content is getting added every year due to continuous improvements and amendments. Thus, it makes it difficult for the students to refer to heavy course material and store it, thus encouraging them to prefer it. Consequently, the online storage of course material and data on cloud platforms makes managing it easier. Therefore, it is even boosting the demand for e-learning services and platforms in the Asia Pacific region and globally. These factors are, thereby fueling the market growth over the forecast period.

The increasing penetration of internet services and the availability of high-speed internet has resulted in the provision of e-learning and online education and is leading it to gain rapid traction among the population.

The growing internet penetration has led to the adoption of advanced and enhanced solutions, such as delivering a different and wide range of services solutions that have resulted in the online learning services and platforms applications. It is gaining popularity and traction among the younger population to understand the concepts they missed in class more effectively and efficiently. For example, BYJU’s is an application that helps the students learn concepts of different subjects more quickly and effectively using lucrative demonstrations and visuals, thereby boosting the market growth.

Whereas there are some individuals and students who enrol in online programs whilst working their jobs or while taking other degrees to get double degrees. For example, EduKart is an e-learning-based higher education platform based in India. This platform facilitates the provision of courses related to MBA (Masters in Business Administration) and BA (Bachelor of Arts), among others, from both international and Indian universities.

The ongoing COVID-19 situation is causing many institutions to conduct online live classes and is causing a surge in the market growth of E-Learning.

The ongoing COVID-19 situation has resulted in the imposition of lockdowns in many countries, such as India and China, among others, and caused the closing down of schools and educational institutions in order to minimize the movement of the population so that infection does not spread. This has resulted in many institutions offering online classes so that students can study and the results are not compromised. Thus, this is increasing the demand for e-learning services and causing a surge in market growth.

Product Launches by Organizations

The launch of better and advanced courses and study material in E-Learning services to cater to the changing preferences of the students and other professionals by existing and new players in different markets is estimated to lead to increased adoption and propel the market growth further over the forecast period.

KEY DEVELOPMENT

• Recently, in April 2020, Japan National Tourism Organization (JNTO) announced that they had launched a new e-learning platform that would cater to and aid in training and the development of travel agents across the growing product base. The portal was developed in such a way that it is designed to provide a complete suite of online training modules compiled with training and management tools and use the latest principles in e-learning to ensure that the learners can retain the knowledge effectively and engagingly. In addition, it provides five different types of modules.
• Recently, in April 2020, The Department of Personnel and Training announced that it had launched an online learning platform in order to provide adequate and required training for dealing with the ongoing COVID-19 pandemic. The main objective of this new platform which is called the “iGOT," is to provide the required training to the doctors, nurses, and paramedics, among other individuals working as healthcare workers, technicians, auxiliary nurses, midwives (ANM’s), Central & State government officers, National Cadet Corps (NCC), Nehru Yuva Kendra Sangathan (NYKS), National Service Scheme (NSS).
• Nov 2021- Oracle announced the opening of the Oracle Academy Career Center, an online centre with free access to academic content, technical certifications, professional development opportunities, and tools for experiential learning both inside and outside the classroom. The Oracle Academy Career Center, designed for higher education, provide learning pathways for a variety of professions, including engineering and development, human resources, finance, and sales.
• Nov 2021- To advance higher education learning, Pearson has launched a digital library. Multiple devices can access the digital library, which includes quick revision tools including voice notes, highlighting, hyperlinks, and weblinks. Pearson.

Segmentation:

• By Type
  • Synchronous
  • Asynchronous
• By Content
  • Standard Courses
  • Custom Made courses
• By End-User
  • Corporate
  • Academic
  • Government
• By Country
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Others