The India learning management system market is estimated to progress with a CAGR of 20.58% over the forecasting years. The personalization provided by online channels, the culture of the essence and importance of good education, and the developing trends within the field of Indian online education are among the main factors supplementing the country’s market growth. While the base year considered for the studied market is 2020, the forecast period is from 2021 to 2026.
The online education segment in India is projected to become a multi-billion-dollar avenue over the upcoming years. The chief growth enablers include the importance of being well-educated, the perceived convenience, and the ever-increasing reach. In addition, the rising growth in educational search queries is now emerging from Tier 2 and Tier 3 cities, namely, Kota, Aligarh, Guwahati, and Patna. This aspect further highlights the opportunities opened up by the augmenting penetration of smartphones as well as the improving quality of the internet across these locations.
Numerous trends within India’s online education segment significantly contribute to the rising opportunities. These include the development of hybrid learning channels, the evolution of technologies like artificial intelligence (AI) and big data, and the continual need for working professionals to learn novel skills and proficiencies. As a result, this enables online education vendors to design customized content for their respective clients. Hence, these factors are set to propel the country’s learning management system market growth over the forecast years.
Leading players operating in the market are Cornerstone OnDemand, Epignosis LLC, International Business Machines Corporation, John Wiley & Sons (CrossKnowledge Group Ltd), etc.
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