Overview:

The India education market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The process of learning is generally referred as education. Learning various skills and acquiring knowledge is also called as education. The education process is categorized by methods viz. training, teaching, discussion, storytelling, and directed research.

There are two channels to take education that are offline and online education/ E-learning. The offline education means acquiring knowledge by going in colleges, schools, universities, or training institutes. However, learning on internet is referred as E-learning.

Market Dynamics:

Growing number of universities and colleges across the India, rising number of enrollments, and growing population are key factors driving growth of the India education market. For instance, in the year 2016, there were 799 universities, 39,071 colleges, and 11,923 standalone institutions listed on All India Survey on Higher Education (AISHE) portal. However, in the year 2019, as per AISHE, the number of universities, colleges, and standalone institutions reached to 993, 39,931, and 10,725 respectively.

In addition, growing government efforts for education sector growth and education penetration is expected to result in growth of the target market in the near future. For instance, Government of India has introduced the Sarv Shiksha Abhiyan (SSA) in the year 2001. Additionally, in July 2003, India government has introduced National Program for Education of Girls at Elementary Education (NPEGEL) to increase the enrollment of girls. This kind of government initiatives are expected to support growth of the India education market.

Moreover, growing awareness about education, rising social media advertisements, growing public support for girl’s education, and increasing spending power of individuals in the country are some other key factors supporting growth of the target market in India.

Furthermore, recent improvements in education related government guidelines, growing support for FDI in education, and growing penetration of online/ E-learning is expected to fuel growth of the target market over the forecast period.

Key Trends:

Growing investment in education sector through Foreign Direct Investment (FDI) and by government authorities in education and training sector is a key trend witnessed in the India education market. For instance, as per data released by Department for Promotion of Industry and Internal Trade (DPIIT), around US$ 3.24 Bn investment in education sector is occurred through FDI in between April 2000 to March 2020.

In addition, the venture capital investors have invested around US$ 1.19 Bn across 36 deals in between January to August 2020. Also, BYJU’s has raised capital of around US$ 1.12 Bn in between January to September 2020. Furthermore, Government of India has allocated around US$ 8.56 Bn for Department of School Education and Literacy under Union Budget 2020-21.

Scope of the Report:

Detailed Segmentation:

India Education Market, By Type:

• K-12
• Higher Education
• Corporate Training

India Education Market, By Gender:

• Male
• Female

India Education Market, By Infrastructure:

• Colleges
• Universities
• Standalone Institutes

Key Players Covered:

Key players operating in the India education market include, Educomp Solutions Limited, Everonn Systems India Limited, The Birla Institute of Technology & Science, Pilani, Think & Learn Private Limited (BYJU’S), Symbiosis Centre for Distance Learning, Medvarsity Online Limited, AEON Learning Private Limited, NIIT Ltd., and Udemy India L.L.P.

Key Features of the Study:

Foresight Market Research provides detailed analysis on India market in our report- India Education Market by type, gender, and infrastructure. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the India education market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.