Digital education has taken over the traditional method of teaching in a very exciting way. Educational institutions are now utilizing technology to make teaching a more interactive and simple way out. Virtual classrooms, e-lectures, web conferencing and online courses, are a plethora of options giving education a digital future.
Classroom coaching is the dominant segment of the Coaching Industry and is responsible for generating the most substantial chunk of revenue of this industry.
MARKET OPPORTUNITIES
The Indian education market, currently estimated at US $100 billion, is expected to reach US $180 billion by 2020. India has one of the largest education systems in the world. It has the world’s highest population attending classes at school, an age bracket of 6 to 17 – about 310 million.
According to the University Grants Commission, in 2016, India is host to 751 universities and over 35,539 colleges. The distance education system contributed a quarter of student enrolments in the Higher Education System, with over 29 million students enrolled in the Indian Higher Education Systems. The size of the Indian online education market is growing at an unbelievable rate. The expected growth is $40 billion by 2017 from the current market size that sets at $20 billion.
India is more than ready for digital transformation in the education sector. Digital education does not only mean recorded videos which students use instead of textbooks, but also virtual labs, virtual classrooms, and e-Learning all contribute to digitization. Much work remains to be done for students in Tier II, III, IV sectors for them to benefit from this progress and quality education.