TechNavio’s analysts forecast the Distance Learning market in India to grow at a CAGR of 10.15 % by ODL enrollments and a CAGR of 25.27 % by revenue.
Distance learning is a mode of delivering education and instruction to students via non-traditional settings such as study notes and online course materials on an individual basis without any face-to-face interaction. The study materials are prepared by the university or college and are sent directly to the student. However, these days students access these materials through the internet. TechNavio’s analysts forecast the Distance Learning market in India to grow at a CAGR of 10.15 percent by ODL enrollments and a CAGR of 25.27 per cent by revenue over the period 2014-2019.
Technavio recognizes the following companies as the key players in Distance Learning Market in India 2015-2019: BITS Pilani, IMT Centre of Distance Learning (IMT-CDL), Indira Gandhi National Open University (IGNOU), Symbiosis Centre of Distance Learning and Pune (SCDL)
Other Prominent Vendors in the market are: Dr. BR Ambedkar Open University, Guru Gobind Singh Indraprastha University, Kurukshetra University, Mahatma Gandhi University, Netaji Subhas Open University, Pondicherry University, Sikkim Manipal University, University of Bombay and University of Delhi.
Commenting on the report, an analyst from Technavio’s team said: “The increased literacy rate among women has had a significant effect on the student demographics in distance education. Globalization and the influence of Western countries have inspired women to become self-sufficient and independent. Women are enrolling in education programs to develop their skills in different fields. The enrollment rate for the female population in remote geographical locations has increased in distance education.”
As per the report, the rise in government initiatives propels market growth considerably. Several fresh graduates in India are seeking employment opportunities in esteemed public and private organizations. Therefore, the government is increasingly introducing initiatives to offer quality higher and post-secondary education to students.