The Indian education system is one of the largest systems in the world (after China and USA). As the education industry in India grows to meet the demands of a growing population, the market for collaborative technologies will grow as the latter will enable quality education and sophisticated learning management systems.
The Indian education system is one of the largest systems in the world (after China and USA). As the education industry in India grows to meet the demands of a growing population, the market for collaborative technologies will grow as the latter will enable quality education and sophisticated learning management systems.
The growth in the collaborative technology market will be spearheaded by the confluence of three factors namely, the widespread presence of software technology providers, improved internet connectivity landscape in India, and the increased penetration of computing and communication devices. However, the primary factor driving this industry will be the nation’s burgeoning higher education industry. The number of student enrollments in universities and colleges is expected to reach 57 million in 2018-2019 as compared to 30.4 million in 2013-2014 growing at a CAGR of 13.38% annually.
Currently, we find that a number of universities, schools and colleges in India have adopted collaborative technologies in education, the most notable one being key government projects such as the Rashtriya Ucchatar Shiksha Abhiyan ( RUSA), National Mission on Education, and the META University. These government initiatives and higher educational institutions, besides demonstrating the merits of adopting technology in education, have demarcated a clear market opportunity for providers of collaborative educational technology. In the future, we can expect the implementation of educational collaborative technologies in a bid to enhance the efficiency of ICT and educational ERP systems.
The objective of this report is to provide a complete overview of the education market and analyze the upcoming trends, market breakup, market segmentation, and market size of collaborative educational technology in India over the next five years. Also, the report analyzes the scope for the existing and potential technology vendors in India and the trends in funding for these companies. Additionally, Market forecasts for 5 years are presented.
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