Wed, May 24, 2017 | updated 02:20 AM IST

Technopak and Simplilearn release white paper on digital learning market in India

Updated: Aug 09, 2016 17:47 IST      
Technopak  and Simplilearn release white paper on digital learning market in India
Bangalore (Karnataka), Aug.9 (ANI-Businesswire India): Technopak and Simplilearn, a leading global Ed-tech company, have jointly published a report titled, "Technopak & Simplilearn Whitepaper on the Digital Learning Market in India".

Covering the most significant trends expected to impact the digital learning landscape in India.

The report highlights that the online professional education market globally is expected to exceed USD 9 billion by 2020, growing at compound annual growth (CAGR) of 14 percent from 2016 - 2020.

With the growing demand for skilled talent in the IT industry today, the report highlights that working professionals are increasingly looking to enhance their employability by up-skilling with online certification training in emerging technologies like Big Data, Cloud Computing and Salesforce, Project Management, Mobile App Development and Digital Marketing.

Technological advancements in the IT industry has raised awareness about certification training, which is reinvigorating the Indian online professional education space.

The report also indicates emerging trends, and forecasts the gamification of learning and simulation as well as the implementation of augmented and virtual reality in education. It states that the global market size of simulation-driven learning is USD 4.4 billion.

With a share of 0.25 percent, the simulation based learning market in India is estimated to be worth USD 13 million in FY'16, and is predicted to grow at a CAGR of over 100 percent in the next 4-5 years.

"Skilling is one of India's most critical needs today. However, given the pace of development, there's a growing realization that skilling needs to be seen from the perspective of lifelong learning. Digital-Learning and online certifications open up a gamut of options for students looking to enter both traditional and non-traditional fields. It also makes learning more interactive, personalized and self-paced. Students get access to world-class content, faculty, pedagogy and certification - anytime, anywhere and at a much affordable cost", says Aurobindo Saxena, Vice President at Technopak Advisors. According to Technopak's analysis, India's digital learning market is currently estimated at USD 2 billion, growing at a CAGR of 30 percent and is expected to reach USD 5.7 billion by 2020. There's a huge demand emerging from working professionals as well to reskill themselves. This rapid demand is supported by the increasing requirement of skills such as data analysis, project management and digital marketing.

Krishna Kumar, Chief Executive Officer of Simplilearn said, "The whitepaper summarizes the different growth drivers of the Indian digital learning market, along with the opportunities and challenges they bring for the online education service providers. Keeping in mind the current skill-gap and the advances in Ed-tech, it's indeed exciting to see how online certifications have opened up a gamut of opportunities for students and professionals in a world where technologies are changing every few years."

Technopak education analysts also highlighted the various factors that are contributing to the growth of the digital-learning market in India:

. Increasing integration of world economies

. Rise in Internet penetration in India

. Reduction in prices leading to rise in ownership of mobile devices

. Rising aspiration for world class education backed by willingness to pay for it

. Government focus and support

. Internet and digital penetration

India currently has 462 million internet users with a penetration of 35 percent. This growth is driven by the adoption of mobile internet, with 65 percent of internet traffic originating from mobile devices. With programs such as the Digital India Initiative, digital literacy and penetration is projected to increase significantly in the next few years.

India has the second largest MOOC user base after the US and its rapid expansion means that an increasing number of courses have a majority of people from India. Being affordable and accessible, MOOCs are helping address the quantity and quality education gaps in India by supporting traditional classrooms.

The government of India's Digital India initiative is a flagship programme that envisions to transform India into a digitally empowered society and knowledge economy. Around 20+ new initiatives have been launched to widen the scope of the Digital India Programme to include projects in the areas of digital infrastructure, digital empowerment, on-demand government services and promotion of industry with the aims of universal digital literacy and universally accessible digital resources.

The report further outlines that while there are positive trends regarding the adoption of Digital Learning in India, lack of content in regional languages and poor internet connectivity in smaller towns and semi-urban areas poses the key impediment towards widespread adoption of this technology-driven learning. (ANI-Businesswire India)

New Delhi [India], May 23 (ANI): Largest fertiliser cooperative IFFCO on Tuesday announced its collaboration with Bank of Baroda to launch its co-branded debit card for farmers at a card distribution ceremony organized at their corporate office in New Delhi.

Full Story >>

New Delhi [India], May 23 (ANI): Indian markets are growing at a rapid pace, involving new stakeholders whom until a few years ago did not have any visible and significant presence as far as supply chain space was concerned.

Full Story >>

New Delhi [India], May 23 (ANI-NewsVoir): Adding a new strength to Khadi India's fashion power-house, Aditya Birla Fashion and Retail Ltd. and Khadi and Village Industries Commission, Ministry of MSME, Government of India today announced a strategic collaboration to strengthen the synergies between the two iconic Indian brands.

Full Story >>

BYJU'S unveils personalized learning experience for students

Updated: May 23, 2017 18:05 IST     

New Delhi [India], May 23 (ANI): Education company BYJU'S has launched a major update to its learning app focused at revolutionizing personalized learning experiences for students across grades.

Full Story >>

Maharashtra [India], May 23 (ANI-BusinessWireIndia): Rajiv Gandhi Global Excellence Award Foundation presented 'Rajiv Gandhi Global Excellence Award' in the category - Philanthropy and Entrepreneur to Arun Muchhala, Chairman of ArunMuchhala Group on Sunday 21st May 2017 at The Ashoka Hotel, New Delhi.

Full Story >>

New Delhi [India], May 23 (ANI-NewsVoir): Mahindra First Choice Wheels Ltd., India's number one multi-brand used car products and services company extended its leadership position in the used car industry with a strong performance in F17 in all areas of the business.

Full Story >>

New Delhi [India], May 23 (ANI-NewsVoir): Indian miniature artist Suvigya Sharma makes a new mark in history - does a hyper real portrait of Hon. PM Narendra Modi and present it to him at the Prime Minister's Office in Delhi.

Full Story >>

Avanse Financial Services appoints Amit Gainda as CEO

Updated: May 23, 2017 15:47 IST     

New Delhi [India], May 23 (ANI): New-age education finance Non Banking Financial company Avanse Financial Services on Tuesday announced the appointment of Amit Gainda as its Chief Executive Officer.

Full Story >>

Entertainment Services under GST to have lower tax incidence

Updated: May 23, 2017 15:29 IST     

New Delhi [India], May 23 (ANI): Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality.

Full Story >>

New Delhi [India], May 23 (ANI): Taxation on commodities such as packaged cement, medicaments, smart phones, and medical devices shall come down under the Goods and Services (GST) Tax as the government has reduced its rates on these items.

Full Story >>

Tax incidence on entertainment services under GST lowered

Updated: May 23, 2017 12:57 IST     

New Delhi [India], May 23 (ANI): Taxes on entertainments and amusements were subsidised under the Goods and Services Tax (GST), except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality.

Full Story >>

Acko General Insurance raises USD 30 million

Updated: May 23, 2017 12:00 IST     

New Delhi [India], May 23 (ANI): Acko General Insurance on Tuesday received it's in principle regulatory clearance to launch a General Insurance business in India. In a regulated business, Acko raised USD 30 million.

Full Story >>

Gandhinagar (Gujarat), May 23 (ANI): With the changing global landscape for agriculture and food security, Union Finance Minister Arun Jaitley said that India and Africa can emerge as key partners in these areas.

Full Story >>

New Delhi [India], May 23 (ANI): Digital payment aggregator Paytm on Tuesday unveiled the Paytm Payments Bank, a first-of-its-kind bank that will offer cashbacks on deposits. Customers will also be entitled to zero charges on all online transactions and no minimum balance requirement.

Full Story >>

San Diego (California) [United States], May 23 (ANI): Kyocera International, Inc. has announced that it has received Class Y certification for its semiconductor assembly operations here.

Full Story >>

Jaguar introduces 2.0l diesel derivative of Jaguar XE

Updated: May 23, 2017 06:13 IST     

Mumbai (Maharashtra) [India], May 23 (ANI): Jaguar Land Rover India yesterday announced the start of sales for the 2.0l diesel derivative of MY17 Jaguar XE in India at a starting price of Rs. 38.25 lakh, ex-showroom, Delhi.

Full Story >>

SRF limited announces Q4 and FY17 financial results

Updated: May 22, 2017 18:51 IST     

New Delhi [India], May 22 (ANI-NewsVoir): SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2017 under Indian Accounting Standards (IndAS). The company's audited results were approved by the Board of Directors in a meeting held today in Gurgaon, Haryana.

Full Story >>

CBDT signs two more Unilateral APA's with Indian taxpayers

Updated: May 22, 2017 18:45 IST     

New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced entering into two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers on May 4 and 11 respectively, out of which one agreement holds a rollback provision.

Full Story >>

Bangalore [India], May 22 (ANI-Businesswire India): Relocating household goods from one place/city to another can be really one of the most challenging, hectic and stressful events of life. Whether it is a local shift within the city of Bangalore or relocating home from this city to another city of India, it would be a complicated and time-consuming process for an individual to do it all alone. There are lots of hassles, tedious tasks and unpleasant issues involved with the process of relocation which can pester an individual badly. On the other hands, hiring services of one of the credible and competent packers and movers in Bangalore would be a great decision with respect to simplify the relocating process and turn the circumstance into the easygoing and smooth affair.

Full Story >>

New Delhi [India], May 22 (ANI): Online recruitment marketplace AasaanJobs on Monday announced the roll out of its 'Interview scheduling' feature for employers and candidates, which will allow employers to specify and pick different time slots for scheduling interviews with job aspirants.

Full Story >>