The industry revenue for technology services will increase at a CAGR of 21.7% during the period 2018-2023E, while the industry revenue for content services is expected to rise at a CAGR of 15.0% during the same period.
Universities and Schools offering higher education and corporate enterprise is likely to be the key focus areas for E-Learning services.
The Philippines E-Learning market is expected to witness the increasing number of small players entering the market which will focus more on providing LMS services.
Analysts at Ken Research in their latest “Philippines E-Learning Market Outlook to 2023 - By Content (Multimedia, Open Courseware, Online Tests and Others), By Technology (LMS, Smart Classes and Smart Authoring Tools), By Source of Learning (E-Books, MOOCs, Gamification, and M-Learning), and By End Users (Schools, Universities, Corporates, Vocational training, and Others)” believed that the E-Learning market in the Philippines will grow due to higher internet penetration, increased inflow of enrollments in higher secondary schools as well as the increased government expenditure towards education. K-12 schools contributed the highest revenue share to the overall E-Learning industry in the Philippines in the year 2018. The market is expected to register a positive CAGR of 17.8% in terms of revenue during the forecast period 2018-2023E.
Rising The demand for Multimedia Content: The country has witnessed a growth in the demand for multimedia content primarily due to the rising usage of digital platforms that have facilitated easy learning through a multimedia platform. End users prefer a more interactive form of content as it enables them to understand concepts better. Therefore, in the future, it is anticipated that the revenue share of multimedia content will reach up to 40.0% by the year ending 2023E.
Increase in Usage of LMS (Learning Management System): The growing demand for online courses will lead to the adoption of LMS by customers across various sectors. It has also been anticipated that the share of LMS will contribute approximately 60.0% in the year 2023E, largely due to Universities and corporate organizations being the major users of LMS as this service is a viable and an advanced option for them to train their students and employees respectively. Moreover, it is expected that the corporate sector and universities together will contribute to revenue share over 50.0% to the overall E-Learning industry in the Philippines by year-end 2023E.
Key Segments Covered:-
By Content and Technology Services
Content
Open Courseware
Multimedia
Online Tests
Others (uploading existing Content)
Technology
Learning Management System
Smart Classes
Smart Authoring Tools
By Content Format
Text
Video
Audio
By Source of Learning
MOOC’s
E-Books
M-learning
Gamification
By End Users
Schools
Universities
Corporates
Vocational Training
Others
Key Target Audience
Content Providers
Technology Providers
Hardware Providers
Corporate Enterprises
Higher education institutes
K-12
Investors
P.E. Firms
Institutes
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Companies Covered:-
Quipper
DIWA
MOODLE
Topica Edtech Group
Cypher Learning
SPI Global
Yapster
Blackboard
Canvas
Keywords:-
Open Courseware in Philippines
Open Educational Resources in Philippines
E-Learning Businesses Philippines
E-learning business in Manila
Moocs Online Course in Philippines
K-12 Sector in Philippines
Smart Classes in Philippines
Smart Boards in Philippines
Mobile Learning Education in Philippines
Augmented Reality Education in Philippines
Philippines Online Books Market
Online Learning in Philippines
Vocational Training in Philippines
Virtual Reality in Philippines
Web Solutions in Philippines
Online Higher Education in Philippines
Philippines Education Sector
Philippines Education Technology
Vocational Training in Philippines
For More Information Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment