Deployment of Advanced Cobots Propels Global Electrical & Electronics Industry: Ken Research

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Robots in the electrical and electronics industry are technically programmed machines that can carry out a series of operations automatically. All the robots are operated with an embedded controller or with an external controlling device. Automation within the multiple manufacturing sectors has witnessed the need for human resources coupled with robotic technology for quality innovative products. Collaborative robots are deployed to perform dangerous and repetitive tasks with consistent accuracy and precision. Collaborative robots are known as cobots (collaborative robots) that aid in reducing raw material wastage, optimizing operational costs, and enhancing productivity. Cobots are perfect employees for a wide range of jobs around the globe that humans cannot afford to perform. They are designed to move materials, equipment parts, tools, performs a variety of programmed tasks within the automotive manufacturing facility. Industrial robots possess articulated arms specifically developed for multiple applications.

According to the study “Global Collaborative Robots Market in Electrical & Electronics Industry 2016-2022 by End-user, Application, and Region”, advanced robots are smaller, smarter, more affordable, user-friendly and flexible automatic solutions compare to aged traditional industrial robots. Collaborative robots possess advantages such as lower cost, weight, footprint, easy to program, integrate, empower employees and reduce their work stress. Deploying robots within the electrical and electronics industry is affordable for small and medium-sized enterprises because. Robots are fast, flexible and adapt new production procedures from all stages starting from design, application, installation, manufacturing, operation, and maintenance. Cobots are unique with their high-resolution force control, accurate can handle electronic assemblies, fragile components, and high-quality accessories.

Robots are equipped with articulated arms that are lightweight, space-saving, and easy to re-deploy to multiple applications without any change in production layout within the electronics and technology industries. Cobots are in the electrical and electronics industry is used for production, lighting, manufacturing mobile phones, computers, input devices, audio/visual, and many more. It was estimated that the risk of employee injury increases with the increase in precision; therefore, cobots deployed can perform complex tasks that require working in close proximity to sensitive machinery inside the electrical and electronics industry. A number of products are moved through the production line within the electrical and electronics industry without human interaction and contamination. Robots are ideal for electrical and electronics industry to assemble delicately printed circuit boards and testing of PCBs for quality control.

Geographically, the global market for robots in the electrical and electronics industries is spread across the Americas, Europe, Asia-Pacific, and the rest of the world (RoW). North America, China, Japan, Germany, South Korea, and Mexico countries are deploying more number of robots due to industrialization and demand for electrical and electronic products. However, North America occupies the first place in the adoption of industrial robots with increasing sales and tremendous revenue. Within the Asia-Pacific market, China and Southeast Asian countries are bolstering the growth in industrial cobots market and this trend will continue over the next few years. The leading players within the cobots in electrical and electronics industries are ABB, Rethink Robotics, Universal Robots, KUKA, Fanuc and Yaskawa Motoman.

Cobots are constantly improved with advanced robot technology, big data, machine learning, artificial intelligence, Internet of Things (IoT) and Industrial Internet of Things (IIoT). It was observed that over the past few years there was a considerable increase in the adoption of robots in all the electrical and electronics manufacturing industries. Deployment of cobots has bolstered competition despite high labor costs and help in sustaining electrical and electronics manufacturing activities. Evolution in technology coupled with the need to refurbish the existing global electrical and electronics manufacturing facilities will enhance the market for robots over the next few years.

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Global Small Programmable Logic Controllers (PLC) Market Research Report: Ken Research

A Programmable Logic Controller (PLC) is a form of ruggedized computer used in industries for automation. They are programmed to automate specific processes, machine functions and sometimes the entire production line. PLCs receive information and data from connected input devices and process these data and trigger output upon their programmed instructions. Based on incoming inputs and outputs, real time insights on machine productivity, temperature can be measured and the processes can be automated. They are flexible and are controlled by robots, which are easily adaptable.

Small PLCs are PLCs that have more than 128 Input and Output (I/O) points but not more than 256 I/O functions. They do not include any I/O enhancements fitted along with the basic system. As PLCs are growing smaller and smaller in size, they have grown in their power and functional capabilities. They are the best alternatives for replacing relays and performing control functions in a bare minimal space. Advancements in microelectronics and surface mount technologies have led to reduction in the manufacturing costs of PLCs. Due to the ever-shrinking size of these PLCs, they are rapidly replacing applications of relay controllers that were used in compressors, packaging and labelling, textile and food industries.

The report “Global Small Programmable Logic Controllers (PLC) Market by Architecture, Product (Nano and Micro), Industry Vertical and Region 2014-2025: Growth Opportunity and Business Strategy” gives a detailed analysis and data for annual revenue which are available for 2014-2025. The breakdown of key national markets by product type and industry vertical over the forecast years are also included. The report consists of competitor’s analysis and the predicted manufacture trend; and profiles PLC vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in the Global Nano PLC market and industry is assayed quantitatively and qualitatively through GMD's Risk Assessment System. The major players in the market are ABB Ltd., Emerson Electric Co., General Electric Co., Hitachi, Ltd., Honeywell International Inc., IDEC Corporation, Mitsubishi Electric Corp., Omron Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE and Siemens AG.

The advantage of relay control over PLC has to do with the fact that PLCs are economical in production and thus reduce costs of production. Business constantly prefers PLCs, sometimes for even higher costs. Small PLCs are suited well to handle complex sequencing functions. Between the choice of large PLCs and small PLCs, the trade off happens in terms of cost and size since both the PLCs perform similar functions.

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Modernization of Health Care Centers Followed by Increase in Safety to Drive the Smart Hospital Market in Asia Pacific Region : Ken Research

According to study, “Asia-Pacific Smart Hospital Market (2018-2023)” some of the major companies that are currently working in the Asia-Pacific smart hospital market are Medtronics, GE Healthcare, Stanley Healthcare, Microsoft Corp., Adhere Tech, Cerner Corporation, Siemens, Athenahealth, Qualcomm, AdhereTech, Philips.

A smart hospital is a hospital that depends on enhanced and computerized processes which are built upon use of an ICT environment of consistent assets. These assets are mainly based on Internet of things (IoT), to develop patient concern procedures and setting up new capabilities. It is also classified as intelligent hospitals. Smart hospitals have different layers of operations smart insight layer, data layer and access layer. It relies on big data revolution, which combines connected devices with artificial intelligence, cloud computing and big data analytics for ensuring the smart infrastructure. It has main focuson patient centricity, operational efficiency and clinical excellence. They provide health, security & patient safety, environmental responsibility, intelligent hospital infrastructure, staff & business efficiency and patient satisfaction and many others. It implements up to date security measures and performs penetration auditing & testing. It supports multi-stakeholder communication platforms or ISACs.

Some of the essential features are attention to the personal data, enhanced efficiency, expansion of the patient’s capabilities, quality improvement and improving relationship between medical organization & patient etc.

On the basis of product, the smart hospital market is segmented into mHealth, electronic health record, smart pills and telemedicine etc. On the basis of technologies, the market is segmented into cloud computing, wearable technologies, internet of things (IOT), radio frequencies identifications, artificial intelligence and zigbee technologies etc. In addition, on the basis of application, the market is segmented into electronic health record & clinical workflow, remote medicine management, medical assistance, medical connected imaging and outpatient vigilance etc.

Some of the major assets of smart hospitals include networked medical devices, mobile client devices, networking equipment, interconnected clinical information systems, identification systems, data, buildings and remote care systems etc. Networked medical devices include implantable devices, mobile devices, supportive devices, wearable devices and stationary devices etc. Interconnected clinical information systems include blood bank system, picture archiving & communication system, hospital information system and research information systems. In addition, electronic medical records, research & patient data are some major types of the data assets.

The major drivers of the smart hospitals are increase in the number of start-up companies followed byrise in number of hospitals and surgical centers, increasing prevalence of chronic diseases, surge in mergers & acquisitions in the health care sector, modernization of health care infrastructure and government regulation & policies escalated and led to the expansion of the market. Apart from drivers some of the major threats causing hindrance are human errors, malicious actions, natural phenomena and system & third-party failures etc.

Asia-Pacific is the largest region for smart hospitals in world. In India and China, tele-consultation holds the largest market value due to less numbers of doctors and huge population. It is expected that Asia-Pacific smart hospital market will be grown at US$ 14.5 billion, at a CAGR of 28.4%, by 2023. In the near future, market is expected to increase due to large scale implementation and development of smart hospitals and mutual working of private & government organizations.

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Growth in Organized Retail & E-Commerce Industry to Drive the Nutritional Supplement Market in North American Region: Ken Research

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Nutritional Supplement is also called dietary ingredient. It consists of proteins, vitamins, aromatic plants, meal sports nutrition, supplements, and other related products. It provides the dietary support to the resistant system improves overall health & energy and reduces the risk of disease.

According to study, “North America Nutritional Supplement Market (2018-2023)” some of the major companies that are currently working in the North America nutritional supplement market are Amway Corporation, Pfizer Inc., GlaxoSmithKline, Abbott Nutritionals, Herbalife International, NBTY Inc., Abbott Laboratories, Archer Daniels Midland Company, GlaxoSmithKline plc, Glanbia, Plc., DuPont De Nemours and Company, Pfizer, Inc., Nutraceutics Inc., Bayer AG, The Carlyle Group. These vendors are focusing on increasing their trade operations by implementing strategies for instance distribution agreements & new product launches.

Based on the type of ingredients, the nutritional supplement market is defined by protein, vitamin, amino acid, enzyme, and botanical supplement. Some substances of these ingredients are included organ tissues, metabolites, enzymes and glandular. Based on application, the market is segmented into medicinal supplements, additional supplements, and sports nutrition. Based on the point of sale, the market is segmented into a hypermarket, supermarket, departmental & retail store, and pharmacies or drug stores etc. Additionally, based on the end-user, the market is defined as adults, old-aged, pregnant women and children.

Many adults take one or more nutritional supplements either every day or occasionally, in the U.S. These supplements include many products such as minerals (iron and calcium), vitamins, herbals & botanicals (echinacea and garlic), enzymes, amino acids, and many other products. All these supplements are present in many forms such as capsule, pill, soft-gels, liquor and traditional tablets.

The Federal Trade Commission (FTC), the Food & Drug Administration (FDA) and the Dietary Supplement Health & Education (DSHEA) are some regulatory agencies of nutritional supplement, in U.S. DSHEA provides assistance on good manufacturing practice (GMP) and labeling standards of nutritional supplements. The FDA issues regulations and rules for dietary supplement marketing, labeling, and safety. In addition, FTC standardizes the advertisement related to dietary supplements.

Some of the key advantages are improved muscle strength & tone, improve energy level & cholesterol level, inferior blood pressure, improve cardiovascular & respiratory function, strengthen fingernails & hair, increase bone thickness, improve memory, reduce wrinkles & age acne, prominent mood & improve sleep, improve immune system strength & curing power and reduce body fat etc. In addition, some of the major side effects are bleeding, headaches, anesthesia, and liver damage; reduce bone strength and nausea & vomiting etc.

The nutritional supplement market is driven by growth in organized retail & e-commerce increasing awareness regarding nutritional care & access to information, hectic lifestyles, the rise in disposable income, increase in lifestyle diseases, foremost to the convenience of the nutritional products in the market and increasing the use of traditional herbal medicines etc. Apart from advantages, some of the major challenges include the high cost of raw substance, lack of accurate standardization and prevalence of counterfeit products and others.

North America is the second major market of nutritional supplement in the world after Asia-Pacific and U.S. is the largest market in North America. In 2018, vitamin supplements hold the largest market share. In upcoming years, it is expected that this market will be grown increasingly due to rising awareness towards nutritional supplement among working professionals.

The nutritional supplement market is driven by growth in organized retail & e-commerce increasing awareness regarding nutritional care & access to information, hectic lifestyles, the rise in disposable income, increase in lifestyle diseases, foremost to the convenience of the nutritional products in the market and increasing the use of traditional herbal medicines etc. Apart from advantages, some of the major challenges include the high cost of raw substance, lack of accurate standardization and prevalence of counterfeit products and others.

North America is the second major market of nutritional supplement in the world after Asia-Pacific and U.S. is the largest market in North America. In 2018, vitamin supplements hold the largest market share. In upcoming years, it is expected that this market will be grown increasingly due to rising awareness towards nutritional supplement among working professionals.

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Technology and Automation to Drive IoT in Automotive Market in Europe: Ken Research

The Internet of things (IoT) includes strategy, automobile, and household electrical devices. It is used for adding smart and remote operations with use of information technology and communication. IoT provides software, electronics, actuators, connectivity and operations technology where virtual world accumulates the physical world. These days IoT based applications are used in automotive, industry by using a variety of developments around smarter vehicles and associated communications. IOT in automotive industry is used for connecting people, machines, vehicles, auto parts, and services to simplify the flow of data, facilitate decisions between machine and user, and provide better automotive experience to users. Based on the application, IoT market is segmented into telematics, navigation, fleet & quality management, analytical maintenance, collision avoidance, entertainment and infotainment.

According to study, “Europe IoT in Automotive Market (2018-2023)” some of the major companies that are currently working in the Europe IoT in automotive market are Cisco, Microsoft, Schaeffler Group, TomTom, Atooma, IBM, CarlQ, Robert Bosch GmbH, Ford, GFK, Xesol Innovation, Xesol Innovation, Evoke Motorcycles, Apple, Mercedes Benz, Hyundai, Appy Parking, Accenture, AT & T, Ride Logic, Dash Road, Google Inc., Audi AG, General Motors, NXP Semiconductors.

The automotive industry is undergoing incredible modification, both in the technology and service it provides and changing the business scenarios. People and companies have transformed the way they think about IoT and automotive use. A big fraction of this change occurs from the increasing connectedness of cars. The Cooperative Intelligent Transport Systems (C-ITS) Platform and 5G Action Plan are European government regulatory programs for connected vehicle, which have added many benefits such as offering new transport services, saving fuel, improving traffic management, reducing road fatalities and creating a new area for jobs & competitiveness in the region. In addition, the Connected Vehicle Trade Association (CVTA) is a non-profit manufacture group, which offers the communication between organization, companies and government bodies of vehicle connections.

The market of IOT in automotive is frequently driven by increasing in government funds for better traffic management. Increasing need of safety & security both of the passengers, growing automobile industry, rising population, increasing disposable income, investment and funding in connected vehicles, followed by increasing use of modern products, and increasing demand for smart-phone features in cars are some driven factors for of the development of market.

Apart from advantages, some of the restraints include high maintenance cost & capital expenditure, lack of infrastructure, additional cost burden on consumers, government regulations and privacy & security issue etc. In addition, some new opportunities are emergence of 5G technology and collaborations between various industry players. Moreover, some of the new technologies have created anti-lock brakes, adaptive cruise control, automated directed vehicle system, electronic firmness controls, self-parking and lane-departure warning system. All these technologies are responsible for growth of IoT in automotive market in Europe.

Europe is the second largest market of IoT in automotive sector. Italy, Sweden, Germany, France and Luxembourg are some European countries, which have high IoT penetration rate of this market. In upcoming years, it is expected that the LTE-V2X technology will offered a distinctive path for 5G technology and will allow more reliable communication between vehicles, without using mobile network coverage. During 2018-2023, it is expected that the V2V segment will be registered high growth rate. It is estimated that this market will be grown at CAGR of 26.62 %, with USD 30.09 billion revenue value, by 2023.

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Enhanced Patient Experience followed by Improved Outcomes of the Treatment to Drive the Smart Hospital Market in European Region : Ken Research

According to study, “Europe Smart Hospital Market (2018-2023)” some of the major companies that are currently working in the Europe Smart hospital market are Medtronics, Qualcomm Life, Stanley Healthcare, GE Healthcare, Cerner Corporation, Microsoft Corp., Siemens, Philips, McKesson, SAP, Honeywell Life Care Solutions, Citius Tech Inc., Allscripts, Infor Inc., Adhere Tech Corp., PhysIQ, Gluco Vista, Epic.

The smart hospital consists of a combination of hardware, software, wearable devices for patients and biomedical sensors etc. The sensors based equipment provides many different forms of tailored and situation adapted medical support, improving patient health and nursing consumer health conditions etc. Smart hospitals aid in balancing the clinical result excellence, operational or supply chain competence and strong patient support with the use new technology. Smart hospitals adds many features such as awareness to personal data, improved efficiency, development of the patient’s capabilities, quality improvement and improving relationship between health organization & patient etc. It also implements the modern security measures and performs dissemination auditing & testing. It supports multi collaborator communication proposals or Internet Speech Audio Codec (ISACs).

The smart hospitals include many smart assets such as networked medical devices, transportable client devices, networking tackle, interconnected medical information systems, recognition systems, data, buildings and distant care systems etc

The smart hospital concept includes multiple elements such as new workplace models, patient experience, supply chain management using real-time location system (RLTS) or radio frequency identification (RFID), provider-patient collaboration, home monitoring or remote care, population health management, data life cycle management, focused hospitals or micro hospitals and security etc.

On the basis of components, the smart hospital market is segmented into services, hardware and systems. On the basis of services rendered, the market is segmented into general, specialty and super specialty. On the basis of connectivity, the market is segmented into wired, wireless and others. On the basis of technology, the market is segmented into wearable technologies, internet of things (IOT), cloud computing, zigbee technologies, artificial technologies and RFID. All these technologies are used to help doctors for better medical treatment. IOT is used to connect medical devices with each other for transferring patient data. Artificial intelligence is used for smart medical services for reducing the health risks. In addition, on the basis of application, the market is segmented into medical assistance, outpatient vigilance, remote medicine management, electronic health record & clinical workflow and medical connected imaging etc.

Some of the major benefits of smart hospitals market include enhanced patient experience, decreased cost of the treatment, improved outcomes of treatment, improved disease management and reduced errors etc. The smart hospital market is driven by changing lifestyles of people, increasing severe diseases and increasing per capita income in the region. Moreover the European Health Insurance Card (EHIC) offers coverage of medically necessary healthcare services with free of charge under government expense.

The requirement for health services has increased fast in the Europe due to growing number of chronic diseases. The UK, Germany, Netherlands and Sweden have highly developed communications to organize next-generation health informatics function and building smart hospitals. It is expected that Europe smart hospital market will be reached at USD 16.7 billion, at a CAGR of 21.9 %, by 2023. In the upcoming years, it is estimated that the market is expected to increase owing to the value of technology-enabled healthcare development in the countries like France, Sweden and Ireland.

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Europe Programmable Logic Controller (PLC) Market Research Report and Forecast: Ken Research

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A Programmable Logic Controller (PLC) is a form of ruggedized computer used in industries for automation. They are programmed to automate specific processes, machine functions and sometimes the entire production line. PLCs receive information and data from connected input devices and process these data and trigger output upon their programmed instructions. Based on incoming inputs and outputs, real-time insights into machine productivity, the temperature can be measured and the processes can be automated. They are flexible and are controlled by robots, which are easily adaptable.

According to the report Europe Programmable Logic Controllers (PLC) Market by Architecture, Product, Industry Vertical and Country 2014-2025: Segment Analysis, Trend Forecast, and Business Strategy give a detailed analysis and data for annual revenue which is available for 2014-2025. The breakdown of key national markets by product type and industry vertical over the forecast years are also included. The report consists of a competitor’s analysis and the predicted manufacture trend; and profiles PLC vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in Europe PLC market and industry is assayed quantitatively and qualitatively through GMD's Risk Assessment System. The major players in the market are ABB Ltd., B&R Industrial Automation GmbH, Emerson Electric Co., General Electric Co., Hitachi, Ltd., Honeywell International Inc., IDEC Corporation, Mitsubishi Electric Corp., Omron Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.

 In the field of industrial automation, there have been a surge in the use of analytics, the use of PACs, PLCs and cloud-based supervisory control and data acquisitions. These trends will be the future of industrial automation. There is a constant improvement in making the automation industry energy sufficient, improved designs and operator visualization. PLCs will continue to play an important role in this because they have proven to be the best alternative for a variety of industrial automation appliances. PLCs are evolving at a great level due to flexibility, ease, improved memory, speed, and scalability. PLCs have reaped the benefits of USB technology and have made monitoring of control systems easier.

The future of PLCs will be ever evolving due to the advent of smaller micro and mini USB converters which will help in producing smaller PLCs and improve the bandwidth of usage. There will be improvements in communications, hardware, and software. In industrial automation in European countries, there already has been the adoption of control devices like PCs, DCs without any intervention from humans.

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Increased Cost Efficiency Coupled with Technological Advancement to Drive the 3D Printing in Healthcare Market in the North American Region : Ken Research

According to study, “North America 3D Printing in Healthcare Market (2018-2023)” some of the major companies that are currently working in the North America 3D printing in healthcare market are Stratasys Ltd., Renishaw, 3D Systems, Formlabs, Organovo.

The 3D printing is a method of making a substantial object from a three dimensional digital model, which is done by layering down several thin coatings of a material in sequence. ZipDose is a best example of 3D printer in healthcare industry, which creates pills by printing out thin coatings of drug in powder form, with coating of a water based binder spread among each of the powder layers. The major methods or the process used are rapid prototyping (RP), additive manufacturing (AM) and solid free-form fabrication (SFF).

The 3D printing includes the components like frame, idle gear, bed leveling, belts, heater cartridge, nozzle, SD card slot, extruder, print bed, power supply, heater cartridge, user interface, stepper motors, lead screws or threaded rods, motherboard and hobbed gear etc.

The 3D printing healthcare market is classified into material jetting, stereo lithography (SLA), thermal inkjet printing (TIJ), binder jetting (BJ), selective laser sintering (SLS) and fused deposition modeling (FDM). Some materials are included in this process such as metals, donor cells, ceramics, plastics or polymers, bone cement and photopolymers etc. Metals include aluminum, titanium and stainless steel. Ceramics include silica, glass and porcelain. In addition, Acrylonitrile Butadiene Styrene (ABS), nylon and polylactic acid (PLA) are the plastics or polymers.

Based on the technology, the 3D printing in healthcare market is segmented into droplet deposition, wax deposition modeling, electron beam melting (EBM), laser beam melting (LBM), laminated object manufacturing, bio printing and photo polymerization. Some of the major applications of the market are include surgical instruments, laboratory & manufacturing tools, hearing aids, tissue engineering, prosthetics, dental, medical components and drug screening. Some implants such as bone plates, spinal rods, prosthetic implants, cranial implants and orthopedic implants are surgical instruments. Some prosthetics are lower limb or extremity componentry, finger splints, shank & connectors and hip disarticulation etc. In addition, the orthodontics, implants (endosteal& sub-periosteal implants), dentures and prosthodontics are the dental 3D printing applications.

Some of the key advantages of the market are increased cost efficiency, democratization & collaboration, customization & personalization and enhanced productivity etc. Apart from advantages, some of the major disadvantages include slow procedure, expensiveness, insufficient strength and misuse of technology or expertise. Moreover, the lack of raw material, high cost of manufacturing and lack of awareness also adds to the problems.

The National Additive Manufacturing Innovation Institute (NAMII) is an additive manufacturing institute in the U.S., which provides innovation infrastructure for supporting new additive manufacturing products and technologies of 3D printing. This institute includes many non-profit organizations such as National Digital Engineering and Manufacturing Consortium and Association for Manufacturing Technology and many others.

The market of 3D printing in healthcare industry is mainly driven by increasing disposable income, increasing scope of bioengineering products, rising demand for patient-centric products in orthopedics & maxillofacial surgery, increasing dental laboratories & hearing aid manufacturers and the reduction in the costs of 3D models and the availability of a range of material options such as nylon, polymers, etc are growing appreciably which led to the growth of the market.

North America holds the largest market share in the world due to widespread adoption of the 3D printing technology, several collaborations between academic and commercial organizations, increasing research and development investments and increasing various technological advancements. It is expected that 3D printing in healthcare market will be reached at USD 0.7 billion by 2023.

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Increase in Use of Internet Coupled with Demand of New Courses to Drive the Online Education Market in India: Ken Research

Online education is a form of education which is administered and delivered via the internet, also called e-learning. It provides a new mode of learning in different languages. It adds medium for students to develop expertise remote locations. It includes massive open online courses, online courses, and certification and designed or blended courses among others. Some features of online education are include mobile learning, content security, assessment management & live feedback, quick user integration, motivational triggers, student information management and online admission etc.

According to study, “Online Education Market in India (2018-2023)” some of the major companies that are currently working in the online education market are The Birla Institute of Technology and Science (BITS), IGNOU Ltd., Pilani, Symbiosis Centre for Distance Learning, AEON Learning Private Limited, NIIT Pvt. Ltd., Tamil Virtual Academy, BYJU's Pvt Ltd., Educomp Solutions, Vedantu Innovations Private Limited, Dexler Education, Think & Learn Private Limited, Medvarsity Online Limited.

The online education market is categorized into test preparation, primary & secondary education, higher education, reskilling & online certifications and language & casual learning. On the basis of type, the market is segmented into corporate and academic. On the basis of learning mode, the market is segmented into instructor-led learning mode and self-paced learning mode. On the basis of delivery mode, the market is segmented into Learning Management System (LMS) and packaged contents etc. The packaged content is included videos, e-books, and simulations.

On the basis of product type, the online education market is segmented into content and services. On the basis of technology, the market is segmented into rapid e-learning, mobile e-learning, virtual classroom, application simulation tool and podcasts etc. In addition, on the basis of end user, the market is segmented into higher education, K-12, government, corporate and vocational etc.

Some of the key advantages associated with the online learning are flexibility of using time, lower cost, continuation in current profession, comfortable learning environment, personalized guidance, variation in course module, effectiveness, pacing and networking opportunities etc. Apart from advantages, some of the disadvantages include internet connection problems, unsuitable for hands-on fields and lacks the warmth of face to face interaction etc.

The market of online education is mainly driven by increasing implementation of IT security and cloud based solutions. Increasing demand for technical education, favourable demographics, growing youth, rapid growth in digitization,growing penetration of smart-phones & internet connectivity and government regulations& policies are significantly adding opportunity which have led to the growth of the market. Additionally, some of the key new trends include popularity of big data & learning analytics, emergence of cloud computing and inclusion of gamification to drive engagement levels.

Some institutes have started offering online courses in country such as Amity University, Sikkim Manipal University, Indira Gandhi National Open University, Visvesvaraya Technological University and Symbiosis Center for Distance Learning. The government has also created policies for developing online education delivery infrastructure and expansion of digital literacy in country. Digital India (DI) initiative provides a major support in development of online education. The main aim of this initiative is to provide high value services of internet at reasonable price for enlargement of online education in country.

It is expected that test preparation market will become major market segment due to rise the number of various exams such as union public service commission (UPSC), bank probationary officer (PO), graduate management admission test (GMAT) and common admission test (CAT). It is estimated that the market of online education will be bright in near future.

For more information on the research report, refer to below link:-

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