January 2022 | India News
India Edufin
Market at a Nascent Stage: Just as
demonetization acted as a catalyst for the Fintech industry, India EdTech
Industry has been accelerated with COVID coming into the picture. Now, both of
these sectors coming together in collaboration making the EduFin sector. This
sector is still at a nascent stage, and is yet to see products designed
specifically for it.
What we are witnessing currently
is a mere use of FinTech Lending space providing access to consumers to only a
personalized EdTech space using consumer data points. However, in the coming
5-10 years, core technology like artificial intelligence, machine learning,
automation, and others is going to disrupt both EdTech and FinTech platforms in
a massive manner. When these two sectors will be disrupted individually, EduFin
in turn will also be disrupted in a massive manner – with products being
designed specifically for this segment.
The credit score, currently is
determined only by looking at the CIBIL score – which is not relevant in a
country like India where less than 20% of the population have access to formal
credit. Hence, new products which will look at the capability of the individual
and provide financing based on that will be included using core technology.
Regulatory
Challenge in the Market: Looking at
the recent China EdTech regulations, one comes to think what if India EdTech
faces a similar regulation hit by the government as well? The current EdTech
and FinTech regulations are still very uncertain and are evolving. Real time
changes in the regulatory scenario will need to be incorporated considering the
dynamism of the industry. Another challenge in the current market scenario is
the high level of fragmentation which further leads to a high level of
competition in the market place.
Moreover, while dealing with
technology, the risk of data leaks can never be left behind. Due to the lack of
clear data protection protocols and regulations, there also exists a lack of
trust in the online space – especially in tier 2 and tier 3 cities.
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Impact of
COVID-19 on India EduFin Market: Despite the
adverse effect of COVID on all businesses and the Indian economy, the online
education sector in India has been on an ever increasing run. The pandemic has
positively impacted the growth of the EdTech market but has led to
unsurmountable amount of losses in both business and employment. Hence, liquidity
in Indian households became limited, resulting in a boom in the EduFin market.
Digital education was already becoming an emerging trend in India, but the
onset of COVID-19 acted as a catalyst and accelerated the call to action.
Parents and professionals, who
were initially vary of online education, were left with no choice but to adapt
to this mode of education to cope up with the increasing competition.
In a fast paced world filled with
technological advancements and automations - every individual is looking to
learn more new skills and hence stay relevant in the professional world. Even
the competition in the world of education has increased to such an extent, that
the aspect of ‘fear’ has started to play in the mind of parents and students –
resulting in choking the child’s schedule to make them an all-rounder right
from the early days, hence taking up more and more courses.
Analysts at Ken Research in their
latest publication “India EduFin Industry Outlook to FY’2026 – Driven by High Adoption of EdTech sector and
Increasing Investments from Venture Capital Firms" observed that the EduFin (EdTech financing) market
in India has a great potential to grow supported by the EdTech industry in the
high growth stage in the country. Covid-19 outbreak has further
accentuated the growth of the market by shifting all - urban and rural,
students and professionals, rich and poor, on online education platforms to
continue their learning and development and staying relevant in the industry.
India EduFin Market is expected to grow at a CAGR of 44.1% on the basis of loan
disbursed over the forecast period FY 2021 – FY’ 2026.
Key Segments
Covered
India EdTech
Industry:
- By Type of Course
- K-12 Supplementary Education,
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
India EduFin
Industry:
- By Type of Course
- K-12 Supplementary Education,
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses,
EduFin
Companies Covered
- Eduvanz
- Propelld
- Bajaj Finserv
- Liquiloans
- Zest Money
- Early Salary
- Capital Float
- GyanDhan
- com
- LenDenClub
- Rupee Circle
- Lendbox
- i2iFunding
- LazyPay
- Avanse
Key Target Audience
- Ed-Tech Companies
- Independent Investors
- Venture Capital Firms
- Universities
- Corporate Training Companies
- Government Ministries
- Fintech Companies
Time Period
Captured in the Report
- Historical Period– FY’ 2016 - FY’ 2021
- Forecast Period– FY’ 2021 - FY’ 2026
Key Topics
Covered in the Report
- India EduFin Industry Overview
- India
EdTech Market Growth & Size
- Customer Cohorts and their Needs
- India EdTech players Cross Comparison
- Government Initiatives
- India EdTech Industry Segmentations
- India EduFin Ecosystem - By Type of Companies
- India EduFin Market Introduction - Definition
- India EduFin Customer Profiling
- India EduFin Industry Size FY’2016-21
- India EduFin Industry Segmentations
- Cross-Comparison of Major EdTech Players
- Cross-Comparison of Major EduFin Players
- SWOT Analysis of India EduFin Industry
- Trends & Developments in India EduFin
Industry
- Relationship Model of EdTech Players
- Case Study - Byju's and Capital Float
- RBI Regulations - NBFC - Digital Lending
- Setting up as an NBFC
- NPA regulations and how to protect downside
- Future Market Size and Segmentations,
FY’2021-2026F
- Covid-19 Impact on India EduFin Market
- Analyst Recommendations
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