Market Overview
The E-learning market in Vietnam expanded at a good rate as the number of internet users increased over time. From 53.0% in 2017 to 61.0% in 2019, there has been an 8.0% increase in the internet penetration rate. As more people have access to the internet as a result of the rise in internet users in Vietnam, online learning is becoming more accessible. As ICT became more prevalent in Vietnam, the government started projects to encourage big data, the Internet of Things, 4G LTE, 5G, and artificial intelligence there. The total number of smartphone users was seen to rise along with the introduction of 4G and 5G networks, enhancing the potential for E-learning in Vietnam.
Report Analysis
According to the research report, “Vietnam E-Learning Market Outlook to 2023 – Driven by Rising Adoption of Smart classes, E-books in Schools and MOOCs, and Smart Authoring Tools in Corporate Training and Test Preparation Segment” emphasizes that a good future outlook for Vietnam’s E-learning market during the anticipated period of 2023 is indicated by a rise in the total number of E-learning service providers in the industry. The market for e-learning in Vietnam has also been stimulated by the growth in the overall number of school establishments and the scarcity of teaching staff. Additionally, as more foreign companies enter the Vietnam E-learning sector, there will be more opportunities to explore technology breakthroughs and higher content quality.
Segmentation
- By Content and Technology Services
The sale of digital content accounted for the majority of the e-learning market's income in 2018. With technology services accounting for the remaining revenue share in the Vietnam E-Learning market in 2018, the rise in the overall number of students enrolling in high schools and the rise in the working population are some of the main factors driving the rise in demand for e-learning.
- By End-Users Type
On the basis of types of end-users, the Vietnam E-Learning Market is primarily split into K-12 / Schools, Universities, Corporates, and Others. Due to the fact that Vietnamese individuals use E-learning more frequently for personal reasons, business-to-consumer end users accounted for the largest revenue share in the country's E-learning industry in 2018. Schools came in front, followed by colleges, corporations, programs for vocational training, and other end users like home users, who together took the remaining revenue share in the Vietnam e-learning industry in 2018.
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- By Ways of Viewing Content
Based on the ways of viewing content, the Vietnam E-Learning Market is categorized into Mobile and PC Browsers. Because of the convenience they provide for watching content, mobile and PC (Browser) earned the largest market share in 2018. In 2018, PC (firm software) accounted for the remaining market share.
Key Players
The E-learning market in Industry was found to be highly fragmented among its E-learning players. To acquire a competitive edge, businesses are releasing gamification content for clever solutions. On the basis of the target audience, technological prowess, distribution network, client acquisition/retention, fees, and courses offered, these businesses compete in the E-Learning industry. A few well-known businesses in Vietnam have succeeded in building their brands. Some major key players in the market are: -
- Topica Ed-tech group
- Kyna
- Yola
- ProSeeds
- Hocmai
- E-group
- MVV Academy
- Pharos Smart Education
- Others
Future Projections
In terms of revenue over the forthcoming years, the Vietnam E-learning sector will grow at a double-digit CAGR from 2019 to 2023. By the year 2023, it is anticipated that the demand for content services would outpace that for technological services. Future events will see the presence of foreign competitors who will enter the market through alliances with local competitors.
Key Segments Covered in the Report: -
Executive Summary
Research Methodology
Vietnam E-Learning Market Overview and Genesis
Vietnam E-Learning Market Value Chain Analysis
Vietnam E-Learning Market Size by Revenue, 2013-2018
Vietnam E-Learning Market Segmentation, 2013-2018
Trends and Developments in Vietnam E-Learning Market
Issues and Challenges in Vietnam E-Learning Market
Regulatory Framework in Vietnam E-Learning Market
Decision Making Process in Vietnam E-Learning Market
SWOT Analysis for Vietnam E-learning Market
Comparative Landscape in the Vietnam E-Learning Market
Company Content and Technology Development Pricing in Vietnam E-Learning Market (Pro Seeds E-learning Solutions)
Vietnam E-learning Market Future Outlook and Projections 2018-2023E
Analyst Recommendations for Vietnam E-Learning Market
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