GURUGRAM, India, Oct. 1, 2019 /PRNewswire/ --
- The positive growth indicators such as GDP worth USD 244.9 billion and GDP per Capita worth USD 2,389 along with increase in total number of E-learning service providers in the market are collectively indicating a positive future outlook for the Vietnam E-learning market.
- The increase in the total number of schools establishments and the lack of teaching strength has triggered the market for E-learning in Vietnam. As per the general stats office of Vietnam, the total number of high schools within Vietnam was evaluated at 2,834 as of 2018. They are further expected to increase up to 2,864 by the year ending 2023.
- Vietnam's ICT market is expected to continue its growth between 2018 and 2020, due to the government's desire to turn Vietnam into an ICT empowered country. The ICT venture focuses on many arenas of the Vietnam market such as computer hardware, tele-communication, cloud computing, IT services and most importantly digital content. The key areas of this sector include providing content for mobile networks and for the internet, online games, online entertainment, E-commerce, E-libraries, digital television and electronic newspapers.
- The increase in the total number of foreign players entering the Vietnam E-learning market will provide opportunities to look for more technological advancements and betterment in the quality of content.
Development of the Vietnam's Economic Outlook leading to a Technological Advancement: Vietnam has one of the strongest economic outlooks in Asia and the Pacific, and this corresponds to a bright outlook for the technological advancement. Economic development which includes purchasing power growth of households, modernization of existing industries, and growth of more technologically intensive verticals such as electronics manufacturing and outsourcing will provide broad support to IT market growth. With all these factors coming together, the E-learning market of Vietnam will be open to more technologically advanced teaching methods such as augmented reality, gamification and virtual reality over long term.
Increase in Internet Penetration in the Country: Rapid urbanization of Vietnamese population has resulted in greatly modernized cities within the country along with extensive communication infrastructure. In accordance with the Statista database, internet penetration in Vietnam is further expected to go up to 75.0% by the year ending 2023 thus, depicting a greater number of internet users along with advanced communication infrastructure in the future. 75.0% of the population having internet implies that it will broaden the scope of E-learning market to penetrate through Vietnam in future.
Changing Preferences of the People: The people of Vietnam will embrace the idea of going digital in the near future as the smart phone penetration rate in Vietnam is also estimated to increase to 48.0% by 2023 (Source: Statista Database) which is close to half the population of Vietnam. Increased affordability of people for smart phones will benefit the E-learning market to further penetrate within Vietnam. The service providers will not have to worry about providing technology with latest updates rather they will be able to focus on the quality of content.
Analysts at Ken Research in their latest publication "Vietnam E-Learning Market Outlook to 2023 – Driven by Rising Adoption of Smartclasses, E-books in Schools and MOOCs and Smart Authoring Tools in Corporate Training and Test Preparation Segment" believe that Vietnam E-learning industry is projected to register a positive CAGR of 20.2% during the forecast period 2019-2023. Increasing number of internet users, rising government efforts to grow E-learning in Vietnam, adoption of modern technology by the learners, and the growing use of learning management systems by the corporate sector to integrate their process are expected to drive Vietnam E-learning industry in the future.
Key Segments Covered:
- By Type of Content and Technology
- By Type of Offering
- Smart Class
- Packaged Content
- Smart Authoring Tool
- Digitized Services
- By Type of LMS
- By Smart Class Market
- Online Class Session
- Online Live Session
- By Packaged Content Market
- Custom-made Courses
- Standard Courses
- By Smart Authoring Tools Market
- Content Editing Tools
- By the Method of Viewing Content
- PC (Browser)
- PC (Firm Browser)
- By Type of End Users
- Others (Vocational Courses)
- Time Period Captured in the Report:
- Historical Period– 2013-2018
- Forecast Period– 2019-2023
Key Target Audience
- Schools (K-12)
- Ed Tech Companies
- LMS providers
- Vocational Education Institutes
- Test Prep Tutoring Companies
- Education Ministry
- MVV Academy
- Topica Ed-Tech Group
- Pharos Smart Education
- Others (Rockit Online, Rabiti, Edubit, Dodaihoc, SchoolBus, Edumall)
Key Segments Covered in the Report
- 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
For more information on the market research report please refer to the link below:
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Ankur Gupta, Head Marketing
Ken Research Private Limited
SOURCE Ken Research