There are numerous online education options accessible in this area, including massive open online courses (MOOCs), online tutoring, and virtual classrooms. It is advantageous to a wide range of learners, including working adults and schoolchildren looking to upskill or retrain. The rising demand for high-quality education, the difficulty in accessing traditional educational institutions, the proliferation of mobile devices, and the availability of internet connectivity are some of the factors propelling Malaysia’s online education market.
According to SPER market research, ‘Malaysia Online Education Market Size- By Technology, By Content, By End Users – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Malaysia Online Education Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
There are numerous factors influencing market growth. An internet connection is required for online education. In recent years, global internet usage has increased, with significant growth in broadband connections and mobile subscriptions. One of the key reasons why individuals can now connect even in rural areas is the expanding use of mobile internet. According to GSMA Intelligence, about 300 million individuals connected to the internet for the first time in 2018. According to a GSMA research (State of Mobile Internet Connectivity – 2022), 4.3 billion people will be accessing mobile internet by the end of 2021, a 300 million increase from the end of 2020.
But most parents are worried about the health concerns associated with letting their kids spend so much time staring at screens. The rise in screen time is one of the major issues and risks associated with online learning. Spending too much time hunched over a screen may cause students to develop poor posture and other health issues. Numerous physical issues, such as bad posture and headaches, can result from spending too much time in front of a screen. However, for kids who have trouble focusing on or learning from screens, it may be a personal issue. This is primarily because social media and entertainment on the internet are intended to divert students from their studies.
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Impact of COVID-19 on Malaysia Online Education Market
The market share of Malaysian online education is gradually growing as the company’s significance to students’ lives has increased. This was among the areas that advanced swiftly, even in the most trying times. The COVID-19 epidemic is evidence that knowledge is always expanding. The pandemic forced people to spend more time at home, which drove many of them to enroll in online courses to broaden their knowledge. This sector of the economy is expanding. This industry has a bright future because it developed despite the pandemic.
Malaysia Online Education Market Key Players:
Geographically, the online education market in Malaysia is dynamic and quickly changing, according to a regional research. The online education market has grown significantly in Malaysia during the past few years, thanks to a number of important factors. The rise of online learning platforms and programs has been made possible by the government’s dedication to improving digital education as well as investments in infrastructure and technology. Additionally, some of the market key players are Appstronic SDN. BHD, Deskera SDN. BHD, Elearningminds, FrogAsia SDN BHD, Internexia SDN. BHD., ITTV, LearningPort, Moodle PTY LTD., Smartclass2u SDN BHD, and White House Business Solution.
Malaysia Online Education Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Technology: Based on the Technology, Malaysia Online Education Market is segmented as; LMS, Smart Class, Smart Authoring.
By Content: Based on the Content, Malaysia Online Education Market is segmented as; Custom Courses, Standard Courses.
By End Users: Based on the End Users, Malaysia Online Education Market is segmented as; K12, Universities, Corporate, Home/Vocational Users.
By Region: This research also includes data for France, Germany, Italy, Spain, United Kingdom, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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