The many online education choices available in this discipline include massive open online courses (MOOCs), online coaching, and virtual classrooms. It is beneficial to a wide spectrum of learners, including working adults and schoolchildren seeking to upskill or retrain. The increased demand for high-quality education, the difficulty in accessing traditional educational institutions, the prevalence of mobile devices, and the accessibility of internet connectivity are some of the reasons driving Malaysia's online education business.
Malaysia Online Education Market Driving Factors and Challenges
There are several drivers that driving market growth. An internet connection is essential for online schooling. Global internet usage has increased in recent years, with considerable increases in broadband connections and mobile subscriptions. The growing use of mobile internet is one of the primary reasons why people may now connect even in remote regions. According to GSMA Intelligence, the number of people who connected to the internet for the first time in 2018 was close to 300 million. According to a GSMA study (State of Mobile Internet Connectivity - 2022), 4.3 billion people would be using mobile internet by the end of 2021, an increase of around 300 million quantifiable customers/users from the end of 2020.
However, the majority of parents are concerned about the health risks of allowing their children to spend so much time staring at devices. One of the main concerns and hazards of online learning is the surge in screen time. Students may suffer from bad posture and other physical concerns as a result of spending so much time bent over a screen. Too much screen time can cause a variety of physical problems, including poor posture and headaches. It can, however, be a personal issue for kids who have difficulty paying attention to or learning from screens. This is primarily due to the internet's design to distract pupils with social media and entertainment
Impact of COVID-19 on Malaysia Online Education Market
Malaysia Online Education Market Share is gradually expanding as the business has grown in importance in students' lives. Even during the most difficult times, this was one of the areas that advanced quickly. The COVID-19 outbreak is proof that learning never stops. People were compelled to spend more time at home due to the pandemic, forcing many to enroll in online courses to expand their expertise. In the country, this industry is growing. This sector has a promising future because it evolved even throughout the pandemic.
Malaysia Online Education Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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:
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.