Malaysia E-Learning Industry Revenue is Expected to Reach Over USD 2 Billion by 2023: Ken Research
GURUGRAM, India, Sept. 10, 2019 /PRNewswire/ -- "With the rise of a new government in Malaysia, coupled with growing improvements in ICT technology shows a growing positive trend for E-Learning Technologies as well as E-Learning Content creators over the coming years."
Changing Political Scenario
With the end of 2018, the Malaysian government had a change in its ruling party after 60 years, to the PAKAPAN HARAPAN. This government has expressed its visions to improve ICT in Malaysia and focus of improving and digitizing education.
This Pro E-Learning stance the government has taken indicates a very positive trend for the future of E-Learning in Malaysia. As the government takes efforts to standardize quality of E-Learning content, more students and vocational users will use E-Learning Tools and shift from traditional learning to digital learning.
Increasing Number of Corporate
Corporate companies as end users will represent a significant source for demand for E-Learning Tools and Content in the near future. The number of corporate companies increased from 6.3 million in 2013 to 8.1 Million in 2018 and is expected to reach 12 million by 2023. Corporate companies look for E-Learning solutions to lower the cost of their training and development, and provide a conductive hub for accessing, editing and adding E-Learning content. They are value conscious and are ready to invest to get quality E-learning content and tools and thus will become a potent source of revenue for E-Learning providers.
Increasing Number of University and Private school Enrollments
Malaysia is expected to witness a major rise in enrollments of students into Private K-12's and HEI's (Higher Education Institutes). The Enrollments of Private K-12's will rise from 511 Thousands in 2018 to 952 thousands in 2023; similarly, in HEI's the number of enrollments will increase from 1.3 Million in 2018 to 1.6 million in 2023. These numbers indicate a large pool of potential customers. Schools and Universities will try to adopt E-Learning tools to accommodate for the rise in demand for Education services, by promoting distance learning as a viable course option. Not only in schools and universities, students might also opt to take E-Learning courses for home tuitions and vocational use.
Research Analyst at Ken Research in their latest publication "Malaysia E-Learning Market Outlook 2023 – By Technology (LMS, Smart Authoring Tools, Smart Classes) and Content (Multimedia, Online Test, Open Courseware, Simulation Content), By End Users (Universities/ Higher Education, K-12 Schools, Corporate, Home Users)" believe that expected tailwinds in the form of development of the ICT sector, government initiatives, improvements in E-Learning content, entry of foreign players, rising number of schools and corporate companies and improvement in the Internet penetration rate will drive the Malaysian E-learning market to show a positive future growth at a CAGR of 16.1% in the next 5 years.
Key Segments Covered:
By Technology
- LMS (Cloud and Self Hosted)
- Smart Class (Online Class Session and Online Live session)
- Smart Authoring
By Content
- Custom Made courses
- Standard Courses (Multimedia, Online Test, Open Courseware, Simulation Content)
By End Users
- K12
- Universities
- Corporate
- Others
Key Target Audience
- Schools (K-12)
- Corporate Businesses
- Universities, LMS providers
- Vocational Users
- Content Creators
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Future Forecast: 2019-2023
Case Studies Covered:
- Appstronic SDN. BHD
- Deskera SDN. BHD
- White House Business Solution
- Elearningminds
- LearningPort
- FrogAsia SDN BHD
- ITTV
- Smartclass2u SDN BHD
- Internexia SDN. BHD.
- Moodle PTY LTD.
Key Topics Covered in the Report
- Ecosystem
- Malaysia E-Learning Market – Overview, Timeline and ICT Program
- Value Chain Analysis
- Market Size by Revenue, 2013-2018
- Market Segmentation by Technology, Content, End Users, Method of Access, 2018
- Trends and developments
- Issues and challenges
- Regulatory Framework
Decision Making Process for Selecting E-learning Providers - SWOT Analysis
- Industry Stage, Competitive Structure and, Major Players Service Matrix Company Wise
- Company Profiles of Major Players
- Malaysia E-Learning Market Future Outlook and Projections, CY'2018-CY'2023
- Future Segmentation 2018-2023E
- Analyst Recommendations
For more information on the research report, refer to below link:
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Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
[email protected]
+91-9015378249
SOURCE Ken Research
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