Indian Online Supplemental Education will be Worth $2.5 Billion Soon, Says RedSeer Consulting
It was reported by RedSeer Consulting, a research and advisory firm, yesterday that India's online education technology markets' worth would soon cross the $2.5 billion mark. The report also forecasts the possibility of a growth rate of 15 percent in the country’s online supplemental education for the next three years.
“The major drivers for the growth of Indian online supplemental education will be engaging course material, inventive pedagogy and reaching out to the distant locations of the country which have minimal supplemental education infrastructure,” a RedSeer Consulting Associate Consultant, Mukesh Kumar said.
According to the report, some of the basic hindrances to wider adoption of online supplemental education includes poor internet connectivity in rural areas, reluctance about paying additional online bills, and the general lack of awareness. The report also suggests methods to improve adoption rates, such as introducing free trials, optimisation for low internet speeds, partnering with government schools etc.