Rising Household Expenditure on Education and Demand for Innovative Learning Technologies from Corporate Sector will Propel E-Learning Demand in Singapore
Posted on 28 September 2016 by KenResearch
Ken Research announced its latest publication on “Singapore E-learning Market Forecast to 2020- Increasing Learning Technologies in Corporate Sector to Drive Future Growth” which provides a comprehensive analysis of the E-learning companies in Singapore. The report covers aspects such as overall E-learning market, segmentation of overall market by Content/Technology sector, by end users, and by type of technology services. The publication extensively details about competitive landscape of key players operating in the market with their detailed company profile. Business model followed by leading manufacturers is also explained in detail. Leading content and technology companies are also covered in the report with their company profiles including information about USP, business model, number of employees, and course pricing. The future analysis of overall e-learning market in Singapore has been discussed along with recommendations from analyst view.
The lower cost of LMS per pupil to around USD 5-15 per pupil per month would prove to be vital for the content industry as a cheaper platform would raise demand for the content. Due to lack of renowned universities in home countries, students are engaging in self- paced digital education courses from reputed universities in Singapore, which in turn is likely to fuel demand for content services from various companies.
Mobile learning, or M-Learning for short, will be the dominant mode of eLearning content consumption. This trend will only accelerate as smart phones get more powerful, 4G (and 5G) connections get more accessible and widespread, and tablets turn into a hybrid tablet/PC fusion that’s good enough for people to use as their main computer.
The household expenditure on education tends to have a positive impact on the E-learning market in Singapore. As the household expenditure on education rises, the schools and universities get more money to use digital practices. Thus there is a positive correlation between the two parameters. The household expenditure on education has increased considerably in these years. The expenditure on education in the future is estimated to grow at a CAGR of 4%.
“In order to penetrate into the Singapore E-learning market, the E-learning companies need to focus on effective marketing strategies. The companies could provide free mock exams, option to renew existing packages at discounted prices and also complimentary discounts on related courses. Additionally, the infomercials in trade journals and webinars could also help the companies in generating brand awareness among the people. Quality certifications will also prove beneficial for attracting more number of clients, according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
· The market size of Singapore E-learning market size
o By Revenues
· Market segmentation of Singapore E-learning market on the basis of revenue
o By Content and Technology
o By Education level
· The market size of E-learning Content/Technology Market
o By Revenues
· SWOT Analysis of Singapore E-learning Market
· Trends and Developments Singapore E-learning Market
· Competitive landscape and detailed company profiles of the major market players
· Future outlook and projections of Singapore E-learning Market
· Analyst Recommendations
· Macro-economic Factors Impacting Singapore E-learning Market
Key Products Mentioned in the Report
· Open Courseware
· Online Tests
· Smart Classes
Content Companies Covered in the Report
· Kydon Learning
· Three Learning
To know more on coverage, click on the link below:
Ankur Gupta, Head Marketing & Communications