Chinese E-Learning Market REPORT OVERVIEW
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The global Chinese E-learning market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.
Chinese E-learning platforms, are digital platforms which can help in providing education through an online software. Many such apps have been introduced recently. They have also gained great importance as education is evolving in all the countries especially in China.
Availability of data has become very easy due to the development of 4g and 5g internet connectivity. Usage of gadgets like phones, and laptops is further promoting the market growth. This is identified as the latest trend in the market.
E-learning market in China is not just limited to education. They are also used in business, and healthcare. Also, these platforms are highly flexible and affordable. Favorable government policies are further fueling the market development. These act as factors driving Chinese E-learning market share.
COVID-19 impact: Growing Penetration of Online softwares During Pandemic Increased Market Growth
The pandemic of COVID-19 had a negative impact on many industries. Lockdowns increased the spare time people had. Online education became prominent during pandemic, as learners could not get access to physical education. Therefore, online learning became an emerging trend.
Chinese E-learning platforms help people improve their skills. As one does not have to be present physically to get lessons, learners from all over the world could get easy access to education and meetings. Leisure time of people also increased during pandemic, as most of them had to work from home. All of these factors increased the usage of Chinese E-learning platform during pandemic period.
LATEST TRENDS
"Rising Penetration of Internet in Most of the Places to Increase Market Growth"
With the introduction of many technological changes, the penetration of internet facilities has also increased. Both 4G and 5G data are gaining popularity. The speed of connectivity has improved. Data packages have become cheaper comparatively. There are many companies offering free internet facilities. This is one important factor propelling the market growth.
Along with increasing usage of internet and data facilities, people using gadgets like smartphones, iPad, MacBook’s and laptops have also increased. This has made the accessibility of E-learning platforms like Chinese E-learning very easy to most of the people. This can be identified as the latest trend in the market.
Chinese E-Learning Market SEGMENTATION
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- By Type:
The market can be divided on the basis of type into the following segments:
On-premise, and, cloud-based. The on-premise segment is projected to hold the dominant market share through 2031 the forecasting period.
- By Application:
The market can be divided on the basis of application into the following segments:
For business & career development, for quality & general education, and, for further studies, tests and examinations. The For business & career development segment is predicted to dominate the market through 2031.
DRIVING FACTORS
"Use of Chinese E-learning Platforms in Many Sectors to Amplify Market Growth"
China is a technologically advanced country and has made many contributions in this field. E-learning platforms originating in this country are very efficient as they are used in a wide range of sectors like education, healthcare, business, and, career development. Different platforms are developed to suit different needs and requirements.
Apart from this, most of these E-learning platforms are very competitive and are evolving every day. Experienced personnel are hired to create these platforms. Chinese E-learning platforms are very efficient as they incorporate a full-fledged learning management system (LMS). Also, China has the largest population of people using internet. Education sector makes use of many E-learning platforms to deliver lessons to students. Many foreign countries have entered the Chinese E-learning market to collaborate and create new softwares. All of these factors are propelling the market growth.
"Active Participation of Government in Education Industry in China to Drive Market Development"
The Chinese government takes up initiative to improve the education system by spending and investing huge amount on online education. Three major companies that have completely occupied the online education market in China are Tencent, Baidu and Alibaba. These tech giants are incorporating several strategies to increase the popularity of education platforms in China.
Favorable policies formed by government and conductive environment for education is driving the market growth. Online tutoring has gained popularity in Chin. Most of these platforms are affordable compared to others. They are compatible as well as flexible as they can adjust to the requirement of the users. All of these factors are propelling the market development.
RESTRAINING FACTOR
"Lack of Strict Supervision on These Platforms to Deteriorate Market Growth"
Most of the online education platforms in China have the disadvantage of lacking supervision. Without proper supervision and guidance, education cannot be imparted properly. There will be no organization or proper order. This can decrease the quality of such platforms.
Using online education platforms may not be as effective as physical education. Many issues regarding understanding of the concept, have been observed while making use of such platforms. Other issues like connectivity, and, lack of clarity is commonly observed while using Chinese E-learning platforms. All of these factors can hinder the growth of the market.
Chinese E-Learning Market Regional Insights
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"Asia Pacific to Dominate Market in Upcoming Years"
Asia Pacific is the largest share holder within this market. As China is a part of Asia Pacific it contributes to majority of the share in Chinese E-learning market. Some factors have favored the growth of the market in this particular region. The most important factor is the rapid development of technology in China.
Both software and IT sectors are well developed in this region resulting in creation of many new online education softwares. The influx of investment coming in from both government as well as education companies has positively affected the development and growth of the market. Globalization of most of these platforms has helped tremendously in the growth of the market.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Italki (China)
- eChineseLearning (China)
- Duolingo (U.S.)
- Verbling (U.S.)
- Preply (U.S.)
- TutorMing (U.S.)
- Pptutor (China)
- Koala Know (U.S.)
- LingoAce (China)
- Wukong EDU (China)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.
Frequently Asked Questions
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Which are the driving factors of the Chinese E-learning market?
E-learning market in China is not just limited to education. They are also used in business, and healthcare. Also, these platforms are highly flexible and affordable. Favorable government policies are further fueling the market development. These act as factors driving Chinese E-learning market growth.
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What region is leading the Chinese E-learning market?
Asia Pacific is leading the Chinese E-learning market.
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Which are the top companies operating in the Chinese E-learning market?
Italki, eChineseLearning, Duolingo, Verbling, Preply, TutorMing are some of the top companies operating in the Chinese E-learning market.