According to SPER Market Research, It is projected that the Vietnamese e-Learning market would grow consistently. The main factors propelling the growth of the Vietnam eLearning market are the rising trend of digitalization across the country and the elevated consumer awareness of the importance of education. People are fast adopting the eLearning platform as it becomes a crucial part of the modern educational system. People are particularly interested in learning about healthcare, financial services, IT, retail, telecommunications, and other key business sectors via eLearning platforms.
Vietnam E-Learning Market Overview:
- Forecast CAGR (2022–2032): xx%
- Forecast Market Size (2032): xx billion
These sectors employ interactive applications to offer teaching and an eLearning platform to provide the essential information. The projected rollout of 5G technology, expanding internet usage across the country, and bandwidth expansion policies are all crucial factors in increasing access to the eLearning platform across the country. High-quality educational expenditures are becoming more accessible to consumers thanks to rapid urbanisation and growing middle-class disposable income. Businesses permit employees to use their own devices, and they also provide both free and paid online training to help employees enhance their skills and become useful assets for the business.
Due to COVID-19’s strong government backing and suppliers’ continued efforts to differentiate their offerings from those of competitors, the sector has expanded. If students have affordable access to a wider variety of course options, they will have more freedom to choose the kind of resources they want to subscribe to. As a consequence of the government’s continuous efforts and the expanding private sector engagement and investments in the education sector, future financial alleviation and higher growth rates are projected. Many people felt the need to improve their abilities during the outbreak, which benefited this business. The outbreak caused many people to lose their employment. By participating in programs that would allow them to work remotely in instances like the pandemic, people have the option of honing their skills. People started enrolling in classes that would equip them for employment anywhere in the world. This increased the market for online education in the country. Only a select few well-known companies in Vietnam have been successful in creating their own brand. Businesses are producing gamification content for creative ways to get a competitive edge.
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Vietnam E-Learning 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: Adobe Inc., Cisco Systems Inc., Egroup, Hitachi Limited, Hocmai, IBM Corporation, Kyna, LG Electronics Inc, McGrawHill Education Inc., MVV Academy, Oracle Corporation, Panasonic Corporation, Pearson Plc., Pharos Smart Education, ProSeeds, Samsung Electronics, Smart Technologies, Inc., Topica Ed-Tech Group, Workday Inc, Yola.
Vietnam E-Learning Market Segmentation:
By Component: Based on the Component, Vietnam E-Learning Market is segmented as; Hardware (Interactive Displays, Interactive Whiteboards, Others), Software (Integrated, Standalone), Services (Professional, Managed).
By Learning Type: Based on the Learning Type, Vietnam E-Learning Market is segmented as; Asynchronous, Synchronous.
By End User: Based on the End User, Vietnam E-Learning Market is segmented as; Corporates, Schools, Universities, Others.
By Content Type: Based on the Content Type, Vietnam E-Learning Market is segmented as; Audio Based, Text Based, Video Based.
By Type of Offering: Based on the Type of Offering, Vietnam E-Learning Market is segmented as; Digitized Services, Learning Management System, Packaged Content, Smart Authoring Tool, Smart Class.
By Type of Learning Management System: Based on the Type of Learning Management System, Vietnam E-Learning Market is segmented as; Self-Hosted, Firm-Hosted.
By Smart Class: Based on the Smart Class, Vietnam E-Learning Market is segmented as; Online Class Session, Online Live Session.
By Packaged Content: Based on the Packaged Content, Vietnam E-Learning Market is segmented as; Custom-made Courses, Standard Courses.
By Smart Authoring Tools: Based on the Smart Authoring Tools, Vietnam E-Learning Market is segmented as; Content Editing Tools, Gamification, Simulation.
By Method of Viewing Content: Based on the Method of Viewing Content, Vietnam E-Learning Market is segmented as; Mobile, PC (Browser), PC (Firm Browser).
By Region: In terms of revenue, the e-learning industry in Vietnam will grow at a double-digit CAGR. By the end of the year, it is anticipated that demand for content services would outpace that for technological services. Future events will see the presence of international competitors who will enter the market through alliances with local competitors.
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.
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