4 October2022Editor NoteIndian e-Learning Industry Growing & Multiplying Rapidly Peter Drucker, the father of management thinking once said, "learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn".The management guru's thought perfectly encapsulates the importance of constant learning while also highlighting the uphill task that is `teaching people how to learn'.This becomes all the more important in today's times when technology and digital trends have been revolutionizing the way the world functions. Trends and technology change and the drop of a hat and staying ahead of this curve is a necessity in order to stay relevant. Case in point is the meteoric rise of the e-learning industry. In the wake of the pandemic when schools and other educational institutions had to stop functioning, learning moved online almost immediately. There was no option for the learning process to halt or stop and thus people resorted to necessary means to teach & learn virtually. Pre-pandemic, the world was gradually moving towards incorporating digital aspects into learning but the COVID-19 crisis pushed us to make the move instantly. In 2019, the global e-learning market was worth $144 Billion (research report by Facts and Factors). The report suggested that the industry would grow at a CAGR of 14.6 percent between 2019 and 2026 and be worth $374.3 billion by 2026. Closer home, the Indian e-learning market saw investment worth $522 million in 2019 as estimated by an Indian Private Equity and Venture Capital Association (IVCA) report. However this number rose to a whopping $2.2 billion in 2020. According to the Indian HRD ministry, India's edtech expenditure will reach $10 trillion by 2030.It's no doubt that the Indian e-learning space is experiencing and unprecedented boom and will continue to grow going forward. The industry's only challenge is to device innovative ways to take the benefits of e-learning to the very interiors of the company. e-learning has the potential to deliver learning to the very last mile and it must work towards making that happen. Do read on and let us know your thoughts. Rachita SharmaManaging Editor
< Page 3 | Page 5 >