New Delhi, September 19: The Digital India campaign has definitely widened the horizon of learning process in India. Taking inspiration from the success of the several start up model across the nation, education has taken new dimensions and have moved far beyond experimentation. It has simultaneously opened its doors to a new path that is skill based learning. Educational system nowadays, involves students, parents, books as well as technology, peer groups, teachers and entire education into the learning ecosystem.Also Read - Lawyers to Urge No Restrictions for Ronald Reagan Shooter John Hinckley
The Global Online Education Market is growing rapidly; primarily due to the rising demand for distance learning. According to a recent study report published by the Market Research Future, The global market of Online Education is booming and expected to achieve prominence over the forecast period. The global Online Education market is projected to accrual to USD 423 Billion by 2023, at a staggering double digit CAGR of 24 % between 2017 and 2023. Also Read - IPL 2021 Points Table Today Latest After SRH vs RR, Match 40: CSK Remain at No.1 Spot, Rajasthan Royals' Sanju Samson Replaces Shikhar Dhawan in Orange Cap Bragging Rights
Owing to increasing demand for distance learning and growth of digitization has led to a tremendous increase in the growth of Online Education market. Factors that predominantly drive the market growth are conducive to learning government policies and increasing demand for technical education. Increase in popularity of skill based learning is another major factor driving the growth of online education market. Availability of perfect edged infrastructure coupled with the increased adoption of technological advancements across the globe is some of the other factors fostering the market growth of Online Education market. Also Read - India Successfully Tests 'Akash Prime' Missile, Destroys Aerial Target | Watch
Online Education or E -learning refers to learning in a 100% virtual environment. Online education can play a crucial role in enhancing the education industry overall in terms of money as well as innovation. With growing popularity of internet and many active users, online education market is expected to witness high growth rate during the forecast period. Increasing implementation of IT security and cloud based solutions and rapid growth in digitization are the factors responsible for the growth of online education market.
In the urge for changing education system as compared to the 19th century methods, technology is equally creating a strong business opportunity which is a vital step. Minimized risk is especially important with the high stakes of children’s future.
Collaboration and experimentation in education is the key to reinventing education. This is playing itself out in classrooms in the form of ‘hands on learning’ and experimentation often used in conjunction with STEAM ( Science Technology Engineering Arts Mathematics) programmes that fuel students interest in learning the sciences but allowing them to think creatively, act rationally and challenge themselves to invent new things.
Education is creating the necessary environment for the development of a future ready workforce that can get the benefits from their own skill based learning. However, there are few important aspects that still remain unchanged despite the drastic evolution in the education system. According to Nikita Singhal and Pravesh Rana the founders of Talent4Assure “Whatever form the education system takes, self assessment will always be the key to gain self confidence and achieve the heights’’.
On the other hand Nikhil,Chainani says, founder of Perspectico expresses that technology should be used wisely by the students to fetch unbiased information on what and why a career path should be chosen by young students.
There are many other players like Coursera, Aspiring Minds, Linkedin Learning , Naukri Learning , etc that is attempting to create a revolution when it comes to change the face of education beyond that A4 size of mark sheet cum degree. It totally depends on the students how smoothly they adapt the revolution in education.