Philippines E-Learning Industry Revenue is expected to Reach over USD 2,700 Million by the year ending 2023: Ken Research

The industry revenue for technology services will increase at a CAGR of 21.7% during the period 2018-2023E, while the industry revenue for content services is expected to rise at a CAGR of 15.0% during the same period.

Universities and Schools offering higher education and corporate enterprise is likely to be the key focus areas for E-Learning services.

The Philippines E-Learning market is expected to witness the increasing number of small players entering the market which will focus more on providing LMS services.

Analysts at Ken Research in their latest Philippines E-Learning Market Outlook to 2023 – By Content (Multimedia, Open Courseware, Online Tests and Others), By Technology (LMS, Smart Classes and Smart Authoring Tools), By Source of Learning (E-Books, MOOCs, Gamification, and M-Learning), and By End Users (Schools, Universities, Corporates, Vocational training, and Others)” believed that the E-Learning  market in the Philippines will grow due to higher internet penetration, increased inflow of enrollments in higher secondary schools as well as the increased government expenditure towards education. K-12 schools contributed the highest revenue share to the overall E-Learning industry in the Philippines in the year 2018. The market is expected to register a positive CAGR of 17.8% in terms of revenue during the forecast period 2018-2023E.

Rising The demand for Multimedia Content: The country has witnessed a growth in the demand for multimedia content primarily due to the rising usage of digital platforms that have facilitated easy learning through a multimedia platform. End users prefer a more interactive form of content as it enables them to understand concepts better. Therefore, in the future, it is anticipated that the revenue share of multimedia content will reach up to 40.0% by the year ending 2023E.

Increase in Usage of LMS (Learning Management System): The growing demand for online courses will lead to the adoption of LMS by customers across various sectors. It has also been anticipated that the share of LMS will contribute approximately 60.0% in the year 2023E, largely due to Universities and corporate organizations being the major users of LMS as this service is a viable and an advanced option for them to train their students and employees respectively. Moreover, it is expected that the corporate sector and universities together will contribute to revenue share over 50.0% to the overall E-Learning industry in the Philippines by year-end 2023E.

Key Segments Covered:-

By Content and Technology Services

Content

Open Courseware

Multimedia

Online Tests

Others (uploading existing Content)

Technology

Learning Management System

Smart Classes

Smart Authoring Tools

By Content Format

Text

Video

Audio

By Source of Learning

MOOC’s

E-Books

M-learning

Gamification

By End Users

Schools

Universities

Corporates

Vocational Training

Others

Key Target Audience

Content Providers

Technology Providers

Hardware Providers

Corporate Enterprises

Higher education institutes

K-12

Investors

P.E. Firms

Institutes

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023E

Companies Covered:-

Quipper

DIWA

MOODLE

Topica Edtech Group

Cypher Learning

SPI Global

Yapster

Blackboard

Canvas

Keywords:-

Open Courseware in Philippines

Open Educational Resources in Philippines

E-Learning Businesses Philippines

E-learning business in Manila

Moocs Online Course in Philippines

K-12 Sector in Philippines

Smart Classes in Philippines

Smart Boards in Philippines

Mobile Learning Education in Philippines

Augmented Reality Education in Philippines

Philippines Online Books Market

Online Learning in Philippines

Vocational Training in Philippines

Virtual Reality in Philippines

Web Solutions in Philippines

Online Higher Education in Philippines

Philippines Education Sector

Philippines Education Technology

Vocational Training in Philippines

For More Information Refer To Below Link:-

Philippines E-Learning Market Outlook To 2023

Related Reports by Ken Research:-

South Africa E-Learning Market Outlook to 2023 – By Content (Open Courseware, Customized Multimedia, Simulation Content and Online Test), By Technology (Learning Management System, Smart Classes, Smart Authoring Tools) By Sector (Corporate, Higher Education, K-12 and Vocational Training) and By End Users (Corporate Enterprise, Home Users, Non-Profit Organizations and Government)

Singapore E-Learning Market Forecast to 2020 – Increasing Learning Technologies In Corporate Sector To Drive Future Growth

Saudi Arabia E-learning Market Outlook to 2021 – By Content (Open Courseware, Multimedia, Online Test and Assessments) and Technology Services (LMS, Smart Classes, Smart Authoring Tools)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

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