Market Introduction
As per the 2018 World Development Report, nearly 1/3rd of the students who complete primary school in South Asia lack fundamental literacy as well as numerical skills, which is hampering the region’s growth prospective. This data signifies that even with increased access to education, enhancement in learning level remains a challenge. Additionally, nations need strong education systems to offer systematic learning and diversified courses to the students across universities and corporate learning system. Several nations in South Asia are yet to integrate systematic learning and evaluation system that allows them to measure the implication of their education programs and policies.
Considering the progress of technological advancement, there are robust purposes for setting up regional collaborations in online learning system in South Asia. The digital transformation has become a new trend across the region's educational sector, owing to growing concerns for online classes considering COVID-19 crisis. Numerous schools and colleges are taking the COVID-19 crisis as an opportunity to be more productive and competitive in terms of developing professional skills, by adopting online training and teaching classes. Moreover, the ease of convenient teaching enhanced by the smart classrooms is anticipated to positively impact the adoption of course authoring software market in the region during the forecast period. Also, online courses and professional certifications getting highly popular is expected to create a significant demand for course authoring software in the coming years, which is further anticipated to drive the APAC course authoring software market.
APAC is badly affected by the COVID-19 pandemic, however this has provided new opportunities for course authoring software market in the region. APAC is a highly dynamic region in terms of economic growth as well as positive online education industry outlook. The region is also characterized by the presence of many developing countries such as China, India, and many South Asian countries where investments in online education sector as well as in edtech startups is quite high. The rising level of urbanization, high population growth, and technology adoption in education sector as well as increasing number of corporate companies are some of the key driving factors which makes APAC an attractive market for the future growth of course authoring software market. APAC is home to around 60% of world population that includes the two most populous countries of the world, China and India. In addition to the huge population, the region also has presence of huge young and tech savvy school and college going population. All these factors are complementing the demand of various types of course authoring solutions in the region. Additionally, the high penetration of consumer electronics and growing demand of e-learning/distance learning solutions in countries such as China and India, is another positive sign for the growth of course authoring software market in the region. The ongoing COVID-19 outbreak and closure of corporate companies, universities, and other educational institutions in the region is further fueling the adoption of education technology solutions. All these factors coupled with presence of a large number of well-funded edtech startups in this region will drive the market growth in the coming years.
Market Overview and Dynamics
The course authoring software market in APAC is expected to grow from US$ 159.79 million in 2019 to US$ 529.13 million by 2027; it is estimated to grow at a CAGR of 18.9% from 2020 to 2027. The rising popularity of cloud-based solutions and cloud computing and awareness about the development and adoption of innovative technology solutions and services for enhanced user experience and better operational productivity among various industry sectors, are some of the key factors that are driving the demand for cloud-based solutions across education industry and corporate stakeholders. The cloud-based software solutions offer easy scalability and high operational flexibility to education companies and institutions along with reducing their overall costs and operational risks. Additionally, the ever-evolving cloud architectures, system algorithms, easy accessibility, and integration of advanced features in cloud solutions are fueling the adoption of course authoring software in diverse industry verticals, including education sector.
Key Market Segments
In terms of deployment, the cloud segment accounted for the largest share of the APAC course authoring software market in 2019. In terms of end user, the enterprises segment held a larger market share of the APAC course authoring software market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the course authoring software market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc.; Articulate Global Inc.; Brainshark, Inc.; Easygenerator; Elucidat; Instructure, Inc.; iSpring Solutions Inc.; LearnWorlds; Lessonly, Inc.; SAP Litmos.
Reasons to buy report
APAC Course Authoring Software Market Segmentation
APAC Course Authoring Software Market - By Deployment
APAC Course Authoring Software Market - By End User
APAC Course authoring software Market - By Country
APAC Course authoring software Market - Company Profiles