Increasing disposable income of the population and growing willingness to spend on quality education to drive the growth of India higher education market
New Delhi, November 26, 2019: According to TechSci Research report, “India Higher Education MarketByType, ByAffiliation, By Courses Offered, By Mode of Education, By Gender, Competition, Forecast & Opportunities, 2025”the India higher education market is expected to grow at asteady CAGR during the forecast period owing to the increasing awareness among the population regarding the importance of higher education.Additionally, government is playing an important role with introducing initiatives to modernize the sector to enhance affordability and improve quality education. However, lack of educational facilities in the rural and backward areas can hamper the growth of market during forecast period.
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The India higher education market is segmented based on type, affiliation, courses offered, mode of education, gender and region. Based on courses offered, the market can be fragmented into graduate, post-graduate, diploma, certifications, PhD and others. The certifications segment is expected to hold a significant market share during forecast period on account of the increasing re-skilling and up-skilling needs of the working population in India. Based on mode of education, the market can be categorized into regular, part-time, distance and others. The distance mode of education is expected to witness significant growth during forecast period. This can be ascribed to the characteristics such as flexibility and time saving nature of the distance mode of education. Additionally, robust governance infrastructure and large distance learning framework in the country are further expected to propel the demand for this mode of education.
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“India higher education market isanticipated to witness growthover the coming years owing tothe steady economic development and heavy investments in the education industry. Additionally, increasing gross enrollment ratio in the country and supportive government policies & initiatives are further expected to spur the growth of the market through 2025”said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
According to TechSci Research “India Higher Education Market ByType, ByAffiliation, By Courses Offered, By Mode of Education, By Gender, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India higher education marketand provides statistics &information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India higher education market.
Corporate Comm India (CCI Newswire)
