With USD 3.9 Billion in 2023, Vietnam E-learning Market to Register Around 19% CAGR During 2024-32
As per the research report by Report Cube, the Vietnam E-learning Market size is valued at USD 3.9 billion in 2023 and is estimated to grow at a CAGR of about 19% during the forecast period, 2024-32.
Through e-learning, online & flexible learning is made available to individuals across the globe. Technology & innovation breakthroughs have made the industry increasingly appealing due to rapid advancements. E-learning provides flexibility for people to access courses & information immediately, without the time constraints of traditional classroom-based learning. With this accommodating accessibility, learners would be able to study at any place and anytime. Also, higher consumption of smartphones & internet, and the advent of new digital technology have increased market size.
The Vietnam E-learning Market is being pushed by the nation’s upsurging adoption of the internet & the construction of digital infrastructure across the country. Government investment in broadband & mobile infrastructure has raised the country’s acceptance rate of the Internet substantially in an effort to reduce the digital divide. Additionally, as a result, more individuals, particularly in urban areas have access to high-speed internet, which facilitates participation in online learning activities.
A strong emphasis on education & skill development, along with a youthful & adolescent population that is increasingly tech-savvy, is what is propelling the adoption of e-learning platforms & tools in Vietnam among a variety of demographic groups. Furthermore, government initiatives that promote digital literacy & lifelong learning, as well as the proliferation of digital material & educational resources, are driving the growth of the Vietnam E-learning Market. Hence, both domestic & international e-learning providers are beginning to recognize more & more opportunities for growth & innovation in the country’s dynamic & evolving educational landscape.
Recently, gamification & interactive learning are gaining traction in the e-learning industry and are revolutionizing traditional teaching methods by making them more dynamic & engaging. To keep students engaged & motivated to learn, a number of e-learning organizations in Vietnam are introducing game elements into their modules, such as leaderboards, points, badges, and other rewards.
Furthermore, interactive learning consists of online laboratories, tests, simulations, and a number of group projects that force students to apply their knowledge in real-world scenarios, fostering deeper comprehension & reinforcing key concepts. Moreover, the combination of VR & AR is changing the e-learning platforms landscape & setting a new trend in the industry due to advancements in technology, further states the research study, Vietnam E-learning Market Analysis, 2024.
Analyzing the Vietnam E-learning Market Segmentation
Academic Segment to Lead the Market Expansion
By end user, the Vietnam E-learning Market is bifurcated into: Enterprise & Academics.
Over the historical years, the potential share of the Vietnam E-learning Market was captured by the Academic segment. With the broad usage of educational institutions, including colleges & universities, as well as a number of other institutional centers, for instruction or learning. A large number of governmental organizations & educational reform initiatives are devoted to encouraging the use of digital learning & supporting the notable growth of the E-learning Industry across the country. Additionally, many students choose to learn through digital means & choose online courses that cover a wide range of subjects & educational levels because of the creative & interactive nature of teaching methods.
Vietnam E-learning Market Companies Analysis
With the strategic analysis & market study the leading companies, including Coursera Inc., Udemy Inc., Skillshare Inc., Pluralsight LLC, Udacity Inc., FreshLearn, Inc., Skillsoft Corporation, Codecademy LLC, LinkedIn Corporation, FutureLearn Limited, and Others, are predicted to contribute in the growing market outlook.