Malaysia Online Education Market Overview
Online education system is a software application designed to provide education by the use of web services. The system enables learner to access the service anywhere and anytime across the globe. Advancement in the information technology has led the online education system to great horizons. Owing to the presence of international branch campuses coupled with moderate tuition fees, Malaysia online education market is considered as one of the most attractive market for higher studies across the globe. Malaysia’s educational capacity and the quality of its educational system is an important aspect of the regional and global markets. The Malaysian government is more focused on building an education system which enhances the unique identity of students by providing the specified education they actually needs which can be very easy for the online education platform. Government of Malaysia is partnering with social and private sector making students better prepared for higher education and job market.
Market Size & Forecast
Malaysia online education market is anticipated to project a promising compound annual growth rate of 16.4% over the forecast period i.e. 2016-2023 owing to the strong government initiatives and rising smart phone and tablet user in the country. Mobile e-learning segment is anticipated to dominate the market over the forecast period. the segment is estimated to account a market share of 35% by the end of 2023 due to increasing internet penetration and rising mobile and tablet users in the country.
On the back of positive growth of country’s corporate sector, the corporate end user segment is anticipated to show a promising growth over the forecast period. By component, content segment is anticipated to expand at a higher pace over the forecast period due to the increasing demand for education content over the online education portals. Promotion of digitization of learning and training by providing electronic gadgets to the population by the Malaysian government authorities is taking the Malaysia online education market a step ahead in the sector of online education/e-learning.
Malaysia Online Education Market Segmentation
On the basis of technology, the market can be segmented into following categories:-
By End User
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and Challenges
The rapid adoption of mobile technology is playing a vital role in the online education system. Students are more comfortable with the online education system these days as they can access the content more effectively and can spend more time in the learning process, this will further spur the growth of Malaysia online education market. Malaysia government is taking initiatives to promote education through online platform in order to increase the adoption of technology among younger generation and to provide affordable and convenient education to overcome the shortage of quality education. The strong government initiatives are pushing students to enrol in the online education platform for higher education; this will further propel the market growth at ever-increasing rate.
Introduction of new and effective mandates for the digitization of textbooks in academic sector and promotion of online education platform by providing tablets and laptops to the students of schools, colleges and universities is expected to expand the market growth over the forecast period. Online education system provides advanced technology graphics and simulation which makes easy to understand the concepts. This is further expected to raise the growth for the online education market in Malaysia. Growing need of highly developed IT infrastructure and lack of professional academic staff are some of the factor that can restrain the market growth over the forecast period.
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