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Malaysia Online Education (e-education) Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

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Extensive insights into the Growth of Malaysia Online Education Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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.

                      Malaysia Online Education Market Demand & Growth

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. CLICK TO DOWNLOAD SAMPLE REPORT

Malaysia Online Education Market Segmentation

By Technology

On the basis of technology, the market can be segmented into following categories:-

  • Rapid Online Learning
  • Learning Management System (LMS)
  • Mobile E-Learning
  • Podcasts
  • Virtual Classroom
  • Application Simulation Tool
  • Knowledge Management System
  • Learning Content Management System

By Components

  • Content
  • Supporting Services
  • Faculty Staff

By End User

  • Higher Education
  • Corporate Sector
  • Healthcare Sector

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.

Key Players

  • Appstronic Sdn. Bhd
  • Deskera
  • FrogAsia Sdn Bhd
  • Schoology, Inc.
  • Hicommands
  • White House Business Solutions
  • Digital Samba
  • Moodle Pty Ltd
  • Pearson
  • Alison

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