Number of Government ICT Tenders and Increasing Internet Users in Singapore to Foster Future Growth: Ken Research

Increasing number of ICT tenders and increasing number of internet users in Singaporeis expected to increase demand for e-Learning courses.

Singapore News

Singapore e-Learning market has grown at a CAGR of around 13% during the period2010-2015. The market is expected to grow at a CAGR of 16% during the period 2016-2020. The market is estimated to grow to USD 1.5 billion by 2020. The market has beengrowing at a healthy pace and it is expected to continue at the same growth rate. Asthe number of internet users and the Smartphone users has increased, the momentumis likely to shift towards e-learning in the education market in the coming future.

One of the biggest challenges for education institutions is the difficulty in adopting asecure IT infrastructure for digitizing the whole education ecosystem. Moreover, lack ofawareness among institutions about the latest technological trends and developmentshas also become a major challenge for e-learning market in the country.

However, with rising awareness, the demand for digital content and services willcontinue to upscale the growth of digital education content services in the market in thecoming years as well. With rising demand, more content in the form of video, audio andtext format, is expected to be uploaded on LMS, MOOCs available, which in turn willfurther drive the market.

The number of internet users in Singapore has been increasing at a phenomenal pace.The increasing number of internet users tends to have a positive impact on the e-Learning market in Singapore. The majority of the share of the revenues in the e-Learning market comes from the content market which would be further enhanced asthe number of internet users rises. As the number of internet users would rise, it wouldlead to an increase in the number of e-enrollments. The number of internet users hasgrown at a CAGR of 2% in the period FY’2010-FY’2015. The number of internet users isexpected to enhance from 4.1 million in FY’2015 to 4.94 million in FY’2020.

The e-Learning content companies would be able to serve a wider user base in thecoming years. This is likely to raise the number of enrollments in the online testpreparation market and higher applicants for online learning thus ensuring betterrevenues for the E-learning companies market as a whole.

The surge in the number of internet users and also the rise in the tenders given out bythe government of Singapore are expected to increase the revenues generated by the E-learning companies. The rise in the number of schools which fall under the ICT plans outby the Ministry of education, Singapore has led to higher sales of the hardware by the E-learning companies.

The report titled “Singapore E-learning Market Forecast to 2020- Increasing LearningTechnologies in Corporate Sector to Drive Future Growth” provides detailed overview onthe e-learning in Singapore, with focus on the content and technology market and itssegments. This report helps readers to identify the ongoing trends in the industry andanticipated growth in future depending upon changing industry dynamics in comingyears. The report is useful for E-learning companies, companies dealing with delivery ofcontent for E-learning companies, new entrants planning to enter Singapore E-learningmarket and other stakeholders to align their market centric strategies according toongoing and expected trends in the future.

Key Products Mentioned in the Report

•Open Courseware•Multimedia

•Online Tests•MOOC’s•E-Books•M-learning•Gamification•LMS•Smart Classes

Companies Covered in the Report

Skillsoft, Gnowbe, Epiphany, Antoree, Coursepad, Skillslagoon, Inchone, Edugrate, KydonLearning, Three Learning, Teamie, Wizlearn Technologies, Marshall Cavendish, KnowledgePlatform, Playware Studios, GEM Learning, eUniversity Pte Ltd, GenuisU, Phoenix OneSoftSingapore, KooBits Pte Ltd, Octavesim, LIME Learning

To know more on coverage, click on the link below:

https://www.kenresearch.com/education-and-recruitment/education/singapore-elearning-market-statistics/43946-99.html

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To know more on coverage, click on the link below:

https://www.kenresearch.com/education-and-recruitment/education/singapore-elearning-market-statistics/43946-99.html

Contact Us:Ken ResearchAnkur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com+91-9015378249