Online education brings new magnitude to the traditional education system. In Russia, the online education market has skyrocketed in recent years, and it is expected to grow with double-digit CAGR in the near future too. The spread of edtech is making serious changes to Russia’s education system. In the newest version of Times Higher Education World University Rankings, the Universities of Russia not only improved results but has also expanded their presence from 27 to 35. According to this research report, Russia Online Education Market will be a USD 2.01 Billion opportunity by 2026.
The factors which are driving the online education market in Russia are advances in technology, a modern digital education environment that facilitates across the globe to experience education in any educational institution without leaving home. In addition, the government of Russia is also trying to extensively use digital solutions in education by launching two National Programs: Education and Digital Economy. The main objectives of these programs are to enhance the virtual learning environment and digital skills.
Online Education in Russia has surged due to Covid-19 Pandemics
Due to the COVID-19 outbreak lockdown policies by the government worked as a blessing in disguise for Russian eLearning companies. According to the Russian Higher Education and Science Ministry, the online education market in Russia has surged because of the Covid-19 pandemics. As of now, teaching at 80 percent of all universities as well as Russian higher education centers have moved online as part of coronavirus infection lockdown measures.
Despite there is significant competition in the Russian elearning market. But the Covid-19 pandemic has facilitated an unprecedented rise in the services of e-learning companies. Yandex, the largest Russian search engine, has launched Yandex School. This project is free to use and was launched to help students and teachers in the COVID-19 lockdown. Another Russian eLearning platform Skyeng started to cater to language-learning demand, but eventually expanded to other education services.
This latest report “Russia Online Education Market by Segment (Elementary, Central Secondary, Supplementary School, Higher Education, Secondary Vocational, Supplementary Vocational, Language Training) Company (Coursera, Mail.ru group, INTUIT, Pluralsight Inc., Cornerstone On Demand Inc) provides an all-encompassing analysis on the Russia Elearning Market.
Segment - Russia Online Education Market is covered in 7 categories
1. Elementary
2. Central Secondary
3. Supplementary School
4. Higher Education
5. Secondary Vocational
6. Supplementary Vocational
7. Language Training
All the Company Insights have been covered from 3 Viewpoints
- Overview
- Recent Initiatives
- Revenue Analysis
Company Analysis
- Coursera
- Mail.ru group
- INTUIT
- Pluralsight Inc.
- Cornerstone on Demand Inc.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
Companies Mentioned
- Coursera
- Mail.ru group
- INTUIT
- Pluralsight Inc.
- Cornerstone on Demand Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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