Malaysia online education market is majorly propelled by rising adoption of mobile technology and strong initiatives by regional government according to the research report “Malaysia Online Education Market Outlook 2023”.
Innovation in the information technology has led the online education system to great horizons. Malaysia’s educational capacity and the superiority of its educational system is an important aspect of the regional and global markets. Malaysia online education market is expected to project a strong compound annual growth rate of 16.4% over the forecast period i.e. 2016-2023. This can be attributed towards strong government initiatives taken by Malaysia government and rising smart phone and tablet user in the country.
Rising Adoption of Mobile Technology: Up Thrust
With evolution in mobile technology, scholars find it more convenient mode of study. They can now access the content more effectively and can spend more time in the learning process. Wide acceptance of online education platform among young generation is propelling the Malaysia online education market.
Strong Initiatives by Regional Government: Momentum
In order to promote online education platform, strong initiatives are taken by Malaysian government. The government is focused on providing affordable and convenient education to overcome the shortage of quality education. New and effective directives for the digitization of textbooks in academic sector and promotion of online education platform by providing tablets and laptops to the students of schools are some initiatives taken by the regional government to promote online education platform in Malaysia.
The report titled “Malaysia Online Education Market Outlook 2023” delivers detailed overview of Malaysia online education market in terms of market segmentation by technology, by components and by End user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of Malaysia online education industry which includes company profiling of Studymalaysia.com, Academiccourses.com, Alison and Shah Alam etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Malaysia online education market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.