Government more spending on education and with the influx of huge number of capital investments, online education industries number in China showed geometric growth in the year 2013. At the beginning of the year 2014, leaders of internet giants most commonly called BAT (Baidu, Alibaba, Tencent) has began to seize the online education industry in China. China Online Education Market will be an opportunity of US$ 100 Billion by 2026.
How COVID-19 is driving the Digital Education Market in China
China’s economy has been walloped due to the outbreak of coronavirus. Since, many businesses have been shut temporarily due to the quarantine rules. But this lockdown came as an unexpected boon for the online education sector. According to our research, DingTalk, software developed by Alibaba has been installed 1. 1 Billion times in China due to Covid-19, and it is being used extensively by schools and students. Approximately 220 Million Chinese students - primary, secondary and tertiary were homebound during Lunar New Year holiday because of the current epidemic. This pandemic offers an enormous opportunity for the companies operating in online education space.
The factors that are helping the China E-learning Market to grow are as follows:
- Increasing government spending on education
- Propelled by conducive environment favourable policies and capital inflows
- Accelerated revision of the laws on private education and supporting policies
- Shift from PC to Mobile Client
- Huge development potential of K12 online education market
However, the factors like Lack of supervision of online platforms may hinder the growth of China online education market during the forecast period.
In this report, we have studied, China online education market by segment- Early Childhood Education, K12+Steam Education, Corporate Training, Vocational Training, Language Training. The K12+Steam Education market is growing at a rapid pace.
This report titled “China Online Education Market By Segment (Early Childhood Education, K12+Steam Education, Corporate Training, Vocational Training, Language Training) Education Investment, Private Education, Online Education Policy Company (Neworiental Corporation (XDF), Tomorrow Advancing Life (TAL), Baidu Jiaoyu, NetEase Cloud Classroom, Tarena International, Inc. (TEDU)”. This report captures an all-encompassing detail of the key growth drivers and restraining factors, demand, and their projections for the upcoming years.
K12+Steam Education leads the China Online Education Market
The market for K12+Steam Education is rising among all other segments. We have studied China online education market by segments by Early Childhood Education, Corporate Training, Vocational Training, and Language Training.
By Segment - Five Segments has been analyzed in the report
- Early Childhood Education
- K12+Steam Education
- Corporate Training
- Vocational Training
- Language Training
Development of China Online Industry
- Educational Investment
- Private Investment
- Online Education Policy
All the companies have been studied from two points
- Recent Developments
- Sales Analysis
Company Analysis
- Neworiental Corporation (XDF)
- Tomorrow Advancing Life (TAL)
- Baidu Jiaoyu
- NetEase Cloud Classroom
- Tarena International, Inc. (TEDU)
Table of Contents
Companies Mentioned
- Neworiental Corporation (XDF)
- Tomorrow Advancing Life (TAL)
- Baidu Jiaoyu
- NetEase Cloud Classroom
- Tarena International Inc. (TEDU)
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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