Singapore E-Learning Market Forecast To 2020: Ken Research

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Singapore E-Learning Market Forecast To 2020 Ken
Research
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How Singapore E-learning Market Is
Positioned? In Singapore, the e-learning
companies serve the purpose of providing
technology and content services to various
sectors such as corporate, educational
institutes, government agencies and privately
owned enterprises. In recent years there has been
substantial development in Infrastructure, ICT
sectors, demographic profile and an increased
demand for skilled workers. Owing to this,
Singapore has experienced a robust growth in
e-learning sector. The government of Singapore
has initiated many IT related policies starting
in 1970 to aid the growth in the sector and
promote Singapore as an e-learning hub. The
e-learning market includes electronic media as a
part of its delivery system and covers diverse
learning strategies like computer based learning,
web based learning, virtual classrooms and
digital collaborations. The Singapore e-learning
market was estimated at USD million in 2015
which rose from USD million during
2010. Additionally, the respective market grew
at an astonishing CAGR of during the period
2010-2015. The Singapore E-learning market is
estimated to grow to USD 1500 million in 2020.
Singapore e-learning market grew at an annual
growth rate of and in 2014 and 2015
respectively.
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• The e-learning companies are innovating at a
  rapid pace and there is provision of tailor-cut
  solutions for all the different end users. The
  market is further sub-divided into technology and
  content market. The content market comprises of
  the major share in the overall market. The share
  of technology market is expected to shrink in the
  coming years. The largest share of the market
  comes from the corporate sector, both in terms of
  content and technology.
• The e-Learning companies can launch initiatives
  for e-Learning in collaboration with the
  government to maintain its business line.
• Major Segments of Singapore E-learning Market
• The content services market has dominated the
  overall E-learning market in Singapore. The
  content includes course structure, multi-media,
  testing, assesments and others. The growing need
  of technology oriented training which includes
  aircraft maintenence lessons, car driving
  lessons, pshychomotor tests and others have
  created a demand for simulation training content
  as well, which is also a part of digital content.
  The share of content services market in 2010 was
  recorded at of the total market. The share has
  been increasing and is expected to rise in the
  future. The introduction of digital education
  methods and tools has improvised the educational
  system in Singapore. Leading educational
  institutions and corporate training centers are
  now focusing on improving the quality
  instructional content and effective assessment
  and monitoring tools.

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• This has led to a rise in the share of content
  services in the overall market which increased at
  a CAGR of during the period 2010-2015. The
  market share in 2015 was estimated at of the
  total market share. The revenue generated by the
  content segment in 2015 was recorded at USD
  million.
• Technological service is another category of the
  digital education market in the country. It
  encompasses the software platforms, online tests
  softwares, smart classes, authoring tools and
  others. The share of technology market has slowly
  shrunk in the period spanning 2010-2015. The
  technology market had a share in 2010. The
  share in 2015 was estimated at . The demand for
  these technological tools has been increasing and
  with technological innovation there has been a
  trend of falling prices of LMS and smart
  authoring tools. The CAGR of technology services
  was estimated at during 2010-2015. The revenue
  generated by the technology segment was recorded
  at USD million.
• The government of Singapore has initiated many IT
  related policies starting in 1970 to aid the
  growth in the sector and promote Singapore as an
  e-learning hub. The e-learning market includes
  electronic media as a part of its delivery system
  and covers diverse learning strategies like
  computer based learning, web based learning,
  virtual classrooms and digital collaborations.
  Various features such as cost effectiveness,
  flexibility of learning and uniform content
  delivery amongst all users have given e-learning
  a competitive edge over the conventional form of
  learning.

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• How the Content Services Market has Performed in
  Singapore?
• It has been witnessed that corporate sector has
  dominated the content services market with a
  share of during 2015. In 2010 the share of
  corporate was recorded at . Additionally the
  share of content market has been on a rise since
  the past few years.
• The market share of corporates is expected to
  rise even further. Numerous leading enterprises
  in the country have incorporated and promoted the
  use of digital education to educate their
  employees regarding the rules, regulation and
  ethics of the firm. There has been a rising
  demand for customized content by the corporates
  to enhance the learning skills of the employees.
  The share of corporates was recorded at a
  staggering . K-12 is the second largest
  contributor to the total content market. The
  schools are one of the major purchasers of the
  customized content. The share of K-12 segment is
  the second largest in the overall content market.
  The share was recorded at in 2015. The third
  largest share was that of the post K-12 segment
  recorded at . There has also been a keen
  interest shown by the students towards
  correspondence courses. This is another factor
  that has fueled the demand for the Post K-12
  segment.
• Massive Open Online Courses have been the largest
  contributor to the overall market share. The
  number of MOOCs in the recent years has
  exploded. There are large number of courses from
  established institutes like Stanford, MIT, Yale
  and Harvard.

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These brands have attracted a large number of
students to enroll themselves under these MOOCs.
Better intrinsic qualities have also been
reinforced by the extrinsic quality of
institutions that are offering the courses. The
second largest share was countered by e-books
which contributed a share of in the total
revenue generated by the segment. M-learning
promotes usage of all the learning material on
the go. The Singaporean population has stringent
working hours, thus learners can gain knowledge
while travelling and utilize their time. The
share of M-learning in 2015 was recorded at of
the total market share. The share of gamification
has been the lowest. The conventional ways are
still preferred and hence the share was recorded
at in 2015. M-learning promotes usage of all
the learning material on the go. The Singaporean
population has stringent working hours, thus
learners can gain knowledge while travelling and
utilize their time. Competition in Singapore
E-Learning Content market Singapore E-learning
content market is estimated at USD million in
FY15. The market in the segment has few major
companies and there are a lot of startups
dwelling in the market. Skillsoft is one of the
pioneers in Singapore E Learning which was
started way back in 1998. The revenue was
recorded at USD million in 2015. Antoree is
followed by Skillsoft in terms of revenue share
in the market. The company countered a share of
in the total market during 2015.
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• With a share of the total market Coursepad has
  the major player in the industry. The bite sized
  learning provision makes the product one of a
  kind. Epiphany accounted for of the total
  market share contributing USD million to the
  total market. Illuminate, a tool that helps
  learners envisage themselves in real life
  situations thus promoting conceptual learning.
  Gnowbe has posted market share of in terms of
  content service revenues during 2015. Gnowbe
  claims itself to be the learn-by-doing app
  other than being an information gathering app.
• Major Projections in Singapore E-learning Content
  Market
• There has been a shift in the industry from
  imparting knowledge in a traditional way to
  digital methods. The lower cost of LMS per pupil
  to around USD 5-15 per pupil per month would
  prove to be vital for the content industry as a
  cheaper platform would raise demand for the
  content. Due to lack of renowned universities in
  home countries, students are engaging in self-
  paced digital education courses from reputed
  universities in Singapore, which in turn is
  likely to fuel demand for content services from
  various companies. The market is expected to grow
  to USD million in 2020 from USD million in
  2018.
• The demand for the content is expected to grow
  continuously. Singapore has many startups coming
  up in this sphere which would lead to better
  revenues for the industry.

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There are many courses which are not yet
available online and thus in the long run these
courses are expected to be online. The
population in Singapore is expected to grow to
million by FY20 and majority of Singapores
population lies in the age group25-40, which is a
major target base for e-learning content
companies. What have been the Growth Drivers
for Singapore Tech Services Market? The
technology market includes the sales of all the
software and hardware that is involved in
transmission of digital learning practices,
either directly or indirectly. A LMS can be
broadly defined as a software application which
is used in management, delivery and tracking of
online learning courses. The smart classrooms are
also included in the Singapore technology market.
The technology services market gauged revenues
worth USD million in 2015. The market share has
nearly been in 2010. The technology services
market gauged revenues worth USD million in
revenues in 2010 the market share in this
segment has been nearly of the total market
size and has been declining. The revenue
generated in the market has been growing but the
share of content market has been growing at a
rapid pace. The revenue has gradually increased
over the years to clock at USD million in 2015.
The technology market in 2015 accounted for a
total market share of . The growth in the
market can also be attributed to the cheaper
availability of LMSs which are used widely in
all the sectors now.The share of corporate was
recorded at in the overall market share.
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• The corporate are the largest buyers of the
  technology in Singapore. The companies convert
  the content into various forms that aids the
  understanding process of the employees of the
  company. of the schools invest in LMSs and that
  is the only major expense of the schools.
• The largest share was clocked by the sales of LMS
  in the Singapore E-learning technology market.
  The share was recorded at . The authoring
  tools, another segment of the market, are the
  plug-ins available on the digital education
  learning platforms, which accounted for a share
  of in the overall technology service segment
  during 2015. Smart Classrooms in Singapore had a
  total market share of in 2015. The share of
  gamification was recorded at in 2015.
• How THE COMPETITION IS Structured in Singapore
  E-learning Technology Market?
• Intuitive, Innovative and Intelligence - these
  are the three principles that have taken the
  company to its current heights. The company won
  the Microsoft ISV award in the year 2007 and it
  is a gold certified partner. It was further
  chosen as a key partner to Hewlett Packard
  Singapore Consortium for the government funded
  future schools project. Inchone Pte. Ltd has the
  majority of the chunk of the market in the
  technology services market gauged at in 2015.
  The company was estimated to have market share
  in 2015.

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• Edugrate posted revenue of USD million in FY15
  grabbing a market share of . Three learning is
  growing in terms of market share with revenue
  been placed at USD million with a market share
  of The company provides services ranging from
  content development to learning management
  systems. Teamie operates on a platform that
  supports collaborative learning. The company
  bagged a market share of in FY15 and is
  expecting higher revenues by expanding the
  presence beyond Asia-Pacific
• What are the Future Prospects of E-Learning
  Technology Market?
• The services rendering companies are expected to
  generate revenues worth USD million by 2018.
  There has been a rise in demand for the
  technology services by corporate as the pedagogy
  of e-learning supports collaborative learning.
  The service providing companies are going to be
  the gainers in the near future because of the
  government initiatives like Sixth National IT
  plan in place. The market is expected to grow to
  USD million in FY20 from USD million in
  FY2018.
• The demand for the services is expected to
  enhance as the cost of LMS has considerably
  reduced (LMS costs vary around USD 0.5 - USD 10
  per course, pay per user plan costs around USD 5
  per user) and flurry of features like smart
  authoring tools have flooded the services market.
  The ICT tenders provided by the government of
  Singapore are expected to grow at a CAGR of
  during the period 2016-2020 this shall improve
  the ICT infrastructural base of the country and
  hence would scale up the business of the
  e-Learning Services companies.

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• In the upcoming years, it is expected that the
  number of small and medium scale software vendors
  in the country will increase, due to the rising
  demand of digital education services.
• Key Factors Considered in the Report
• Comprehensive analysis of Singapore E-learning
  market and its segments.
• Snapshots on Singapore E-learning market and
  their segmentations.
• Listed major players and their positioning in the
  market.
• Identified major industry developments in last
  few years and assess the future growth of the
  industry.
• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/education-and-recruitm
  ent/education/singapore-elearning-market-statistic
  s/43946-99.html

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