The rising demand for online learning in schools, growing availability of software, and widespread availability of PCs is driving the tremendous growth of online coaching software market. AMI also anticipates that a growing demand for online coaching software products through cloud deployment model is on the rise. . Earlier, the on-premise model accounted for the highest grossing deployment model globally, as concerns like security, data protection, and limited availability of reliable cloud remained the key feature of the day. However, the growing influx of major players in the cloud arena like Microsoft, IBM, Google, and their large investments in supporting services like datacenters, cloud tools, and programming is driving the robust growth for the cloud-based deployment models. The cloud deployment model is expected to grow at the fastest CAGR during the 2021-2029 period.
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The covid-19 pandemic has been a major boost for growth for the online learning module. According to the U.S. Census survey of 2020, close to 93% of U.S. households with school children report engagement in distance learning in some form. Furthermore, children in high-income households have made a major shift to digital workloads, with over 80% relying on online resources for assignment. On the contrary, just about 20% are using paper materials sent home by schools. Moreover, among low-income households (households with income less than $50,000 annually) report 19.1 more as compared to high-income households were likely to use manual paperless resources for learning. Despite the higher reliance of low-income households on paper-based learning resources, this group mainly relies on digital learning resources for learning. Moreover, the availability of computer access, and internet connectivity also remains widespread among U.S. adults. For example, the US Census Bureau reported that in 2020, among 2.3 million adults between 18-24 years of age always had internet, and computers available. Among aged individuals between 65, and above, 1.8 million out of a total 2.4 million had computer and internet connectivity always available. Among others groups also, over 2/3rds of all individuals always had access to potential online learning. The growing demand for online learning due to its cost-effectiveness, convenience, and high-penetration of PCs, and internet connectivity will remain a promising driver for growth in the global online coaching software market.
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Android’s growing dominance in mobile operating system promises to replace the highest share of iOS in the near future. The Apple OS has made major headways in the global online coaching software market through paid apps, and tremendous commercial opportunity for individual content producers. However, the widespread penetration of Android, and growing demand for Google products, due to their cost-effective nature is likely to account for the fastest growth in the online coaching software market during the 2021-2029 period. This is in line with changing consumer preference for mobiles as the go-to access mode for availing online coaching. Similarly, AMIalso reports that the yearly subscription model will remain highest in demand in line with offline coaching. The rise of the Android OS, and yearly subscription also point to price-conscious nature of consumer purchases in the online coaching software market globally. The rise of Android will also drive robust demand for customizations in the global online coaching software market. As OS, and coaching reaches new markets, and technology enables addition of new languages, new customizations to appeal to different groups, the products in the online coaching software market will likely drive new avenues of opportunities for key players. The customized and integrated components also accounted for the highest share in the global online coaching software market. AMI anticipates that the segment will continue its upward trajectory, surpassing the standalone component segment to become the fastest growing segment globally.
Key Findings of the Report:
- The online coaching software market will valued at US$ 1564.43 Mn in 2020 and is anticipated to reach US$ 5553.58 Mn by 2029 growing at a CAGR of 15.21% during the forecast period.
- By region, North America accounted for the highest share in the global online coaching software market in 2020. The presence of numerous online coaching software providers in the U.S., coupled with the higher awareness amongst online coaching tools amongst the end-users in North America is a major reason for the greater growth of North America in the global online coaching software market. However, the APAC region is expected to show the highest growth during the forecast years in the global online coaching software market.
- In 2020, institutes and universities contributed for maximum revenue in the global online coaching software market. This can be attributed to the rising demand for remote learning amongst students, and the development of MOOCs by universities.
- Some major players in the global online coaching software market include Universal Coaching Systems, eZeon TechnoSolutions Pvt. Ltd, Geeklabs Software Private Limited. Omnify, Inc, TrueCoach, Inc, eProfessor.in, Training Tilt, KwalityTech IT Services Private Limited, CoachAccountable, LLC, and CoachingCloud amongst others.
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Global Online Coaching Software Market
By Deployment
- Cloud Based
- On-premise
By Pricing Model
- Yearly
- Monthly
By Access Mode
- Desktop
- Mobile
- Others
By Operating System
- Mac/iOS
- Windows
- Android
- Others
By Application
- Student Management
- Fees and Enquiry Management
- Income and Expenses Management
- Parent Communication Module
- Contact Management
- Human Resource Management
- Client Management
- Institute Management and Assessment Platform
- Placement Management
- Online Exam
- Library Management
- Daily Status Report
- Attendance Management
- Others
By End User
- Schools
- Tutors / Teachers
- Institutes / Universities
- Corporate
- Others
By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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