Russia Online Education Market will be more than US$ 2 Billion opportunities by 2026
24 Dec, 2020

According to the latest report by Renub Research, titled "Russia Online Education Market by Segment (Elementary, Central Secondary, Supplementary School, Higher, Secondary & Supplementary Vocational, Language Training) Company Analysis" Edtech's spread is causing significant improvements to Russia's education system. The online education market in Russia has grown with double-digit CAGR in recent years. According to the Renub Research report, Russia Online Education Market will be more than US$ 2 Billion opportunities by 2026. This growth is due to advancements in technology and the digital education atmosphere through which students can get an education without leaving home. Online education companies providing academic courses for students in Russia are INTUIT, Coursera, Pluralsight Inc., Mail.ru group, and Cornerstone On Demand Inc.

The Positive Impact of COVID-19 Pandemic in Online Education

During the COVID-19 pandemic, the online education sector has expanded as online education adds new dimensions to the conventional education system. Schools, preschools and other educational institutions had to turn to remote education during the home quarantine period, which resuscitated the need to explore the challenges and opportunities of online education in the country and forced a boom in online learning. According to the Russian Higher Education and Science Ministry, about 80 per cent of all universities have moved to online education during the COVID-19 period. This growth is due to the spread of the virus in the country.

The most advanced schools in Moscow that turned to remote learning, however, were not ready for virtual education. There were technological and psychological challenges faced by 80 per cent of school teachers. To overcome this problem, two national programmes, 'Education' and 'Digital Economy,' are introduced by the Russian government, and these programs were to expand the use of digital solutions in education. The initiatives are aimed at improving digital skills and the virtual learning environment, driving demand among international service providers and technology partners.

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Market Summary:

By Segment - Russia Online Education Market:  Market and market share analysis for Elementary, Central Secondary, Supplementary School, Higher Education, Secondary Vocational, Supplementary Vocational and Language Training are given in this research report.

By Company - Russia Online Education Market:  Overview, Recent Developments and Revenue Analysis of Coursera, Mail.ru group, INTUIT, Pluralsight Inc., and Cornerstone On Demand Inc are provided in this research report.

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