Online Higher Education And Upskilling Market To Grow At A CAGR Of 23.1% To 85,000 Crore By FY28
The market for online higher education and upskilling in India, valued at Rs 30,000 crore in FY23, is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 23.1% over the next five years. This growth will push the market size to an estimated Rs 85,000 crore by FY28, according to a report by Technopak Advisors.
The demand for higher education, specialized certifications, and upskilling initiatives in India has been steadily increasing, driven by changing job requirements, technological advancements, and the growing need for continuous learning among students and professionals. As industries evolve, both students and working professionals are seeking flexible, accessible learning opportunities to stay competitive in the job market.
According to Technopak, online higher education and upskilling platforms have become essential for individuals seeking to enhance their skills or pursue higher education. These platforms allow learners to access courses from anywhere in the world, with the added flexibility of asynchronous learning, meaning students can engage with content and complete coursework at their own pace and on their own schedule.
The online education sector in India is increasingly catering to a wide range of academic and professional interests, offering not only degree programs but also specialized skilling and certification courses. This diversity in course offerings helps meet the varied demands of learners across different fields.
Moreover, online degrees and certifications are gaining recognition from employers, adding significant value to an individual’s professional profile. The increasing acceptance of these credentials is contributing to the growing appeal of online education as a viable option for career advancement.
The rise of key players like Jaro Education, UpGrad, and Talentedge has played a crucial role in transforming the online higher education and upskilling landscape. These companies have expanded access to quality education, making it more affordable and attractive to learners across India. The market remains highly competitive, with a focus on skilling, certification, and degree programs—areas where these companies primarily offer educational solutions.
A notable trend in the online education space is the growing collaboration between educational institutions and private players. These partnerships are designed to support student acquisition, enhance feedback mechanisms, provide technological infrastructure such as dedicated learning studios, and offer market intelligence on the courses in demand. By working closely with institutions on learning outcomes, these collaborations ensure high-quality online education delivery and help align course offerings with industry needs.
As the sector continues to innovate, online higher education and upskilling platforms are well-positioned to play a pivotal role in shaping the future of education, certification, and skills development in India.
A pioneering company dedicated to promoting excellence in education through innovative solutions and platforms. Edu Expo Global Pvt Ltd unites key figures in Education Technology.