Online higher education players like Great Learning too are bullish about the trends and agree with the RedSeer analysis.
"The concept of lifelong learning is the new normal now and this is being proven out by the interest we are witnessing among students and working professionals to upskill and power ahead in their careers. Despite the pandemic, we have seen a 5X growth in our learner base during the lockdown. And we believe we have barely scratched the surface. Going ahead, we expect to grow at an even faster clip with the New Education Policy bringing several reforms to the higher education space. I am confident that over the next few years, this need for upskilling will spur ed-tech companies
with massive scale and impact. The report by RedSeer further confirms this," said Hari Krishnan Nair, Co-founder of Great Learning.
The online higher education businesses can be broadly classified into two including full stack versus aggregators and niche versus mass segments. However, in terms of business models in online higher education and lifelong learning, the analysis pegs full stack models as best positioned to capture the growth though multiple models have emerged in recent times.
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