The education sector has faced a lot of changes in recent times. The onslaught of the Covid-19 pandemic replaced learning in colleges and schools with online platforms that taught concepts and subjects via audio and video classes. The term “Edtech” has acquired a lot of significance now as we have seen many successful digital education platforms like BYJU’S, Coursera, Great Learning, Simplilearn, Apps Like Udemy, and upGrad.
In terms of Massive Open Online Courses (MOOCs), Udemy is the undisputed leader with more than 130,000 video courses taught on its platform to a whopping 40 million students by 70,000 expert instructors. It also offers an Udemy for Business program where corporate companies can train and upgrade the skills of their employees.
Udemy allows millions of students to take different courses like business development, creative writing, data analytics, deep learning, design, digital marketing, machine learning, music production, personality development, photography, quantum computing, and software development.
It also raised $80 million in fresh funding at the end of 2020 and plans to aggressively expand its business operations in the future. Udemy earned a mind-boggling $400 million in revenue last year.
Entrepreneurs aiming to dominate the booming online education market must also know the strategies followed by the top 10 competitors to Udemy. Based on that, they can make their e-learning venture a grand success in the industry.
Some of the leading E-learning apps like Udemy are
It is one of the popular American online education platforms and was established in 2012. Coursera earned a humongous revenue of $51.9 million from student courses, $24.5 million by offering learning programs to different business enterprises, and $12 million from degree programs.
The e-learning platform offers 6500 courses through tie-ups with 200 companies and universities across the globe. The numerous benefits for students are access to on-demand training and development programs, provision of professional certificates after completion of the courses, and upgradation in their overall skill levels.
Coursera has 77 million registered users. Its Android app has been downloaded more than 10 million times. It offers a Coursera for Campus plan for students and Coursera for Business for corporate companies.
It is also an American e-learning platform created by professors from the prestigious Harvard University and the Massachusetts Institute of Technology (MIT) in May 2012. edX offers more than 3000 courses to 35 million registered users. The highly demanded courses are Business Management, Computer Science, Data Science, Design, Engineering, Humanities, Medicine, and Psychology.
edX took full advantage of the disruption caused due to the Covid-19 pandemic in 2020 by adding 10 million new users and 13 new course providers (top universities and companies). It is also offering free courses for all university students till June 2022.
It is the most valuable private educational technology company in the world. BYJU’s offers modern learning programs for school students through interactive videos. Its Android app has been downloaded more than 50 million times by users.
BYJU’s also provides training material for different competitive exams (engineering, management, medicine, and administration). It is planning to raise $150 million in funds which would put its value at a humongous $16.5 billion. BYJU’s has 80 million registered students that include 5.5 million paid subscribers. It offers scholarships to millions of students belonging to economically weaker sections.
4. Khan Academy:
It is an American Non-Profit organization that was an early player in the market after emerging in 2006. Khan Academy offers benefits like advanced tools for teachers, free educational content, and personalized learning opportunities for students.
It offers modern material for different subjects like arts, biology, chemistry, computer programming, economics, finance, history, humanities, mathematics, and physics. Khan Academy teaches concepts through engaging short videos for students in 20 languages. The teachers track their performance of the students on a real-time basis through assignments and tasks.
Advance Learning Interactive Systems Online (Alison) is an Ireland-based edtech company. There are 20 million registered learners from 195 countries. The students study 3000 different courses like accounting, engineering, food safety, healthcare management, information technology, marketing, personality development, and sales.
Alison earns around $18.5 million in revenue every year. It also offers tailor-made courses for business enterprises through its division called Alison Corporate Services. Educational material available on the Alison online platform is developed by well-versed course creators after they have completed the Training Programme.
Reduce The Gap Between Students And Teachers By Initiating Apps Like Udemy!
It is an online education platform run by an American non-profit organization since June 2011. Udacity offers the latest technological skills through customized courses for individuals, businesses, and governments. It includes various certification programmes related to Artificial Intelligence (AI), Cloud Computing, Cybersecurity, Data Science, and Programming.
More than 100,000 students have taken multiple courses taught by 200 industry experts from Udacity’s platform. The learners get advantages like availability of 24×7 support from mentors, better employment prospects, flexible scheduling, and participation in different projects.
2020 was a great year for Udacity as over 50,000 students completed their graduation programs, $75 million of funds were raised and the total number of registered users surpassed a record 14 million.
7. Great Learning:
It is a fast-growing Indian online learning company offering multiple professional courses through certificates and degree programs. Great Learning plans to expand its operational scope by hiring 1000 new employees in 2021.
The top courses in the platform are Business Analytics, Design Thinking, Digital Marketing, Machine Learning (ML), and Software Engineering. The students get incentives like enhanced job prospects, in-depth career support, and personalized guidance from expert instructors.
The Great Learning online education platform is used by learners from more than 140 countries. It also offers Enterprise learning solutions for companies related to Big Data, Cybersecurity, Deep Learning, and Full Stack Development.
It is a successful San-Francisco based edtech company existing in the market since 2010. Simplilearn offers live classes through online bootcamps and also offers professional certificate and graduate programs. It is targeting a humongous revenue of Rs 500 crore in 2021 by focussing on the American and Singapore markets.
The popular courses in the online platform are Data Analytics, Ethical Hacking, Project Management, Programming in languages like Java, Python and R, and Six Sigma. Simplilearn’s certificate programs are used by employees of top companies like Amazon, Bosch, Dell, KPMG, PepsiCo, and Vodafone.
It is one of the new Indian online educational platforms. From a small YouTube channel in 2010, Unacademy became a big digital learning platform after starting its business operations in 2015 in Bengaluru. It offers training courses for competitive exams and insightful subject material for school students.
Unacademy conducts a whopping 1500 live classes for students taught by 14 million teachers daily in the form of 1 million video lessons. It earned an income of Rs 86 crore in 2020 and has a market valuation exceeding $2 billion.
It also emerged in 2015 in the Indian market. upGrad, based in Mumbai offers advanced technological courses for higher education students. The most sought-after courses are Blockchain Technology, Data Science, Digital Banking, Machine Learning (ML), and Software Development. It has tied up with the top IIT and IIM institutes in the country.
upGrad has more than 1 million learners across 50 different nations. It offers executive education programs and upskilling courses for business enterprises with innovative learning pedagogy. It also came out with an online “Study Abroad” program that costs only 10% of the fees paid to foreign universities for offline courses.
The upGrad e-learning earned an annual revenue run rate of Rs 1200 crore recently and is targeting a 25% growth rate from April to June 2021. It is aiming at a long-term goal of minting $2 billion in revenue by 2026.
The global education technology market will grow by an impressive annual rate of 19.9% for the next 7 years and earn a whopping revenue of $377.85 billion in 2028. The edtech companies mentioned above will also use modern technologies like Augmented Reality (AR), Internet of Things (IoT), and Virtual Reality (VR) to offer a better learning experience for students.
The North American market will generate the largest revenue. The Asia-Pacific market will grow by a magnificent 22.6% every year from 2021 to 2028 due to factors like enhanced Internet connectivity and increased smartphone usage.
Apps Like Udemy will be an important player in this thriving business of online learning. Entrepreneurs can make a quick impact in the global market by hiring a top app development company like Turnkey Town for ready-made Udemy app development.
Our knowledgeable developer team will create state-of-the-art Android and iOS apps for the students and teachers. We will also provide a modern web panel for conducting online classes and an advanced admin dashboard to control the day-to-day business operations.
Entrepreneurs earn huge revenue from numerous sources like a commission from the teachers for offering their services, monthly and yearly subscription plans from students, transaction processing fees, and publishing targeted advertisements related to education.
Our affordable and feature-rich apps like udemy can be integrated with any learning management system (LMS) in the world. Entrepreneurs will be able to launch the advanced e-learning solution quickly in the market and get a massive competitive edge in the industry.
Emerge As A Strong Force In The Education Sector By Procuring Apps Like Udemy!