Online Education Market in Russia – Analysis and Forecasts 2020-2026: A $2 Billion Opportunity by 2026 – GlobeNewswire

Dublin, Nov. 26, 2020 (GLOBE NEWSWIRE) — The “Russia Online Education Market by Segment (Elementary, Central Secondary, Supplementary School, Higher, Secondary & Supplementary Vocational, Language Training) Company Analysis” report has been added to ResearchAndMarkets.com’s offering.

In Russia, the online education market has skyrocketed in recent years, and it is expected to grow with double-digit CAGR in the near future too. The spread of edtech is making serious changes to Russia’s education system. In the newest version of Times Higher Education World University Rankings, the Universities of Russia not only improved results but has also expanded their presence from 27 to 35. According to this research report, the Russian Online Education Market will be a USD 2.01 Billion opportunity by 2026.

The factors which are driving the online education market in Russia are advances in technology, a modern digital education environment that facilitates across the globe to experience education in any educational institution without leaving home. In addition, the government of Russia is also trying to extensively use digital solutions in education by launching two National Programs: Education and Digital Economy. The main objectives of these programs are to enhance the virtual learning environment and digital skills.

Due to the COVID-19 outbreak lockdown policies by the government worked as a blessing in disguise for Russian eLearning companies. According to the Russian Higher Education and Science Ministry, the online education market in Russia has surged because of the Covid-19 pandemics. As of now, teaching at 80 percent of all universities as well as Russian higher education centers have moved online as part of coronavirus infection lockdown measures.

Despite there is significant competition in the Russian elearning market. But the Covid-19 pandemic has facilitated an unprecedented rise in the services of e-learning companies. Yandex, the largest Russian search engine, has launched Yandex School. This project is free to use and was launched to help students and teachers in the COVID-19 lockdown. Another Russian eLearning platform Skyeng started to cater to language-learning demand, but eventually expanded to other education services.

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