Online education brings new magnitude to the traditional education system. 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 Renub Research report, Russia Online Education Market will be a USD 2.01 Billion opportunity by 2026.
Online Education in Russia has surged due to Covid-19 Pandemics
Due to COVID-19 outbreak lockdown policies by the govt Worked as a blessing in disguise for Russia eLearning companies. Consistent with the Russian education and Science Ministry, the web education market in Russia has surged due to Covid-19 pandemics. As of now, teaching at 80% of all universities also as Russian education centres have moved online as a part of coronavirus infection lockdown measures.
Despite there’s significant competition within the Russian eLearning market. But the Covid-19 pandemic has facilitated an unprecedented rise within the services of e-learning companies. Yandex, the largest Russian program, has launched Yandex School. This project is liberal to use and was launched to assist students and teachers within the COVID-19 lockdown. Another Russian eLearning platform Skyeng began to cater to language-learning demand but eventually expanded to other education services.
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.