The COVID-19 pandemic has forced the world to engage in the ubiquitous use of virtual learning. And while online and distance learning has been used before to maintain continuity in education, such as in the aftermath of earthquakes1, the scale of the current crisis is unprecedented. Speculation has now also begun about what the lasting effects of this will be and what education may look like in the post-COVID era. For some, an immediate retreat to the traditions of the physical classroom is required. But for others, the forced shift to online education is a moment of change and a time to reimagine how education could be delivered2.
There has never been a better time to build a business selling online courses. By 2026, the global market for online education will reach an enormous $457.8 billion (Global Industry Analysts), and it shows no signs of slowing down. Millions of people are purchasing online courses, inside and outside of the traditional education system, in order to upgrade their knowledge and skills.
Covid-19 and its impact on the education sector
• The COVID-19 has resulted in schools shut all across the world. Globally, over 1.2 billion children are out of the classroom.
• As a result, education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms.
• Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.
While countries are at different points in their COVID-19 infection rates, worldwide there are currently more than 1.2 billion children in 186 countries affected by school closures due to the pandemic. In Denmark, children up to the age of 11 are returning to nurseries and schools after initially closing on 12 March, but in South Korea students are responding to roll calls from their teachers online.
With this sudden shift away from the classroom in many parts of the globe, some are wondering whether the adoption of online learning will continue to persist post-pandemic, and how such a shift would impact the worldwide education market.
How to Launch Your Own Business Similar to Udemy?
In the current situation, where the world is witnessing a social and economic crisis, online education is seeing a surge in its use. Platforms like Udemy and its competitors are booming in their business, and having a business similar to this platform will yield significant profits during this time. Building a platform like Udemy is not only crucial for the benefits, but it is a great source to add value to the students all across the world.
If you’re willing to start your own online education platform – you should go with Udemy Clone which has customized features to let you roll with your own online education business.
Starting your own e-learning venture could be a very good decision if you want to grab a business opportunity. Now e-learning is the future of education. In order to launch one can either go for customer development and hire a company to build the application. Alternatively, there are ready-made products such as Yo! The coach helps to launch E-learning ventures within a short span of time.