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Business Marketing - Harsh Toke
Business Marketing - Harsh Toke
Business Marketing
“Ed-tech Industry”
Business Marketing
Marketing practice of
individuals or Sells products or services to
organizations (including other companies or
commercial businesses, organizations that resell them,
governments, and institutions) use them in their products or
services, or use them to
support their works
Marketing Funnel
Edtech Industry
Target market
Needs
Preferences
Decision-making
processes
Leaders in Edtech Industry
Edtech Industry
Edtech industry scenario in India
Rapid Growth: The edtech industry in India (3.42 Bn in
2021) has seen rapid growth in recent years, with the market
size expected to reach $30 billion by 2025.
Increase in Demand: The COVID-19 pandemic has
accelerated the demand for online learning, leading to a surge
in the number of users and revenue for edtech companies.
Key Players: Some of the key players in the Indian edtech
industry include BYJU'S, Unacademy, Vedantu, Simplilearn,
upGrad, and many more.
Challenges: The edtech industry in India faces challenges
such as the digital divide between urban and rural areas, lack
of access to quality internet infrastructure, and affordability
issues for many students.
Edtech Funding In India: US$ 1.97 Bn (2022)
Edtech industry scenario globally
Market Growth: The global edtech market size is expected
to reach $404 billion by 2025, with a compound annual
growth rate (CAGR) of 18.1% from 2020 to 2025.
Adoption of Online Learning: The COVID-19 pandemic has
accelerated the adoption of online learning globally, leading to
a surge in the demand for edtech products and services.
Key Players: Some of the key players in the global edtech
industry include Coursera, Udemy, edX, LinkedIn Learning,
and Duolingo, among others.
Challenges: The edtech industry faces challenges such as the
digital divide, lack of access to quality internet infrastructure,
and affordability issues regions.
Global Edtech Industry
7 P’s of Edtech Industry
Product
The tangible products delivered by educational
industry are various certificates that are issued by
institute or university after completion of course.
The intangible products delivered by edtech
industry are knowledge, skill and experience to
candidates.
For e.g., MBA course, Engineering degree, etc.
7 P’s of Edtech Industry
Price
Price is determined by a number of factors
including reputation of the institution, competition,
service quality, placement, private or public
ownership, infrastructure, facilities provided,
location of the institute, mode of education, brand
name etc.
For e.g., price of engineering degree is around Rs.
50,000 to Rs. 500,000 per year.
7 P’s of Edtech Industry
Place
Place represents the location where an educational
institute is established. It is often referred to as the
service centre.
Location also affects the price and promotional
activity of that institute.
For e.g., educational institutes from Mumbai, Delhi,
Pune, etc are more prestigious than other institutes.
7 P’s of Edtech Industry
Promotion
Promotion word-of-mouth communication has been
found the best tool for promotion of edtech
industry.
Outdoor advertising in the form of print media like
hoarding, banners, etc are used.
Using digital marketing techniques like SMS, e-
mails, social media, etc for promotion.
7 P’s of Edtech Industry
People
People mean teaching fraternity and non-teaching
community directly and indirectly associated with
the services rendered to the students.
For e.g., professors, guest lecturer, lab assistant,
librarian, security, guard, etc.
7 P’s of Edtech Industry
Process
The way service providers render services to the
students, plays a pivotal role in gaining the
competitive advantages.
If the service process is hassle free, simple,
understandable, student friendly and technology
based, it will definitely make the institution with
difference.
For e.g., process of teaching, process of practical
learning, process of placement, etc.
7 P’s of Edtech Industry
Physical Evidence
It is the direct sensory experience of a service that
allows a student to measure whether he or she has
received adequate facilities by the education
institution.
Business Marketing In Ed-tech Industry
Define your target market