June 17, 2019
Venture capitalist Mary Meeker’s 2019 annual Internet Trends report lists BYJU’S, the world’s most valuable edtech company, among some of the fastest growing online education companies across the world. The report features BYJU’S’ paid user growth to have increased tremendously over the last 3 years. Overall, BYJU’S’ user base has seen 35 million downloads with 2.4 million paid subscribers till date.
With subscribers to online and virtual learning programs steadily increasing, the report highlights the huge growth potential for online education across the world. Video-based learning, especially, is gaining prominence with 59% next generation users citing it as their preferred learning tool. The report noted that annual viewership hours of ‘How to’ YouTube videos has reached 4.5Bn, an indication of rising curiosity among learners to understand the “whys” and “hows” of concepts and not just the “what”.
The report states that the internet penetration across the globe has leapfrogged in a decade’s time, rising from 24% in 2009 to 51% in 2018. India stand’s second in terms of global internet users consuming 12% of the total share worldwide, second only to China. The daily time spent across devices has also witnessed drastic changes. In 2009, people daily spent about 20 minutes in mobile phones and 266 minutes on television. A decade later, in 2019, daily time spent on their mobile phones has surged to 226 minutes while television time has come down to 216 minutes.
About BYJU’S – The Learning App
BYJU’S (Think and Learn Pvt. Ltd.) – the world’s most valuable Edtech company, offers highly adaptive, engaging and effective learning programs for students in classes 1-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS. Launched in 2015, the original BYJU’S app has become the preferred education app for students across age groups with 35 million registered students and 2.4 million annual paid subscriptions. With an average time of 71 minutes being spent by a student on the app every day from 1700+ cities, the BYJU’S app is making learning enjoyable and effective. Delivering a world-class learning experience, BYJU’S is making learning contextual and visual, not just theoretical. The original BYJU’S app has been designed to adapt itself to the unique learning style of every student, as per the pace of learning, size of learning and style of learning. The learning app is paving the way for new-age, geography-agnostic learning tools that sit at the cross section of mobile, interactive content and personalised learning methodologies.
To know more about the company, please download the app (Available in Play Store & Apple App store) or visit us at byjus.com.