With the integration of technology in teaching and learning, online learning is not a new instructional strategy in the education landscape. However, the onset of the COVID-19 pandemic has necessitated the implementation of Home-based Learning (HBL) for educators, parents, and students on an unprecedented duration and scale. The notions and the factors associated with the implementation of HBL are yet fully investigated. As such, this study aims to shed light on the prerequisites needed for implementing HBL and suggest its future research direction. The methodology involves a systematic review of the existing studies on ICT-supported formal learning outside the classroom and to identify the prerequisites of HBL from various perspectives of the students, teachers, and parents. By doing so, this report will provide a deeper understanding of the multiple components of HBL and how it is to be taken into consideration when implementing HBL from both the theoretical and practical standpoint.