Education Technology Market

Education Technology Market witnessed USD 114.1 billion in 2022 and is forcasted to touch USD 390 billion in 2030 and is growing at a robust CAGR of 16.6% during forecast period.

Education Technology Market Overview

Educational technology is the combined use of computer general learning, software, and educational theory to facilitate learning. Today’s classrooms have moved beyond the clunky desktop computers that were once the norm and are now tech-infused with tablets, interactive online courses, and even robots that can take notes and record lectures for students who are ill. With the advancement in technology and the high proliferation of internet, the demand for educational technology has risen.

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Major Education Technology Market Drivers

The educational technology industry is majorly driven by the proliferation of smart devices in the industry, which has helped in shifting the gears for the education sector. The growing adoption of education technology tools across both the academic as well as non-academic sectors is anticipated to make a positive impact on the market growth. The K-12 and higher education sectors have witnessed increased adoption of EdTech solutions and offerings. Apart from formal education, there is an increasing role of digital learning in supporting adults to scale up their skill sets throughout their careers. Technology is anticipated to play a vital role in supporting adults in overcoming several challenges, such as enabling students the flexibility to learn the new skills without being restricted to a specific geographical location or availability of resources. In addition, the launch of 4G LTE technology coupled with the launch of JIO in India has significantly impacted the educational technology market growth in a healthy way.

As per the education technology market report, during the COVID-19, an unexpected boom in the education industry has been witnessed by making an attributed impact on learning. For instance, according to BYJUY’S during the first and second quarter of 2020, new 35 million users were added to the platform, which reflects the growth of the company as well as the industry during the pandemic situation.

Restraint in the Educational Technology Market

However, the high-cost price associated with the software and general learning packages is the major factor that is expected to hamper the growth of the educational technology market size.

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Sector – Segment Analysis

Based on the sector, K-12 sector is expected to dominate the global educational technology market over the forecast period. The majority of the teachers in the K-12 sector support gamification initiatives to develop the students’ math learning skills with the integration of practical, project-based work in schools. Additionally, the incorporation of technologies in this sector is enabling immersive content and providing experiences, such as virtual field trips and complex lab-based experiments, thus resulting in an engaging learning experience.

Type – Segment Analysis

Based on the type, general learning segment is expected to dominate the global educational technology market over the forecast period. One of the major factors that is positively impacting market growth is the increasing prominence of digital classrooms across the education industry. As a result, this trend is anticipated to boost the adoption of general learning components, such as laptops, desktops, tablets, and recently introduced interactive whiteboards and AR/VR headsets.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global educational technology market over the forecast period. The EdTech sector in the U.S. is witnessing plenty of investments from venture capitalists and private-equity investors. In 2018, the EdTech companies in the country raised funding of more than USD 1.50 billion. As the sector matures, companies with substantial revenue growth are expected to attract greater funding and differentiate themselves from the newly entered market players, which has surged pace of the overall market.

Top Market Players

Various notable players operating in the market include BYJU’S, Blackboard Inc., Coursera Inc., Edutech, EdX Inc., Google Inc., Instructure, Inc., Microsoft, Udacity, Inc., and UpGrad Education Private Limited., among others. 

Key Developments:

• • In 2020, BYJU’S officially launched online private tuition classes which enabled will enable students to have access to scheduled online classes from leading teachers.

Segments covered in the Report:

The global educational technology market has been segmented on the basis of sector, type, and regions. Based on sector, the market is segmented into preschool, K-12, higher education and others. Based on type, the market is segmented into general learning, gamification, analytics, management courses and others. 

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Market Segmentation

Global Educational Technology Market by Sector

• • Preschool
  • K-12
  • Others

Global Educational Technology Market by Type

• • General Learning
  • Gamification
  • Analytics
  • Management Courses
  • Others

Global Educational Technology Market by Region

• • North America Educational Technology Market (Option 1: As a part of the free 25% customization)

    • By Sector
    • By Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Educational Technology Market (Option 2: As a part of the free 25% customization)

    • By Sector
    • By Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Educational Technology Market (Option 3: As a part of the free 25% customization)

    • By Sector
    • By Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Educational Technology Market (Option 4: As a part of the free 25% customization)

    • By Sector
    • By Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Educational Technology (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BYJU’S
  • Blackboard Inc.
  • Coursera Inc.
  • Edutech
  • EdX Inc.
  • Google Inc.
  • Instructure, Inc.
  • Microsoft
  • Udacity, Inc.
  • UpGrad Education Private Limited.