Product Code: GVR-4-68038-878-7
Education Technology Market Growth & Trends:
The global education technology market size is expected to reach USD 348.41 billion by 2030, growing at a CAGR of 13.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to massive open online courses (MOOCs), the education technology (EdTech) industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating EdTech into the overall education system.
For instance, in January 2022, the Delhi government took the initiative to install 20,000+ smart classrooms in the school by installing 16 smart classrooms in Shaheed Amir Chand Sarvodaya Vidyalaya. The initiatives toward deploying smart classrooms enhance the teaching-learning process and let students access all online learning resources. The classrooms would have modern cameras installed for the live recording of sessions which teachers and students would further access for future needs.
The proliferation of smart devices and the continued rollout of internet connectivity drive the growth of the global education technology market. The growing awareness about the advantages of integrating the latest technologies in education systems is also contributing to the growth of the market. Developed economies, including the U.S., U.K., and Germany, are focusing on introducing innovative EdTech offerings, supporting education administration, reducing teacher workload, and engaging students and the community.
On the other hand, emerging economies focus on ensuring easy and convenient access to educational opportunities for the citizens. EdTech holds immense potential to ensure access to education for the rapidly growing population, particularly in emerging economies. For instance, in December 2022, Google LLC, an American multinational technology company unveiled Courses, a new feature that will strive to bring a structured learning experience on YouTube, a global online video-sharing and social media platform.
The education industry is on the cusp of a digital revolution. In the age of digitization and automation, conventional teaching methods are not the only available options for educating students. Advances in the latest technologies, such as AI, robotics, and AR/VR, and their potential integration into learning are anticipated to transform conventional teaching techniques.
For instance, in March 2022, 3RDFLIX Visual Effects Pvt. Ltd. (Practically), an EdTech firm, acquired Foradian Technologies. (Fedena) a school management software platform. This acquisition would let schools use collaborative and innovative tools for teaching, such as simulations, Augmented Reality, and 3D Videos for education. These cross-curricular learning opportunities can enable institutes and teachers to streamline resource commitments while encouraging students' knowledge development through practical and cross-curricular applications.
Education Technology Market Report Highlights:
- North America dominated the market in 2023, accounting for the largest share of global revenue. Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system toward online-based EdTech solutions
- The K-12 segment led the market in 2023 owing to the growing trend of game-based learning in the K-12 sector. Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings
- The business segment accounted for the largest share of the global revenue in 2023. The high share can be attributed to the increasing partnerships and collaborations done by various market players to expand their product portfolio and strengthen their position in the global market
- The hardware segment led the market in 2023. The widespread use of mobile devices and tablets is leading to the use of gamification and immersive learning in educational institutions for an interactive and enhanced learning experience
- The on-premises segment led the market in 2023, accounting for the highest share of global revenue owing to the reliability and scalability of usage in the EdTech market.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. K-12 Education Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Growing Investments In Education Technology Development
- 3.4.1.2. Growing Preference For Digital Learning
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. Risks Associated With Cyber Security
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.4.5. Key Small-Sized EdTech Companies, By Region/Country
- 3.4.6. Key Company Ranking Analysis, 2023
- 3.5. K-12 Education Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. EdTech Market: Sector Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. EdTech Market: Sector Movement Analysis, USD Million, 2023 & 2030
- 4.3. Preschool
- 4.3.1. Preschool Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. K-12
- 4.4.1. K-12 Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Higher Education
- 4.5.1. Higher Education Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. EdTech Market: End- User Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. EdTech Market: End-User Movement Analysis, USD Million, 2023 & 2030
- 5.3. Business
- 5.3.1. Business Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Consumer
- 5.4.1. Consumer Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. EdTech Market: Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. EdTech Market: Type Movement Analysis, USD Million, 2023 & 2030
- 6.3. Hardware
- 6.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Software
- 6.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.1.1. Classroom Management System
- 6.4.1.2. Document Management System
- 6.4.1.3. Learning and Gamification
- 6.4.1.4. Learning Management System
- 6.4.1.5. Student Collaboration System
- 6.4.1.6. Student Information and Administration System
- 6.4.1.7. Student Response System
- 6.4.1.8. Talent Management System
- 6.4.1.9. Test Preparation
- 6.5. Content
- 6.5.1. Content Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. EdTech Market: Deployment Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. EdTech Market: Deployment Movement Analysis, USD Million, 2023 & 2030
- 7.3. Cloud
- 7.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. On-Premises
- 7.4.1. On-Premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. EdTech Market: Regional Estimates & Trend Analysis
- 8.1. EdTech Market Share, By Region, 2023 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa EdTech Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. Blackboard Inc.
- 9.7.1.1. Participant's Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments
- 9.7.2. Byju's
- 9.7.2.1. Participant's Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments
- 9.7.3. Chegg, Inc.
- 9.7.3.1. Participant's Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments
- 9.7.4. Coursera, Inc.
- 9.7.4.1. Participant's Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments
- 9.7.5. Edutech
- 9.7.5.1. Participant's Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments
- 9.7.6. Edx, Inc
- 9.7.6.1. Participant's Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments
- 9.7.7. Google LLC
- 9.7.7.1. Participant's Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments
- 9.7.8. Instructure, Inc.
- 9.7.8.1. Participant's Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments
- 9.7.9. Microsoft
- 9.7.9.1. Participant's Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments
- 9.7.10. Udacity
- 9.7.10.1. Participant's Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments
- 9.7.11. Upgrad Education Private Limited
- 9.7.11.1. Participant's Overview
- 9.7.11.2. Financial Performance
- 9.7.11.3. Product Benchmarking
- 9.7.11.4. Recent Developments