The global edtech market is predicted to soar at a remarkable 14.3% CAGR between 2024 and 2034, from its projected worth of U$ 108.246 billion in 2024. By 2034, the total value of the global educational technology market is projected to hit US$ 411.566 billion.
Since there is a growing need for online learning solutions, the EdTech market is expected to expand significantly. Gamification, AI-driven technologies, and personalized learning are vital education technology market trends.
The educational technology market is expanding due to government initiatives, growing investments in EdTech providers, and the incorporation of augmented and virtual reality. As education becomes digital and accessible, the edtech market is predicted to continue growing, offering chances for innovation and a shift in how knowledge is obtained and taught.
Attributes | Details |
---|---|
Market Value for 2024 | U$ 108.246 billion |
Market Value for 2034 | U$ 411.566 billion |
Market CAGR from 2024 to 2034 | 14.3% |
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Attributes | Details |
---|---|
Market Value for 2019 | US$ 58.67 billion |
Market Value for 2023 | US$ 95.13 billion |
Market CAGR from 2019 to 2023 | 12.8% |
The segmented market analysis of EdTech is included in the following subsection. Based on comprehensive studies, the hardware sector is leading the component category, and the academic institution segment is commanding the end-user category.
Attributes | Hardware |
---|---|
Market Share (2024) | 42.8% |
Attributes | Academic Institution |
---|---|
Market Share (2024) | 45.0% |
The edtech market can be observed in the subsequent tables, which focus on the leading economies in Germany, Japan, China, the United States, Australia, and New Zealand. A comprehensive evaluation demonstrates that Australia and New Zealand have enormous opportunities.
Country | Australia and New Zealand |
---|---|
CAGR (2024 to 2034) | 22.7% |
Nation | Japan |
---|---|
CAGR (2024 to 2034) | 17.8% |
Nation | China |
---|---|
CAGR (2024 to 2034) | 13.5% |
Nation | Germany |
---|---|
CAGR (2024 to 2034) | 12.4% |
Nation | United States |
---|---|
CAGR (2024 to 2034) | 11.2% |
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Key edtech vendors in the competitive landscape are advancing innovation and influencing the direction of education. Leading edtech manufacturers providing a wide range of global solutions to learners include Chegg, Coursera, and Blackboard Inc.
Plaetzi, PlelQ, and Digital House, each contributing their methods to meet different educational demands. Through their edtech platforms, Agenda Edu and UOL improve accessibility and engagement. Crehana and Smart Technologies broaden the selection with their specialist services and tools.
Important roles are played by EdX, Microsoft, and Oracle Corporation, which use their technology know-how to revolutionize education. Notable edtech providers that offer specialized services and solutions are Hurix Digital and E-Zest Solutions Ltd.
Conventional learning environments are revolutionized by Touch IT Technologies and Promethan World's unique classroom solutions. SIMA E-learning broadens the scope of educational opportunities by incorporating a global perspective.
These producers work together and compete to shape the Edtech industry. Their combined efforts open the door for a more promising future for education by promoting creativity, accessibility, and diversity in the field.
These major edtech vendors continue to be at the forefront, influencing millions of people's educational experiences as the market expands and changes.
Notable Advancements and Breakthroughs
Company | Details |
---|---|
Baims | Baims, a Kuwaiti EdTech company, purchased Egyptian online tutoring startup Orcas in January 2024. Through the acquisition, Baims hopes to become more well-known and increase its services by adding individualized one-on-one teaching and pre-recorded courses. |
EchoPollTM | The EdTech SaaS platforms EchoPollTM for interactive polling, ExamViewTM with expanded assessment features, and EchoVideoTM with improved editing tools and accessibility were announced by Echo360 in April 2023. With a focus on interaction, these releases seek to revolutionize the educational process and solidify Echo360's leadership in the EdTech space. |
Finnish Global Education Solutions Oy | Finnish Global Education Solutions Oy and Indian ed-tech platform Stones2Milestones joined in November 2023. The cooperation intends to concentrate on developing cutting-edge technological solutions for wider worldwide application and integrating the Finnish learning paradigm into Indian schools, with an emphasis on teacher professional development. |
Teachmint Technologies Pvt. Ltd. | An online software for teachers and students called Teachmint Technologies Pvt. Ltd. purchased MyClassCampus, an ERP platform for educational institutions, in January 2022. |
BYJU'S | To improve consistency in online learning for instructors and students alike, BYJU'S, an EdTech startup offering online tuition, teamed up with Google LLC in June 2021. Due to this collaboration, educational establishments can now provide students with a customized digital classroom management platform. |
The education technology market to secure a valuation of U$ 108.246 billion in 2024.
The education technology market is estimated to reach US$ 411.566 billion by 2034.
Through 2034, the education technology industry is anticipated to expand at a 14.3% CAGR.
From 2019 to 2023, the education technology market recorded a 12.8% CAGR.
The hardware sector is set to achieve a market share of 42.80% in 2024.
A 45.0% market share is expected for the academic institution sector in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034
5.3.1. Hardware
5.3.1.1. Interactive White Board
5.3.1.2. AR/VR Devices
5.3.1.3. Projectors
5.3.1.4. Webcasting Devices
5.3.1.5. Others
5.3.2. Software
5.3.2.1. Learning Management System Platform
5.3.2.2. Virtual Classroom Software
5.3.2.3. Others
5.3.3. Services
5.3.3.1. Managed Learning Services
5.3.3.2. Learning & Content Management
5.3.3.3. Consulting
5.3.3.4. Integration & Implementation
5.3.3.5. Support & Maintenance
5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034
6.3.1. Government Organization
6.3.2. Academic Institution
6.3.2.1. K-12
6.3.2.2. College Universities
6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034
7.3.1. Cloud Based
7.3.2. On-Premises
7.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By End User
9.2.4. By Deployment
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By End User
9.3.4. By Deployment
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By End User
10.2.4. By Deployment
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By End User
10.3.4. By Deployment
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Component
11.2.3. By End User
11.2.4. By Deployment
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By End User
11.3.4. By Deployment
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Component
12.2.3. By End User
12.2.4. By Deployment
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By End User
12.3.4. By Deployment
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Component
13.2.3. By End User
13.2.4. By Deployment
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By End User
13.3.4. By Deployment
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Component
14.2.3. By End User
14.2.4. By Deployment
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By End User
14.3.4. By Deployment
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Component
15.2.3. By End User
15.2.4. By Deployment
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By End User
15.3.4. By Deployment
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Component
16.1.2.2. By End User
16.1.2.3. By Deployment
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Component
16.2.2.2. By End User
16.2.2.3. By Deployment
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Component
16.3.2.2. By End User
16.3.2.3. By Deployment
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Component
16.4.2.2. By End User
16.4.2.3. By Deployment
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Component
16.5.2.2. By End User
16.5.2.3. By Deployment
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Component
16.6.2.2. By End User
16.6.2.3. By Deployment
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Component
16.7.2.2. By End User
16.7.2.3. By Deployment
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Component
16.8.2.2. By End User
16.8.2.3. By Deployment
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Component
16.9.2.2. By End User
16.9.2.3. By Deployment
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Component
16.10.2.2. By End User
16.10.2.3. By Deployment
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Component
16.11.2.2. By End User
16.11.2.3. By Deployment
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Component
16.12.2.2. By End User
16.12.2.3. By Deployment
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Component
16.13.2.2. By End User
16.13.2.3. By Deployment
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Component
16.14.2.2. By End User
16.14.2.3. By Deployment
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Component
16.15.2.2. By End User
16.15.2.3. By Deployment
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Component
16.16.2.2. By End User
16.16.2.3. By Deployment
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Component
16.17.2.2. By End User
16.17.2.3. By Deployment
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Component
16.18.2.2. By End User
16.18.2.3. By Deployment
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Component
16.19.2.2. By End User
16.19.2.3. By Deployment
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Component
16.20.2.2. By End User
16.20.2.3. By Deployment
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Component
16.21.2.2. By End User
16.21.2.3. By Deployment
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Component
16.22.2.2. By End User
16.22.2.3. By Deployment
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Component
16.23.2.2. By End User
16.23.2.3. By Deployment
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Component
17.3.3. By End User
17.3.4. By Deployment
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. BYJU'S
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Blackboard Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Chegg, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Coursera Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Edutech
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. edX LLC
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Google LLC
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Instructure, Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Microsoft
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Udacity, Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. upGrad Education Private Limited
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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