Increasing demand for online learning is a key factor expected to drive global market growth during the forecast period.

The global EdTech market was valued at USD 268 billion in 2023 and is expected to register a robust revenue CAGR of 15.7% between 2024 and 2032. Key factors such as rapid adoption of digitization in the education sector, rapid advancements in digital technologies such as AI, VR, and AR, and the global shift towards online and remote learning are expected to drive global market growth going ahead.

Education technology, commonly known as EdTech is a trending education system that uses technology to enhance teaching and learning experiences. It involves the integration of several digital tools, hardware, software, and educational resources in the existing education system to improve educational outcomes and make learning more accessible and engaging.

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EdTech has been rapidly gaining traction during and after the COVID-19 outbreak. Many schools and educational institutes were engaging with their students virtually through various EdTech platforms.

Factors such as growing popularity of mobile learning solutions due to high usage of smartphones, government initiatives to promote digital education and rising investments in R&D activities are expected to boost global market growth.

However, infrastructure challenges and lack of awareness about EdTech in many developing economies, inadequate training staff, and resistance to change among many parents and educators are some key factors that may hamper market growth during the forecast period.

Key Highlights of the Report:

  • The K-12 segment is expected to account for largest revenue share during the forecast period. This can be due to high adoption of online and remote learning across many schools during and after the COVID-19 pandemic, introduction of digital textbooks and online assessment tools for students from kindergarten to 12th grade, and rising demand for advanced EdTech platforms for conducting live or recorded online classes.
  • Asia Pacific is expected to register a significantly larger revenue CAGR over the forecast period attributed to increasing adoption of digitalization in the education sector, government initiatives to support EdTech, and high focus on enhancing skills and workforce training.

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Some Leading Market Companies Listed in the Report:

Coursera, PowerSchool, Udemy, Yuanfudao, VIPKid, 17zuoye, 2U, Genshuixue, iTutorGroup, Civitas Learning, Newsela, Guild Education, Dreambox Learning, Echo360, Duolingo, Knewton. Zuoyebang, HuJiang, Age of Learning, Udacity, Blackboard, BYJU’S, and Chegg are some of the leading companies in the global EdTech market.

EdTech Industry Recent Developments:

  • In April 2023, Echo360, the most comprehensive, global SaaS-based EdTech platform announced the launch of EchoPoll, a revolutionary new learning engagement platform for business and education.

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The global EdTech market is segmented on the basis of type, sector, deployment, end users and region:

By Type:

  • Hardware
  • Software
  • Content

By Sector:

  • Preschool
  • K-12
  • Higher Education
  • Others

By Deployment:

  • Cloud-based
  • On-premise

By End Users:

  • Individual Learners
  • Institutes
  • Enterprises

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

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