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The global education technology market size was approximately USD 230.62 billion in 2023. The market is further projected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of USD 542.43 billion by 2032.
The combination of IT tools and instructional strategies intended to facilitate and improve learning is known as "edtech," or education technology. In order to enhance teaching and learning, educational technology is the subject of research, to look at the process of analysing, designing, developing, implementing, and evaluating the learning environment, learners, and the learning process. It gives educators the ability to involve their students in distinctive, creative, and fair ways.
Based on component, the market is divided into hardware, software, and services. On the basis of deployment mode, the market is segmented into cloud and on-premises.
Based on end use, the market is classified into government organisation, academic institution, and enterprise, among others. Academic institutions are sub-divided by type into pre school, K-12, and higher education, among others.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global education technology market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the education technology market analysis, cloud-based education platforms are gaining momentum due to the various advantages associated with their utilisation. A cloud-based education technology (EdTech) business can interact with the information and examine consumer and student preferences. The demand for remote learning and digital lesson plans has increased the value of IT systems, especially cloud-based platforms. By storing educational materials on a cloud platform, teachers and students can readily access them and do away with the requirement for physical textbooks. With a basic gadget and an internet connection, students can obtain all the required books and modules, and teachers can post course materials remotely. It also strengthens the consumer demand for personalised learning solutions.
North America holds a significant education technology market share due to the presence of leading edtech firms in the region, high acceptance rate of new technologies, and increasing spending power of consumers. An estimated USD 26 billion to USD 41 billion was spent on educational technology by K–12 schools in the United States in the year before the pandemic. Due to the altering nature of various job profiles, parents prefer the comfort and flexibility offered by remote teaching solutions, which contributes to the education technology market demand.
Chegg, Inc. is an American educational technology firm that offers online tutoring and textbook rentals—both physical and digital—homework assistance, among other student services. It provides a student-focused linked learning environment that enables students to take charge of their education in order to save time, money, and resources. The company has its shares listed on the New York Stock Exchange with ticker symbol CHGG (NYSE: CHGG).
Microsoft Corp. is one of the leading developers of computer applications and software. The company also publishes multimedia titles and books, offers e-mail services, electronic game systems, and hybrid tablet computers, among others. The company has its shares listed on the New York Stock Exchange with ticker symbol MSFT (NASDAQ: MSFT).
Coursera, Inc. is a massive open online courses platform that provide online courses, certificates, and degrees in a range of areas. Coursera also collaborates with colleges, among other educational institutions. The company has its shares listed on the New York Stock Exchange with ticker symbol COUR (NYSE: COUR).
Other players operating in the education technology market include Alphabet Inc., 2U Inc., Instructure Holdings Inc., Think & Learn Private Limited (Byju’s), SMART Technologies ULC, UpGrad Education Private Limited, and Udacity, Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Deployment Mode |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Education Technology Market Analysis
8.1 Key Industry Highlights
8.2 Global Education Technology Historical Market (2018-2023)
8.3 Global Education Technology Market Forecast (2024-2032)
8.4 Global Education Technology Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Education Technology Market by Deployment Mode
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Education Technology Market by End Use
8.6.1 Government Organisation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Academic Institution
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Market by Type
8.6.2.3.1 Pre School
8.6.2.3.2 K-12
8.6.2.3.3 Higher Education
8.6.2.3.4 Others
8.6.3 Enterprise
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Education Technology Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Education Technology Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Education Technology Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Education Technology Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Education Technology Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Education Technology Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Chegg Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alphabet Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 2U Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Instructure Holdings Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Coursera, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Think & Learn Private Limited (Byju’s)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SMART Technologies ULC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 UpGrad Education Private Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Udacity, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Education Technology Market: Key Industry Highlights, 2018 and 2032
2. Global Education Technology Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Education Technology Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Education Technology Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
5. Global Education Technology Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
6. Global Education Technology Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Education Technology Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Education Technology Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Education Technology Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Education Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Education Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Education Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Education Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Education Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Education Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Education Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Education Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Education Technology Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Education Technology Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Education Technology Market Structure
In 2023, the market reached an approximate value of USD 230.62 billion.
The market is expected to grow at a CAGR of 9.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 542.43 billion by 2032.
The market is being driven by the flexible and affordable nature of EdTech and provision of various online courses by renowned universities across the world.
The key trends guiding the market growth include advancements in technologies such as artificial intelligence, augmented reality and virtual reality, and the internet of things, and the increasing consumer demand for personalised learning solutions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant deployment modes include cloud and on-premises.
The major players in the market are Chegg Inc., Microsoft Corp., Alphabet Inc., 2U Inc., Instructure Holdings Inc., Coursera, Inc., Think & Learn Private Limited (Byju’s), SMART Technologies ULC, UpGrad Education Private Limited, and Udacity, Inc., among others.
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