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Global Education Technology Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 190 Pages I EMR Inc.
Global Education Technology Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global education technology market reached a value of USD 230.62 billion in 2023. Aided by the rapid advancements in digital technology and the burgeoning demand for personalised learning experiences, the market is projected to further grow at a CAGR of 9.5% between 2024 and 2032 to reach a value of USD 542.43 billion by 2032.
The EdTech industry encapsulates a broad spectrum of tools and platforms, ranging from Learning Management Systems (LMS) and online courses to virtual reality (VR) environments and artificial intelligence (AI)-powered educational solutions. These technologies have revolutionised traditional educational paradigms, facilitating a more interactive, engaging, and customised learning experience. AI, in particular, has emerged as a cornerstone of innovation in education, enabling adaptive learning systems that tailor content to meet the individual needs and learning pace of each student.
Several factors contribute to the burgeoning education technology market growth. Firstly, the global shift towards digital transformation has significantly influenced educational institutions to integrate technology into their teaching methodologies. This transition is further accelerated by the increasing accessibility of the internet and mobile devices, making digital learning tools more accessible to a wider audience.
As per the education technology market analysis, the growing recognition of lifelong learning and continuous professional development has spurred demand for online education and skill development platforms. Individuals seeking to enhance their knowledge and competencies in various domains increasingly turn to EdTech solutions, thereby fuelling market growth.
As the EdTech market continues to evolve, emerging technologies such as blockchain, augmented reality (AR), and the Internet of Things (IoT) are expected to introduce new dimensions to educational technology, thereby, influencing the education technology market outlook. These technologies hold the promise of further enhancing the interactivity, authenticity, and security of digital learning environments.
Moreover, the integration of EdTech in lifelong learning and corporate training programs is anticipated to expand, addressing the skills gap in various industries and fostering a culture of continuous learning and innovation.
The education sector stands at the cusp of a technological revolution, with EdTech playing a pivotal role in shaping the future of learning and teaching. As the market continues to grow, driven by technological advancements and the increasing demand for personalised and accessible education, the potential for transformative impact on learners, educators, and the broader society is immense. However, realising this potential requires navigating the challenges and leveraging the opportunities that lie ahead, ensuring that the benefits of educational technology are accessible to all.
Market Segmentation
The market can be divided based on component, deployment mode, end use, and region.
Market Breakup by Component
- Hardware
- Software
- Services
Market Breakup by Deployment Mode
- Cloud
- On-Premises
Market Breakup by End Use
- Government Organisation
- Academic Institution
o Pre School
o K-12
o Higher Education
o Others
- Enterprise
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global education technology market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
- Udacity, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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
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