openPR Logo
Press release

Education Technology Market was valued USD 72 billion in 2019 and will Grow at a CAGR of 16.6% | Size, Share, Growth & Global Report

09-17-2022 06:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Education Technology Market

Education Technology Market

Education Technology Market

The Education Technology Market was estimated around USD 72 billion in 2019 and is expected to grow at a CAGR of 16.6% over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/educational-technology-market-analysis-edtech-industry-research/

The factors driving the growth of Education Technology Market includes increasing penetration of smart devices, introduction of advanced interactive whiteboards, rise in the number of EdTech start-ups around the world and expansion of E-Learning industry. According to the report published by Statista, the Global E-Learning Market was calculated around USD 200 billion in 2019 and is expected to reach USD 400 billion by the end of 2026, which will accelerate the market growth in the approaching years. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT), availability of digital books around the world, rise in Government expenditure on the Education sector and rapid urbanization, are some of the additional factors supplementing the Global Education Technology Market. According to the report published by India Today, the budget allocated by the Indian Government on Education sector was estimated around INR 1,04,278 crore for 2022, showing an increase of INR 11,054 crore, which will boost the Education Technology Market size in the coming years.

However, the growth of Education Technology Market is hindered attributed to high cost of software and general learning packages.

The prominent players operating in the market are Instructure, Inc., Microsoft, Udacity, Inc., BYJU'S, Blackboard Inc., Coursera Inc., UpGrad Education Private Limited., Edutech, EdX Inc., and Google Inc., among others.

Based on Sector, the K-12 segment is predicted to capture the largest market share during the forecast period

Education technology provides substantial amount of information to K-12 students and enables parents to track the learning process of children along with gamification initiatives taken by schools, are some of the factors responsible for the segment's growth.

Based on Type, the General Learning segment is projected to lead the market over the forecast period

Rise in the number of digital classrooms and growing adoption of laptops and desktops, are propelling the segment's growth.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

As per the Education Technology Market Report, rise in the number of EdTech companies, rise in Government budget allocation on the Education sector, improvements in the internet connectivity, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Development

In 2020, BYJU'S officially introduced online private tuition classes which will provide students, access to scheduled online classes from leading teachers.

Market Segmentation

Segmentation by Sector

Preschool
K-12
Others

Segmentation by Type

General Learning
Gamification
Analytics
Management Courses
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Education Technology Market was valued USD 72 billion in 2019 and will Grow at a CAGR of 16.6% | Size, Share, Growth & Global Report here

News-ID: 2738655 • Views: 678

More Releases from GMI Research

Telecom Cloud Market earned USD 19.1 Billion in 2020 and anticipated to reach US …
Telecom Cloud Market reached USD 19.1 Billion in 2020 and is projected to reach USD 95.6 Billion in 2028, the market is growing at a CAGR of 22.3% till 2028. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/telecom-cloud-market/ Key Drivers The factors proliferating the Telecom Cloud Market includes rising number of internet mobile subscriptions, inclination towards cloud computing services over land line services and growing demand for information infrastructure services. Increasing
Graphene Battery Market is estimated to reach USD 545 million in 2028, registeri …
Graphene Battery Market was valued at USD 73 million in 2020, and is estimated to reach USD 545 million in 2028, increasing at a higher CAGR of 28.5% during 2020-2028. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/graphene-battery-market/ The factors driving the growth of Graphene Battery Market includes growing demand for graphene batteries in Automotive, consumer electronics and power sector, increasing investments on research and development for enhancing the lithium-ion
Social Media Analytics Market is estimated to touch USD 21.6 billion in 2029, re …
Social Media Analytics Market was valued at USD 4.2 billion in 2021 and is estimate to reach USD 21.6 billion in 2029 growing at a CAGR of 22.7% For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/social-media-analytics-market-analysis-industry-research/ The factors driving the growth of Social Media Analytics Market includes the increasing demand for business intelligence tools, increasing number of smartphones, growing focus by businesses on collecting customer feedback and proliferation of social
GCC Construction Chemical Market is Predicted to Expand at a Promising CAGR duri …
The GCC Construction Chemical Market is estimated to grow at a robust CAGR over the forecast period (2022-2029). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/gcc-construction-chemical-market/ The factors driving growth of the GCC Construction Chemical Market includes increasing focus of Governments on reducing their dependency on oil and gas sector, emerging need to repair the ageing buildings, rise in the number of smart cities and improvements in the living standards.

All 5 Releases


More Releases for Education

Education & Training Market is Booming Worldwide | Creative Education, Apollo Ed …
Latest published market study on Global Education & Training Market provides an overview of the current market dynamics in the Education & Training space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are
Online Higher Education Market Next Big Thing | Major Giants American Public Edu …
A New business Strategy report released by HTF MI with title Global Online Higher Education Market Study Forecast till 2026 . This Global Online Higher Education market report brings data for the estimated year 2020 and forecasted till 2026 in terms of both, value (US$ MN) and volume (MT). The report also consists of forecast factors, macroeconomic factors, and a market outlook of the Online Higher Education market. The study
Global Online Higher Education Market Attractiveness, Competitive Landscape and …
Online Higher Education Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Online Higher Education Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three
Bilingual School Education Market to Perceive Biggest Trend and Opportunity with …
Bilingual education involves teaching academic content in two languages, in a native and secondary language with varying amounts of each language used in accordance with the program model. Bilingual education refers to the utilization of two languages as means of instruction for students and considered part of or the entire school curriculum. Some of the prominent models are: Early-exit / Late-exit transitional bilingual education Developmental or maintenance bilingual education Bilingual immersion Integrated (i.e., non-segregated)
Global Private Tutoring Market 2019-2025: Ambow Education, New Oriental, TAL Edu …
The Research Report, Global Private Tutoring Market Size, Status and Forecast 2018-2025, recently published by QY Market Insights carries details related to fundamental Private Tutoring overview to arrange a progressive and comprehensive international strategies of market statistics. The study insights of this report include the intensive analysis of global market with categorization by product type, end-use applications, market top contributors, and leading niches. The analysis projects the market features which
Online Higher Education Market 2018-2022 Analysis by Major Companies: American P …
The report on Global Online Higher Education Market, documents a detailed study of different aspects of the Global Online Higher Education Market. It shows the steady growth in market in spite of the fluctuations and changing market trends. In the past four years the Global Online Higher Education Market has grown to a booming value of $xxx million and is expected to grow more. Every market intelligence report is based on