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Educational Technology Market Size, Companies Analysis, Share, Key Players, Growth And Forecast To 2032
Educational Technology Market Analysis
The Business Research Company's Educational Technology Global Market Report 2023 identifies growing demand for online educational platforms as the major driver for the educational technology market's growth in the forecast period. Online educational platforms are digital platforms that offer a variety of educational resources, courses, and tools to facilitate learning outside of traditional classroom settings. Technology in education allows a shift from static learning materials to more dynamic interactive media content. On online education platforms, students and teachers can report and analyze progress based on each other's performance with the help of educational technology.
The global educational technology market is expected to grow from $126.72 billion in 2022 to $146.28 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The educational technology market is expected to reach $257.03 billion in 2027 at a CAGR of 15.1%.
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Major competitors in the educational technology market are Instructure Inc., Microsoft Corporation, Alphabet Inc., IBM Corporation, Oracle Corporation, Pearson PLC, upGrad Education Private Limited, Blackboard Inc.
A key trend in the educational technology market includes technological advancement. Major companies operating in the educational technology market are adopting new technologies to sustain their position in the market. For instance, in April 2023, The International Information System Security Certification Consortium, a US-based non-profit organization, launched an AI-based self-paced CISSP (Certified Information Systems Security Professional) Readiness Education. This innovative learning experience leverages artificial intelligence to provide individualized learning tailored to each participant's knowledge level within the CISSP Common Body of Knowledge. The AI adapts the education based on targeted assessments, gauging the individual's competence and confidence for each topic and addressing knowledge gaps or deficiencies. This AI-driven solution enhances CISSP certification preparation and exemplifies the use of evolving technological innovations, such as AI, to improve the cybersecurity workforce. The cybersecurity industry can reduce burnout, enhance efficiency, and foster knowledge sharing by embracing AI. The new learning experience offers interactive study materials, robust search capabilities, an analytics dashboard, and email support for additional assistance.
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The educational technology market is segmented -
1) By Type: Hardware, Software, Content
2) By Sector: Preschool, K-12, Higher Education, Other Sectors
3) By End-User: Business, Consumer
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the educational technology market.
The Business Research Company's "Global Educational Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Educational Technology Market Include:
1. Executive Summary
2. Educational Technology Market Characteristics
3. Educational Technology Market Trends And Strategies
4. Educational Technology Market - Macro Economic Scenario
5. Global Educational Technology Market Size and Growth
……….
32. Global Educational Technology Market Competitive Benchmarking
33. Global Educational Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Educational Technology Market
35. Educational Technology Market Future Outlook and Potential Analysis
36. Appendix
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