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Global Educational Technology Market: Projected Market Size, Growth Rate, Drivers, and Forecast for 2024-2029
Educational Technology Market Size
What Is The Projected Market Size Of The Global Educational Technology Market And Its Growth Rate?
The educational technology market exhibits an impressive growth trajectory.
• The market size was $165.11 billion in 2024.
• It is projected to reach $188.31 billion in 2025, growing at a CAGR of 14.0%.
• By 2029, the market size is expected to expand to $356.83 billion with a CAGR of 17.3%.
What Is Driving The Growth In The Educational Technology Market?
The surge in the demand for online educational platforms is a key driver for the educational technology market. These platforms offer various educational resources, courses, and tools which aid in learning beyond traditional classroom settings. Interactive media content has replaced static learning materials due to the advent of technology in education. Online platforms facilitate the evaluation of progress by students and teachers based on mutual performance. As per the World Economic Forum, the online learning platform Coursera witnessed a rise in registered users from 71 million in 2020 to 92 million in 2022. This increasing demand for online platforms is propelling the growth of the educational technology market.
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Who Are the Key Players Driving Educational Technology Market Growth?
Key players driving the growth of the educational technology market are:
• Instructure Inc.
• Microsoft Corporation
• Alphabet Inc.
• IBM Corporation
• Oracle Corporation
• Pearson PLC
• upGrad Education Private Limited
• Blackboard Inc.
• Udemy Inc.
• Coursera Inc.
• Promethean World Ltd.
• Smart Technologies
• Outschool
• Byju's
• Udacity Inc.
• Chegg Inc.
• E-Zest Solutions Ltd.
• Kahoot!
• Hurix Digital
• edX Inc.
• TutorMe
• Codecademy
• Nearpod
• Quizlet
• Edmentum Inc.
• Khan Academy
• BrainPOP
• Knewton Inc.
What Are The Key Trends In The Educational Technology Market?
Key trends defining the future of the educational technology market include:
• Advances in educational software and applications
• Technological advancements in hardware devices for education
• Integration of virtual and augmented reality in education
• Development of AI-driven educational chatbots and virtual assistants
• Integration of blockchain for secure academic credentialing
What Are The Segments Of The Global Educational Technology Market?
The global 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
Which Region Leads The Educational Technology Market?
In 2024, North America held the largest share in the educational technology market. However, Asia-Pacific is expected to witness the fastest growth during the forecast period. The educational technology market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Educational Technology Market Global Market Report?
- Market Size Analysis: Analyze the Educational Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Educational Technology Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Educational Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Educational Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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