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EdTech Market (Sector - Preschool, K-12, and Higher Education; Type - Hardware, Software, and Content; End User - Business, and Consumer): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : July, 2021

  • Rep Id : ICT00262

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the EdTech market provides an in-depth analysis of segments and sub-segments in the global as well as regional EdTech market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional EdTech market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global EdTech market. According to the report, the global EdTech market is projected to grow at a CAGR of 17% over the forecast period of 2021-2027.

 

Market Insight

The global EdTech market was valued at around USD 97 Billion in 2021 and is expected to reach upto 218 billion in 2027, growing with a CAGR of around 17% over the projection period. EdTech is the practice of introducing IT tools into the classroom to create a more attractive, comprehensive, and individualized learning experience. Nowadays classrooms have moved beyond the heavy desktop computers that were once the standard and are now tech-infused with tablets, interactive online courses, and even robots that can take notes and record lectures for learners who are ill. Furthermore, the potential for scalable individualized learning has played an essential role in EdTech's ascendance. The way we learn, how we interact with classmates and teachers, and our overall passion for the same subjects is not a one-size-fits-all condition. EdTech tools make it easier for teachers to create individualized lesson plans and learning experiences that foster a sense of inclusivity and increase the learning capabilities of all students, no matter their age or learning capabilities.

 

Digital technology can increase access to education. Learners are progressively shifting toward eBooks that can be accessed online from anywhere across the world. Digital content is relatively easy to generate than printed content, which tends to incur higher production costs. Moreover, digital books are available in different languages and can be easily translated and retrieved by a broader user base. Additionally, learners, particularly with physical disabilities, can listen to the educational content in an audio format to improve their vocabulary and inspire better interpretive reading. EdTech solutions are anticipated to evolve in line with the advances in the latest technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR), and Virtual Reality (VR), and contribute considerably to the market growth. On the other hand, risks associated with cybersecurity will hinder market growth in the near future.

 

The North American region is expected to dominate the global EdTech market during the forecast period. The regional market will retain its dominance throughout the forecast period owing to the plenty of investments from venture capitalists and private-equity investors in the EdTech sector in the United States and Canada. Furthermore, Asia Pacific is the fastest-growing region in the EdTech market in the near future. The growth in this Asia Pacific region can be accredited to the increasing usage of the internet and smart devices among the masses. In recent times, emerging countries, such as India and China, have witnessed a wave of affordable broadband connectivity, resulting in various companies reaching out to the population.

 

EdTech Market


Segment Covered

The report on the global EdTech market covers segments such as sector, type, and end user. On the basis of sector, the sub-markets include preschool, k-12, and higher education. On the basis of type, the sub-markets include hardware, software, and content. On the basis of end user, the sub-markets include business, and consumer.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BYJU’S, Blackboard, Inc., Chegg, Inc., Coursera, Inc., Edutech, edX Inc., Google LLC, Instructure, Inc., upGrad Education Pvt. Ltd., and Udacity, Inc..

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the EdTech market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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