+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Edtech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 138 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701122
Description Jump to:
The global edtech market size reached US$ 194.6 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 452.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.

Education technology (EdTech) refers to a technology that is used to deliver education on a virtual level. EdTech consists of hardware and software that are used to deliver education on a virtual level for the benefit of students and to improve their education outcomes. The use of technology for learning and teaching assists students in overcoming hurdles to obtaining a comprehensive education. Digital content is easier to generate than printed content, which has a higher production cost, and therefore eBooks are becoming increasingly popular among learners due to their cost efficiency, flexibility and portability. Additionally, listeners with disabilities can benefit from audio formats of educational content to improve their vocabulary and learn to read interpretively.

Edtech Market Trends:

The market is majorly driven by the paradigm shift in the adoption of touchscreen displays from projector-based displays to provide more student engagement. This can be attributed to the rapid digitization in the education sector. In addition to this, the rapid utilization of artificial intelligence (Al) and machine learning (ML) technologies for creating personalized eLearning experiences is creating a positive market outlook. Moreover, the expanding penetration of high-speed internet, along with the increasing sales of smart devices, is providing an impetus to the market. Increasing investments in online learning and distance learning programs due to their flexibility and real-time feedback are also impacting the market positively. The market is further propelled by the outbreak of COVID-19 leading to the rapid closure of educational institutions and the mandatory implementation of social distancing norms resulting in widespread digital learning via digital platforms. Some of the other factors that are contributing to the market include rapid urbanization, inflating disposable income levels, the emergence of 5G, and extensive research and development (R&D) activities.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global edtech market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on sector, type, deployment mode and end user.

Breakup by Sector:

  • Preschool
  • K-12
  • Higher Education
  • Others

Breakup by Type:

  • Hardware
  • Software
  • Content

Breakup by Deployment Mode:

  • Cloud-based
  • On-premises

Breakup by End User:

  • Individual Learners
  • Institutes
  • Enterprises

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 2U Inc., BYJU'S, Chegg Inc., Class Technologies Inc., Coursera Inc., Edutech, Google LLC (Alphabet Inc.), Instructure Inc., Lenovo Group Limited, SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.), Udacity Inc. and upGrad Education Private Limited.

Key Questions Answered in This Report

1. What was the size of the global edtech market in 2022?
2. What is the expected growth rate of the global edtech market during 2023-2028?
3. What are the key factors driving the global edtech market?
4. What has been the impact of COVID-19 on the global edtech market?
5. What is the breakup of the global edtech market based on the sector?
6. What is the breakup of the global edtech market based on the type?
7. What is the breakup of the global edtech market based on the deployment mode?
8. What is the breakup of the global edtech market based on the end user?
9. What are the key regions in the global edtech market?
10. Who are the key players/companies in the global edtech market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Edtech Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Sector
6.1 Preschool
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 K-12
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Higher Education
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Content
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 Cloud-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Individual Learners
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Institutes
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Enterprises
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 2U Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 BYJU'S
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Chegg Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Class Technologies Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Coursera Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Edutech
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Google LLC (Alphabet Inc.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 Instructure Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Lenovo Group Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Udacity Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 upGrad Education Private Limited
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Edtech Market: Major Drivers and Challenges
Figure 2: Global: Edtech Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Edtech Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Edtech Market: Breakup by Sector (in %), 2022
Figure 5: Global: Edtech Market: Breakup by Type (in %), 2022
Figure 6: Global: Edtech Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Edtech Market: Breakup by End User (in %), 2022
Figure 8: Global: Edtech Market: Breakup by Region (in %), 2022
Figure 9: Global: Edtech (Preschool) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Edtech (Preschool) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Edtech (K-12) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Edtech (K-12) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Edtech (Higher Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Edtech (Higher Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Edtech (Other Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Edtech (Other Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Edtech (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Edtech (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Edtech (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Edtech (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Edtech (Content) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Edtech (Content) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Edtech (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Edtech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Edtech (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Edtech (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Edtech (Individual Learners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Edtech (Individual Learners) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Edtech (Institutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Edtech (Institutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Edtech (Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Edtech (Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Edtech Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Edtech Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Edtech Industry: SWOT Analysis
Figure 83: Global: Edtech Industry: Value Chain Analysis
Figure 84: Global: Edtech Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Edtech Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Edtech Market Forecast: Breakup by Sector (in Million US$), 2023-2028
Table 3: Global: Edtech Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Edtech Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Edtech Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Edtech Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Edtech Market: Competitive Structure
Table 8: Global: Edtech Market: Key Players

Companies Mentioned

  • 2U Inc.
  • BYJU'S
  • Chegg Inc.
  • Class Technologies Inc.
  • Coursera Inc.
  • Edutech
  • Google LLC (Alphabet Inc.)
  • Instructure Inc.
  • Lenovo Group Limited
  • SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.)
  • Udacity Inc.
  • upGrad Education Private Limited

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages138
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 194.6 Billion
Forecasted Market Value ( USD ) by 2028 $ 452.4 Billion
Compound Annual Growth Rate15.1%
Regions CoveredGlobal
No. of Companies Mentioned12

Related Topics

Related Reports

EdTech and Smart Classrooms Global Market Opportunities and Strategies to 2032 - Product Image

EdTech and Smart Classrooms Global Market Opportunities and Strategies to 2032

  • Report
  • 340 Pages
  • Global
From
EdTech and Smart Classrooms Global Market Report 2024 - Product Image

EdTech and Smart Classrooms Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From
Global EdTech & Smart Classroom Market by Enabling Technology, Education System, Deployment Type, End-user - Forecast 2023-2030 - Product Image

Global EdTech & Smart Classroom Market by Enabling Technology, Education System, Deployment Type, End-user - Forecast 2023-2030

  • Report
  • 183 Pages
  • Global
From
Global EdTech Market - Outlook & Forecast 2023-2028 - Product Image

Global EdTech Market - Outlook & Forecast 2023-2028

  • Report
  • 374 Pages
  • Global
From
Global Corporate Edtech Market 2023-2027 - Product Image

Global Corporate Edtech Market 2023-2027

  • Report
  • 177 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.