Registering a y-o-y growth of 13.4%, the Latin America EduTech industry size reached US$ 5,729.9 million in 2023. Demand for EduTech solutions in Latin America is set to expand at 14.5% CAGR, resulting in a total valuation increasing from US$ 6,513.6 million in 2024 to US$ 25,286.6 million by 2034.
Rapid digital transformation across Latin America is putting the EduTech industry into the spotlight, and this trend is expected to continue through 2034. EduTech solutions are changing the way of education as they offer several advantages for students, educators, and the education system.
Latin America EduTech Industry Insights
| Attributes | Key Insights |
|---|---|
| Base Value (2023) | US$ 5,729.9 million |
| Estimated Latin America EduTech Industry (2024) | US$ 6,513.6 million |
| Projected EduTech Industry Revenue in Latin America (2034) | US$ 25,286.6 million |
| Value CAGR (2024 to 2034) | 14.5% |
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The EduTech industry in Latin America experienced a CAGR of 13.0% from 2019 to 2023. Total valuation at the end of 2023 reached about US$ 5,729.9 million. This was mainly due to increased popularity of remote learning.
The COVID-19 pandemic led to a rapid adoption of digital tools and online learning methods during the historical period. Similarly, a focus on skills development, especially mobile learning and language acquisition, increased popularity of EdTech in Latin America.
Certain challenges like limited digital infrastructure and low internet access, however, affected the pace of adoption, especially in remote areas. Overall, Latin America witnessed tremendous growth in the EduTech industry, reflecting education's transformation through technology integration.
In the assessment period, the Latin America EdTech industry is expected to rise at a CAGR of 14.5% from 2024 to 2034. Total revenue in the region will likely reach US$ 25,286.6 million by the end of 2034.
The EduTech industry is expected to expand further due to increasing government support and growing awareness of the importance of technology in education. Innovations in mobile learning and growing demand for personalized learning pathways will shape the landscape.
Digital infrastructure challenges are expected to be addressed progressively, leading to greater adoption of EduTech in Latin America, especially in remote and underserved areas. Overall, the Latin America EduTech industry is poised for dynamic growth, offering opportunities for providers and students in the coming years.
Semi-annual Update
| Particular | Value CAGR |
|---|---|
| H1 | 13.8% (2023 to 2033) |
| H2 | 14.1% (2023 to 2033) |
| H1 | 12.5% (2024 to 2034) |
| H2 | 12.8% (2024 to 2034) |
The table below showcases the CAGRs of two leading countries in Latin America’s EduTech industry. Mexico is estimated to witness a CAGR of 18.1% from 2024 to 2034. Argentina, on the other hand, is anticipated to record growth at a CAGR of 16.2% through 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Mexico | 18.1% |
| Argentina | 16.2% |
Mexico’s EduTech industry is projected to expand with a CAGR of 18.1%, totaling a high valuation of US$ 7,289.4 million in 2034. This can be attributed to rising adoption of digital learning tools in the country.
As per the latest analysis, Argentina EduTech industry value is anticipated to total US$ 5,469.6 million in 2034, registering at a CAGR of 16.2%. This is due to ongoing digital transformation in education and rising demand for digital learning solutions.
The section below highlights growth projections of top segments in Latin American digital education industry. Based on component, the software segment is expected to generate significant revenue for EduTech companies in Latin America, exhibiting a CAGR of 16.5% through 2034. By end-users, the academic institution segment will likely grow at a higher CAGR of 16.4%.
Growth Outlook by Component
| By Component | Value CAGR |
|---|---|
| Hardware | 12.7% |
| Software | 16.5% |
| Services | 14.5% |
As per the latest analysis, the software segment is expected to dominate the Latin America EduTech industry during the forecast period. It will likely thrive at a CAGR of 16.5%, totaling a valuation of US$ 10,325.2 million by 2034.
Growth Outlook by End-user
| End-user | Value CAGR |
|---|---|
| Government Organization | 14.2% |
| Academic Institution | 16.4% |
| Enterprises | 12.2% |
| Others | 10.7% |
Based on end-user, the academic institution segment is expected to grow at a robust CAGR of 16.4% during the forecast period. It will likely generate revenue worth US$ 12,863.7 million by 2034.
Key players are focusing on providing tailored EduTech solutions to meet the specific needs of their clients. They are adopting different strategies to boost their revenue and strengthen their presence in Latin America.
Key Strategies Adopted by Leading Players
The pandemic has resulted in a significant increase in the Latin American e-learning marketplaces, which is expected to continue long after the viral issue has been overcome. Government initiatives to set up sophisticated learning systems are encouraging the migration of many global players to Latin America
Top EduTech solution providers are constantly launching new products and platforms to stay ahead of the competition. For instance, recently, Chegg launched a new platform for educators. The new platform will be able to share educational content with millions of learners. Such development ultimately helps students in Latin America as well.
Top companies focus on inorganic growth strategies such as partnerships and collaborations to expand their presence in Latin America.
Latin America EduTech industry expansion reflects the growing demand for innovative education solutions and highlights the industry’s commitment to diversity in underserved populations. Entering emerging regions highlights EdTech’s ability to address educational gaps and contribute to inclusive learning opportunities in Latin America.
Several companies are also adopting strategies like mergers and acquisitions to strengthen their footprint across Latin America.
Key Developments in the Latin America EduTech Industry
| Attribute | Details |
|---|---|
| Estimated Value (2024) | US$ 6,513.6 million |
| Projected Revenue (2034) | US$ 25,286.6 million |
| Anticipated Growth Rate (2024 to 2034) | 14.5% CAGR |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | Revenue in US$ million and CAGR from 2024 to 2034 |
| Segments Covered |
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| Regions Covered |
Latin America |
| Key Countries Covered |
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| Key Companies Profiled |
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| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The Latin America EduTech industry is estimated to total US$ 6,513.6 million in 2024.
The EduTech industry size in Latin America is projected to reach US$ 25,286.6 million by 2034.
Demand in Latin America is set to grow at 14.5% CAGR through 2034.
Academic institutions are expected to emerge as leading end-users.
Mexico is expected to rise with a CAGR of 18.1% through 2034.
Coursera, Blackboard Inc. (Anthology), Digital House, Agenda Edu, and UOL EduTech.
1. Executive Summary 1.1. Latin America Industry Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Industry Overview 2.1. Industry Coverage / Taxonomy 2.2. Industry Definition / Scope / Limitations 3. Pricing Analysis 3.1. Types of Pricing Models 3.1.1. Subscription Model 3.1.2. Pay-as-you-go Model 3.1.3. Perpetual License (One-time fee) 3.2. Average Pricing Analysis Benchmark 4. Industry Demand (in Value in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Industry Value (US$ million) Analysis, 2019 to 2023 4.2. Current and Future Industry Value (US$ million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Background 5.1. Macro-Economic Factors 5.2. Forecast Factors - Relevance & Impact 5.3. Value Chain Analysis 5.4. COVID-19 Crisis - Impact Assessment 5.4.1. Current Statistics 5.4.2. Short-Mid-Long Term Outlook 5.4.3. Likely Rebound 5.5. Industry Dynamics 5.5.1. Drivers 5.5.2. Restraints 5.5.3. Opportunities 6. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 6.1. Introduction / Key Findings 6.2. Historical Industry Size (US$ million) Analysis By Component, 2019 to 2023 6.3. Current and Future Industry Size (US$ million) Analysis and Forecast By Component, 2024 to 2034 6.3.1. Hardware 6.3.1.1. Interactive Whiteboard 6.3.1.2. AR/VR Devices 6.3.1.3. Smart Projectors 6.3.1.4. Webcasting Devices 6.3.1.5. Others 6.3.2. Software 6.3.2.1. Learning Management System Platform 6.3.2.2. Virtual Classroom Software 6.3.2.3. Others 6.3.3. Services 6.3.3.1. Professional Services 6.3.3.1.1. Learning & Content Management 6.3.3.1.2. Consulting 6.3.3.1.3. Integration & Implementation 6.3.3.1.4. Support & Maintenance 6.3.3.2. Managed Learning Services 6.4. Industry Attractiveness Analysis By Component 6.5. Industry Attractiveness Analysis 7. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 7.1. Introduction / Key Findings 7.2. Historical Industry Size (US$ million) Analysis By End User, 2019 to 2023 7.3. Current and Future Industry Size (US$ million) Analysis and Forecast By End User, 2024 to 2034 7.3.1. Government Organization 7.3.2. Academic Institution 7.3.2.1. K-12 7.3.2.2. College Universities 7.3.3. Enterprises 7.3.3.1. SMEs 7.3.3.2. Large Enterprises 7.3.4. Others 7.4. Industry Attractiveness Analysis By End User 8. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Country 8.1. Introduction 8.2. Historical Industry Size (US$ million) Analysis By Country, 2019 to 2023 8.3. Current and Future Industry Size (US$ million) Analysis and Forecast By Country, 2024 to 2034 8.3.1. Brazil 8.3.2. Mexico 8.3.3. Argentina 8.3.4. Chile 8.3.5. Colombia 8.3.6. Peru 8.3.7. Rest of Latin America 8.4. Industry Attractiveness Analysis By Country 9. Brazil Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 9.1. Introduction 9.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 9.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 9.3.1. By Component 9.3.2. By End User 9.4. Industry Attractiveness Analysis 9.4.1. By Component 9.4.2. By End User 10. Mexico Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 10.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 10.3.1. By Component 10.3.2. By End User 10.4. Industry Attractiveness Analysis 10.4.1. By Component 10.4.2. By End User 11. Argentina Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 11.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 11.3.1. By Component 11.3.2. By End User 11.4. Industry Attractiveness Analysis 11.4.1. By Component 11.4.2. By End User 12. Chile Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 12.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 12.3.1. By Component 12.3.2. By End User 12.4. Industry Attractiveness Analysis 12.4.1. By Component 12.4.2. By End User 13. Colombia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 13.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 13.3.1. By Component 13.3.2. By End User 13.4. Industry Attractiveness Analysis 13.4.1. By Component 13.4.2. By End User 14. Peru Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 14.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 14.3.1. By Component 14.3.2. By End User 14.4. Industry Attractiveness Analysis 14.4.1. By Component 14.4.2. By End User 15. Rest of Industry Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Industry Size (US$ million) Analysis By Industry Taxonomy, 2019 to 2023 15.3. Current and Future Industry Size (US$ million) Forecast By Industry Taxonomy, 2024 to 2034 15.3.1. By Component 15.3.2. By End User 15.4. Industry Attractiveness Analysis 15.4.1. By Component 15.4.2. By End User 16. Industry Structure Analysis 16.1. Industry Analysis by Tier of Companies 16.2. Industry Share Analysis of Top Players 16.3. Industry Presence Analysis, Regional footprint by Players 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Deep Dive (Major Vendors) 17.2.1. Chegg, Inc. 17.2.1.1. Business Overview 17.2.1.2. Component Portfolio and Strengths 17.2.1.3. Industry Coverage 17.2.1.4. Go-to-industry Approach & Strategies 17.2.1.5. Recent Developments (Partnerships, Mergers) 17.2.2. coursera 17.2.3. Blackboard Inc. (Anthology) 17.2.4. Digital House 17.2.5. Platzi in 17.2.6. PleIQ 17.2.7. Agenda Edu 17.2.8. UOL 17.2.9. UBITS LLC 17.2.10. Crehana 17.2.11. Coderhouse 17.2.12. Edx 17.2.13. Papumba 17.2.14. ARVORE 17.2.15. SIMA E-learning 18. Assumptions and Acronyms Used 19. Research Methodology
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EduTech Industry Analysis in Latin America
