Latin America EduTech Industry Outlook from 2024 to 2034
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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Latin America EduTech Industry Overview
EduTech holds immense potential to transform education and is witnessing significant popularity in regions like Latin America. Its ability to make education more personalized, interactive, accessible, and efficient is expected to fuel demand for EduTech solutions through 2034.
Several countries across Latin America are integrating technological tools and resources into the field of education to enhance learning experiences, facilitate access to information, and promote effective teaching methods. This will likely boost the growth of the EduTech industry in the region.
EduTech aims to leverage the power of technology to make education more accessible, engaging, and tailored to individual needs. Its main aim is to foster a more efficient and inclusive learning environment.
Increasing digital transformation initiatives in Latin America and the rising popularity of remote learning are anticipated to fuel EduTech's demand. It encompasses a wide range of applications, including online learning platforms, educational software, interactive multimedia content, virtual classrooms, and adaptive learning systems.
Edutech can take different forms within and outside of the classroom, such as educational apps and games, podcasts, learning management systems (LMS), video conferencing software like Zoom, and remote and online discussion forums. These offer kids, teachers, administrators, and parents online courses, allowing them to learn from anywhere in the world.
Platforms like LinkedIn are offering different courses catering to diverse needs and interests. This will likely support expansion of EdTech in Latin America through 2034.
Drivers Propelling the Demand for EduTech Solutions in Latin America include
Implementation of interactive whiteboards to enhance collaboration and communication between students
Adoption of E-learning platforms for lifelong learning, continuous skill development, and financial well-being
Provision of cost-effective and efficient solutions by Edtech startups throughout Latin America
Increasing demand for personalized learning
Integration of augmented reality and virtual reality for immersive learning experience
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Challenges for Companies in the Latin America EduTech Industry
Language barriers in educational materials.
Lack of insufficient funding for EdTech initiatives.
Internet connectivity issues in urban areas.
Data privacy and security issues on EdTech platforms.
Inadequacy in teachers training.
Opportunities in the Latin America EduTech Industry
Integration of speech recognition software technology.
Rising adoption of AR and VR in training provides an immersive learning experience.
Blockchain technology is revolutionizing the education industry in Latin America.
Rise in gamification and interactive learning experiences.
Growing demand for online education
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Latest EduTech Trends in Latin America
Growing adoption of hybrid cloud solutions
Partnership with public and private entities
Integration of AI in EdTech sector
Rise in online education
Surging popularity of massive open online courses (MOOCs) and microlearning platforms.
Historical Performance Vs. Latin America EduTech Demand Outlook
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.
Future Forecast for EdTech Industry in Latin America
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)
Comparative View of Adjacent Latin America EduTech Industries
Related Growth Outlook Scenario
Particulars
Value CAGR
Latin America EduTech Industry
14.5%
Global Edtech Industry
14.5%
Global MedTech Industry
4.4%
The LATAM education technology sector is likely to be impacted by the tangential businesses in the technology division. These include the global Edtech industry and the MedTech industry. Drivers and trends are thoroughly analyzed to find business opportunities in all these industries.
Latin America EduTech Industry Analysis:
Attributes
Latin America EduTech Industry Analysis
CAGR (2024 to 2034)
14.5%
Growth Factor
Digital transformation in education is expected to boost growth of the Latin American educational technology industry.
Latin America EduTech Industry Trends
Key growth shaping trends include rising popularity of remote work and integration of AI and ML in EduTech solutions.
Global Edtech Industry Analysis:
Attributes
Global Edtech Industry Analysis
CAGR (2024 to 2034)
14.5%
Growth Factor
Increasing adoption of digital transformation initiatives is expected to drive Edtech industry.
Global Edtech Industry Trends
Rise in virtual learning will likely uplift demand for Edtech solutions.
Global MedTech Industry Analysis:
Attributes
Global MedTech Industry Analysis
CAGR (2024 to 2034)
4.4%
Growth Factor
Growing prevalence of chronic diseases and rising adoption of digital health solutions are expected to foster growth of MedTech industry.
Global MedTech Industry Trends
Rising popularity of preventive healthcare and advances in genomics and precision medicine will likely create opportunities for MedTech companies.
Country-wise Insights
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%
Rapid Integration of Digital Learning Tools in Mexico Driving Demand
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.
The rise of the internet has led to a dramatic shift in digital learning tools and platforms with widespread smartphones. The COVID-19 pandemic further accelerated this trend, forcing educational institutions to adopt EduTech solutions for distance and blended learning. This will continue to propel EduTech solution demand.
The Mexican government’s active strategies to promote digital literacy and academic inclusion are creating a favorable environment for EduTech companies. Large amounts are being spent on modernizing the education sector. This is expected to fuel sales of EduTech components through 2034.
Digital Transformation in Education Spurring Growth in Argentina
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.
Education systems in Argentina are increasingly adopting digital tools and platforms to enhance teaching and learning experiences. This is expected to facilitate growth of the EduTech industry in the country throughout the forecast period.
Growing demand for innovative solutions is creating a favorable environment for EduTech startups in Argentina. The shift towards online learning is prompting educators and students to search for more effective digital tools and strategies.
The Argentina government is committed to modernizing education, investing in infrastructure and digital literacy programs. This will likely foster sales growth in the country.
The increasing tech-savvy population is another prominent factor expected to boost growth of the EduTech industry in Argentina through 2034.
EduTech companies in Argentina are looking to provide novel solutions and services to cater to a wide range of educational needs.
Category-wise Insights
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%
Software Segment Set to Outpace Hardware in Terms of Revenue Generation
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.
Growing adoption of software due to its versatility, scalability, and cost-effectiveness is a key factor driving growth of the target segment. Similarly, rising demand for learning management system platforms will benefit the software segment.
There is a significant increase in demand for high-performance, informative online education solutions across Latin America. This is putting the learning management system into the limelight.
The learning management system (LMS) platform provides accessible educational systems and comprehensive digital infrastructure to educational institutes, meeting the needs of educationists and teachers in Latin America. It is highly in demand due to its ability to provide centralized and efficient solutions for educational institutions.
Increasing adoption of digital/online leading in Latin America is expected to fuel adoption of learning management systems in Latin America. Learning management system platforms provide centralized and organized ways to deliver online courses, manage learning materials, and track learner progress.
EduTech Solutions Gaining Strong Ground in Academic Institutions
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.
EduTech solutions are gaining immense traction in academic institutions due to rising trends like digital learning and growing awareness of the benefits of digital learning solutions like interactive whiteboards and smart projectors.
The increasing recognition of the important role of technology in traditional educational practices is fueling adoption of EduTech solutions in primary and secondary education settings.
Schools in Latin America are actively embracing instructional technology to enhance curriculum delivery, better engage students, and provide an individualized learning experience. This increased emphasis on technology integration in K-12 education contributes significantly to the industry growth.
Growing popularity of digital learning solutions in primary and secondary education will likely foster segment growth during the assessment period.
Competitive Landscape
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
Investment in E-Learning
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
Product Innovation
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.
Strategic Partnerships and Collaborations
Top companies focus on inorganic growth strategies such as partnerships and collaborations to expand their presence in Latin America.
Expansion into Emerging Industries
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.
Mergers and Acquisition
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
In November 2023, Bemobi Mobile Tech S.A. announced the acquisition of Agenda Edu Ltda. from EscEx Educação S.A through a non-binding Memorandum of Understanding. This acquisition aligns with the company's strategy to expand its presence in vertical payment solutions and digital relationships.
In October 2021, Digital House merged with Rocketseat, the platform for continuous learning in programming, with more than 400 thousand students. With this merger, both companies continued their regional expansion strategy with the aim of training the best digital talent based on the profiles demanded by the organizations.
In August 2022, UOL EdTech expanded its operations in Latin America by launching an international brand of Passei Direto platform.
Key Coverage in the Latin EduTech Market Research Report
Adjacent Study on Latin American Educational Software Market, Latin America Digital Learning Market and Latin America Online Education Market
Detailed Latin America e-learning Platform Outlook
EdTech Startup Market in Latin America
Future Prospects of Educational Technology Market in LATAM
Top Edtech Companies in Latin America
Role of EdTech in Revolutionizing Learning in Latin America
Latin America EduTech Industry Report Scope
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
Component
End-user
Country
Regions Covered
Latin America
Key Countries Covered
Brazil
Mexico
Argentina
Chile
Colombia
Peru
Rest of Latin America
Key Companies Profiled
Coursera
Blackboard Inc. (Anthology)
Digital House
Platzi in
PleIQ
Agenda Edu
UOL EduTech
UBITS LLC
Crehana
Coderhouse
Edx
Papumba
ARVORE
SIMA E-learning
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segmentation Analysis of the Latin America EduTech Industry
By Component:
Hardware
Interactive Whiteboard
AR/VR Devices
Smart Projectors
Webcasting Devices
Others
Software
Learning Management System Platform
Virtual Classroom Software
Others
Services
Professional Services
Learning & Content Management
Consulting
Integration & Implementation
Support & Maintenance
Managed Learning Services
By End-user:
Government Organization
Academic Institution
K-12
College Universities
Enterprises
SMEs
Large Enterprises
Others
By Country:
Brazil
Mexico
Argentina
Chile
Colombia
Peru
Rest of Latin America
Frequently Asked Questions
How big is the EduTech industry in Latin America?
The Latin America EduTech industry is estimated to total US$ 6,513.6 million in 2024.
What is the expected industry size for 2034?
The EduTech industry size in Latin America is projected to reach US$ 25,286.6 million by 2034.
What is the demand outlook for EduTech components in Latin America?
Demand in Latin America is set to grow at 14.5% CAGR through 2034.
Who is the leading end-user of EduTech solutions in Latin America?
Academic institutions are expected to emerge as leading end-users.
Which country is predicted to register rapid growth?
Mexico is expected to rise with a CAGR of 18.1% through 2034.
Who are the key vendors in the Latin America EduTech industry?
Coursera, Blackboard Inc. (Anthology), Digital House, Agenda Edu, and UOL EduTech.
Table of Content
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 Used19. Research Methodology
List of Tables
Table 01: Industry Value (US$ million) Analysis and Forecast (2019 to 2034), by Component
Table 02: Industry Value (US$ million) Analysis and Forecast (2019 to 2034), by End User
Table 03: Industry Value (US$ million) Forecast (2024 to 2034) By Country
List of Charts
Figure 01: Industry Value (US$ million), 2019 to 2023
Figure 02: Industry Value (US$ million), 2024 to 2034
Figure 03: Industry Value Share Analysis (2024 to 2034) By Component
Figure 04: Industry Value Y-o-Y Growth Trend Analysis (2019 to 2034) By Component
Figure 05: Industry Attractiveness By Component
Figure 06: Industry Value Share Analysis (2024 to 2034) By End User
Figure 07: Industry Value Y-o-Y Growth Trend Analysis (2019 to 2034) By End User
Figure 08: Industry Attractiveness By End User
Figure 09: Industry Value Share Analysis (2024 to 2034) by Country
Figure 10: Industry Value Y-o-Y Growth Trend Analysis (2019 to 2034) by Country
Figure 11: Industry Attractiveness by Country
Figure 12: Brazil Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 13: Chile Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 14: Peru Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 15: Columbia Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 16: Argentina Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 17: Mexico Industry Absolute $ Opportunity (US$ million), 2019 to 2034
Figure 18: Rest of Industry Absolute $ Opportunity (US$ million), 2019 to 2034
