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Edtech Market

Market Insights on Edtech covering sales outlook, demand forecast & up-to-date key trends

Edtech Market by Component, End User & Region - Forecast 2021 - 2031

Edtech Market Outlook (2021-2031)

[448 pages Report] The global edtech market size was estimated to be worth US$ 74.2 Bn in 2021 and is forecast to grow at a prolific CAGR of 14.5% during the forecast period between 2021 and 2031, totaling over US$ 288.4 Bn by the end of 2031. Growth in the market is driven by rising adoption of education technologies across various end use verticals such as academic institutions and business enterprises, increase in the number of edtech manufacturers, booming M-education market, and expansion of digital learning market size.

Market Outlook:

Data Points

Market Insights

Edtech Market Value 2021

USD 74.2 Bn

Edtech Market Projected Value 2031

USD 288.4 Bn

Edtech Market Forecast CAGR (2021-2031)

 14.5%

Top 5 Vendor Market Share

~35%

The present educational infrastructure worldwide is inadequate to meet the educational requirements of an ever-increasing population. As a result, people are looking for alternative teaching and learning platforms as well as innovative teaching aids. This has put edtech market into the spotlight.

Edtech or educational technology is the use of components like hardware, software, and services to facilitate and enhance learning. End users like academic institutions and enterprises are increasingly making use of these technologies for teaching and training purposes. Expansion of these end user verticals along with growing popularity of advanced educational technologies is providing impetus to the growth of the global education technology market.

Similarly, availability of digital education content in the form of digital books or e-books is favoring the growth of edtech market. Global companies like holoniq are leading the edtech market.

Currently, the edtech market contributes over 80% of sales in the global education industry.

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2016-2020 Edtech Demand Outlook Compared to 2021-2031 Growth Forecast

The overall demand in the global edtech market is set to rise at an incredible CAGR of 14.5% between 2021 and 2031 in comparison to 10.5% CAGR registered from 2016-2020. Growth in the global edtech market is driven by rising adoption of edtech platforms in government organizations, academic institutions, etc., increasing penetration of internet and smartphones, and expansion of edtech and smart classroom market across developing regions.

The introduction of educational technologies has taken the education industry by storm. These technologies have enabled end users to facilitate learning and make the overall teaching and learning process more interesting. 

Initially the use of these technologies was limited to educational industry. However, with advancement in edtech components, the scope of edtech widened significantly. Today, majority of organizations, schools, universities, and enterprises use e-learning to ensure effective learning. They are adopting technologies such as augmented reality (AR), virtual reality (VR), augmented reality (AR), and blockchain technologies for analytics, storing, and securing student data.

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Rapid adoption of e-learning platforms across educational institutions will continue to boost the growth of edtech market during the forecast period. It has been observed that education through e-learning platforms helps the student to save 40% to 60% of their time rather than learning through traditional learning methods.

Similarly, rising trend of gamification is creating space for the growth of edtech market across the world. Edtech startups are continuously introducing learning through games and puzzles to understand both simple and complicated concepts. It has been observed that gamified courses are more motivating and effective than traditional ones, and thus significantly improve the performance and productivity of learners. Besides this, they are introducing advanced interactive whiteboards, AR/VR devices, projectors and webcasting devices for active learning.

Country-wise Insights

What is the Growth Projection for the China Edtech Market?

“Rising Government Spending Creating Space for Edtech Market Growth in China”

According to Future Market Insights, currently China holds around 45% share of the East Asia edtech market and is forecast to grow at a prolific CAGR of 13% during the forecast period between 2021 and 2031. Growth in the market is driven by increasing government spending on university education and K-12 education, rising adoption of learning management systems, awareness among people about recent edtech market trends, and flourishing virtual classrooms market.

China is the most populous country in the world (approx.1.4 billion) which makes it difficult to educate each and every individual in educational settings. As a result, people and the government are looking for alternative modes like online learning. This factor is likely to provide a strong thrust to the growth of edtech market during the forecast period.

Annually, billions of dollars are being spent by government on the country’s educational sector. For instance, as per the Ministry of Education of the People’s Republic of China, total spending on education in China was RMB 5,017.5 billion in 2019. This is creating a conducive environment for the edtech providers in the country and the trend is likely to continue during the forecast period.

Similarly, expansion of digital learning market size across the country will help the edtech manufacturers to increase their sales in future.

Why is Demand for Edtech Rising in the U.S.?

“Growing Popularity of Interactive Educational Technology Creating Stimulating Edtech Market Growth in the U.S.”

As per FMI, the U.S. is expected to account for around 85% share of the North American edtech market through 2031, owing to the flourishing education industry, emergence of new edtech market trends, expansion of smart education and learning market, presence of leading edtech manufacturers, and rising penetration of interactive educational technology.

Furthermore, availably of customized online educational platforms, rising educational tourism, and increasing penetration of advanced teaching and leading technologies in classroom setting will further expand the education technology market size in the country.

How will Growth Unfold Across India?

“Rise in the Number of Edtech Companies and Increasing Penetration of Internet Stimulating Growth in India”

Amid rapid rise in the number of edtech companies, exponential growth of internet penetration, favorable government support, and growing trend of online learning, the edtech market in India is expected to grow at a stupendous 22.8% CAGR between 2021 and 2031. Demand for education technologies across India especially escalated during the COVID-19 pandemic as most of the educational institutes and enterprises shifted towards online modes.

The educational industry across India is facing various challenges due to inadequate educational infrastructure, rapidly growing population and economic constraints. However, the introduction of online teaching and learning platforms, and emergence of advanced educational technologies is significantly helping to overcome these challenges.

Furthermore, rising penetration of smartphones, growth of edtech and smart classroom market, and growing awareness among people regarding the benefits of education technologies will further boost the growth of edtech market in India. According to an article published by the India Brand Equity Foundation, smartphone ownership among government school student families and private school student families has increased from 30% and 50% in 2018 to 56% and 74% in 2020 respectively as per Annual Status of Education Report (ASER) 2020.

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Category-wise Insights

Why is the Demand for Edtech Software Increasing?

“Software Segment to Take Away the Spotlight Amid Surging Demand for Learning Management System”

Based on component, the edtech software segment is expected to dominate the global edtech market during the forecast period, accounting for around 40.1% share by the end of 2031. Growth of the segment is attributed to the rising demand for learning management systems across enterprises, government organizations, and educational institutions.

In recent years, demand for learning management systems has increased significantly as they enable end users to create and manage lessons, courses, and other training materials. Thus, rapid expansion of the learning management systems market is likely to augment the growth of this segment during the forecast period.

Which is the Leading End User Segment in the Global Edtech Market?

“Growing Popularity of Interactive Education Technology to Boost the Adoption in Academic Institutions”

Based on end user, the academic institution segment is anticipated to contribute a revenue share of around 43% in 2021 and is further expected to grow at a significant pace during the forecast period. Factors such as rising popularity of interactive education technology, growing trend of online learning, and increase in number of schools and colleges, are favoring the growth of this segment.

Competitive Landscape

Leading edtech manufacturers are innovating for developing new edtech components that can meet end user demands. Besides this, they have adopted strategies like mergers, acquisitions, collaborations, and partnerships to expand their global footprint. For instance,

  • In 2022, SMART Technologies introduced new interactive displays with advanced features like integrated microphone array, greater stability and NFC login.
  • In June 2022, Chegg inc., the leading student-first connected learning platform, launched center for digital learning to support educators and drive excellence cross online, in-person, and hybrid leading modalities.  introduced the new platform for educators where the platform allows the learners to share the education content with millions of learners on Chegg that will help to enhance learner’s outcomes.
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Edtech Industry Report Scope

FMI’s latest edtech market analysis uncovers key investment pockets that are scoring well in the market. It presents a complete packaged solution of edtech market by discussing in detail various growth drivers, restraints, trends, and emerging opportunities that are influencing the overall demand.

The study analyzes how key market players are innovating to mee the ever-changing demands of end users. It highlights how digital transformation in the educational sector will create opportunities for edtech manufacturers in the global edtech market.

Besides this, the interrelationship between edtech market and smart education and learning market has been studied in detail. The report also attempts to highlight current edtech market trends and their impact on overall edtech market growth.

The Edtech market analysis includes:

  • A 10-year realistic edtech sales forecast slicing across multiple verticals
  • Edtech market size by country and their respective shares in the global market.
  • Consumer attitude towards various components.
  • Information about growth strategies adopted by key participants to penetrative attractive markets.
  • Edtech market segmentation along with graphical representation of leading market segments.
  • Key market shaping factors including drivers, restraints and emerging opportunities
  • Insights into emerging edtech market trends influencing growth
  • Top edtech manufacturers in the market
  • The winning imperatives in this market

Attribute

Details

Forecast Period

 2021-2031

Historic Data Available for

 2016-2020

Market Analysis

USD Million for Value

Report Coverage

Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Key Segments Covered

  • Component
  • End User
  • Region

Key regions covered

  • North America
    • US
    • Canada
    • Rest of North America
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America  
  • Western Europe
    • Germany
    • U.K.
    • France
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Spain
    • Rest of Eastern Europe
  • South Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Thailand
    • Indonesia
    • South Korea
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • Israel
    • Rest of MEA
  • Rest of the World
    • Oceania
    •  Africa
    • South America

End User

  • Government Organization
  • Academic Institution
  • Enterprises
  • Others

Key companies profiled

Chegg, Coursera, Blackboard Inc., Digital House, Platzi, PlelQ, Agenda Edu, UOL, Crehana, Smart Technologies, EdX, Microsoft, Oracle Corporation, Hurix Digital, E-Zest Solutions Ltd, Touch IT Technologies, Promethan World, SIMA E-learning

Customization & pricing

Available upon request

Edtech Market Segmentation

By Component:

  • Hardware
    • Interactive White Board
    •  AR/VR Devices
    •  Projectors
    •  Webcasting Devices
    •  Others
  • Software
    • Learning Management System Platform
    • Virtual Classroom Software
    • Others
  • Services
    • Managed Learning Services
    • Professional Services
      • Learning & Content Management
      • Consulting
      • Integration & Implementation
      • Support & Maintenance

By End User:

  • Government Organization
  • Academic Institution
    • K-12
    • College Universities
  • Enterprises
    • SMEs
    • Large Enterprises
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

As per FMI, the global edtech market size was valued at ~US$ 74.2 Bn in 2021, and is expected to grow at a stupendous CAGR of 14.5% during the forecast period.

The global edtech market is expected to reach a valuation of US$ 288.4 Bn by 2031.

South Asia & Pacific is projected to generate lucrative prospects for the growth of edtech market, exhibiting a CAGR of nearly 19.7% during the forecast period.

Coursera, Blackboard, Chegg, EdX, Platzi, and Coderhouse among others are some of the leading market players in the global edtech market.

Increasing demand for remote learning, digital transformation in education sector, and rise in virtual learning due to COVID-19 are some of the key trends shaping the market growth

The edtech market in Japan and South Korea was valued at ~US$ 4,747.8 Mn and ~US$ 3,621.9 Mn in 2021, respectively.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation/ Development Trends

4. Global Market Demand (in Value in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    4.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

    4.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Market 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. Market Dynamics

        5.5.1. Drivers

        5.5.2. Restraints

        5.5.3. Opportunities

6. Global Market Analysis 2016-2020 and Forecast 2021-2031, Component 

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) Analysis By Component, 2016-2020

    6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2021-2031

        6.3.1. Hardware

            6.3.1.1. Interactive Whiteboards

            6.3.1.2. AR/VR Devices

            6.3.1.3. Projectors

            6.3.1.4. Webcasting Devices

            6.3.1.5. Others

        6.3.2. Software

            6.3.2.1. Learning Management System (LMS) 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 Services 

                6.3.3.1.3. Integration & Implementation 

                6.3.3.1.4. Support & Maintenance 

            6.3.3.2. Managed Learning Services 

    6.4. Market Attractiveness Analysis by Component

7. Global Market Analysis 2016-2020 and Forecast 2021-2031, by End user

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) Analysis By End user, 2016-2020 

    7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End user, 2021-2031

        7.3.1. Government Organizations 

        7.3.2.  Academic Institutions 

            7.3.2.1. K-12 

            7.3.2.2.  Colleges/Universities 

        7.3.3. Corporates/Enterprises 

            7.3.3.1. SMEs 

            7.3.3.2.  Large Enterprises

        7.3.4.  Others

    7.4. Market Attractiveness Analysis By End user

8. Global Market Analysis 2016-2020 and Forecast 2021-2031, by Region

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Region, 2016-2020

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2021-2031

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. East Asia

        8.3.5. South Asia & Pacific

        8.3.6. Middle East & Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2016-2020 and Forecast 2021-2031

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    9.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021-2031

        9.3.1. By Component

        9.3.2. By End user

        9.3.3. By Country

            9.3.3.1. U.S.

            9.3.3.2. Canada

    9.4. Market Attractiveness Analysis

        9.4.1. By Component

        9.4.2. By End user

        9.4.3. By Country

    9.5. Market Trends

    9.6. Key Market Participants - Intensity Mapping

10. Latin America Market Analysis 2016-2020 and Forecast 2021-2031

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    10.3. Current and Future Market Size (US$ Mn Forecast By Market Taxonomy, 2021-2031

        10.3.1. By Component

        10.3.2. By End user

        10.3.3. By Country

            10.3.3.1. Brazil

            10.3.3.2. Mexico

            10.3.3.3. Rest of Latin America

    10.4. Market Attractiveness Analysis

        10.4.1. By Component

        10.4.2. By End user

        10.4.3. By Country

    10.5. Market Trends

    10.6. Key Market Participants - Intensity Mapping

11. Europe Market Analysis 2016-2020 and Forecast 2021-2031

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    11.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021-2031

        11.3.1. By Component

        11.3.2. By End user

        11.3.3. By Country

            11.3.3.1. UK

            11.3.3.2. Germany

            11.3.3.3. France

            11.3.3.4. Italy

            11.3.3.5. Spain

            11.3.3.6. Benelux

            11.3.3.7. Russia

            11.3.3.8. Rest of Europe 

    11.4. Market Attractiveness Analysis

        11.4.1. By Component

        11.4.2. By End user

        11.4.3. By Country

    11.5. Market Trends

    11.6. Key Market Participants - Intensity Mapping

12. South Asia & Pacific Market Analysis 2016-2020 and Forecast 2021-2031

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021-2031

        12.3.1. By Component

        12.3.2. By End user

        12.3.3. By Country

            12.3.3.1. India

            12.3.3.2. Malaysia

            12.3.3.3. Indonesia

            12.3.3.4. Singapore

            12.3.3.5. Australia & New Zealand

            12.3.3.6. Rest of South Asia & Pacific 

    12.4. Market Attractiveness Analysis

        12.4.1. By Component

        12.4.2. By End user

        12.4.3. By Revenue Source

        12.4.4. By Visitor Demographics 

        12.4.5. By Country

    12.5. Market Trends

    12.6. Key Market Participants - Intensity Mapping

13. East Asia Market Analysis 2016-2020 and Forecast 2021-2031

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021-2031

        13.3.1. By Component

        13.3.2. By End user

        13.3.3. By Country

            13.3.3.1. China

            13.3.3.2. Japan 

            13.3.3.3. South Korea 

    13.4. Market Attractiveness Analysis

        13.4.1. By Component

        13.4.2. By End user

        13.4.3. By Country

    13.5. Market Trends

    13.6. Key Market Participants - Intensity Mapping

14. Middle East and Africa Market Analysis 2016-2020 and Forecast 2021-2031

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2016-2020

    14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2021-2031

        14.3.1. By Component

        14.3.2. By End user

        14.3.3. By Country

            14.3.3.1. GCC Countries

            14.3.3.2. Turkey

            14.3.3.3. South Africa

            14.3.3.4. North Africa

            14.3.3.5. Rest of Middle East & Africa 

    14.4. Market Attractiveness Analysis

        14.4.1. By Component

        14.4.2. By End user

        14.4.3. By Country

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

15. Country-wise Market Opportunity Analysis

    15.1. U.S. Market Opportunity Analysis

        15.1.1. By Component

        15.1.2. By End user

    15.2. Canada Market Opportunity Analysis

        15.2.1. By Component

        15.2.2. By End user

    15.3. Mexico Market Opportunity Analysis

        15.3.1. By Component

        15.3.2. By End user

    15.4. Brazil Market Opportunity Analysis

        15.4.1. By Component

        15.4.2. By End user

    15.5. Germany Market Opportunity Analysis

        15.5.1. By Component

        15.5.2. By End user

    15.6. Italy Market Opportunity Analysis

        15.6.1. By Component

        15.6.2. By End user

    15.7. France Market Opportunity Analysis

        15.7.1. By Component

        15.7.2. By End user

    15.8. U.K. Market Opportunity Analysis

        15.8.1. By Component

        15.8.2. By End user

    15.9. Spain Market Opportunity Analysis

        15.9.1. By Component

        15.9.2. By End user

    15.10. BENELUX Market Opportunity Analysis

        15.10.1. By Component

        15.10.2. By End user

    15.11. Russia Market Analysis

        15.11.1. By Component

        15.11.2. By End user

    15.12. China Market Analysis

        15.12.1. By Component

        15.12.2. By End user

    15.13. Japan Market Analysis

        15.13.1. By Component

        15.13.2. By End user

    15.14. South Korea Market Analysis

        15.14.1. By Component

        15.14.2. By End user

    15.15. India Market Analysis

        15.15.1. By Component

        15.15.2. By End user

    15.16. Malaysia Market Analysis

        15.16.1. By Component

        15.16.2. By End user

    15.17. Indonesia Market Analysis

        15.17.1. By Component

        15.17.2. By End user

    15.18. Singapore Market Analysis

        15.18.1. By Component

        15.18.2. By End user

    15.19. Australia and New Zealand Market Analysis

        15.19.1. By Component

        15.19.2. By End user

    15.20. GCC Countries Market Analysis

        15.20.1. By Component

        15.20.2. By End user

    15.21. Turkey Market Analysis

        15.21.1. By Component

        15.21.2. By End user

    15.22. North Africa Market Analysis

        15.22.1. By Component

        15.22.2. By End user

    15.23. South Africa Market Analysis

        15.23.1. By Component

        15.23.2. By End user

16. Market Structure Analysis

    16.1. Market Analysis by Tier of Companies 

    16.2. Market Share Analysis of Top Players

    16.3. Market Presence Analysis, Regional footprint by Players

17. Competition Analysis

    17.1. Dashboard for Key Vendors

    17.2. Competition Deep Dive

        17.2.1. Chegg Inc.,

            17.2.1.1. Business Overview

            17.2.1.2. Solution Offering

            17.2.1.3. Key Financial Outlook (Business Segment/Region)

            17.2.1.4. Key Market Developments

            17.2.1.5. Strategy Overview

                17.2.1.5.1. Product Strategy

                17.2.1.5.2. Business Strategy

        17.2.2. Coursera Inc.,

            17.2.2.1. Business Overview

            17.2.2.2. Solution Offering

            17.2.2.3. Key Financial Outlook (Business Segment/Region)

            17.2.2.4. Key Market Developments

            17.2.2.5. Strategy Overview

                17.2.2.5.1. Product Strategy

                17.2.2.5.2. Business Strategy

        17.2.3. Blackboard, Inc.

            17.2.3.1. Business Overview

            17.2.3.2. Solution Offering

            17.2.3.3. Key Financial Outlook (Business Segment/Region)

            17.2.3.4. Key Market Developments

            17.2.3.5. Strategy Overview

                17.2.3.5.1. Product Strategy

                17.2.3.5.2. Business Strategy

        17.2.4. Digital House

            17.2.4.1. Business Overview

            17.2.4.2. Solution Offering

            17.2.4.3. Key Financial Outlook (Business Segment/Region)

            17.2.4.4. Key Market Developments

            17.2.4.5. Strategy Overview

                17.2.4.5.1. Product Strategy

                17.2.4.5.2. Business Strategy

        17.2.5. Platzi

            17.2.5.1. Business Overview

            17.2.5.2. Solution Offering

            17.2.5.3. Key Financial Outlook (Business Segment/Region)

            17.2.5.4. Key Market Developments

            17.2.5.5. Strategy Overview

                17.2.5.5.1. Product Strategy

                17.2.5.5.2. Business Strategy

        17.2.6. PlelQ

            17.2.6.1. Business Overview

            17.2.6.2. Solution Offering

            17.2.6.3. Key Financial Outlook (Business Segment/Region)

            17.2.6.4. Key Market Developments

            17.2.6.5. Strategy Overview

                17.2.6.5.1. Product Strategy

                17.2.6.5.2. Business Strategy

        17.2.7. Agenda Edu

            17.2.7.1. Business Overview

            17.2.7.2. Solution Offering

            17.2.7.3. Key Financial Outlook (Business Segment/Region)

            17.2.7.4. Key Market Developments

            17.2.7.5. Strategy Overview

                17.2.7.5.1. Product Strategy

                17.2.7.5.2. Business Strategy

        17.2.8. UOL EdTech

            17.2.8.1. Business Overview

            17.2.8.2. Solution Offering

            17.2.8.3. Key Financial Outlook (Business Segment/Region)

            17.2.8.4. Key Market Developments

            17.2.8.5. Strategy Overview

                17.2.8.5.1. Product Strategy

                17.2.8.5.2. Business Strategy

        17.2.9. UBITS

            17.2.9.1. Business Overview

            17.2.9.2. Solution Offering

            17.2.9.3. Key Financial Outlook (Business Segment/Region)

            17.2.9.4. Key Market Developments

            17.2.9.5. Strategy Overview

                17.2.9.5.1. Product Strategy

                17.2.9.5.2. Business Strategy

        17.2.10. EdX

            17.2.10.1. Business Overview

            17.2.10.2. Solution Offering

            17.2.10.3. Key Financial Outlook (Business Segment/Region)

            17.2.10.4. Key Market Developments

            17.2.10.5. Strategy Overview

                17.2.10.5.1. Product Strategy

                17.2.10.5.2. Business Strategy

        17.2.11. Microsoft Inc.,

            17.2.11.1. Business Overview

            17.2.11.2. Solution Offering

            17.2.11.3. Key Financial Outlook (Business Segment/Region)

            17.2.11.4. Key Market Developments

            17.2.11.5. Strategy Overview

                17.2.11.5.1. Product Strategy

                17.2.11.5.2. Business Strategy

        17.2.12. E-Zest Solution Ltd

            17.2.12.1. Business Overview

            17.2.12.2. Solution Offering

            17.2.12.3. Key Financial Outlook (Business Segment/Region)

            17.2.12.4. Key Market Developments

            17.2.12.5. Strategy Overview

                17.2.12.5.1. Product Strategy

                17.2.12.5.2. Business Strategy

        17.2.13. Hurix Digital

            17.2.13.1. Business Overview

            17.2.13.2. Solution Offering

            17.2.13.3. Key Financial Outlook (Business Segment/Region)

            17.2.13.4. Key Market Developments

            17.2.13.5. Strategy Overview

                17.2.13.5.1. Product Strategy

                17.2.13.5.2. Business Strategy

        17.2.14. Touch IT Technologies

            17.2.14.1. Business Overview

            17.2.14.2. Solution Offering

            17.2.14.3. Key Financial Outlook (Business Segment/Region)

            17.2.14.4. Key Market Developments

            17.2.14.5. Strategy Overview

                17.2.14.5.1. Product Strategy

                17.2.14.5.2. Business Strategy

        17.2.15. Promethan World

            17.2.15.1. Business Overview

            17.2.15.2. Solution Offering

            17.2.15.3. Key Financial Outlook (Business Segment/Region)

            17.2.15.4. Key Market Developments

            17.2.15.5. Strategy Overview

                17.2.15.5.1. Product Strategy

                17.2.15.5.2. Business Strategy

        17.2.16. Turning Technologies

            17.2.16.1. Business Overview

            17.2.16.2. Solution Offering

            17.2.16.3. Key Financial Outlook (Business Segment/Region)

            17.2.16.4. Key Market Developments

            17.2.16.5. Strategy Overview

                17.2.16.5.1. Product Strategy

                17.2.16.5.2. Business Strategy

        17.2.17. Oracle Corp

            17.2.17.1. Business Overview

            17.2.17.2. Solution Offering

            17.2.17.3. Key Financial Outlook (Business Segment/Region)

            17.2.17.4. Key Market Developments

            17.2.17.5. Strategy Overview

                17.2.17.5.1. Product Strategy

                17.2.17.5.2. Business Strategy

        17.2.18. Smart Technologies

            17.2.18.1. Business Overview

            17.2.18.2. Solution Offering

            17.2.18.3. Key Financial Outlook (Business Segment/Region)

            17.2.18.4. Key Market Developments

            17.2.18.5. Strategy Overview

                17.2.18.5.1. Product Strategy

                17.2.18.5.2. Business Strategy

        17.2.19. Agenda Edu

            17.2.19.1. Business Overview

            17.2.19.2. Solution Offering

            17.2.19.3. Key Financial Outlook (Business Segment/Region)

            17.2.19.4. Key Market Developments

            17.2.19.5. Strategy Overview

                17.2.19.5.1. Product Strategy

                17.2.19.5.2. Business Strategy

        17.2.20. Crehana

            17.2.20.1. Business Overview

            17.2.20.2. Solution Offering

            17.2.20.3. Key Financial Outlook (Business Segment/Region)

            17.2.20.4. Key Market Developments

            17.2.20.5. Strategy Overview

                17.2.20.5.1. Product Strategy

                17.2.20.5.2. Business Strategy

        17.2.21. SIMA E-learning

            17.2.21.1. Business Overview

            17.2.21.2. Solution Offering

            17.2.21.3. Key Financial Outlook (Business Segment/Region)

            17.2.21.4. Key Market Developments

            17.2.21.5. Strategy Overview

                17.2.21.5.1. Product Strategy

                17.2.21.5.2. Business Strategy

18. Assumptions and Acronyms Used

19. Research Methodology

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List of Tables

Table 01: Global Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 02: Global Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 03: Global Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 04: Global Market Size (US$ Mn) Analysis and Forecast by Region, 2016–2031 

Table 05: North America Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 06: North America Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 07: North America Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 08: North America Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Table 09: Latin America Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 10: Latin America Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 11: Latin America Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 12: Latin America Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Table 13: Europe Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 14: Europe Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 15: Europe Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 16: Europe Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Table 17: East Asia Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 18: East Asia Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 19: East Asia Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 20: East Asia Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Table 21: South Asia & Pacific Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 22: South Asia & Pacific Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 23: South Asia & Pacific Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 24: South Asia & Pacific Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Table 25: Middle East & Africa Market Size (US$ Mn) Analysis and Forecast by Component, 2016–2031 

Table 26: Middle East & Africa Market Volume (Units) Analysis and Forecast by Component, 2020–2031 

Table 27: Middle East & Africa Market Size (US$ Mn) Analysis and Forecast by End user, 2016–2031

Table 28: Middle East & Africa Market Size (US$ Mn) Analysis and Forecast by Country, 2016–2031

Sudip Saha
Principal Consultant
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List of Charts

Figure 01: Global Market Value (US$ Mn), 2016-2020

Figure 02: Global Market Value (US$ Mn), 2021-2031

Figure 03: Global Market Size (US$ Mn) and Y-o-Y Growth Rate from 2021-2031

Figure 04: Global Market Size and Y-o-Y Growth Rate from 2021-2031

Figure 05: Global Market Volume (Units) and Y-o-Y Growth Rate from 2021-2031

Figure 06: Global Market: Market Share Analysis by Component – 2021 & 2031

Figure 07: Global Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 08: Global Market: Market Attractiveness by Component

Figure 09: Global Market: Market Share Analysis by End user– 2021 & 2031

Figure 10: Global Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 11: Global Market: Market Attractiveness by End user

Figure 12: Global Market: Market Share Analysis by Region – 2021-2031

Figure 13: Global Market: Y-o-Y Growth Comparison by Region, 2019-2031

Figure 14: Global Market: Market Attractiveness by Region

Figure 15: North America Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 16: Latin America Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 17: Europe Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 18: East Asia Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 19:South Asia & Pacific Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 20:Middle East & Africa Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 21: North America Market Value (US$ Mn), 2016-2020

Figure 22: North America Market Value (US$ Mn), 2021-2031

Figure 23: North America Market: Market Share Analysis by Component – 2021 & 2031

Figure 24: North America Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 25: North America Market: Market Attractiveness by Component

Figure 26: North America Market: Market Share Analysis by End user– 2021 & 2031

Figure 27: North America Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 28: North America Market: Market Attractiveness by End user

Figure 29: North America Market: Market Share Analysis by Country – 2021-2031

Figure 30: North America Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 31: North America Market: Market Attractiveness by Country

Figure 32: U.S. Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 33: Canada Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 34: Latin America Market Value (US$ Mn), 2016-2020

Figure 35: Latin America Market Value (US$ Mn), 2021-2031

Figure 36: Latin America Market: Market Share Analysis by Component – 2021 & 2031

Figure 37: Latin America Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 38: Latin America Market: Market Attractiveness by Component

Figure 39: Latin America Market: Market Share Analysis by End user– 2021 & 2031

Figure 40: Latin America Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 41: Latin America Market: Market Attractiveness by End user

Figure 42: Latin America Market: Market Share Analysis by Country – 2021-2031

Figure 43: Latin America Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 44: Latin America Market: Market Attractiveness by Country

Figure 45: Brazil Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 46: Mexico Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 47:  Rest of Latin America Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 48: Europe Market Value (US$ Mn), 2016-2020

Figure 49: Europe Market Value (US$ Mn), 2021-2031

Figure 50: Europe Market: Market Share Analysis by Component – 2021 & 2031

Figure 51: Europe Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 52: Europe Market: Market Attractiveness by Component

Figure 53: Europe Market: Market Share Analysis by End user– 2021 & 2031

Figure 54: Europe Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 55: Europe Market: Market Attractiveness by End user

Figure 56: Europe Market: Market Share Analysis by Country – 2021-2031

Figure 57: Europe Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 58: Europe Market: Market Attractiveness by Country

Figure 59: Germany Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 60: Italy Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 61: France Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 62: U.K. Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 63: Spain Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 64: Benelux Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 65: Russia Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 66: Rest of Europe Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 67: East Asia Market Value (US$ Mn), 2016-2020

Figure 68: East Asia Market Value (US$ Mn), 2021-2031

Figure 69: East Asia Market: Market Share Analysis by Component – 2021 & 2031

Figure 70: East Asia Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 71: East Asia Market: Market Attractiveness by Component

Figure 72: East Asia Market: Market Share Analysis by End user– 2021 & 2031

Figure 73: East Asia Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 74: East Asia Market: Market Attractiveness by End user

Figure 75: East Asia Market: Market Share Analysis by Country – 2021-2031

Figure 76: East Asia Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 77: East Asia Market: Market Attractiveness by Country

Figure 78: China Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 79: Japan Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 80:  South Korea Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 81: South Asia & Pacific Market Value (US$ Mn), 2016-2020

Figure 82: South Asia & Pacific Market Value (US$ Mn), 2021-2031

Figure 83: South Asia & Pacific Market: Market Share Analysis by Component – 2021 & 2031

Figure 84: South Asia & Pacific Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 85: South Asia & Pacific Market: Market Attractiveness by Component

Figure 86: South Asia & Pacific Market: Market Share Analysis by End user– 2021 & 2031

Figure 87: South Asia & Pacific Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 88: South Asia & Pacific Market: Market Attractiveness by End user

Figure 89: South Asia & Pacific Market: Market Share Analysis by Country – 2021-2031

Figure 90: South Asia & Pacific Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 91: South Asia & Pacific Market: Market Attractiveness by Country

Figure 92: India Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 93: ASEAN Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 94: Australia & New Zealand Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 95: Rest of South Asia & Pacific Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 96: Middle East & Africa Market Value (US$ Mn), 2016-2020

Figure 97: Middle East & Africa Market Value (US$ Mn), 2021-2031

Figure 98: Middle East & Africa Market: Market Share Analysis by Component – 2021 & 2031

Figure 99: Middle East & Africa Market: Y-o-Y Growth Comparison by Component, 2019-2031

Figure 100: Middle East & Africa Market: Market Attractiveness by Component

Figure 101: Middle East & Africa Market: Market Share Analysis by End user– 2021 & 2031

Figure 102: Middle East & Africa Market: Y-o-Y Growth Comparison by End user, 2019-2031

Figure 103: Middle East & Africa Market: Market Attractiveness by End user

Figure 104: Middle East & Africa Market: Market Share Analysis by Country – 2021-2031

Figure 105: Middle East & Africa Market: Y-o-Y Growth Comparison by Country, 2019-2031

Figure 106: Middle East & Africa Market: Market Attractiveness by Country

Figure 107: GCC Countries Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 108: Turkey Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 109: South Africa Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 110: Rest of Middle East & Africa Market Absolute $ Opportunity (US$ Mn), 2016–2031

Figure 111: U.S. Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 112: Canada Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 113: Brazil Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 114: Mexico Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 115: Germany Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 116: Italy Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 117: France Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 118: U.K. Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 119: Spain Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 120: BENELUX Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 121: Russia Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 122: China Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 123: Japan Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 124: South Korea Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 125: India Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 126: ASEAN Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 127: Australia & New Zealand  Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 128: GCC Countries Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 129: Turkey Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

Figure 130: South Africa Incremental Opportunity (US$ Mn) Analysis, 2021 – 2031

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