The global edtech market is predicted to soar at a remarkable 14.3% CAGR between 2024 and 2034, from its projected worth of U$ 108.246 billion in 2024. By 2034, the total value of the global educational technology market is projected to hit US$ 411.566 billion.
Since there is a growing need for online learning solutions, the EdTech market is expected to expand significantly. Gamification, AI-driven technologies, and personalized learning are vital education technology market trends.
The educational technology market is expanding due to government initiatives, growing investments in EdTech providers, and the incorporation of augmented and virtual reality. As education becomes digital and accessible, the edtech market is predicted to continue growing, offering chances for innovation and a shift in how knowledge is obtained and taught.
| Attributes | Details |
|---|---|
| Market Value for 2024 | U$ 108.246 billion |
| Market Value for 2034 | U$ 411.566 billion |
| Market CAGR from 2024 to 2034 | 14.3% |
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| Attributes | Details |
|---|---|
| Market Value for 2019 | US$ 58.67 billion |
| Market Value for 2023 | US$ 95.13 billion |
| Market CAGR from 2019 to 2023 | 12.8% |
Principal Consultant
The digital education market and the smart education and learning market have both been studied by Future Market Insights (FMI). The data depict the projected growth of the edtech market from 2024 to 2034 in other markets. It showcases the potential for revenue in the additional markets shown below.
Edtech Market:
| Attributes | Edtech Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 14.3% |
| Growth Factor | Advancements in machine learning and Artificial Intelligence transform educational content delivery. |
| Market Trend | An increase in remote and hybrid learning styles has led to a growing need for online educational resources. |
| Market Restraint | Limited access to dependable internet and digital gadgets prevents mass adoption of edtech. |
Digital Education Market:
| Attributes | Digital Education Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 28.3% |
| Growth Factor | Demand for easily available and adaptable learning opportunities, particularly among working adults. |
| Market Trend | The growing popularity of individualized, self-paced learning experiences. |
| Market Restraint | Worries over the effectiveness and quality of online education compared to traditional classroom instruction. |
Smart Education and Learning Market:
| Attributes | Smart Education and Learning Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 18.9% |
| Growth Factor | The adoption of internet connectivity and smart gadgets in education is increasing. |
| Market Trend | Technological breakthroughs facilitate the development of smart education solutions. |
| Market Restraint | Instructors lack the necessary technical skills to use smart technology effectively. |
The segmented market analysis of EdTech is included in the following subsection. Based on comprehensive studies, the hardware sector is leading the component category, and the academic institution segment is commanding the end-user category.
| Attributes | Hardware |
|---|---|
| Market Share (2024) | 42.8% |
| Attributes | Academic Institution |
|---|---|
| Market Share (2024) | 45.0% |
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The edtech market can be observed in the subsequent tables, which focus on the leading economies in Germany, Japan, China, the United States, Australia, and New Zealand. A comprehensive evaluation demonstrates that Australia and New Zealand have enormous opportunities.
| Country | Australia and New Zealand |
|---|---|
| CAGR (2024 to 2034) | 22.7% |
| Nation | Japan |
|---|---|
| CAGR (2024 to 2034) | 17.8% |
| Nation | China |
|---|---|
| CAGR (2024 to 2034) | 13.5% |
| Nation | Germany |
|---|---|
| CAGR (2024 to 2034) | 12.4% |
| Nation | United States |
|---|---|
| CAGR (2024 to 2034) | 11.2% |
Key edtech vendors in the competitive landscape are advancing innovation and influencing the direction of education. Leading edtech manufacturers providing a wide range of global solutions to learners include Chegg, Coursera, and Blackboard Inc.
Plaetzi, PlelQ, and Digital House, each contributing their methods to meet different educational demands. Through their edtech platforms, Agenda Edu and UOL improve accessibility and engagement. Crehana and Smart Technologies broaden the selection with their specialist services and tools.
Important roles are played by EdX, Microsoft, and Oracle Corporation, which use their technology know-how to revolutionize education. Notable edtech providers that offer specialized services and solutions are Hurix Digital and E-Zest Solutions Ltd.
Conventional learning environments are revolutionized by Touch IT Technologies and Promethan World's unique classroom solutions. SIMA E-learning broadens the scope of educational opportunities by incorporating a global perspective.
These producers work together and compete to shape the Edtech industry. Their combined efforts open the door for a more promising future for education by promoting creativity, accessibility, and diversity in the field.
These major edtech vendors continue to be at the forefront, influencing millions of people's educational experiences as the market expands and changes.
Notable Advancements and Breakthroughs
| Company | Details |
|---|---|
| Baims | Baims, a Kuwaiti EdTech company, purchased Egyptian online tutoring startup Orcas in January 2024. Through the acquisition, Baims hopes to become more well-known and increase its services by adding individualized one-on-one teaching and pre-recorded courses. |
| EchoPollTM | The EdTech SaaS platforms EchoPollTM for interactive polling, ExamViewTM with expanded assessment features, and EchoVideoTM with improved editing tools and accessibility were announced by Echo360 in April 2023. With a focus on interaction, these releases seek to revolutionize the educational process and solidify Echo360's leadership in the EdTech space. |
| Finnish Global Education Solutions Oy | Finnish Global Education Solutions Oy and Indian ed-tech platform Stones2Milestones joined in November 2023. The cooperation intends to concentrate on developing cutting-edge technological solutions for wider worldwide application and integrating the Finnish learning paradigm into Indian schools, with an emphasis on teacher professional development. |
| Teachmint Technologies Pvt. Ltd. | An online software for teachers and students called Teachmint Technologies Pvt. Ltd. purchased MyClassCampus, an ERP platform for educational institutions, in January 2022. |
| BYJU'S | To improve consistency in online learning for instructors and students alike, BYJU'S, an EdTech startup offering online tuition, teamed up with Google LLC in June 2021. Due to this collaboration, educational establishments can now provide students with a customized digital classroom management platform. |
The education technology market to secure a valuation of U$ 108.246 billion in 2024.
The education technology market is estimated to reach US$ 411.566 billion by 2034.
Through 2034, the education technology industry is anticipated to expand at a 14.3% CAGR.
From 2019 to 2023, the education technology market recorded a 12.8% CAGR.
The hardware sector is set to achieve a market share of 42.80% in 2024.
A 45.0% market share is expected for the academic institution sector in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034 5.3.1. Hardware 5.3.1.1. Interactive White Board 5.3.1.2. AR/VR Devices 5.3.1.3. Projectors 5.3.1.4. Webcasting Devices 5.3.1.5. Others 5.3.2. Software 5.3.2.1. Learning Management System Platform 5.3.2.2. Virtual Classroom Software 5.3.2.3. Others 5.3.3. Services 5.3.3.1. Managed Learning Services 5.3.3.2. Learning & Content Management 5.3.3.3. Consulting 5.3.3.4. Integration & Implementation 5.3.3.5. Support & Maintenance 5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034 6.3.1. Government Organization 6.3.2. Academic Institution 6.3.2.1. K-12 6.3.2.2. College Universities 6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034 7.3.1. Cloud Based 7.3.2. On-Premises 7.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Component 9.2.3. By End User 9.2.4. By Deployment 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By End User 9.3.4. By Deployment 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Component 10.2.3. By End User 10.2.4. By Deployment 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By End User 10.3.4. By Deployment 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Component 11.2.3. By End User 11.2.4. By Deployment 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By End User 11.3.4. By Deployment 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Component 12.2.3. By End User 12.2.4. By Deployment 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By End User 12.3.4. By Deployment 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Component 13.2.3. By End User 13.2.4. By Deployment 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By End User 13.3.4. By Deployment 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Component 14.2.3. By End User 14.2.4. By Deployment 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By End User 14.3.4. By Deployment 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Component 15.2.3. By End User 15.2.4. By Deployment 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Component 15.3.3. By End User 15.3.4. By Deployment 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Component 16.1.2.2. By End User 16.1.2.3. By Deployment 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Component 16.2.2.2. By End User 16.2.2.3. By Deployment 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Component 16.3.2.2. By End User 16.3.2.3. By Deployment 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Component 16.4.2.2. By End User 16.4.2.3. By Deployment 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Component 16.5.2.2. By End User 16.5.2.3. By Deployment 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Component 16.6.2.2. By End User 16.6.2.3. By Deployment 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Component 16.7.2.2. By End User 16.7.2.3. By Deployment 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Component 16.8.2.2. By End User 16.8.2.3. By Deployment 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Component 16.9.2.2. By End User 16.9.2.3. By Deployment 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Component 16.10.2.2. By End User 16.10.2.3. By Deployment 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Component 16.11.2.2. By End User 16.11.2.3. By Deployment 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Component 16.12.2.2. By End User 16.12.2.3. By Deployment 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Component 16.13.2.2. By End User 16.13.2.3. By Deployment 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Component 16.14.2.2. By End User 16.14.2.3. By Deployment 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Component 16.15.2.2. By End User 16.15.2.3. By Deployment 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Component 16.16.2.2. By End User 16.16.2.3. By Deployment 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Component 16.17.2.2. By End User 16.17.2.3. By Deployment 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Component 16.18.2.2. By End User 16.18.2.3. By Deployment 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Component 16.19.2.2. By End User 16.19.2.3. By Deployment 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Component 16.20.2.2. By End User 16.20.2.3. By Deployment 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Component 16.21.2.2. By End User 16.21.2.3. By Deployment 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Component 16.22.2.2. By End User 16.22.2.3. By Deployment 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Component 16.23.2.2. By End User 16.23.2.3. By Deployment 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Component 17.3.3. By End User 17.3.4. By Deployment 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. BYJU'S 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Blackboard Inc. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Chegg, Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Coursera Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Edutech 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. edX LLC 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Google LLC 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Instructure, Inc. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Microsoft 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Udacity, Inc. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. upGrad Education Private Limited 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Edtech Market
