Market revenue in 2023 | USD 8,783.9 million |
Market revenue in 2030 | USD 22,472.5 million |
Growth rate | 14.4% (CAGR from 2023 to 2030) |
Largest segment | K-12 |
Fastest growing segment | Preschool |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Preschool, K-12, Higher Education |
Key market players worldwide | Blackboard, Chegg Inc, Alphabet Inc Class A, Instructure Holdings Inc, Microsoft Corp |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to education technology market will help companies and investors design strategic landscapes.
K-12 was the largest segment with a revenue share of 42.33% in 2024. Horizon Databook has segmented the Latin America education technology market based on preschool, k-12, higher education covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is envisioned to witness considerable growth over the forecast period. One of the key factors propelling the growth is the high percentage of elementary schools in majority of the countries. This has ultimately attracted the market participants to serve the region’s educational institutions with state-of-the-art technologies, making it one of the major investment markets in the coming years.
Besides, a growing need to improve the existing IT infrastructure to enable students to cope up with the latest technology is also observed as one of key drivers promoting the implementation of EdTech solution in the region. Moreover, countries such as Brazil has started focusing on developing and promoting local solution that are cost effective to the students and teachers.
As a result, local companies are gaining substantial support from government in terms of funding and promotions thereby contributing to the growth of the regional market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America education technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America education technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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