The global education technology market size is expected to reach USD 377.85 billion by 2028, registering a CAGR of 19.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to Massive Open Online Courses (MOOCs), the industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating education technology (EdTech) into the overall education system.
The proliferation of smart devices and the continued rollout of internet connectivity drive the growth of the market. The rising awareness about the advantages of integrating the latest technologies in education systems is also contributing to the growth of the market. Developed economies, including the U.S., the U.K., and Germany, are focusing on introducing innovative EdTech offerings, supporting education administration, reducing teacher workload, and engaging students and the community. On the other hand, emerging economies focus on ensuring easy and convenient access to educational opportunities for the citizens. EdTech holds immense potential to ensure access to education for the rapidly-growing population, particularly in emerging economies.
The education industry is on the cusp of a digital revolution. In the age of digitization and automation, conventional teaching methods are not the only available options for educating students. Advances in the latest technologies, such as Artificial Intelligence (AI), robotics, Augmented Reality (AR), and Virtual Reality (VR), and their potential integration into learning are anticipated to transform the conventional teaching techniques. These cross-curricular learning opportunities can enable institutes and teachers to streamline resource commitments while encouraging students’ knowledge development through practical and cross-curricular applications. MOOCs are also gaining immense popularity across the globe and are emerging to be an affordable mode of online education.
Request a free sample copy or view report summary: Education Technology Market Report
Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system to online EdTech solutions
Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings
Cloud computing technology is used to store vital resources, such as audio/video lessons, written lessons, and assignments, on a school’s cloud terminal. Students can access these resources at their convenience
Widespread use of mobile devices and tablets is leading to the use of gamification and immersive learning in educational institutions for an interactive and enhanced learning experience
Grand View Research has segmented the global education technology market on the basis of sector, end user, type, and region:
EdTech Sector Outlook (Revenue, USD Million, 2017 - 2028)
EdTech End-user Outlook (Revenue, USD Million, 2017 - 2028)
EdTech Type Outlook (Revenue, USD Million, 2017 - 2028)
EdTech Regional Outlook (Revenue, USD Million, 2017 - 2028)
Middle East & Africa (MEA)
List of Key Players of Education Technology (EdTech) Market
upGrad Education Pvt. Ltd.
This report has a service guarantee. We stand by our report quality.
Your transaction & personal information is safe and secure.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
Avail customized purchase options to meet your research needs:
"The quality of research they have done for us has been excellent..."