Corporate Education Technology (EdTech)

Corporate Education Technology (EdTech)

Global Corporate Education Technology (EdTech) Market to Reach US$120.4 Billion by 2030

The global market for Corporate Education Technology (EdTech) estimated at US$36.1 Billion in the year 2023, is expected to reach US$120.4 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2023-2030. On-Premise Deployment, one of the segments analyzed in the report, is expected to record a 16.3% CAGR and reach US$58.3 Billion by the end of the analysis period. Growth in the Cloud Deployment segment is estimated at 21.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.8 Billion While China is Forecast to Grow at 25.9% CAGR

The Corporate Education Technology (EdTech) market in the U.S. is estimated at US$9.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.4 Billion by the year 2030 trailing a CAGR of 25.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.6% and 16.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Global Corporate Education Technology (EdTech) Market - Key Trends and Drivers Summarized

The integration of digital learning platforms in the corporate world, often referred to as educational technology or EdTech, has significantly altered how employees acquire skills necessary for their professional development. The acceleration of corporate digital transformations, particularly during and post the COVID-19 pandemic, has necessitated a swift adoption of digital platforms capable of providing comprehensive training remotely. With the corporate EdTech market expected to double in the coming years, there is a clear trend towards using software-as-a-service (SaaS) EdTech solutions to facilitate continuous upskilling and reskilling of employees. These platforms are crucial not only for bridging the skills gap exacerbated by rapid technological changes and remote work environments but also for enabling businesses to remain competitive in a fast-evolving market landscape.

The rise of SaaS in educational technology reflects a broader shift towards remote and hybrid working models, where digital platforms can support a wide range of learning activities from upskilling to compliance training. Companies are increasingly reliant on EdTech to provide flexible learning solutions that can be tailored to the needs of their workforce, regardless of their physical location. This shift is part of a larger digital transformation across industries aiming to increase efficiency and employee engagement through innovative educational tools and programs. The ability of EdTech platforms to integrate seamlessly with existing corporate systems, provide mobile learning options, and utilize data analytics to tailor and improve learning outcomes is transforming corporate training into a more dynamic, interactive, and effective process.

The growth in the corporate EdTech market is driven by several factors, including the integration with existing corporate systems, the use of advanced data analytics to measure learning outcomes, and the customization and scalability of learning solutions. Mobile learning enhancements, AI and machine learning integration, and the adoption of virtual and augmented reality for immersive training experiences also play significant roles. Additionally, the ability of EdTech platforms to ensure regulatory compliance, provide engaging user experiences, and support social learning and collaboration further accelerates their adoption. As businesses continue to navigate the complexities of digital transformation, the strategic implementation of EdTech not only supports continuous learning and development but also helps organizations build a competitive advantage by fostering a skilled and adaptable workforce.

Select Competitors (Total 61 Featured) -

• 17 Education & Technology Group Inc.
• 2U, Inc.
• Age of Learning
• BYJU`S
• Chegg, Inc.
• Civitas Learning, Inc.
• Dreambox Learning, Inc.
• Duolingo, Inc.
• Hujiang Education Technologies
• Instructure, Inc.
• Newsela
• PowerSchool Group LLC
• Stride, Inc.
• Udacity, Inc.
• Udemy, Inc.
• VIPKid;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.