South Korea EdTech Market Summary, Competitive Analysis and Forecast to 2027
Summary
EdTech in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Educational Technology (EdTech) is the integration of technology into educational practices to improve students’ or users’ learning outcomes. It includes a variety of digital tools and resources, including software, hardware, multimedia, and network equipment. With education technology, learners can learn anytime, anywhere, at their own pace, with tools like gamified content and microlearning courses.
- The South Korean edtech market had total revenues of $4.8 billion in 2022, representing a compound annual growth rate (CAGR) of 10.2% between 2017 and 2022.
- The pre-K-12 and K-12 segment accounted for the market's largest proportion in 2022, with total revenues of $2.6 billion, equivalent to 54.2% of the market's overall value.
- Technological advancements and growing digitization are the major factors, driving growth in the South Korean edtech market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the edtech market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the edtech market in South Korea
- Leading company profiles reveal details of key edtech market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea edtech market with five year forecasts
- What was the size of the South Korea edtech market by value in 2022?
- What will be the size of the South Korea edtech market in 2027?
- What factors are affecting the strength of competition in the South Korea edtech market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's edtech market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the different business models in this market?
- 7.3. What is the rationale for the recent M&A activity?
- 8 Company Profiles
- 8.1. Riiid Inc
- 8.2. Mathpresso Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: South Korea edtech market value: $ million, 2017–22
- Table 2: South Korea edtech market category segmentation: % share, by value, 2017–2022
- Table 3: South Korea edtech market category segmentation: $ million, 2017-2022
- Table 4: South Korea edtech market geography segmentation: $ million, 2022
- Table 5: South Korea edtech market value forecast: $ million, 2022–27
- Table 6: Riiid Inc: key facts
- Table 7: Mathpresso Inc: key facts
- Table 8: South Korea size of population (million), 2018–22
- Table 9: South Korea gdp (constant 2005 prices, $ billion), 2018–22
- Table 10: South Korea gdp (current prices, $ billion), 2018–22
- Table 11: South Korea inflation, 2018–22
- Table 12: South Korea consumer price index (absolute), 2018–22
- Table 13: South Korea exchange rate, 2018–22
- List of Figures
- Figure 1: South Korea edtech market value: $ million, 2017–22
- Figure 2: South Korea edtech market category segmentation: $ million, 2017-2022
- Figure 3: South Korea edtech market geography segmentation: % share, by value, 2022
- Figure 4: South Korea edtech market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the edtech market in South Korea, 2022
- Figure 6: Drivers of buyer power in the edtech market in South Korea, 2022
- Figure 7: Drivers of supplier power in the edtech market in South Korea, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the edtech market in South Korea, 2022
- Figure 9: Factors influencing the threat of substitutes in the edtech market in South Korea, 2022
- Figure 10: Drivers of degree of rivalry in the edtech market in South Korea, 2022
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