Global Edtech Market 2024-2028
Global Edtech Market 2024-2028
The Edtech market is forecasted to grow by USD 162.7 bn during 2023-2028, accelerating at a CAGR of 16.82% during the forecast period. The report on the Edtech market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by learners shifting toward ebooks, emergence of virtual schools, and increasing number of e-learning enrollments.
Technavio's Edtech market is segmented as below:
- By Type
- Hardware
- Content
- Software
- By Sector
- K-12
- Higher education
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increased demand for distance learning as one of the prime reasons driving the Edtech market growth during the next few years. Also, growing inclination toward integrating AR, VR, and AI in smart classrooms and surge in demand for soft skills and communication-based programs will lead to sizable demand in the market.
The report on the Edtech market covers the following areas:
- Edtech market sizing
- Edtech market forecast
- Edtech market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Edtech market vendors that include 2U Inc., Alphabet Inc., Anthology Inc., Chegg Inc., Cornerstone OnDemand Inc., Coursera Inc., D2L Inc., edX LLC, Ellucian Co., Instructure Holdings Inc., Microsoft Corp., Oracle Corp., PleIQ Smart Toys Spa, Promethean World Ltd., Think and Learn Pvt. Ltd., Udacity Inc., UOL Edtech, upGrad Education Pvt. Ltd., Warner Bros Discovery Inc., and Workday Inc.. Also, the Edtech market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.