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Education Technology (EdTech) Market Segmentation by Hardware (Interactive Displays, and Interactive Projectors); by Technology (Gamification, Analytics, and Advanced Technology); by Sector (Preschool, K-12, and Higher Education) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Education Technology Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • November 2020: Blackboard Inc. released new cloud learning management system that can connect higher education students with valuable resources aimed at helping them to succeed in college. This feature can directly connect the students to support services in just one click.

Global Education Technology (EdTech) Market Highlights 2022 – 2030

The global education technology (EdTech) market is estimated to garner a hefty amount of revenue and grow at a CAGR of ~19% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the rising number of internet users, increasing penetration of mobile devices, and escalating demand for EdTech solutions in classrooms around the world. In 2019, approximately 4 billion people in the world accessed internet, i.e., almost half the population of the world is connected to the internet. Northern Europe has the highest internet penetration of more than 95 percent.  Along with these, growing development in technologies such as artificial intelligence, internet of things (IoT) and AR/VR is expected to offer abundant growth opportunities to the market in the upcoming years. Additionally, rise in focus to enhance student engagement is also projected to drive market growth in the near future. Furthermore, the inception of COVID-19 outburst around the world has led to a boom in demand for innovative education technologies, which is also predicted to expand the market growth.

/Global-Education-Technology-Market-Overview

The market is segmented by hardware into interactive displays, and interactive projectors, out of which, the interactive displays segment is anticipated to hold the largest share in the global education technology (EdTech) market as these displays serve to raise the level of learner engagement and encourage student enthusiasm for learning. In addition, the increasing usage of interactive displays to show content such as content, such as images, videos, and video calls, is also assessed to drive growth to this market segment by the end of 2030. Further, on the basis of sector, the K-12 segment is predicted to grab the largest share, which can be credited to the rising trend of game-based learning for students of kindergarten to grade 12th, and rising use of innovative teaching technologies in this sector. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Education Technology (EdTech) Market Regional Synopsis

On the basis of geographical analysis, the global education technology (EdTech) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the growing user base of smart devices and internet in the region. For instance, China has the largest number of internet users in the world. More than 850 million people have access to the internet in the country. Apart from these, rising development of affordable broadband connectivity in countries namely India and China, is also anticipated to boost the growth of this region’s market. Moreover, the market in North America region is expected to grab the largest share during the forecast period increasing investments from private equity investors and venture capitalists in the education sector in the United States.

The global education technology (EdTech) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global education technology (EdTech) market includes the following segments:

By Hardware

  • Interactive Displays
  • Interactive Projectors

By Technology

  • Gamification
  • Analytics
  • Advanced Technology

By Sector

  • Preschool
  • K-12
  • Higher Education

Growth Drivers

  • Rising User Base of Internet and Smart Devices
  • Increasing Demand for EdTech Solutions in Classrooms

Challenges

  • Data Security Concerns Associated with EdTech Solutions

Top Featured Companies Dominating the Market

  • Blackboard, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Google LLC
  • Instructure, Inc.
  • Microsoft Corporation
  • Chegg, Inc.
  • Coursera, Inc.
  • Edutech
  • edX Inc.
  • Udacity, Inc.
  • upGrad Education Pvt. Ltd.

 

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