Education Technology (EdTech) Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Education Technology Market in 2025 is evaluated at USD 181.97 billion. The global market size exceeded USD 164.59 billion in 2024 and is set to expand at a CAGR of over 13.2%, surpassing USD 824.91 billion revenue by 2037. North America is forecasted to generate USD 346.46 billion by 2037, driven by technological advancements in universities and institutions.
The demand for virtual reality technology is increasing as it becomes a major driver for increasing interactive and immersive educational environments. According to a report by the National Library of Medicine, VR is helpful for students with autism, as a study in 2007 by Strickland et al. showed that children with autism can apply skills they had learned in a virtual environment to the real world, which includes skills in fire and street/road safety.
Education Technology (EdTech) Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing consumer demand for online learning: Online education is becoming more popular, driven by various factors, including the growing use of technology, easy accessibility and availability, and the convenience of online courses. According to the statistics, more than 92 million students registered for Coursera’s online education courses in 2021, which increased from 71 million in 2020, and this data was recorded to 21 million in 2016.
- Rising disposable income: The booming economies and growing disposable income of consumers are also driving the demand for online education courses, leading to greater growth of the education technology market.
- Greater sustainability: The use of cloud-based education technologies can lead to greater energy and cost efficiency, providing a more sustainable approach to education delivery.
- Increasing global accessibility: The increasing adoption of technology and access to fast and stable internet connections allow for the expansion of the EdTech market to a global audience.
Challenges
- Limited integration: The lack of proper integration of technology along with its various applications can limit the effectiveness of the EdTech market as the technology is highly effective if it is used in isolation.
- Limited funding and resources: The need for new technology requires a certain funding, which is not always available to all stakeholders, such as schools, institutions, and others.
- High-security concerns such as data breaches, hacks, and cyber-attacks.
Education Technology Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
13.2% |
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Base Year Market Size (2024) |
USD 164.59 billion |
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Forecast Year Market Size (2037) |
USD 824.91 billion |
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Regional Scope |
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Education Technology (EdTech) Segmentation
Sector (K-12, Preschool, Higher Education)
The K-12 segment in the EdTech market is estimated to account for 47% revenue share by 2037, owing to wide range of ages and various stages inclined towards learning. The education technologies widely utilized in this segment, which range from smart classrooms and virtual learning, where technology is integrated into the learning environment, to e-learning platforms, provide customized and adaptive learning experiences outside the traditional classroom setting. According to the data collected by the National Science Foundation, difference in the access to technology based on household income is that about 57% of households with income under 25,000 USD have a computer available for educational purposes while about 90% of households with 200,000 USD has a computer for the same.
End-user (Business, Consumer)
The business segment is set to account for significant education technology market share by 2037, as it creates the base for education technology (EdTech) systems. With the growing demand for remote work and the requirement for more flexible education solutions for businesses, there has been a shift toward virtual and hybrid education.
Deployment (On-premises, Cloud)
The on-premises segment in the EdTech market is estimated to hold noteworthy share, as it is responsible for licensing, maintaining, and selling on-premises along with mobile software products and offering software maintenance services. On-premises deployment allows for better performance and responsiveness of the education technology since the systems don’t have to rely on the internet or networks, reducing potential delays or disruptions.
Our in-depth analysis of the global market includes the following segments:
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Sector |
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End-user |
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Deployment |
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Customize this ReportEducation Technology (EdTech) Industry- Regional Synopsis
North American Market Forecast
The education technology market in North America is estimated to have largest share of approximately 42% by 2037, impelled by growth in the upgrade of technological advancements in universities and institutions in this region. According to a report by GSMA, in 2021, more than 329 million people subscribed to mobile services, which is about 84% of the total population of this region.
APAC Market Statistics
The Asia Pacific EdTech market is poised to observe massive CAGR during the forecast period, led by the increase in government-led programs, such as the education expansion projects for the increase of smart education in India, China, Japan, and more. Several EdTech companies are merging and partnering up with each other to achieve efficiency and high scale. According to the financial statements of the largest EdTech firms, they had a profit of about 20-60% of revenue in recent years.
Companies Dominating the Education Technology (EdTech) Landscape
- Blackboard Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- IBM Corporation
- Apple Inc.
- Microsoft
- Oracle
- Google LLC
- Dell Technologies Inc.
- SAPCisco Systems Inc.
- Pearson PLC
- Promethean World Ltd.
- D2L Corporation
- Desire2Learn Incorporated
- Edmentum Inc.
- Ellucian Company L.P.
- Follett Corporation
- Instructure Inc.
- Knewton Inc.
- McGraw-Hill Education
- PowerSchool Group LLC
In the News
- Texthelp Ltd., a well-known assistive technology provider in the EdTech market, launched OrbitNote, a pdf-enabled app that allows visually impaired students to access documents by leaving voice notes.
- zSpace, Inc., a U.S.-based EdTech firm that provides hybrid or remote learning, launched a new AR/VR learning device that will assist students in engaging with multidimensional content in a virtual world without the use of glasses.
Author Credits: Abhishek Verma
- Report ID: 3403
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
