Market Overview:
The global edtech market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for digital content, increasing adoption of technology in education sector and growing focus on personalized learning. The global edtech market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into hardware, software and content. Hardware accounted for a major share of the global edtech market in 2017 and this trend is expected to continue during the forecast period. Software accounted for second largest share in 2017 followed by content.
Product Definition:
EdTech is an abbreviation for "education technology." It refers to the use of technology in education, from primary and secondary schools to colleges and universities. EdTech encompasses everything from online learning platforms to apps that help students with their homework. The importance of EdTech can be summed up in two words: convenience and flexibility. With EdTech, students can learn anywhere at any time, which makes it a perfect fit for today's busy world. Additionally, EdTech allows educators to tailor their lessons to each student's needs, making the learning process more individualized and effective.
Hardware:
Hardware is the part of EdTech that includes all the devices and components required to deliver digital learning. It can be defined as physical devices or non-digital media used in a delivery system for imparting knowledge. Hardware includes interactive whiteboards, projectors, laptops/netbooks tablets and smartphones among others. The hardware component has been acting as one of the major drivers for e-learning adoption across various industry verticals globally.
Software:
Software is the collection of procedures, programs, libraries and tools which are used to solve a particular problem or facilitate a specific activity. In EdTech market software refers to technology-based services and products that help in delivering educational content over the internet. It helps in managing student records; tracking students' progress; providing access to online learning materials; helping teachers with administration tasks such as grading exams & projects among others.
Application Insights:
The global market is segmented by application into preschool, K-12, higher education and others. The higher education segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to the growing demand for digital learning solutions among institutions and universities across the globe. Furthermore, a rise in student enrollment has necessitated an increase in IT infrastructure at institutions which has resulted in growth of this segment over the forecast period.
The preschool segment is expected to witness significant growth over next six years owing to rising adoption of edutech products & services by parents globally who are seeking better educational opportunities for their children from infancy stage through pre-school level till grade school level thus driving demand for these solutions worldwide. Preschool offers various interactive content that engages children as well as helps them develop motor skills effectively thereby contributing towards overall industry growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing investments by international companies and rising adoption of innovative technologies in various sectors such as education, corporate training, e-commerce shopping and entertainment.
The regional growth can also be attributed to a large number of schools that are adopting new teaching methodsologies such as blended learning or flipped classroom along with EdTech solutions for effective management of course content and assessment. Moreover, growing penetration of smartphones coupled with high usage rates has led to an increase in demand for mobile apps across various categories including education which will further fuel regional growth over the next eight years.
North America is projected to grow at a significant rate during the forecast period due to increased focus on improving educational outcomes through technology integration especially among low-income countries like Brazil.
Growth Factors:
- Increasing demand for online and digital learning solutions from K-12 schools and higher education institutions.
- Proliferation of new EdTech startups that are developing innovative products and services to address specific needs in the market.
- Growing investments in EdTech by venture capitalists, angel investors, and other funding organizations.
- Emergence of new technologies such as artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and blockchain that are being used in EdTech applications.
- Increased focus on personalized learning by educators, students, parents, and policymakers as a way to improve student outcomes
Scope Of The Report
Report Attributes
Report Details
Report Title
EdTech Market Research Report
By Type
Hardware, Software, Content
By Application
Preschool, K-12, Higher Education, Others
By Companies
BYJU'S, VIPKid, iTutorGroup, Udacity, Newsela, Civitas Learning, Dreambox Learning, Guild Education, Coursera, Schoology, Instructure, Knewton, 17zuoye, Yuanfudao, Udemy, Age of Learning, HuJiang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global EdTech Market Report Segments:
The global EdTech market is segmented on the basis of:
Types
Hardware, Software, Content
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Preschool, K-12, Higher Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYJU'S
- VIPKid
- iTutorGroup
- Udacity
- Newsela
- Civitas Learning
- Dreambox Learning
- Guild Education
- Coursera
- Schoology
- Instructure
- Knewton
- 17zuoye
- Yuanfudao
- Udemy
- Age of Learning
- HuJiang
Highlights of The EdTech Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Content
- By Application:
- Preschool
- K-12
- Higher Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EdTech Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EdTech is a term used to describe the intersection of technology and education. It can refer to anything from online tools that help teachers manage their classrooms, to new software that helps students learn more effectively.
Some of the major players in the edtech market are BYJU'S, VIPKid, iTutorGroup, Udacity, Newsela, Civitas Learning, Dreambox Learning, Guild Education, Coursera, Schoology, Instructure, Knewton, 17zuoye, Yuanfudao, Udemy, Age of Learning, HuJiang.
The edtech market is expected to grow at a compound annual growth rate of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EdTech Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EdTech Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EdTech Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EdTech Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EdTech Market Size & Forecast, 2018-2028
4.5.1 EdTech Market Size and Y-o-Y Growth
4.5.2 EdTech Market Absolute $ Opportunity
Chapter 5 Global EdTech Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EdTech Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Content
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EdTech Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EdTech Market Size Forecast by Applications
6.2.1 Preschool
6.2.2 K-12
6.2.3 Higher Education
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EdTech Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EdTech Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EdTech Analysis and Forecast
9.1 Introduction
9.2 North America EdTech Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EdTech Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Content
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EdTech Market Size Forecast by Applications
9.10.1 Preschool
9.10.2 K-12
9.10.3 Higher Education
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EdTech Analysis and Forecast
10.1 Introduction
10.2 Europe EdTech Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EdTech Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Content
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EdTech Market Size Forecast by Applications
10.10.1 Preschool
10.10.2 K-12
10.10.3 Higher Education
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EdTech Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EdTech Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EdTech Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Content
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EdTech Market Size Forecast by Applications
11.10.1 Preschool
11.10.2 K-12
11.10.3 Higher Education
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EdTech Analysis and Forecast
12.1 Introduction
12.2 Latin America EdTech Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EdTech Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Content
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EdTech Market Size Forecast by Applications
12.10.1 Preschool
12.10.2 K-12
12.10.3 Higher Education
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EdTech Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EdTech Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EdTech Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Content
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EdTech Market Size Forecast by Applications
13.10.1 Preschool
13.10.2 K-12
13.10.3 Higher Education
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EdTech Market: Competitive Dashboard
14.2 Global EdTech Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYJU'S
14.3.2 VIPKid
14.3.3 iTutorGroup
14.3.4 Udacity
14.3.5 Newsela
14.3.6 Civitas Learning
14.3.7 Dreambox Learning
14.3.8 Guild Education
14.3.9 Coursera
14.3.10 Schoology
14.3.11 Instructure
14.3.12 Knewton
14.3.13 17zuoye
14.3.14 Yuanfudao
14.3.15 Udemy
14.3.16 Age of Learning
14.3.17 HuJiang
