Edtech Market Global Industry to USD 422.95 billion with A Remarkable CAGR of 13.65% | KR

0
795

Kings Research published a new report on Edtech Market Size, Global Industry, Growth, Industry Trends & Forecast 2031, covering various industry elements and growth trends helpful for predicting the industry future. 

Edtech Market was predicted to be USD 152.10 billion in 2023, projected to expand at a compound annual growth rate (CAGR) of 13.65% from 2024 to 2031, and estimated to be USD 172.71 billion in 2024. The growing need for education outside of traditional classrooms and globalization are driving industry expansion.

List of Key Companies in Edtech Market

  • Anthology Inc.
  • Coursera Inc.
  • Udemy, Inc.
  • McGraw Hill
  • Duolingo, Inc.
  • Showbie Inc.
  • FutureLearn Limited
  • BYJU’S
  • upGrad Education Private Limited
  • Edutech

Get Full Info with TOC @ https://www.kingsresearch.com/edtech-market-722 

Competitive Landscape

The EdTech market is highly fragmented, with key players including Anthology Inc., Coursera Inc., Udemy, McGraw Hill, Duolingo, and BYJU'S. These companies are expanding their market reach through strategic initiatives such as mergers and acquisitions, partnerships, and product innovations. For instance, Accenture's launch of the LearnVantage platform highlights the trend towards providing comprehensive technology learning services to enhance skills and business value​

Regional Insights

Asia-Pacific

Asia-Pacific is expected to witness significant growth, with a projected revenue of USD 103.88 billion by 2031, growing at a CAGR of 14.50% from 2024 to 2031. The region's rapid adoption of mobile learning and supportive government policies are major contributors to this growth. Additionally, the young and large population base in countries like India and China drives demand for innovative and scalable EdTech solutions​.

North America and Europe

North America and Europe continue to be major markets for EdTech, with substantial investments in advanced educational technologies and a strong focus on improving educational outcomes through digital solutions. These regions benefit from high internet penetration, technological infrastructure, and a culture of innovation in education

Market Segmentation

By Deployment

The on-premise segment held the largest market Global Industry in 2023, accounting for 64.08%. However, cloud-based solutions are expected to gain traction due to their scalability and lower infrastructure costs

By Application

The K-12 segment generated the highest revenue, with USD 65.11 billion in 2023, reflecting the high demand for educational technology in primary and secondary education. The emphasis on foundational learning and the integration of technology in early education are significant factors in this segment's growth.

The hardware segment is anticipated to reach a value of USD 226.07 billion by 2031. This includes interactive displays, tablets, and other technological devices used in educational settings

Future Prospects

The future of the EdTech market looks promising, with continuous innovations and the integration of advanced technologies such as AI, VR, and AR. Personalized learning for special needs students, gamified learning solutions, and the development of adaptive learning platforms are areas expected to see significant growth. These technologies not only enhance learning experiences but also ensure inclusivity and accessibility for diverse learner groups​

 

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Contact Us:

Kings Research

Website: https://www.kingsresearch.com

E-mail: business@kingsresearch.com

Phone: (+1) 888 328 2189

Rechercher
Catégories
Lire la suite
Autre
Osteoarthritic Pain Market Dynamics: Key Drivers and Restraints 2021-2028
This Osteoarthritic Pain market report has been prepared by considering several fragments of...
Par Sanket Patil 2024-10-23 11:25:40 0 773
Autre
Effortlessly Send and Transfer Large Files: How to Send 100GB or 10GB Files for Free with SendBig
Sending large files can often be a hassle, especially when most email services limit attachments...
Par picupserv85_gmail 2024-10-18 11:54:50 0 1KB
Autre
Lightweight Motorcycle Helmet Market Size, Share, Growth Report 2032
DataIntelo has published a latest market research report on the Global Lightweight Motorcycle...
Par geetadesai202_gmail 2024-11-11 14:03:18 0 505
Autre
Bundling Films Market: Insights, Key Players, and Growth Analysis 2028
"The Bundling Films Market sector is undergoing rapid transformation, with significant...
Par Mangesh Kokate 2024-11-07 14:12:27 0 701
Autre
Unveiling the Future: Fecal Calprotectin Test Market Size and Global Forecast 2031
Kings Research™ presents this information in its report titled, "Fecal Calprotectin Test...
Par Kings ResearchInfo 2024-10-24 07:27:10 0 879