Global Education Technology Market

Education Technology Market Size, Share, Growth Analysis, By Sector(Preschool, K-12, Higher Education, Others), By End User(Consumer, Enterprise), By Type(Hardware, Software [Classroom Management System, Document Management System, Learning and Gamification), By Deployment(On-premises, Cloud), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45E2068 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 90 | Figures: 76

Education Technology Market Regional Insights

North America dominated the Education Technology Market in 2021, accounting for more than 35% of global revenue. This high share can be attributed to a large number of venture capitalists and private equity investors investing in the EdTech sector in the United States. For example, In July 2021, Class Technologies Inc., a U.S.-based EdTech platform that serves both higher education classes and K-12 students, raised approximately USD 105 million in Series B funding. This funding would allow them to expand their global presence outside of the United States and remain resourced to assist universities in teaching the impacted students during the pandemic.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Education Technology Market size was valued at USD 108.63 billion in 2019 and is poised to grow from USD 123.4 billion in 2023 to USD 388.81 billion by 2031, growing at a CAGR of 13.6% in the forecast period (2024-2031).

The Education Technology Market's various competitors are challenged to provide innovative offerings that enable communication in addressing changing technologies, business practices, and security needs. Partnerships, strategic mergers, and acquisitions are expected to be the most effective ways for industry players to gain quick access to emerging markets while also improving technological capabilities. 'Blackboard Inc.', 'IBM Corporation', 'Apple Inc.', 'Microsoft', 'Oracle ', 'Google LLC', 'Dell Technologies Inc.', 'SAP ', 'Cisco 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'

Due to the closure of educational institutes during the COVID-19 crisis, distance learning became one of the most prominent trends in the edtech and smart classroom industry. The pandemic has significantly changed how information is taught and learned. Learners are shifting to digital learning concepts via digital platforms as a result of social distancing norms. Despite the reopening of some educational institutions, the trend of distance learning may continue until 2021. As a result, there is a growing demand for online educational platforms. Distance learning can take the form of a slide-based online activity or an online course that assists learners in learning necessary skills.

The classroom learning experience has changed dramatically since the advent of Virtual Reality (VR) and Augmented Reality (AR) into education. AR enhances real-world experiences by utilizing images, videos, and interactive data. AR can be experienced via portable devices such as smartphones or smart glasses. VR offers a fully manufactured immersive 3D experience. It gives people the impression that they are in a genuine environment. VR headsets allow users to experience authentic sounds and vivid images in a digital environment.

North America dominated the Education Technology Market in 2021, accounting for more than 35% of global revenue. This high share can be attributed to a large number of venture capitalists and private equity investors investing in the EdTech sector in the United States. For example, In July 2021, Class Technologies Inc., a U.S.-based EdTech platform that serves both higher education classes and K-12 students, raised approximately USD 105 million in Series B funding. This funding would allow them to expand their global presence outside of the United States and remain resourced to assist universities in teaching the impacted students during the pandemic.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

EdTech And Smart Classrooms Market
Buy Now GET FREE SAMPLE
Online Education Market
Buy Now GET FREE SAMPLE
Educational Robot Market
Buy Now GET FREE SAMPLE
Education & Learning Analytics Market
Buy Now GET FREE SAMPLE
Virtual Classroom Market
Buy Now GET FREE SAMPLE
Blended Learning Market
Buy Now GET FREE SAMPLE
E-Learning Market
Buy Now GET FREE SAMPLE
Medical Education Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Education Technology Market

Report ID: SQMIG45E2068

$5,300
BUY NOW GET FREE SAMPLE