Global Edtech
Market Report
2024
Edtech Market size is USD 143815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global edtech market size will be USD 143815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Edtech Market Sales Revenue 2024 | $ 143815 Million |
Global Edtech Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14% |
North America Edtech Sales Revenue 2024 | $ 57526.1 Million |
North America Edtech Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.2% |
Europe Edtech Sales Revenue 2024 | $ 43144.6 Million |
Europe Edtech Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Asia Pacific Edtech Sales Revenue 2024 | $ 33077.5 Million |
Asia Pacific Edtech Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16% |
South America Edtech Sales Revenue 2024 | $ 7190.76 Million |
South America Edtech Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.4% |
Middle East and Africa Edtech Sales Revenue 2024 | $ 2876.3 Million |
Middle East and Africa Edtech Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.7% |
Market Split by Components |
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Market Split by End Use |
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Market Split by Application |
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Market Split by Deployment |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Edtech industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Edtech Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The EdTech market encompasses technological solutions designed to enhance educational processes, including online learning platforms, educational apps, and virtual classrooms. It facilitates personalized learning experiences, fosters accessibility, and improves engagement through innovative digital tools, catering to diverse educational needs globally. Surge in the demand for online learning solutions, fueled by the evolving landscape of education and the digital transformation of traditional teaching methodologies. As technology continues to advance, there is a growing recognition of the need for flexible and accessible education options that cater to diverse learning styles and preferences. Online leaming provides a platform for students of all ages to access educational content anytime, anywhere, breaking down geographical barriers and enabling a more inclusive and personalized learning experience. This demand is particularly evident in the context of higher education and professional development, where individuals seek to acquire new skills or enhance existing ones to stay competitive in the rapidly changing job market.
Another significant driver shaping the edtech market is key players employing diverse strategies to capitalize on this momentum. Some focus on content curation and customization, tailoring educational materials to diverse learning styles. Others emphasize technological innovation, integrating AI and AR for immersive learning experiences. Additionally, strategic partnerships with educational institutions enable market penetration and credibility. Furthermore, subscription-based models offer scalable revenue streams. Overall, a blend of content quality, technological advancement, and strategic collaborations define the competitive landscape of the market.
In May 2021, SAP SE introduced SAP Learning Hub, a free educational delivery for students and instructors. This recent free service for the next era of aptitude will give the knowledge and opportunity needed to achieve digital skills in high demand. (Source: https://news.sap.com/2021/05/launch-sap-learning-hub-edition-for-sap-next-gen/)
One key driver in the edtech market is growing investments in the education sector. As technology continues to revolutionize learning, investors are pouring funds into innovative solutions spanning online courses, virtual classrooms, adaptive learning platforms, and AI-powered tutoring systems. With the global education market poised for further expansion, these investments signify not only financial potential but also a commitment to shaping the future of learning through technology-enabled solutions.
Another key driver in the edtech market is reduced costs of internet data and online learning material. Rising mobile penetration and the low expenses of e-learning materials are seen as game-changers in the education industry's expansion. In terms of mobile and internet utilization, Europe, the U.S., and developing countries lead the trend. Meanwhile, significant growth is projected from emerging markets, with mobile phones being an essential device for acquiring knowledge. Therefore, the market is projected to witness booming growth in the near future.
Smart classroom infrastructure is costly, such as smart equipment, including PCs, projectors, tablets, and numerous complicated software. Furthermore, to remain up to date with software upgrades and modifications, educational institutions may required to acquire a tech expert, which is an additional cost. Addressing these obstacles necessitates strategic partnerships, scalable solutions, and targeted training programs to empower educators and students alike in navigating the evolving landscape of educational technology. Thus, the adoption of these solutions is likely to be restrained by such extended expenditures.
The COVID-19 pandemic has spurred unprecedented growth in the EdTech market. With physical classrooms closed, schools and universities turned to online learning solutions, driving demand for digital education tools and platforms. This surge has catalyzed innovation and investment in EdTech, leading to the development of diverse learning technologies, from virtual classrooms to AI-driven tutoring systems. As education embraces digital transformation, EdTech companies are positioned for sustained expansion, reshaping the way students learn, and educators teach in a post-pandemic world.
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The competitive landscape of the edtech market is characterized by a broad range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Major players in the market account for a considerable share of the market and are concentrating on expanding their customer base across the world.
In April 2021, EdCraft, an education platform founded by McKinsey alumni, secured USD 1 million in funding from angel investors in Silicon Valley. EdCraft is an online educational platform for primary school children that is accessible on mobile and web. (Source: https://www.consulting.us/news/5888/edtech-platform-founded-by-mckinsey-alumni-ropes-in-funding) In March 2020, Telkomsel, an Indonesian cellular network operator, declared plans to deliver 500,000 mobile phones to kids and 30GB of free data per month to utilizers of Ruangguru, a K-12 learning app. (Source: http://www.thejakartapost.com/life/2020/03/28/telkomsel-provides-students-with-30gb-of-free-internet-for-distance-learning.html)
Top Companies Market Share in Edtech Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the edtech market due to its advanced technological infrastructure, high adoption of digital learning solutions, and strong investment in education technology. The region is home to major edTech companies, innovative startups, and renowned educational institutions that drive the development and adoption of cutting-edge technologies.
Asia Pacific stands out as the fastest-growing region in the Edtech market due to the region's rising prevalence of computing and smart devices among the masses. In recent times, growing countries such as India have noticed a wave of inexpensive broadband connectivity, resulting in multiple education technology firms reaching out to the population. This trend is anticipated to allow users to experience educational learning with the help of internet connectivity.
The current report Scope analyzes Edtech Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global ddtech market size was estimated at USD 143815.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 57526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
According to Cognitive Market Research, the global edtech market size was estimated at USD 143815.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 43144.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.
According to Cognitive Market Research, the global Edtech market size was estimated at USD 143815.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 33077.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.
According to Cognitive Market Research, the global edtech market size was estimated at USD 143815.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 7190.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
According to Cognitive Market Research, the global edtech market size was estimated at USD 143815.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2876.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.
Global Edtech Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Edtech Industry growth. Edtech market has been segmented with the help of its Components, End Use Application, and others. Edtech market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, hardware stand out as the dominating category due to the proliferation of mobile devices, such as tablets, laptops, and smartphones, has revolutionized how students and educators engage with educational content both inside and outside the classroom. These devices serve as platforms for accessing digital textbooks, multimedia resources, and interactive learning applications, empowering learners to explore, collaborate, and create in ways previously unimaginable.
Software emerged as the fastest-growing category in the edtech market due to innovation in content delivery with the incorporation of advanced visualization techniques. This can be due to the availability of various e-learning portals delivering better-quality educational content in the form of test-prep materials, study notes, question banks, and learning videos.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Edtech Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the business category held the major market share due to increased demand for remote learning solutions, personalized education, and skill development. Key drivers include the adoption of online platforms by educational institutions, rising internet penetration, and the need for continuous learning. Businesses can capitalize on this trend by delivering innovative digital learning tools and content.
The fastest-growing category in the edtech market is consumer due to the rising awareness among parents and students, and the incremental shift from traditional education toward digital formats is projected to drive this segment's expansion. Lifelong learning is becoming a rising trend among adults and corporate workers as it delivers flexibility, concentrating time and location to gain additional knowledge.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Edtech market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the dominating category is K-12 due to the growing adoption of educational technology solutions across primary and secondary education settings. This reflects the increasing importance of digital learning tools in K-12 curricula worldwide. As educational institutions continue to prioritize technology integration and digital transformation initiatives, the demand for K-12-focused edTech solutions is expected to remain strong, presenting significant opportunities for creation and investment in the years ahead.
The fastest-growing category in the edTech market is higher education due to the rising demand for flexible learning solutions, personalized education experiences, and the requirement for upskilling in a rapidly developing job market. Technological advancements, such as AI-driven adaptive learning platforms and virtual reality simulations, further fuel innovation and accessibility in education.
According to Cognitive Market Research, the dominating category is techs for on-premises due to the reliability and scalability of utilizing in the EdTech market. On-premises deployment is known as installing software or services on a firm's premises or procedures. The on-premises division is accountable for licensing, maintaining, and selling on-premises and mobile software developments and delivering software maintenance services.
The fastest-growing category in the edtech market is cloud due to the rising utilization of learning analytics, reduced cost of ownership, and rise in the adoption of mobile learning. Cloud deployment appeals to firms of all sizes because it delivers regular data backup, lower operational costs, lower capital, high security, and rapid deployment features for always-on functioning.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
As a research analyst, Swasti brings a unique blend of analytical prowess and strategic thinking to the table. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations. Her passion lies in leveraging data-driven approaches to guide decision-making and drive organizational success.
I played a central role in market research endeavors and competitive analysis. I have a demonstrated ability to leverage diverse data sources, employing advanced analytics tools to discern patterns and trends. My collaborative approach facilitated effective communication of insights, fostering a culture of data-driven decision-making within the organization. I am committed to continuous professional development, actively seeking opportunities for skill enhancement through workshops, industry conferences, and staying abreast of emerging trends in research methodologies.
The global edtech market will expand significantly by 14.00% CAGR between 2024 to 2031. K-12 is the dominant category. As schools and districts seek to modernize teaching and learning practices, they are turning to EdTech solutions to enhance student engagement, personalize instruction, and improve educational outcomes. The dominant category is on-premises due to personalized learning, remote education, and data analytics. On-premises solutions offer security and control for institutions' data.
Disclaimer:
Components | Hardware, Interactive White Board, AR/VR Devices, Projectors, Webcasting Devices, Others, Software, Learning Management System Platform, Virtual Classroom Software, Others, Services, Managed Learning Services, Professional Services, Learning and Content Management, Consulting, Integration and Implementation, Support and Maintenance |
End Use | Business, Consumer |
Application | Preschool, K-12, Higher Education, Others |
Deployment | Cloud, On-Premises |
List of Competitors | Coursera Inc, BYJU’S, Chegg Inc., 2U Inc., Amazon Inc., Blackboard Inc., Edutech, Google LLC, edX Inc., Instructure, Inc., Udacity, Inc., upGrad Education Private Limited |
This chapter will help you gain GLOBAL Market Analysis of Edtech. Further deep in this chapter, you will be able to review Global Edtech Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Edtech Market Trends North America Edtech Technological Road Map North America Edtech Market Drivers North America Edtech Market Restraints North America Edtech Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Components Analysis 2019 -2031, will provide market size split by Components. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Components Analysis 2019 -2031
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Chapter 11 Market Split by End Use Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
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Chapter 13 Market Split by Deployment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Edtech market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Edtech market? |
What are the key factors affecting the Hardware and Interactive White Board of Edtech Market? |
What is the CAGR/Growth Rate of Business during the forecast period? |
By type, which segment accounted for largest share of the global Edtech Market? |
Which region is expected to dominate the global Edtech Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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