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Education Technology Market analysis (Report 2019-2027): market size US$ 435.60 Billion by 2027

January 28, 2020 GMT

Sanjose, CA USA, January 28, 2020 (Wired Release) Credence Research The education technology market was valued at USD 142.81 billion in 2018 and is expected to reach USD 435.60 billion by 2027 for a CAGR of 13.33 per cent during the forecast period from 2019 to 2027.

Modern education technology is expanding accessibility to education, including full degree programmes. Empowerment non-full-time students with better integration, particularly in the field of continuing education, and improving interactions between students and trainers are some of the key factors driving the growth of the education technology market. The combination of factors, including increased competition, rapid adoption of mobile devices, ease of access, increased investment flow in edtech and lower costs, are collectively driving demand for the education technology market. In 2018, more than USD 8 billion of investments were made in the global education technology sector. The efforts of various national governments are increasing as they become more focused on improvising the literacy rate of their citizens. The growing middle class sector in countries such as China and India is also driving the growth of the education technology market.

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North America holds the largest share of the market in education technology. Major US and Canadian higher institutions and organizations have shifted their traditional legacy education systems and processes to high-tech online education technology and systems. The government also focuses on emerging technologies and is facilitating huge regional investment. North Americas dominance will continue throughout the forecast period, while underdeveloped countries and emerging economies are expected to see higher adoption rates, boosting the education technology market. The strongest growth in APAC is likely to be witnessed in India followed by China. There is a growing trend in the early childhood care and education market in Asia, driven by an increase in the number of working parents with higher incomes and a growing awareness of the importance of early development.

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Geographic Coverage

North America Education Technology Market Revenue and Forecast

Europe Education Technology Market Revenue and Forecast

Asia Pacific Education Technology Market Revenue and Forecast

Latin America Education Technology Market Revenue and Forecast

Middle East and Africa Education Technology Market Revenue and Forecast

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List of Companies Covered:

Google LLC

Microsoft Corporation

IBM Corporation

Apple, Inc.

EdX

Coursera

HelpHub

Code Monkey

Edukart

Byju’s

Simplilearn

Key questions answered in this report

What are the current market trends and dynamics in the education technology market and valuable opportunities for emerging players?

Which segment accounts for the fastest CAGR during the forecast period?

Which product type segment holds a larger market share and why?

Are low and middle-income economies investing in the education technology market?

What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East Africa?

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global Education Technology market specific to key segments, and regional segmentation.

Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global Education Technology market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for extensive commercial study of the key players operating in Education Technology market. In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for Education Technology market study.

Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with the leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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