PUBLISHER: IMARC | PRODUCT CODE: 1370568
PUBLISHER: IMARC | PRODUCT CODE: 1370568
Edtech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global edtech market size reached US$ 194.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 452.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.
Education technology (EdTech) refers to a technology that is used to deliver education on a virtual level. EdTech consists of hardware and software that are used to deliver education on a virtual level for the benefit of students and to improve their education outcomes. The use of technology for learning and teaching assists students in overcoming hurdles to obtaining a comprehensive education. Digital content is easier to generate than printed content, which has a higher production cost, and therefore eBooks are becoming increasingly popular among learners due to their cost efficiency, flexibility and portability. Additionally, listeners with disabilities can benefit from audio formats of educational content to improve their vocabulary and learn to read interpretively.
Edtech Market Trends:
The market is majorly driven by the paradigm shift in the adoption of touchscreen displays from projector-based displays to provide more student engagement. This can be attributed to the rapid digitization in the education sector. In addition to this, the rapid utilization of artificial intelligence (Al) and machine learning (ML) technologies for creating personalized eLearning experiences is creating a positive market outlook. Moreover, the expanding penetration of high-speed internet, along with the increasing sales of smart devices, is providing an impetus to the market. Increasing investments in online learning and distance learning programs due to their flexibility and real-time feedback are also impacting the market positively. The market is further propelled by the outbreak of COVID-19 leading to the rapid closure of educational institutions and the mandatory implementation of social distancing norms resulting in widespread digital learning via digital platforms. Some of the other factors that are contributing to the market include rapid urbanization, inflating disposable income levels, the emergence of 5G, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global edtech market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on sector, type, deployment mode and end user.
Breakup by Sector:
Preschool
K-12
Higher Education
Others
Breakup by Type:
Hardware
Software
Content
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by End User:
Individual Learners
Institutes
Enterprises
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 2U Inc., BYJU'S, Chegg Inc., Class Technologies Inc., Coursera Inc., Edutech, Google LLC (Alphabet Inc.), Instructure Inc., Lenovo Group Limited, SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.), Udacity Inc. and upGrad Education Private Limited.
Key Questions Answered in This Report
- 1. What was the size of the global edtech market in 2022?
- 2. What is the expected growth rate of the global edtech market during 2023-2028?
- 3. What are the key factors driving the global edtech market?
- 4. What has been the impact of COVID-19 on the global edtech market?
- 5. What is the breakup of the global edtech market based on the sector?
- 6. What is the breakup of the global edtech market based on the type?
- 7. What is the breakup of the global edtech market based on the deployment mode?
- 8. What is the breakup of the global edtech market based on the end user?
- 9. What are the key regions in the global edtech market?
- 10. Who are the key players/companies in the global edtech market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Edtech Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Sector
- 6.1 Preschool
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 K-12
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Higher Education
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Type
- 7.1 Hardware
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Software
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Content
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Deployment Mode
- 8.1 Cloud-based
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 On-premises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Individual Learners
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Institutes
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Enterprises
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 2U Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 BYJU'S
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Chegg Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Class Technologies Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Coursera Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Edutech
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Google LLC (Alphabet Inc.)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 SWOT Analysis
- 15.3.8 Instructure Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Lenovo Group Limited
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Udacity Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 upGrad Education Private Limited
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 2U Inc.
List of Figures
- Figure 1: Global: Edtech Market: Major Drivers and Challenges
- Figure 2: Global: Edtech Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Edtech Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Edtech Market: Breakup by Sector (in %), 2022
- Figure 5: Global: Edtech Market: Breakup by Type (in %), 2022
- Figure 6: Global: Edtech Market: Breakup by Deployment Mode (in %), 2022
- Figure 7: Global: Edtech Market: Breakup by End User (in %), 2022
- Figure 8: Global: Edtech Market: Breakup by Region (in %), 2022
- Figure 9: Global: Edtech (Preschool) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Edtech (Preschool) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Edtech (K-12) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Edtech (K-12) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Edtech (Higher Education) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Edtech (Higher Education) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Edtech (Other Sectors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Edtech (Other Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Edtech (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Edtech (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Edtech (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Edtech (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Edtech (Content) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Edtech (Content) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Edtech (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Edtech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Edtech (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Edtech (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Edtech (Individual Learners) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Edtech (Individual Learners) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Edtech (Institutes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Edtech (Institutes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Edtech (Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Edtech (Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: North America: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: North America: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: United States: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: United States: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Canada: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Canada: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Asia-Pacific: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Asia-Pacific: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: China: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: China: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Japan: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Japan: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: India: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: India: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: South Korea: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: South Korea: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Australia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Australia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Indonesia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Indonesia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Europe: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Europe: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Germany: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Germany: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: France: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: France: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: United Kingdom: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: United Kingdom: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Italy: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Italy: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Spain: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Spain: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Russia: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Russia: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Latin America: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Latin America: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Brazil: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Brazil: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Mexico: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Mexico: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Middle East and Africa: Edtech Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Middle East and Africa: Edtech Market: Breakup by Country (in %), 2022
- Figure 81: Middle East and Africa: Edtech Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Global: Edtech Industry: SWOT Analysis
- Figure 83: Global: Edtech Industry: Value Chain Analysis
- Figure 84: Global: Edtech Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Edtech Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Edtech Market Forecast: Breakup by Sector (in Million US$), 2023-2028
- Table 3: Global: Edtech Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Edtech Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 5: Global: Edtech Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Edtech Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Edtech Market: Competitive Structure
- Table 8: Global: Edtech Market: Key Players
