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Global Education Technology Market is valued approximately USD 74.64 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.9 % over the forecast period 2020-2027. Education technology is a type of online learning that can be accessed from anywhere in digital form either through video lectures, e-textbooks, audio format or animated videos to make students learn in an interactive manner. Technological advances in the education sector, such as the Internet of Things (IoT), Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality contribute towards the market growth. The major driver for Education Technology Market is the increase in online courses from top universities around the world. For instance, in 2020, Zhejiang University launched more than 5,000 courses online using “DingTalk ZJU”. In 2020, EdX launched MicroBachelors programs, a series of undergraduate online courses which will also provide real college credits and are job-ready courses. In April, 2021, O.P. Jindal Global University collaborated with Coursera to introduce 3 New Online Masters” Degree Programmes in Business, Public Policy and International Relations. Moreover, various initiatives launched by government of the respective countries to develop education technology are contributing to the market growth. For instance, in 2017, Indian Government launched Study Webs of Active Learning for Young Aspiring Minds (SWAYAM) initiative to develop & deliver Massive open online courses (MOOCs) through video lectures. However, flexible data privacy rules for students that hamper their personal information and lack of digital infrastructure in the developing nations impede the growth of the market over the forecast period of 2020-2027. Also, with the strict regulations by the authorities to safeguard personal data of students and integration of technology in the daily life, the adoption & demand for education technology is likely to increase.
The regional analysis of global Education Technology market is dominated by North America is the leading region among Asia Pacific, North America, Europe, Latin America and Rest of the World Asia Pacific, North America, Europe, Latin America and Rest of the World in terms of market share owing to establishment of the top educational universities and the demand for skill development courses in corporates has been coupled with the well-established Internet-of-Things (IoT) infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as large young population, investments by the EdTech companies and affordable broadband connectivity would create lucrative growth prospects for the Education Technology market across Asia-Pacific region.
Major market player included in this report are:
BYJU’S
Blackboard, Inc.
Chegg, Inc.
Coursera, Inc.
Edutech
edX Inc.
Google LLC
Instructure, Inc.
Microsoft
Udacity, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sector:
Preschool
K-12
Higher Education
Others
By End-User:
Business
Consumer
By Type:
Hardware
Software
Content
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Education Technology Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Education Technology Market, by Region, 2018-2027 (USD Billion)
1.2.2. Education Technology Market, by Sector, 2018-2027 (USD Billion)
1.2.3. Education Technology Market, by End-User, 2018-2027 (USD Billion)
1.2.4. Education Technology Market, by Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Education Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Education Technology Market Dynamics
3.1. Education Technology Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.1.1. Increase in online courses from top universities around the world
3.1.1.2. Sustainable sector launches
3.1.2. Market Challenges
3.1.2.1. Flexible data privacy rules for students that hamper their personal information
3.1.2.2. Lack of digital infrastructure in the developing nations
3.1.3. Market Opportunities
3.1.3.1. Strict regulations by the authorities to safeguard personal data of students
3.1.3.2. Integration of technology in the daily life
Chapter 4. Global Education Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Education Technology Market, by Sector
5.1. Market Snapshot
5.2. Global Education Technology Market by Sector, Performance – Potential Analysis
5.3. Global Education Technology Market Estimates & Forecasts by Sector 2017-2027 (USD Billion)
5.4. Education Technology Market, Sub Segment Analysis
5.4.1. Preschool
5.4.2. K-12
5.4.3. Higher Education
5.4.4. Others
Chapter 6. Global Education Technology Market, by End-User
6.1. Market Snapshot
6.2. Global Education Technology Market by End-User, Performance – Potential Analysis
6.3. Global Education Technology Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
6.4. Education Technology Market, Sub Segment Analysis
6.4.1. Business
6.4.2. Consumer
Chapter 7. Global Education Technology Market, by Type
7.1. Market Snapshot
7.2. Global Education Technology Market by Type, Performance – Potential Analysis
7.3. Global Education Technology Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
7.4. Education Technology Market, Sub Segment Analysis
7.4.1. Hardware
7.4.2. Software
7.4.3. Content
Chapter 8. Global Education Technology Market, Regional Analysis
8.1. Education Technology Market, Regional Market Snapshot
8.2. North America Education Technology Market
8.2.1. U.S. Education Technology Market
8.2.1.1. Sector breakdown estimates & forecasts, 2017-2027
8.2.1.2. End-User breakdown estimates & forecasts, 2017-2027
8.2.1.3. Type breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Education Technology Market
8.3. Europe Education Technology Market Snapshot
8.3.1. U.K. Education Technology Market
8.3.2. Germany Education Technology Market
8.3.3. France Education Technology Market
8.3.4. Spain Education Technology Market
8.3.5. Italy Education Technology Market
8.3.6. Rest of Europe Education Technology Market
8.4. Asia-Pacific Education Technology Market Snapshot
8.4.1. China Education Technology Market
8.4.2. India Education Technology Market
8.4.3. Japan Education Technology Market
8.4.4. Australia Education Technology Market
8.4.5. South Korea Education Technology Market
8.4.6. Rest of Asia Pacific Education Technology Market
8.5. Latin America Education Technology Market Snapshot
8.5.1. Brazil Education Technology Market
8.5.2. Mexico Education Technology Market
8.6. Rest of The World Education Technology Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. BYJU’S
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Sector Summary
9.2.1.5. Recent Developments
9.2.2. Blackboard, Inc.
9.2.3. Chegg, Inc.
9.2.4. Coursera, Inc.
9.2.5. Edutech
9.2.6. edX Inc.
9.2.7. Google LLC
9.2.8. Instructure, Inc.
9.2.9. Microsoft
9.2.10. Udacity, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
Primary Research Sources:
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