UK, India, and Mexico EdTech Market Size By End-Use (K12, Corporate, College, and Higher Education), By Component (Hardware, Content, and Software), By Geographic Scope And Forecast
UK, India, and Mexico EdTech Market Size By End-Use (K12, Corporate, College, and Higher Education), By Component (Hardware, Content, and Software), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
UK, India, and Mexico EdTech Market Size And Forecast
UK, India, and Mexico EdTech Market size was valued at USD 23,669.18 Million in 2022 and is projected to reach USD 83,500.42 Million by 2030, growing at a CAGR of 17.45% from 2023 to 2030.
Robust online technology boosts huge growth opportunities in this industry. The increased use of digital devices, personalized learning, improved access to education, enhanced collaboration and communication, data analytics and assessment, and cost-effectiveness are key drivers behind the growing popularity of EdTech in the UK, India, and Mexico. The UK, India, and Mexico EdTech Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
UK, India, and Mexico EdTech Market Definition
The largest-ever remote learning project was inspired by the coronavirus outbreak. In the past few years, the edtech industry’s education-to-employment sector, which caters to adult learners, has experienced significant expansion. As thousands of new players enter the market, valuations for these education-to-employment edtech companies have experienced a roller-coaster ride, and investors have questioned what scalable and lucrative business models might look like in the industry.
Many businesses are striving to continually upskill their personnel as a result of rapid technological change and enterprise digitization. The cost of internet connectivity has decreased, while distance learning technologies have advanced at the same time.
Education Technology is at a turning point, driven by rising demand. The EdTech industry has undergone a trial period and is currently at a turning point. State and local educational agencies are reinventing themselves around remote learning. Parents are more involved in their children’s education curricula, leading to a growing appetite for tools that engage and educate their children.
The use of digital devices such as laptops, tablets, and smartphones has become more widespread in the UK, and India in schools and at home. This has created a demand for educational technology that can take advantage of these devices and enhance learning experiences.
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UK, India, and Mexico EdTech Market Overview
Robust online technology boosts huge growth opportunities in this industry. Although most colleges and universities in the globe incorporate some kind of online learning into their curricula, transferring all programs online could be difficult. Some universities may already have robust online systems, but smaller institutions would struggle to keep up with the demand.
Through forced exploration and acceptance of digital educational tools and services, the pandemic is speeding trends that are altering education at every stage. The potential contribution of Edtech to adult learning and reskilling has been moving up national agendas in light of post-pandemic unemployment and an automated future, in addition to assisting children and schools in adjusting to distant learning.
EdTech isn't just about fancy gadgets; it's about making learning personal! Imagine a classroom where everyone gets content tailored just for them, at their own speed. That's what EdTech can do, boosting engagement and getting better results. Plus, it can open doors to education, especially for kids in underserved areas. Think online courses and digital resources reaching students who can't always get to a traditional classroom. And it's not just a solo thing! Educational Technology makes it easy for students and teachers to chat and work together, no matter where they are, making learning more fun and interactive. Finally, it gives teachers amazing tools – data and assessments – to see how students are doing and figure out where they might need a little extra help.
Overall, the increased use of digital devices, personalized learning, improved access to education, enhanced collaboration and communication, data analytics and assessment, and cost-effectiveness are key drivers behind the growing popularity of EdTech in the UK, India, Mexico.
UK, India, and Mexico EdTech Market Segmentation Analysis
The UK, India, and Mexico EdTech Market is segmented based on End-Use, Component, and Geography.
UK, India, and Mexico EdTech Market, By End-Use
K12
Corporate
College
Higher Education
To Get a Summarized Market Report By End-Use-
So, how is the EdTech market shaping up by who's using it? Well, we're looking at K12, Corporate, College, and Higher Education sectors. K12 is really leading the pack, grabbing a whopping 49.43% of the market in 2021, which translated to USD 10,127.75 Million. And get this, it's expected to keep growing at a CAGR of 17.66%!
Corporate training is also a big deal. It was the second-largest market in 2021, coming in at USD 4,720.73 Million, and it's actually predicted to grow the fastest, with a CAGR of 18.16%.
Looking specifically at the United Kingdom, K12 still reigns supreme, capturing 46.15% of the market in 2021, valued at USD 3,749.89 Million. It's forecasted to grow at a CAGR of 16.36% moving forward. Again, Corporate training follows closely behind, holding the second-largest market share in 2021 with a value of USD 2,126.77 Million and boasting an impressive projected CAGR of 17.24%.
UK, India, and Mexico EdTech Market, By Component
Hardware
Content
Software
To Get a Summarized Market Report By Component-
When we look at the UK, India, and Mexico EdTech Market by Component, we can break it down into Hardware, Content, and Software. In 2021, Hardware took the lead, grabbing a whopping 44.86% of the market share with a value of USD 9,191.16 Million! Experts predict it'll keep growing at a CAGR of 16.42% over the next few years. Content wasn't far behind, holding the second-largest spot in 2021 with a value of USD 5,947.11 Million and a projected CAGR of 18.02%. Interestingly, Software is expected to see the biggest growth spurt, with a projected CAGR of 18.47%. Now, zooming in on India, Hardware also dominated in 2021, accounting for 43.66% of the market with a value of USD 3,434.88 Million. And forecasts suggest it'll grow at a CAGR of 19.11%. Content held the second spot in 2021, valued at USD 2,319.60 Million and is predicted to expand at a CAGR of 20.59%. But similar to the overall market, Software is expected to grow at the highest CAGR of 21.03% in India.
UK, India, and Mexico EdTech Market, By Geography
UK
India
Mexico
By Geography, the UK, India, and Mexico EdTech Market is classified as United Kingdom, India, and Mexico. Out of which, UK accounted for the largest market share of 39.66% in 2021, with a market value of USD 8,125.86 Million and is projected to grow at a CAGR of 16.29% during the forecast period. India was the second-largest market in 2021, valued at USD 7,867.51 Million in 2021; it is projected to grow at the highest CAGR of 20.09%.
Key Players
The major players in the market are BYJU’S, Blackboard Inc., Chegg, Inc., Coursera Inc., Edutech, edX Inc., Google LLC, Instructure, Inc., Microsoft, Udacity, Inc., upGrad Education Private Limited, & Others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Product benchmarking and SWOT analysis.
Key Developments
In January 2023, Leadership Boulevard Private Limited, India’s one of immense School EdTech companies announced the acquisition of Pearson’s K-12 learning business in India. The acquisition intends to boost its product portfolio to benefit more than 5 Lakh private schools in the country and expand the company’s reach to more than 9,000 schools.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the UK, India, and Mexico EdTech Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the UK, India, and Mexico EdTech Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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