Global Educational Technology Market Size By Type (Hardware, Content), By Sector (K-12, Higher education), And Geographic Scope And Forecast

Educational Technology Market Size And Forecast

Educational Technology Market size is valued at USD 106.91 Billion in the year 2021 and it is expected to reach USD 388.81 Billion in 2030 at a CAGR of 15.43% over the forecast period of 2023 to 2030.

Due to the widespread use of mobile technology and rising educational spending, the global market has experienced a rapid shift in recent years. The Global Educational Technology Market report provides 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.

Global Educational Technology Market Definition

Education technology (EdTech) refers to software and hardware that are used to educate students virtually in order to improve classroom learning and educational outcomes. By utilizing technology for learning and teaching, EdTech platforms help students overcome barriers to receiving a comprehensive education. eBooks, which can be accessed online from anywhere in the world, are becoming increasingly popular among students.

The production of digital content is less expensive than that of printed content, which has higher production costs. Digital books are available in a number of languages and can be easily translated and accessed by a wider audience. Learners, particularly those with physical disabilities, can also listen to audio-educational content to improve their vocabulary and encourage better interpretative reading.

Global Educational Technology Market Overview

It's amazing how eBooks are changing the game and boosting the Educational Technology Market! Big players like distributors, online bookstores, and even tablet makers are really pushing the book world into a digital future. And let's be real, Amazon has become a huge deal in the US, making it super easy and affordable for anyone to grab a book thanks to their cool e-readers. Another big thing happening in the Educational Technology Market? Everyone wants to learn online! Distance learning has seriously leveled up in the past decade. Schools and universities are using the Internet to give people the chance to learn all sorts of new skills. And, since the Coronavirus outbreak, online learning has become even more essential in our lives.

With the pandemic turning everything upside down, schools, colleges, and even companies had to figure out how to work from home, which made a lot of people curious about learning online. At first, schools and universities just wanted to keep things going any way they could, focusing on quick remote learning solutions. But as the pandemic dragged on, they really stepped up their game. Now, digital learning is taking off because online platforms offer a way to learn that's interactive, flexible, high-quality, and lets you work with others. Plus, you can fit classes into your own schedule! That's why you see so many schools offering online options these days.

Think of itcorporations are now using cool online training modules to get their employees up to speed and even sharpen their current skills. Digital learning is also pretty awesome at solving problems with old-school teaching methods, like the fact that everyone learns at their own pace. Schools are jumping on the digital bandwagon too, using it to track students more efficiently, cut costs, and even boost safety and security. Plus, it arms teachers, administrators, students, and researchers with all sorts of helpful information tools. And hey, remember when the Delhi government in India launched Learning via E-Resources (LEAD) back in July 2020? That was a big deal! It's a digital site packed with teacher training info and teaching goodies like lesson plans, jazzed-up texts, concept videos, and worksheets.

However, EdTech data is used to make strategic decisions and set individualized student goals. Hackers may gain unauthorized access to sensitive data in transit if network security is inadequate. It may infringe on the concerned individual’s privacy and endanger their safety. While copyright laws prohibit data exploitation, legislators around the world are concerned about privacy and responding to citizens’ concerns. The number of attacks on higher education institutions has recently increased significantly, limiting the Educational Technology Market growth.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Educational Technology market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

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 global Educational Technology Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Educational Technology Market Segmentation Analysis

The Global Educational Technology Market is Segmented on the Basis of Type, Sector, And Geography.

Educational Technology Market, By Type

• Hardware
• Content
• Software

Based on Type, the market is segmented into Hardware, Content, and Software. During the forecast period, the hardware segment’s market share will grow significantly. Educational, personal computers (PCs), interactive displays, classroom wearables, sound systems, projectors, and lecture capture solutions are all part of the Edtech hardware segment. There is a significant increase in the adoption of personal computer devices such as desktops and laptops among university students.

Educational Technology Market, By Sector

• K-12
• Higher education
• Others

On the basis of Sector, the market is segmented into K-12, Higher education, and Others. In 2022, the K-12 segment led the market. The high proportion is due to the increasing prevalence of game-based learning in the K-12 sector. The majority of K-12 teachers support gamification initiatives in schools to improve students’ maths learning skills through the integration of practical, project-based work.

Educational Technology Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

So, when we look at where educational technology is used around the globe, we can break it down by regionNorth America, Europe, Asia Pacific, and everywhere else. Right now, North America is leading the charge in the global EdTech market. Why? Well, they've got a great infrastructure and are quick to embrace new tech in schools and for students. The United States, in particular, has been a real innovator in going digital, which really boosts the market. With such a solid internet setup, schools in this area can easily adopt smart learning tools. Plus, you're seeing more software options popping up from different companies, along with hosting and cloud services.

Key Players

The “Global Educational Technology Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Alphabet Inc., Anthology Inc., Chegg Inc., Cornerstone OnDemand Inc., Coursera Inc., D2L Corp., edX LLC, Ellucian Co. LP, Instructure Holdings Inc., Microsoft Corp., Oracle Corp., PleIQ Smart Toys Spa, Promethean World Ltd., Think and Learn Pvt. Ltd. among others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

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.

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Reasons to Purchase this Report

We dig into the market using both numbers and insights, breaking it down by things like income and lifestyle. You'll get the market size (in USD Billion) for every segment and sub-segment. We'll point out the region and segment we think will grow the fastest and be the biggest. Plus, we look at how each region uses the product/service and what's driving the market there. We also map out the competitive landscape, showing the big players' rankings, new stuff they've launched, partnerships, expansions, and acquisitions over the last five years. Extensive company profiles give you an overview, key insights, product comparisons, and SWOT analysis for the major players. We'll give you a look at where the market is now and where it's headed, considering recent happenings, opportunities, growth engines, and the challenges in both new and established markets. We even give you an in-depth market analysis through Porter's five forces. Get a better understanding of the market through our Value Chain analysis. You'll also see the market dynamics and potential growth opportunities in the years ahead. And don't forget, you get 6 months of analyst support after the sale!

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