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

The shift in learning preferences towards eBooks is driving growth in the Educational Technology Market. Distributors, internet bookstores, and tablet manufacturers have raised the bar for the book industry’s computerized fate. Amazon has established itself as one of the most important parts of the US by releasing a cutting-edge electronic perusing gadget that makes it simple for customers to purchase books at reasonable prices. A major trend in the Educational Technology Market is the increased demand for distance learning. Online learning has improved dramatically in the last ten years. Instructive organizations have embraced the Internet to provide individuals with the opportunity to learn new skills. Since the Coronavirus outbreak, web-based learning has become more important in people’s lives.

The pandemic has forced schools, colleges, and organizations to work from afar, sparking increased interest in the web or distance learning. Furthermore, as a crisis response, instructive foundations focused on carrying out remote learning modalities in the early stages of Coronavirus. As the pandemic spreads, the response from educational institutions has also grown. Digital learning is expanding because online learning platforms make it simple to understand in interactive, flexible, high-quality, and collaborative ways. Users can also take classes when it is most convenient for them thanks to digital learning. As a result, many schools now offer online education to their students.

Corporations are also using online training modules to teach new skills and help employees improve existing ones. Digital learning can also help to overcome problems with traditional teaching methods, such as the fact that students learn at different rates. Digital learning has been adopted by educational institutions to improve the efficiency of several processes, such as student tracking, lowering operational costs, and improving safety and security. It also provides information tools to teachers, administrators, students, and researchers. In July 2020, the Delhi government in India launched Learning via E-Resources (LEAD), a digital site that includes teacher training information and teaching resources such as lesson plans, revitalized 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

On the basis of Geography, the global educational technology market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America contributes the highest market share in the global Educational Technology Market due to the presence of widely recognized infrastructure and the ready adoption of advanced technologies among educational institutions and students. The United States has been the most aggressive digitizer in this region, contributing significantly to market revenue. The presence of a high level of Internet infrastructure in this region facilitates educational institutions’ rapid adoption of smart learning systems. Software solutions from vendors are becoming more widely available in addition to 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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