Research Nester published a report titled “Education Technology (EdTech)Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobaleducation technology (EdTech) market in terms of market segmentation by hardware, technology, sector, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global education technology (EdTech) market is estimated to occupy a large revenue by growing at a CAGR of ~19% during the forecast period, i.e., 2022 – 2030, owing to the rising penetration of internet and mobile devices, and growing demand for EdTech solutions in classrooms globally. Apart from these, increasing development of technologies such as artificial intelligence, internet of things (IoT) and AR/VR is also expected to drive market growth in the upcoming years.
The global education technology (EdTech) market is segmented by hardware, technology and sector. Based on hardware, the interactive displays segment is anticipated to grab the largest market share during the forecast period as these products raise the level of learner engagement and encourage student enthusiasm for learning. Furthermore, growing use of interactive displays to present images and videos is also expected to further the growth of this market segment in the future.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the rise in investments from private equity investors and venture capitalists in the education sector in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Users of Internet and Mobile Devices to Boost Market Growth
As the penetration of internet and smart devices is growing across the world, more students are opting for distance learning or smart-classroom based learning. Coupled with the surge in global shift towards e-books that can be accessed from any location, the market is estimated to witness notable growth opportunities in the near future.
However, data breach concerns associated with the use of this technologyare expected to operate as key restraints to the growth of the global education technology (EdTech) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global education technology (EdTech) market which includes company profiling of Blackboard, Inc., Google LLC, Instructure, Inc., Microsoft Corporation, Chegg, Inc., Coursera, Inc., Edutech, edX Inc., Udacity, Inc., upGrad Education Pvt. Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global education technology (EdTech) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
