About Blockchain in Edutech
Blockchain technology is a decentralised system for recording and storing transactional records. Blockchain technology, in particular, is a shared and immutable record of extensive peer-to-peer transactions built from interconnected transactional blocks and stored in a digital locker or a digital ledger. Participants in a network can interact using blockchain technology, which was established by cryptographic processes and techniques, without any prior reliance or trust between the parties involved. In a blockchain system, there is no centralised authority.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Blockchain in Edutech market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shikapa (United States), Blockcerts(Mauritius), APPII(United Kingdom), ODEM(Switzerland), Sony Global Education(Japan), Blockchain Education Network (United States), Disciplina (Russia), Parchment(United States), Bitdegree(Lithuania) and SAP(Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Salesforce(United States), Credly(United States) and Oracle Corporation(United States).
Segmentation Overview
AMA Research has segmented the market of Global Blockchain in Edutech market by , Application (Smart Contracts, Digital Identity, Payment & Transactions and Others) and Region.
On the basis of geography, the market of Blockchain in Edutech has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. K-12 will boost the Blockchain in Edutech market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Blockchain-Enabled Learning Platform will boost the Blockchain in Edutech market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The adoption of digital learning to access the content at any time and anywhere
Market Growth Drivers:
Demand for Blockchain in edutech is increasing and Blockchain in edutech benefits students to update the curriculum that can be also shared with employers.
Challenges:
Lack of Skilled workforce
Restraints:
Lack of awareness regarding the blockchain edutech
Opportunities:
Rising demand for Blockchain smart contracts using Blockchain technology in educational institutions in the region.
Market Leaders and their expansionary development strategies
In June 2022, The Repton Family of Schools in the UAE has partnered with EduChain Inc., the Canadian based EdTech innovators, to create the region’s first K-12 blockchain-secured multimedia digital portfolio, Repton Passport.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Blockchain in Edutech Provider, Raw Material Suppliers, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.