Global Edtech technology Market Overview:
Edetch is a term for the combination of education and technology. Edtech Technology is an online platform. It includes different forms like educational apps and games, podcasts, learning management systems (LMS), and video conferencing software like Zoom. Edtech aims to increase individualized learning, enhance student results, and lessen the workload on teachers. There are a wide range of advantages, including that they allow students to learn from home, students can learn at their own pace, and parents can be more involved in kids’ education. The COVID-19 pandemic accelerated the adoption of remote learning and the need to invest in online platforms and video conferencing tools.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Moving trend from teaching to learning
Market Growth Drivers:
Rising demand for skill development and The rapid shift to digital learning led to the adoption of technology
Challenges:
Technological issues such as, poor wi-fi connectivity, audio or video distortion, trouble uploading or downloading files. and Collecting and storing student data raises concerns about privacy violations and potential misuse.
Restraints:
High-quality Edtech solutions can be expensive and Lack of proper training can impede the successful implementation of edtech tools and resources.
Opportunities:
The demand for young skilled professionals in the workforce. and Develop platforms offering focused courses and badges for specific skills.
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages.
Some of the key players profiled in the report are Chegg Inc (United States), Kahoot! (Norway), Duolingo (United States), Byjus (India), 2U (United States), VIPKID (China), Sorting Hat Technologies Pvt Ltd (India), Pluralsight LLC. (United States), World Economic Forum (Switzerland), Coursera Inc. (United States), Instructure, Inc (United States), Beijing Yuanli Education Technology Co., Ltd. (China), Scaler (India) and Udemy, Inc. (United States). Considering Market by Type, the sub-segment i.e. Asynchronous Learning will boost the Edtech technology market. Considering Market by Technology , the sub-segment i.e. Hardware will boost the Edtech technology market. Considering Market by Education Levels, the sub-segment i.e. Preschool will boost the Edtech technology market. Considering Market by End User, the sub-segment i.e. Students will boost the Edtech technology market.
Latest Market Insights:
In December 2022, Instructure Holdings, Inc. acquired of Learn Platform, the leading provider of technology that enables educators and their institutions to research, select and evaluate digital learning solutions. This unique platform equips stakeholders across the educational landscape with real-time, meaningful insight into the effectiveness of their tools of choice. and In March 2023, Edtech company, Scaler, has entered into a strategic agreement with the National Skill Development Corporation (NSDC) to provide upskilling programs aimed at meeting the increasing demand for software development engineers, data scientists, and machine learning specialists in India. The partnership intends to standardise tech upskilling in rapidly growing industries and recognize it as the most effective way to develop a large pool of skilled workers.
In May 2022, Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, launched its new EdTech Studio today. As the education sector faces a new paradigm shift, Globant will leverage its extensive technology skills and industry expertise to provide organizations with strategic consulting, design, and end-to-end digital solutions, empowering them to propel life-long learning experiences and In November 2021, the world’s largest education technology unicorn, BJYU’s, has launched its new innovation hub, BJYU’s Lab. The company, known best for its online learning platform BJYU’s Future School.
What Can be Explored with the Edtech technology Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Edtech technology Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Edtech technology
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Edtech technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Edtech technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Research organization, Government Regulatory, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.