The report added that the market growth is expected to continue significantly through 2029. It added that the growth of the edtech market can be attributed to the increased demand for applications in Kindergarten, K-12, and Higher Education globally.
The global education technology market is projected to grow at an annual rate of 16.4 percent, from $186.7 billion in 2021 to $464.6 billion by 2027, according to the latest research by Precision Reports.
The report added that the market growth is expected to continue significantly through 2029.
It added that the growth of the edtech market can be attributed to the increased demand for applications in Kindergarten, K-12, and Higher Education globally.
In 2022, the global education technology market is expected to be driven by three main product types: hardware (IWB, Projectors, Displays, Printers), systems (learning management systems, learning content management systems, student response systems, digital media solutions), and technologies such as gaming analytics, enterprise resource planning, and dashboards.
The leading regions in the education technology market are North America (including the United States, Canada, and Mexico), Europe (including Germany, United Kingdom, France, Italy, Russia, and Turkey), Asia-Pacific (including China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam), South America (including Brazil, Argentina, and Columbia) and the Middle East and Africa (including Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
Precision Reports’ research provides a comprehensive overview of the education technology market, analyzing its size, industry chain dynamics, and regional segments. It includes detailed quantitative analysis and in-depth qualitative insights into all aspects of the market.
It covered various aspects of the industry, including market share, concentration ratio, and leading players. The report also considers mergers and acquisitions, emerging trends, the impact of COVID-19, and regional conflicts.
Prominent players in the global education technology sector include BYJU’s, Blackboard, Chegg, Classera, Coursera, Edutech, edX, Google, Instructure, Microsoft, Udacity, and upGrad Education Private Limited. These companies actively contribute to shaping the future of education through innovative technologies.
Recently, edtech company Classera emphasized the importance of technology for education and training, noting that the summit aimed to achieve digital transformation goals. Government agencies, institutions, and the private sector were all represented at the global event.
