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A fundamental driver of e-learning market expansion is the surge in internet and smartphone penetration. This transformation has revolutionized content delivery methods and continually enhanced bandwidth capabilities while lowering data costs.

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.

As virtual classrooms become more accessible, the integration of Metaverse technology becomes increasingly important in the field of education. Educational institutions and technology companies are collaborating to create interactive, engaging, and collaborative learning experiences by eliminating physical barriers.

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