Global Education Technology Market Forecast up to 2024

  • 80
    Pages

  • 15
    Tables

  • 40
    Charts

  • 4 / 0
    Regions/ Countries

  • 9
    Companies

  • 10
    Enquiry Hours

Overview of the Education Technology Market

The education industry has witnessed dramatic changes in the past decade and is still undergoing radical process changes in the delivery of its products and services. The advancements in technology and innovations are changing the market scenario and increasing the need for cost-effective and superior customer services. There is an increasing need for the implementation of technological innovations in the educational processes and data to enable better decision plans, greater responsiveness to customer demands, improved product design & quality, and faster turnaround times.

The availability of basic digital infrastructure is a key driver for education technology that will impel the prospects for the market growth during the forecast period. The availability of an essential infrastructure that offers technical support to staff and students is critical to the successful implementation of online learning and teaching in institutions across all levels. In addition, the academic institutions across the world are providing off-campus licenses for software, repositories for course & study materials and online course catalogs. This has resulted in a wider acceptance of digital modes of learning, giving a further boost to the growth of the education technology market.

Education Technology Market Analysis

Infoholic Research forecasts that the education technology market will grow at a CAGR of 15.4% during the period 2018–2024. The institutions and organizations in the education sector are heading towards enhancing their offerings and are partnering with technology providers to cater to the increasing needs of the users. The new digital educational services are developing wide applications in terms of smart technology, connected products, and services with highly secure connectivity, mobility, analytics, and cloud solutions.

Education Technology Market Segmentation Analysis

The report provides in-depth qualitative insights, historical data, and supportable projections & assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendors presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, educational systems, and end-user verticals.

Regions and Vendors Analysis

The report contains an in-depth analysis of the vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The key and the prominent vendors covered in the report include Google Inc., Microsoft Corporation, IBM, Apple Inc., EdX, Byju’s, and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

The regions covered in the report are North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading the market, followed by Europe, with Asia Pacific emerging in the education technology market.

Education Technology Market Benefits

The report provides an in-depth analysis of the global education technology market aiming to reduce time to market for educational products and services, reduce operational cost, and operational performance. The growth of the education technology market is driven by the growing Internet usage among the population, increased use of cloud-based technology by education service companies, use of mobile-based applications along with cross-industry partnerships, and a significant increase in venture capital investments. The evolution of technologies such as cloud computing, cognitive computing, and machine learning are paving the way for the growth of education technology. Major companies such as IBM, Microsoft, Apple, and Google among others are providing solutions related to education technology; for instance, IBM’s Watson for education technology and Google’s G Suite for education. The report provides details about educational systems, end-users, and regions. Furthermore, the report provides details about the major challenges impacting market growth.

1     Industry Outlook 

1.1        Industry Overview

1.2        Industry Trends

1.3        PEST Analysis

2     Report Outline 

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot

3.1        Total Addressable Market

3.2        Segmented Addressable Market

3.3        Related Markets

3.3.1     Cloud-based Learning Management System

3.3.2     Cognitive Analytics

4     Market Outlook 

4.1        Overview

4.2        Market Trends

4.3        Market Definition

4.4        Porter 5 (Five) Forces

5     Market Characteristics

5.1        Market Dynamics

5.1.1     Drivers

5.1.1.1    High adoption rate of new technologies

5.1.1.2    Increasing investments flow into the EdTech market

5.1.1.3    Lower cost of online education

5.1.1.4    Adopting campaign marketing tools to enhance learner engagement

5.1.2     Restraints

5.1.2.1    Compliance with privacy & data security regulations and shortage of industry regulations & standards

5.1.2.2    Insufficient digital infrastructure in emerging & undeveloped economies

5.1.3     Opportunities

5.1.3.1    Growth in Internet and smartphone penetration

5.1.3.2    Hybrid business model

5.1.3.3    Growth in gamification

5.1.4     DRO – Impact Analysis

5.2        Market Segmentation

6     Educational Systems

6.1        Overview

6.2        Learning Management System

6.2.1     Market Size and Analysis

6.3        e-Learning Content Management System

6.3.1     Market Size and Analysis

6.4        e-Learning Content Development System

6.4.1     Market Size and Analysis

6.5        Student Response System

6.5.1     Market Size and Analysis

6.6        Electronic Document Management System

6.6.1     Market Size and Analysis

6.7        Others

6.7.1     Market Size and Analysis

7     End-users

7.1        Overview

7.2        Kindergarten

7.2.1     Market Size and Analysis

7.3        Grade 1–12

7.3.1     Market Size and Analysis

7.4        Higher Education

7.4.1     Market Size and Analysis

8     Regions

8.1        Overview

8.2        North America

8.2.1     Market Size and Analysis

8.2.2     DRO for North America

8.3        Europe

8.3.1     Market Size and Analysis

8.3.2     DRO for Europe

8.4        APAC

8.4.1     Market Size and Analysis

8.4.2     DRO for APAC

8.5        LAMEA

8.5.1     Market Size and Analysis

8.5.2     DRO for LAMEA

9     Vendors Profile 

9.1        Google LLC

9.1.1     Overview

9.1.2     Business Segments

9.1.3     Geographic Revenue

9.1.4     Business Focus

9.1.5     SWOT Analysis

9.1.6     Business Strategies

9.2        IBM Corporation

9.2.1     Overview

9.2.2     Business Segments

9.2.3     Geographic Revenue

9.2.4     Business Focus

9.2.5     SWOT Analysis

9.2.6     Business Strategies

9.3        Microsoft

9.3.1     Overview

9.3.2     Business Segments

9.3.3     Geographic Revenue

9.3.4     Business Focus

9.3.5     SWOT Analysis

9.3.6     Business Strategies

9.4        Apple Inc.

9.4.1     Overview

9.4.2     Business Segments

9.4.3     Geographic Revenue

9.4.4     Business Focus

9.4.5     SWOT Analysis

9.4.6     Business Strategies

9.5        EdX

9.5.1     Overview

9.5.2     Business Focus

9.5.3     SWOT Analysis

9.5.4     Business Strategies

10   Companies to Watch for

10.1     Coursera, Inc.

10.1.1  Overview

10.2     Udacity, Inc.

10.2.1  Overview

10.3     FutureLearn

10.3.1  Overview

10.4     Think & Learn Pvt Ltd. (Byju’s)

10.4.1  Overview

Annexure 

Abbreviations

 

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.