Education Technology Market to Grow with a CAGR of 13.79% Globally through to 2028
Education Technology is increasing due to the growing
demand for efficient and seamless fare collection solutions from the
transportation industry in the forecast period, 2024-2028.
According to TechSci Research report, “Global
Education Technology Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028
Global
Education Technology market has witnessed tremendous growth in recent years,
reaching a valuation of USD 123.27 billion in 2022. The market is projected to
continue its strong upward trajectory, posting a CAGR of 13.79% from 2024 to
2028.
The global Education Technology market has witnessed
significant growth in recent years, fueled by its widespread adoption across
the education sector globally. Critical areas such as K-12, higher education,
lifelong learning and corporate training have come to recognize Education
Technology solutions as vital tools for streamlining learning processes,
improving educational outcomes and enhancing the learner experience.
Stricter regulations around data privacy,
accessibility, and quality standards have compelled educational institutions to
invest heavily in advanced learning technologies. Organizations worldwide rely
on Education Technology platforms to ensure regulatory compliance and deliver
high-quality education.
Education Technology providers are partnering closely
with schools and universities to develop customized solutions catering to their
specific needs around curriculum delivery, assessment, analytics and reporting.
These collaborations have resulted in integrated systems enabling applications
like adaptive learning, virtual laboratories, and predictive student success
modeling. Advanced Education Technologies equipped with analytics capabilities
allow for data-driven decision making and enhanced oversight of learning
programs.
The development of innovative data integration,
compatibility with emerging technologies and learner-centric solutions is also
fueling market demand. Such solutions help educational institutions improve a
broader range of metrics including learning outcomes, resource allocation and
student satisfaction.
Integration of Education Technologies with LMS
platforms, IoT networks and automated scheduling/assessment systems is poised
to revolutionize how the education sector delivers personalized learning
experiences. This growing convergence of technologies promises improved
learning outcomes, higher student and teacher engagement, and analytics-driven
instruction.
Government policies promoting accessibility,
affordability and cybersecurity best practices will continue driving
investments in innovative learning technologies. As the education sector
increasingly relies on data analytics throughout the learner journey, demand
for advanced Education Technologies is projected to rise substantially over the
coming years.
Browse over XX market data Figures
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The global Education Technology market is segmented by type, sector, and
application. By type, the market is segmented into hardware, software, and
content. The software segment currently dominates as it includes various
digital tools, platforms, and applications that facilitate teaching and
learning.
By sector, the market covers preschool,
K-12, higher education, and corporate training. The higher education segment
dominates as colleges and universities have been early adopters of EdTech to
enhance learning experiences.
In terms of application, the Education
Technology market is segmented into students, teachers, parents, and
institutions. The students segment is the largest as EdTech solutions are
majorly used by students for learning purposes.
The fastest growing segments are
expected to be content and corporate training. The content segment is growing
rapidly with the proliferation of online content in various formats such as
audio, video, and augmented/virtual reality. As organizations emphasize
lifelong learning and skills training, the corporate training segment is
witnessing strong growth in the adoption of EdTech solutions to upskill
employees.
To summarize, while the software and
higher education segments currently dominate the Education Technology market,
the content and corporate training segments are poised to be the fastest
growing in the coming years. This can be attributed to evolving learning
preferences and the need for continuous workforce development.
Major companies operating in Global Education
Technology Market are:
- BYJU’S (Think & Learn
Pvt. Ltd.)
- Pearson plc
- White Hat Management LLC
- Google LLC
- Apple Inc
- Blackboard Inc.
- Educomp Solutions Ltd
- SAP SE
- Microsoft Corporation
- Saba Software, Inc.
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“The global Education Technology market has witnessed
significant growth fueled by increasing digital transformation across the
education sector. Critical areas such as K-12, higher education, lifelong
learning and corporate training have increasingly relied on advanced Education
Technology solutions to optimize learning delivery, improve learner experiences
and strengthen institutional resilience.
Education Technology platforms provide real-time
access to centralized metrics on student performance, course enrollment
patterns, operational costs and analytics dashboards. This allows educational
institutions to generate predictive insights, automate assessment processes,
ensure regulatory compliance and extract more value from existing
infrastructure investments. Such solutions help customize strategies,
streamline workflows and governance, and facilitate cross-departmental
collaboration.
Leading universities and colleges have partnered with
major Education Technology vendors to digitally transform their teaching and
learning infrastructure and analytics capabilities. The integrated systems
offer improved visibility of learning programs, situational awareness through
customized interfaces, and support achievement of strategic goals like
improving student outcomes and increasing enrollment.
Education Technology providers continue advancing
capabilities in areas like predictive student success modeling, adaptive
learning, open educational resources integration and sustainability reporting.
This ensures secure, scalable and interoperable solutions for diverse needs
across regional and national education systems.
Ongoing innovation and growing reliance on data-driven
decision making indicate Education Technologies will play an increasingly
important role in optimizing operational efficiency, resource allocation and
service delivery across the education sector. Partnerships with technology
providers and alignment with industry standards are expected to sustain the
high momentum of this market. The long-term outlook for data-driven
optimization and sustainability powered by Education Technologies remains
positive as digital transformation continues to reshape operational models in
education.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Education
Technology Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Education
Technology Market Segmented
By type (Hardware, Software, Content) By Sector (Preschool, K-12, Higher education, Corporate
training) By Application (Students, Teachers, Parents, Institutions)
By Region, By Competition”, has evaluated
the future growth potential of Global Education Technology Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Education Technology Market.
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