Education Technology Market

Key Market Insights

“Deployment of tech-enabled product has risen significantly”

The global education technology market was valued at US$ 142.81 Bn in 2018 and is anticipated to grow to US$ 435.60 Bn growing at a CAGR of 13.33% throughout the forecast period from 2019 to 2027.

In the past decade education industry has seen drastic changes and is still undergoing radical changes, in terms of digitalization. Technology, bandwidth and immersive devices are empowering ample opportunity and access to learning resources. Mobile penetration, particularly smartphones, are a game-changer in delivering and supporting learning and driving growth of the market. The rapidly developing digital infrastructure in schools, colleges and other educational institutions, which offers technical support to both teachers and students is further propelling the market growth. In addition, the need to deploy tech-enabled product for better learning, decision making and greater responsiveness has resulted in wider adoption digital modes of learning, bolstering the education technology market growth.

Market Synopsis

Technology Analysis

“E-learning will spur maximum revenue growth during the forecast period.” 

Based on technology, e-learning segment is the highest revenue contributing segment, accounting for nearly 50% of the total market revenue generated worldwide. This is due to the collaborative learning and the benefits offered by it such as scalability, effectiveness, accessibility and reduced costs. With the increased adoption of smartphone, tablets, laptops and computers, and proliferation of mobile applications the growth in this segment is bolstering.

In contrast, learning management system (LMS) is expected to register highest growth throughout the forecast period. The growing inclination towards Bring Your Own Device (BYOD) policy, increased focus on digital learning, and, government initiatives for the growth of learning management system, are collectively driving the educational technology market growth in this segment.

End-use Analysis

“Higher education segment is expected to register higher growth by the end of 2027” 

Based on end-user, the global education technology market is categorized into preschool, primary & secondary and higher education. Higher education, being one of the most imperative end-use type is leading and is expected to register significant growth throughout the forecast period. This is due to the massive enrolment in online courses, as 1/3rd of the college students are enrolled currently, lower costs, and ease of access are bolstering the educational technology market growth in this segment.

In comparison, primary and secondary education segment is anticipated to register fastest growth. This can be associated with e-learning being widely utilized, deployment of systems such as learning management systems and increasing spending on children’s education by parents are collectively driving the market growth of education technology market.

Regional Analysis

“Increasing population, rising number of smartphone devices and the presence of large number of startups holds the North America in dominant position”

In 2018, North America appeared as the largest revenue contributor to the global education technology market with a share of more than 25% followed by Europe. North America is expected to register steady growth throughout the forecast period. This is due to the existence of improved options in education, huge investments, and ease of access among others.

On the contrary, Asia Pacific region is estimated to register maximum growth throughout the forecast period and will surpass the North America region. This growth can be associated with immense success of massive open online courses, huge investments, and rising spending on education. For instance, in Singapore parents spend approximately US$ 71,000 per year on their children’s education which is double of the global average. In addition, the growing population further fuels the demand of the education technology market.

List of Companies Covered:

• Google LLC

• Microsoft Corporation

• IBM Corporation

• Apple, Inc.

• EdX

• Coursera

• HelpHub

• Code Monkey

• Edukart

• Byju’s

• Simplilearn

Key Industry Development:

• On June 2018, Microsoft Corporation acquired Flipgrid, Inc. and announced it will be a free of cost social learning platform available to all educators.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall education technology market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the education technology market and valuable opportunities for emerging players?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which product type segment holds a larger market share and why?
• Are low and middle-income economies investing in the education technology market?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Technology
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Education Technology (ET) Market
2.2. Global ET Market, by Technology, 2018 (US$ Bn)
2.3. Global ET Market, by End-use, 2018 (US$ Bn)
2.4. Global ET Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global ET Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Education Technology (ET) Market, by Technology , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Learning Management System
4.3. Computer, Tablets and Mobile Devices
4.4. E-learning
4.5. Whiteboards
4.6. Virtual Classroom

5. Global Education Technology (ET) Market, by End-use, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Preschool
5.3. Primary & Secondary
5.4. Higher Education

6. North America Education Technology (ET) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America ET Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America ET Market Value, By Technology, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America ET Market Value, By End-use, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America ET Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Education Technology (ET) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe ET Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe ET Market Value, By Technology, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe ET Market Value, By End-use, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe ET Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Education Technology (ET) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific ET Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific ET Market Value, By Technology, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific ET Market Value, By End-use, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific ET Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Education Technology (ET) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World ET Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World ET Market Value, By Technology, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World ET Market Value, By End-use, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World ET Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Google LLC
10.2. Microsoft Corporation
10.3. IBM Corporation
10.4. Apple, Inc.
10.5. EdX
10.6. Coursera
10.7. HelpHub
10.8. Code Monkey
10.9. Edukart
10.10. Byju’s
10.11. Simplilearn

List of Figures

FIG. 1 Global Education Technology (ET) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ET Market Segmentation
FIG. 4 Global ET Market, by Technology, 2018 (US$ Bn)
FIG. 5 Global ET Market, by End-use, 2018 (US$ Bn)
FIG. 6 Global ET Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key ET Market Vendors, 2018
FIG. 9 Global ET Market, by Learning Management System, Value, 2017–2027 (US$ Bn)
FIG. 10 Global ET Market, by Computer, Tablets and Mobile Devices, Value, 2017–2027 (US$ Bn)
FIG. 11 Global ET Market, by E-learning, Value, 2017–2027 (US$ Bn)
FIG. 12 Global ET Market, by Whiteboards, Value, 2017–2027 (US$ Bn
FIG. 13 Global ET Market, by Virtual Classroom, Value, 2017–2027 (US$ Bn)
FIG. 14 Global ET Market, by Preschool, 2017–2027 (US$ Bn)
FIG. 15 Global ET Market, by Primary & Secondary, Value, 2017–2027 (US$ Bn)
FIG. 16 Global ET Market, by Higher Education, Value, 2017–2027 (US$ Bn)
FIG. 17 U.S. ET Market, 2017–2027 (US$ Bn)
FIG. 18 Canada ET Market, 2017–2027 (US$ Bn)
FIG. 19 U.K. ET Market, 2017–2027 (US$ Bn)
FIG. 20 Germany ET Market, 2017–2027 (US$ Bn)
FIG. 21 France ET Market, 2017–2027 (US$ Bn)
FIG. 22 Italy ET Market, 2017–2027 (US$ Bn)
FIG. 23 Rest of Europe ET Market, 2017–2027 (US$ Bn)
FIG. 24 Japan ET Market, 2017–2027 (US$ Bn)
FIG. 25 China ET Market, 2017–2027 (US$ Bn)
FIG. 26 India ET Market, 2017–2027 (US$ Bn)
FIG. 27 Rest of Asia Pacific ET Market, 2017–2027 (US$ Bn)
FIG. 28 Middle East & Africa ET Market, 2017–2027 (US$ Bn)
FIG. 29 Latin America ET Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Education Technology (ET) Market
TABLE 2 Global ET Market, by Technology, 2017–2027 (US$ Bn)
TABLE 3 Global ET Market, by End-use, 2017–2027 (US$ Bn)
TABLE 4 Global ET Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America ET Market, by Technology, 2017–2027 (US$ Bn)
TABLE 6 North America ET Market, by End-use, 2017–2027 (US$ Bn
TABLE 7 North America ET Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe ET Market, by Technology, 2017–2027 (US$ Bn)
TABLE 9 Europe ET Market, by End-use, 2017–2027 (US$ Bn)
TABLE 10 Europe ET Market, by Country, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific ET Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific ET Market, by Technology, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific ET Market, by End-use, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific ET Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW ET Market, by Technology, 2017–2027 (US$ Bn)
TABLE 16 RoW ET Market, by End-use, 2017–2027 (US$ Bn)
TABLE 17 RoW ET Market, by Country/Region, 2017–2027 (US$ Bn)