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Education Technology Market Size & Trends. The global education technology market size was estimated at USD 142.37 billion in 2023 and is expected to grow at a CAGR of 13.4% from 2024 to 2030.
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Feb 26, 2024 · The next 10 years will see 800 million K-12 graduates and 350 million post-secondary-school graduates globally, and expenditure on education around the world is set to hit $10 trillion by 2030. In that growing global education ecosystem, Edtech is set to play a critical role.
- Malvika Bhagwat
- Capital Inflows Are Higher Than Ever
- EdTech Players Are Merging and Partnering to Achieve Scale and Efficiency
- Large Firms View Employee Reskilling and Upskilling as A Necessity
- India Becomes A Leader in The EdTech Race with Global Aspirations
- EdTech Leaders Are Focusing on Supporting Career Progression
Thanks to rapid technological change and enterprise digitization, many companies are looking to continuously upskill their workforce. At the same time, broadband access has become more affordable, and distance-education technologies have become more advanced. These developments have helped the edtech sector boom; venture capitalists (VCs) invested ...
Edtech companies want the lifetime value of their customers to exceed the cost of acquiring them. Financial statements show that sales and marketing costs at several of the largest edtech firmshave ranged from 20 to 60 percent of revenue in recent years.2From the 10-K filings of 2U, Coursera, and Grand Canyon Education. As they seek sustainable way...
With a near-record number of US jobs going begging, thanks to a tight labor market, attracting and retaining talent has become a core challenge for many firms. Large employers like Amazon,Walmart, Target, and Google have announced major investments in workforce education and development programs to decrease churn and fill talent gaps. Some, like Wa...
In 2010, the United States attracted nearly three-quarters of global edtech VC funding. A decade later, investors turned their attention to India (Exhibit 2). With increasing regulatory headwinds buffeting the Chinese edtech industry, prominent edtech players—including Udacity, Coursera, and edX—have turned their investment focus to the enormous In...
In 2021, McKinsey surveyed more than 3,500 edtech students. We found that many were motivated by the prospect of jumpstarting their careers and were seeking a sense of community. New modalities, such as virtual and augmented realities, web3, AI, and machine learning, are making their way into education. However, our findings suggest that edtech pro...
EdTech businesses generated £3.7 billion to £4.0 billion in gross value added (GVA) in 2021. This is in line with other sources, particularly the Department for Education’s
The edtech market size is forecast to increase by USD 162.7 billion, at a CAGR of 16.82% between 2023 and 2028. The education landscape is undergoing a significant transformation with the increasing preference for digital learning materials.
Jan 25, 2022 · The EdTech market size was valued at USD 254.80 billion in 2021 and is expected to reach USD 605.40 billion by 2027. ReportLinker. Tue, Jan 25, 2022, 10:11 AM 5 min read. In-depth Analysis...
Jan 14, 2021 · Growth of the UK’s edtech sector surpassed the +17.9% year-on-year growth of the industry globally by 4x the pace. The growth puts the value of the UK edtech market at almost £3.5bn – with edtech exports pre-crisis bringing in £170m to the economy, now expected to have topped £292m.
