April 4, 2020
Education Technology Market

Education Technology Market: In 2018 the sector witnessed over US$ 8 Bn of investments

The market in education technology was valued at US$ 142.81 billion in 2018 and expected to reach US$ 435.60 billion by 2027 at a CAGR of 13.33 percent during the 2019-2027 forecast period.

Modern educational technology expands education accessibility, including full-degree programs. Empowerment of non-full-time students through better integration, particularly in continuing education, and enhanced interactions between students and instructors are some of the prominent factors driving the growth of the educational technology market. The combination of factors including increased competition, rapid adoption of mobile devices, easy access, increased investment flow in edtech, and lower costs collectively drive demand for the market in education technology. Global education technology sector witnessed more than 8 billion investments in 2018. Different national governments are increasing their efforts to improve their citizens’ literacy rates. The growing middle-class sector in countries like China and India is also driving market growth in education technology.

Access Sample Education Technology Market: https://www.credenceresearch.com/sample-request/60112

Industrial Developments •
In November 2018, Google announced the acquisition of Workbench, a major EdTech company that provides online lessons and projects library to expand Workbench’s reach.

This market research on education technology covers growth opportunities in the global technology education market. This research provides detailed global market trend analyzes, including market drivers, market restraints, segment analyzes, growth opportunities and recommendations. A global market revenue forecast for EdTech’s overall market is provided, including Learning Management Systems (LMS) market, Lecture Capture Solutions (LCS) market, Big Data analytics market, and academic devices market. The global market for education technology is divided into North America and Latin America (NALA), Asia-Pacific (APAC), and Europe, Middle East, and Africa (EMEA).

Over the past decade, the education industry has observed dramatic changes and is still undergoing radical process changes in delivering its products and services. Technology and innovation advances change the market scenario and increase the need for cost-effective, superior customer service. Implementation of technological innovations in educational processes and data is increasingly needed to enable better decision plans, greater customer responsiveness, improved product design & quality, and faster turnaround times.

The availability of basic digital infrastructure is a key driver of education technology that will drive market growth prospects during the forecast period. The availability of an essential infrastructure providing technical support to staff and students is critical to the successful implementation of online learning and teaching at all levels in institutions. Moreover, academic institutions worldwide provide off-campus software licenses, course & study material repositories, and online course catalogs. This has resulted in a wider acceptance of digital learning modes, further boosting the growth of the educational technology market.

List of Companies Covered:

Google LLC, Microsoft Corporation, IBM Corporation, Apple, Inc. , EdX, Coursera, HelpHub, Code Monkey, Edukart, Byju’s

Access Sample Education Technology Market: https://www.credenceresearch.com/sample-request/60112

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