Latest News- Edtech Market: Hardware is expected to lead the Type segment during 2025-2029

The Edtech Market is being driven by Learners shifting toward eBooks

The Edtech Market is expected to grow at a CAGR of 15.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 170.8 billion. The EdTech market has experienced substantial growth over the past decade due to the increasing adoption of online learning by educational institutions. This trend is driven by the accessibility and flexibility of online education, which has made it a vital component in many individuals' lives. Top-tier universities, such as Stanford and Harvard, are democratizing education by offering online courses in various disciplines, including computer science, engineering, mathematics, business, art, and personal development. This shift towards distance learning is anticipated to continue fueling the expansion of the global EdTech market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Learners shifting toward eBooks
• Emergence of virtual schools
• Increasing number of e-learning enrollments

However, the market also witnesses some limitations, which are as follows:

• Availability of open-source learning content
• Budget constraints in emerging economies
• Data security issues for end-users

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Market Scope in Edtech Market Research Report

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Research Analysis Overview

In the Edtech market, digital tools like educational apps, online learning platforms, and e-learning platforms are transforming traditional classrooms. Educators leverage these resources for personalized learning experiences, while corporations focus on upskilling through digital transformation. AI plays a crucial role in remote learning solutions and corporate training spaces. Hardware, virtual levels, and integrated facilities solutions further enhance the educational experience. Digital content includes eBooks, printed content, and audio format for various languages and accessibility needs, such as physical disabilities. Vocabulary and interpretive reading are essential components of effective educational content. Facility scheduling ensures efficient use of integrated facilities solutions.

Market Research Overview

In the Edtech market, firms leverage digital tools such as educational apps, online learning platforms, and e-learning solutions to deliver personalized learning experiences. Pitching and profiling operations are crucial, as firms must comprehend the unique business needs of educators and clients to propose superior value propositions. Simultaneously, resourcing and communicating operations streamline workflows, optimizing resources for enhanced project management, client engagement, and communication. These efficiencies increase the likelihood of positive value perceptions and client satisfaction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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