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 remarkable growth in the last 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 become a crucial part of 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 expected 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

• Type
  • Hardware
  • Content
  • Software
• Sector
  • K-12
  • Higher education
  • Others
• Deployment
  • Cloud
  • On-Premises
• End-User
  • Business
  • Consumer
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

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

The Edtech Market encompasses a range of innovative technologies and tools, including classroom response systems, interactive whiteboard software, simulation-based learning platforms, project-based learning tools, digital learning materials, video conferencing platforms, remote learning management systems, assessment automation tools, data visualization edtech, learning content repositories, student engagement strategies, teacher professional development, educational game development, serious game design, virtual field trips, immersive learning environments, personalized learning content, adaptive testing systems, formative and summative assessment tools, collaborative learning tools, social learning platforms, online mentoring programs, e-portfolio platforms, digital badge systems, competency frameworks, learning analytics platforms, student support services, accessibility compliance edtech, and more. These technologies aim to enhance education by providing interactive, personalized, and accessible learning experiences for students, while also supporting teachers in their professional development.

Market Research Overview

In the Edtech market, learning management systems, online course platforms, virtual classroom software, and educational app development firms face unique business challenges. To succeed, these firms must effectively pitch and profile their offerings to clients, ensuring a clear value proposition aligned with industry and client needs. Simultaneously, resourceful and communicative operations are essential. Project management, resource planning, and client engagement are key activities that streamline workflows, foster better communication, and ultimately enhance the likelihood of positive value perceptions and client satisfaction. Funds, teachers/lecturers, instructional materials, on-campus/online classrooms, writing instruments, and school campuses/learning centers serve as crucial inputs for these firms' operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/