Edtech Market Research Report by Technavio predicts USD 133.05 Bn growth — North America to have a significant share – QNT Press Release

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NEW YORK, July 18, 2022 /PRNewswire/ — The Edtech market is growing at a CAGR of 17.79% and is expected to register an incremental growth of USD 133.05 billion between 2021 and 2026. The report analyses the market size, growth, and provides accurate predictions on the growth of the market.

• The report recognizes the following as the key players in the Edtech market 2U Inc., Blackboard Inc., Chegg Inc., Cornerstone OnDemand Inc., and Coursera Inc. among others.
• The global Edtech market structure is fragmented in nature.
• North America to have a significant share in the Edtech market.
• Market to observe 15.83% YOY growth in 2022. View Sample Report Here

The Edtech market is segmented by sector (K-12, higher education, and others). The K-12 segment will have the largest share of the market. The increasing adoption of advanced Edtech solutions by educational institutions to simplify learning is driving the growth of the segment . The market growth in the segment will be significant over the forecast period.

The global Edtech market is analyzed across five regions — North America, EuropeAPAC, South Americaand the Middle East and Africa.

North America is currently the dominating region, occupying 46% of the global market share. The growth of the regional market can be attributed to the presence of well-established infrastructure and the ready adoption of advanced technologies among educational institutions and students. Identify potential segments and regions to invest in over the forecast period. Request a Sample Report Now

The Edtech market is expected to witness substantial growth during the forecast period, primarily due to the learners shifting toward ebooks. The adoption of e-books is increasing among learners due to the flexibility and simplicity e-books offer. The demand for ebooks further increased significantly in the education sector since the outbreak of COVID-19. As the material is in electronic format, students can copy and paste the information to use in reports, take notes, or analyze. Some readers allow annotations that enable students to take notes within the book, bookmark locations within the text, and have interactive dictionaries for just-in-time learning. All These factors are contributing to the growth of the market in focus.

The report also covers information on the upcoming trends and challenges that will influence the market growth. Enquire Now

The Edtech market is fragmented and is characterized by the presence of diversified international and regional vendors. The competitive environment in this market will be moderate with the increasing number of product or service extensions, technological innovations, and mergers and acquisitions (M&A). International vendors are focusing on expanding their market presence by acquiring regional or local vendors.

Here are some of the vendors featured in the report:

• 2U Inc.
• Blackboard Inc.
• Chegg Inc.
• Cornerstone OnDemand Inc.
• Coursera Inc.
• D2L Corp.
• Discovery Education Inc.
• Edutech
• edX LLC.
• Ellucian Co. LP
• Instructure Inc.
• Microsoft Corp.
• PleIQ Smart Toys Spa
• Promethean Ltd.
• Think and Learn Pvt. Ltd.
• Udacity Inc.
• UNIVERSO ONLINE SA
• upGrad Education Pvt. Ltd
• Workday Inc.

Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the Edtech market report:

Regional Analysis

• Further breakdown of the market segmentation at requested regions.

Market Player Information

• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
• Know the strategies adopted by vendors during the recovery phase. Speak to Our Analyst Now

Related Reports:

• Next Gen Learning Management System (LMS) Market for Higher Education Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
• Digital Education Content Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

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