The latest market publication titled Education Technology (EdTech) Market Size, Share and Trends Analysis Report by Region, End User, and Segment Forecast, 2022-2026 has been added to the report store by GlobalData Plc. The education technology market size valued at USD 183.4 billion in 2021. Factors such as the surge in disposable income of families coupled with government initiatives across economies to provide technically advanced education facilities to students are anticipated to influence the Edtech market to garner a CAGR of 16% during 2022-2026.
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The edtech market growth in the forthcoming years will also be driven by the growing adoption of AI and the rising popularity of technology in education delivery. Furthermore, health emergencies have further driven online education. Technological solutions such as mobile apps can compensate for the lack of laptops in classrooms, potentially narrowing the digital gap between rural and urban schools. However, the EdTech Market might witness challenges including China’s struggles with the adoption of EdTech might limit the market’s growth. All parts of the education mix must respond to the significant changes accelerated by the pandemic. In the US, changes in the ownership of online provision in higher education have altered the landscape, which will also impact the market’s growth.
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Education Technology Market Segment Highlights
By End-user
Regional Opportunities
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Education Technology Market Competitive Landscape
EdTech is an extremely fragmented market characterized by well-known established hardware vendors, and software & services players. Edtech vendors are engaged in strengthening their customer base through M&A.
Top EdTech Technology Market Players
Other Top Market Players Covered in the Report are:
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