Education Technology Market Size & Growth Report, 2030 (2022)

Report Overview

The global education technology market size was valued at USD 106.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.5% from 2022 to 2030. Education technology (EdTech) includes hardware and software technology used to educate students on a virtual level to improve learning in classrooms and enhance students’ education outcomes. EdTech platforms assist students overcome hurdles to receive a comprehensive education by utilizing technology for learning and teaching. Learners are increasingly shifting toward eBooks that can be accessed online from anywhere across the globe. Digital content is comparatively easy to generate than printed content, which tends to incur higher production costs. Digital books are available in different languages and can be easily translated and retrieved by a wider user base.Moreover, learners, especially those with physical disabilities, can listen to the educational content in an audio format to improve their vocabulary and encourage better interpretive reading. For instance, in January 2022, Texthelp Ltd., a prominent assistive technology provider for the EdTech market, launched OrbitNote, a pdf enabled app that would be helpful for visually impaired students to access the document by leaving voice notes.

Education Technology Market Size & Growth Report, 2030 (1)

Further, users will be able to engage with digital copies in an entirely new way with OrbitNote. They will be able to build an accessible, active, and collaborative space for everyone. EdTech solutions are expected to evolve in line with the advances in the latest technologies, such as IoT, AI, and AR/VR, and contribute significantly to the market's growth. The integration of AR and VR in EdTech solutions helps offer an interactive experience to the learners. It allows learners to explore and seamlessly connect with abstract concepts subsequently driving student engagement. For instance, in January 2022, zSpace, Inc., a U.S.-based EdTech firm that offers hybrid or remote learning, launched a new AR/VR learning device that would help engage students with multidimensional content in a virtual world, eliminating the need for glasses. On the other hand, the integration of blockchain technology allows end-users to store and secure records of students and learners, thereby enabling educators to analyze the consumption patterns of the material offered to the learners and make data-driven decisions.

Enhancing student engagement is emerging as a prime concern for educators. Hence, market players respond to such concerns by introducing advanced interactive whiteboards and shifting from projector-based displays to touchscreen displays. For instance, in July 2021, Huawei Technologies Co., Ltd., an information technology company, launched a kid's smart learning screen for children with a wide range of educational resources and applications such as word lookup, remote homework tutoring, teaching classes, textbooks, parent management education center, and smart learning solutions. Such initiatives encourage active learning and the development of critical readiness skills in the learners. Furthermore, both educators and learners can access student information systems (SIS) with a primary focus to generate comprehensive student profiles that can enable educators to make informed decisions with a particular focus on enhancing every individual student's performance.

However, given that EdTech solutions also store learners’ personal information, market players must abide by the copyrights and data privacy norms while introducing any new EdTech product. On the other hand, all the universities receiving funds from the U.S. Department of Education (DOE) have to abide by the requirements falling under the FERPA and PPRA acts. FERPA aims to protect student records while PPRA puts a strong emphasis on safeguarding students' personal information gathered through surveys. In the European Union (EU), EdTech companies also fall under the purview of the General Data Protection Regulation (GDPR), limiting the access and processing of users’ data by all types of organizations involved in handling large volumes of information. For instance, in March 2021, Canada Government created a Digital Charter where every individual would have control over their personal information. The digital charter has a few principles to be maintained and followed for the privacy of the data.

A smart classroom is propelling the growth of the EdTech market by offering tech-savvy classroom that uses animations, multimedia, audio, video, and graphics to improve teachers' and students' teaching and learning processes. This enhances student involvement and results in higher academic performance. Smart classrooms are where teachers have access to audio-visual technology and computer that allows them to teach utilizing a range of media. These include a PowerPoint presentation, DVDs, a smart interactive whiteboard, and more, presented using a data projector. Smart class is a digital endeavor that revolutionizes how teachers teach and students learn. Smart classrooms have let students accomplish their educational tasks from the comfort of their own homes utilizing remote learning and various multimedia resources. It has benefitted teachers to call on any student in the room without leaving their desk, track individual student progress and give guidance or support. It also allows students to collaborate cooperatively on projects from any location in the classroom. For instance, in January 2022, the Delhi government took the initiative to install 20,000+ smart classrooms in the school by installing 16 smart classrooms in Shaheed Amir Chand Sarvodaya Vidyalaya. The initiative towards deploying a smart classroom enhances the teaching-learning process and lets students access all online learning resources. The classrooms would have modern cameras installed for the live recording of sessions which teachers and students would further access for future needs.

Additionally, in March 2022, Bruhat Bengaluru Mahanagar Palike (BBMP) school in Bangalore imparts innovative learning by adding 60 digital classrooms and seven computer labs with 20 computers in each lab. This initiative would help teachers teach students through 3D digital models, improving education and a better understanding of the concepts. Further, in March 2022, Lenovo, which had launched its Lenovo EdVisions program, updated it to provide a hybrid classroom experience that would offer Lenovo smart education. The curriculum has been upgraded to provide students with a more exciting learning experience. It also creates a forum for educators to share their hybrid classroom experiences and techniques. For instance, in August 2021, Bhubaneshwar, a city in Odisha, started with Bhubaneshwar Smart City Limited (BSCL) to set up smart classrooms for Unit IX Government High School. The main aim behind this smart classroom project was to provide virtual learning by bringing advanced technology into the classroom for teachers and students. For instance, in September 2021, Kerala's education minister announced introducing smart classrooms with advanced technology for special schools, including visually challenged and hard of hearing students. Further, the State Council of Educational Research and Training (SCERT) would publish audio and videos on special students' various subjects.

Sector Insights

The K-12 segment led the market in 2021, accounting for over 40% share of the global revenue. The high share can be attributed to the growing trend of game-based learning in the K-12 sector. The majority of the teachers in the K-12 sector support gamification initiatives to develop the students’ math learning skills with the integration of practical, project-based work in schools. Additionally, incorporating technologies in this sector enables immersive content and provides experiences, such as virtual field trips and complex lab-based experiments, resulting in an engaging learning experience. For instance, in September 2021, Matific., an EdTech platform that offers learning math for K-6 students, launched a gamified environment for its students to learn math. This advanced version is personalized AI-powered for students to develop their math skills.

The preschool segment is expected to register the fastest CAGR of almost 18.2% from 2022 to 2030. Technological advancement enables educators to collect assessment data directly on mobile devices, reducing the conventional use of paper and pen. Some of the assessments are eliminating data entry and letting children respond directly through touchscreen-enabled devices. Leading players operating in the marketplace are providing various solutions to their customer base, such as app-based learning with videos and curated content, specifically for the early childhood segment. For instance, in March 2022, DY Patil International School in India launched its Mars1 Preschool, an AI-driven interactive learning school. With AI technology, kids would be exposed to learning by audio, visual, and kinaesthetic learning. Besides, they would also be able to learn from Cubetto, a wooden robot that would help develop their problem-solving skills and computational thinking.

End-user Insights

The business segment led the market in 2021, accounting for over 65% share of the global revenue. The high share can be attributed to the upsurge in partnerships among EdTech firms, educational institutes, and content developers to create significant opportunities for the digital education sector. As a result, partnerships and collaborations are increasingly becoming a critical part of this developing ecosystem. For instance, in February 2022, Greenfield Community College (GCC) partnered with Upright Education to offer new skills in software development and technology, including user experience design (UX) and user interface (UI). The partnership would allow students of GCC to focus on self-employment and create a hub for a career in technology training.

The consumer segment is predicted to foresee significant growth in the coming years. Growing awareness among parents and students pertaining to the shift from traditional education towards digital formats is expected to drive the segment. Lifelong learning is becoming a growing trend among adults and corporate workers as it offers flexibility concerning time and location to gain additional knowledge. Additionally, massive open online courses (MOOCs) are gaining increasing prominence across the globe owing to inexpensive online education to the consumers. For instance, in November 2021, Dr. Babasaheb Ambedkar Open University (BRAOU) collaborated with Commonwealth Educational Media Centre for Asia (CEMCA) to launch a massive open online course (MOOCs) platform. The platform comprises educators teaching from KG to PG level students and enables students to access the content through videos, discussions, and readings.

Deployment Insights

The on-premises segment led the market in 2021, accounting for over 70% of global revenue. The higher share can be attributed to the reliability and scalability of usage in the education technology market. The on-premises deployment refers to installing software or services on a company's premises or systems. The on-premises division is responsible for maintaining, licensing, and selling on-premises and mobile software products and offering software maintenance services. Professional services, including educational services, are generally performed by the on-premises segment. In terms of security, the on-premises platform outperforms its competitors. With committed business and technical resources to support expansion, EdTech realizes the full potential of on-premises. Further, it benefits the students and teachers by optimizing the solution and reducing the cost, meeting the demand for learning, and protecting student data. For instance, in August 2021, upGrad Education Private Limited, an EdTech company, acquired Knowledgehut Solutions Private Limited, a prominent player in the EdTech market. This acquisition would let upGrad Education Private Limited enter the market for short-term reskilling and upskilling. To capitalize on this market opportunity, it will use its next-generation flagship learning experience on-premises platform, PRISM, to provide learners with a scalable and highly interactive learning model, upskill them, and help them drive meaningful career outcomes.

Cloud computing is anticipated to witness significant growth in the coming years. The higher share can be attributed to the growing usage of learning analytics, reduced cost of ownership, and increase in the adoption of mobile learning in the EdTech market. Cloud deployment appeals to enterprises of all sizes because it offers regular data backup, lower operational expenses, lower capital, high security, and rapid deployment features for always-on functioning. These benefits of cloud deployment of various EdTech market solutions are propelling the adoption of these solutions over the world. For instance, in March 2022, ViewSonic Corporation, a global provider of communication and electronics, launched its new cloud-based platform, myViewBoard, an AI-driven technology for students to help them engage in the classroom. Further, it determines whether or not students are paying attention by assessing human posture and ambient elements that may influence students' concentration. This would help teachers use this information and make changes to their lessons. A dashboard is also created which displays these indexes and calculates the engagement and compliance levels in all rooms to make it easier for schools to monitor and manage classes. Education institutes can use cloud platforms to connect students across states and countries, lowering education delivery expenses and having a limited staff. Fees for students might be reduced as the cost of providing education decreases.

Type Insights

The hardware segment led the market in 2021, accounting for over 40% of global revenue. The high share can be attributed to the growing prominence of digital classrooms across the education industry. For instance, in February 2022, Veative Labs., a prominent leader in virtual reality for the EdTech market, provided its virtual reality headsets to Smt. Godavari Devi Saraf Senior Secondary School in Andhra Pradesh, India, to let students feel what they are studying. The school gives daily 20-minutes to use the virtual reality headsets. Further, this helps students to have a live experience of what they are learning in subjects like science, where they could learn about the human heart with the help of headsets.

Education Technology Market Size & Growth Report, 2030 (2)

The content segment is anticipated to witness significant growth in the coming years. The EdTech sector is witnessing innovation in content delivery with the incorporation of advanced visualization technologies. It can be attributed to the availability of numerous e-learning portals offering better-quality educational content in the form of study notes, test-prep materials, question banks, and learning videos. For instance, in June 2021, the Government of Odisha launched an e-Pathsala, an e-learning platform containing different courses for students and teachers. This platform would have various features such as online classes, self-learning, evaluation of assignments, and learner's progress.

Regional Insights

North America dominated the market in 2021, accounting for over 35% share of the global revenue. This high share can be attributed to the plenty of investments from venture capitalists and private-equity investors in the EdTech sector in the U.S. For instance, in July 2021, Class Technologies Inc., a U.S.-based EdTech platform that serves both higher education classes and K-12 students, raised its funding worth approximately USD 105 million in Series B funding. This funding would help them expand their global presence outside the U.S. and stay resourced to help universities teach the impacted students during the pandemic.

Asia Pacific is anticipated to register the fastest CAGR of 19% from 2022 to 2030. This growth can be attributed to the rising prevalence of computing and smart devices among the masses. In recent times, developing countries such as India have witnessed a wave of affordable broadband connectivity, resulting in numerous companies reaching out to the population. This trend is anticipated to enable users to experience education learning with the assistance of internet connectivity. Besides, education stakeholders in developing areas are increasingly considering technology to bridge the gap between educational infrastructure and teaching resources. For instance, in January 2022, Teevra Edutech Pvt Ltd (SpeEd Labs), an EdTech platform in India, which offers personalized learning with individualized courses to each student, is expanding its business across the country using AI-powered tools such as a recommendation engine, analytical dashboard, and personalized improvement plan which would help to bridge the gap between teacher and students.

Key Companies & Market Share Insights

Vendors active in the market are focusing aggressively on expanding their customer base and gaining a competitive edge over their rivals. Hence, they pursue various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/ technology development. For instance, in January 2022, Teachmint Technologies Pvt. Ltd, an online app for students and teachers, has acquired MyClassCampus, (Teachmint Technologies Pvt. Ltd) an ERP platform for educational organizations. This acquisition will let Teachmint expand its offerings in schools and various educational institutions by combining its learning management system (LMS) with the ERP software. Besides, in June 2021, BYJU’S, an EdTech company that provides online tuitions, partnered with Google LLC to make online learning more consistent for both professors and students. This partnership will allow educational institutions to offer a personalized digital platform for classroom organization.Some of the prominent players in the global education technology market include:

  • BYJU'S

  • Blackboard Inc.

  • Chegg, Inc.

  • Coursera Inc.

  • Edutech

  • edX Inc.

  • Google LLC

  • Instructure, Inc.

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  • Microsoft

  • Udacity, Inc.

  • upGrad Education Private Limited

Education Technology Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 127.0 billion

Revenue forecast in 2030

USD 429.5 billion

Growth rate

CAGR of 16.5% from 2022 to 2030

Base year for estimation

2021

Historical data

2017- 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Sector, end-user, type, deployment, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; U.K.; China; India; Japan

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Key companies profiled

BYJU'S; Blackboard Inc.; Chegg, Inc.; Coursera Inc.; Edutech; edX Inc.; Google LLC; Instructure, Inc.; Microsoft; Udacity, Inc.; upGrad Education Private Limited

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global education technology (EdTech) market report based on sector, end-user, type, deployment, and region:

  • Sector Outlook (Revenue, USD Million, 2017 - 2030)

    • Preschool

    • K-12

    • Higher Education

    • Others

  • End-user Outlook (Revenue, USD Million, 2017 - 2030)

  • Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Hardware

    • Software

    • Content

  • Deployment Outlook (Revenue, USD Million, 2017 - 2030)

    • Cloud

    • On-Premises

  • Regional Outlook (Revenue, USD Million,2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

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      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

    • Middle East and Africa (MEA)

Frequently Asked Questions About This Report

How big is the education technology market?

What is the education technology market growth?

Which end-user segment dominated the education technology market?

Which component type held the largest share in the education technology market?

Which region accounted for the highest share in the education technology market?

Which sector accounted for the largest education technology market share?

Who are the key players in the education technology market?

What are the factors driving the education technology market?

FAQs

What is the size of the education market? ›

The global U.S. Education Market was valued USD 1.2 Trillion in 2021 and is all set to surpass USD 1.5 Trillion by 2028, exhibiting a CAGR of 4.3% during the forecast period 2022-2028.

What is the market size of education in India? ›

Market Size

The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25.

How big is the EdTech market in India? ›

EdTech became the third most funded sector in India, attracting $4.7 bn in 2021, with the industry's market size expanding to $2 bn.

How big is the EdTech market globally? ›

The global EdTech market size was valued at USD 85 Billion in 2021, it is expected to reach over 230 Billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028.

Is the education industry growing? ›

The market size of the Educational

Educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
Services industry in the US has grown 2.1% per year on average between 2017 and 2022.

What is Edtech market? ›

This has put edtech market into the spotlight. Edtech or educational

educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
technology is the use of components like hardware, software, and services to facilitate and enhance learning. End users like academic institutions and enterprises are increasingly making use of these technologies for teaching and training purposes.

What are the benefits of education in developing countries? ›

A quality basic education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
gives children and youth the knowledge and skills they need to face daily life challenges, and take advantage of economic and lifelong learning opportunities. It is also a key driver for reducing poverty, fostering economic growth, achieving gender equality, and social development.

What is the new education policy 2022? ›

The new NEP

NEP
The National Education Policy of India 2020 (NEP 2020), which was approved by the Union Cabinet of India on 29 July 2020, outlines the vision of new education system of India. The new policy replaces the previous National Policy on Education, 1986.
https://en.wikipedia.org › National_Education_Policy_2020
is based on four pillars which are Access, Equity, Quality, and Accountability. In this new policy, there will be a 5+3+3+4 structure which comprises 12 years of school and 3 years of Anganwadi/ pre-school replacing old 10+2
10+2
10+2 refers to two years of schooling post grade 10 in India since autumn 2002. In India each state has State secondary education boards. Following are some Boards offering 10+2: Board of High School and Intermediate Education Uttar Pradesh.
https://en.wikipedia.org › wiki
structure.

Why is EdTech market growing? ›

A smart classroom is propelling the growth of the EdTech market by offering tech-savvy classroom that uses animations, multimedia, audio, video, and graphics to improve teachers' and students' teaching and learning processes. This enhances student involvement and results in higher academic performance.

What is the future of EdTech in India? ›

According to reports, by 2026, the online education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
industry is set to grow upto 11.6 billion.

How many EdTech companies are there in the world? ›

There are now 34 EdTech unicorn companies worldwide. Almost all the EdTech companies are in North America and Asia. In fact, fourteen of these companies are based in the US, seven in China, and six in India.

Is EdTech growing? ›

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.

How much is the global education market? ›

NEW YORK, April 18, 2022 /PRNewswire/ -- The global education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
technology market size was estimated at $237.6 billion in 2021, and it is expected to touch $998.4 billion by 2030, at a CAGR of 17.3%.

Is EdTech a industry? ›

EdTech in India

By 2018, the industry had amassed an impressive $700 Million in funding. According to KPMG's Online education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
in India: 2021 report, by 2021, the industry could be worth $1.96 Billion.

What are 3 types of education? ›

It is all about gaining experience and therefore we can divide education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
into three main types: Formal Education. Informal Education. Non-formal Education.

How Fast Is online education growing? ›

As demand for online education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
has grown, the market has become increasingly competitive, with providers vying for attention from a broad set of prospective students. From 2011 to 2021, the number of learners reached by massive open online courses (MOOCs) increased from 300,000 to 220 million.

What will education be like in 2050? ›

By 2050, EdTech and Project-Based Learning Will Be Common

In addition, the use of technology will aid the teaching

teaching
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
and learning process. Learning will become more creative and practical as time goes on. Students' critical thinking and problem-solving abilities will be part of the curriculum.

Why is education technology important? ›

Educational

Educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
technology in education is important because it helps today's teachers to integrate new technologies and tools into their classroom. Teachers are able to upgrade and improve the learner-centeredness of their classroom. It enables teachers to engage their students in unique, innovative, and equitable ways.

Why EdTech is the future? ›

Given the challenges of the implementation of change in the public sector, Edtech can play a major role in revamping the Indian educational

educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
system. The pandemic obviously gave edtech an enormous boost. Those with access to the internet and the means could substitute for the absence of in-person education.

Why is EdTech so important? ›

Edtech makes learning easier, efficient, affordable and accessible to all students, despite the learning differences. It also helps educational

educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
institutions to stay innovative, while reducing the extra expenses.

How education system can be improved? ›

However, teacher training is another key of improving the education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
system of India. Proper training does not only explain that the teachers are updated with the changes of time but it also develops the country's education system. Well-trained and skilled teachers can teach the students in a proper manner.

How does education impact your future and affect the development of a country? ›

Why Is Education Considered an Economic Good? Education tends to raise productivity and creativity, as well as stimulate entrepreneurship and technological breakthroughs. All of these factors lead to greater output and economic growth.

Why education is important in economic growth? ›

In general, education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
—as a critical component of a country's human capital—increases the efficiency of each individual worker and helps economies to move up the value chain beyond manual tasks or simple production processes (WEF 2016).

Is education a fast growing industry? ›

Overall, the education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
sector is estimated to be a $40 billion market projected to grow at a compounded annual growth rate of about 16 per cent for the next five years. What are the challenges exclusive to education start-ups?

How do you market your education? ›

10 Best Education Marketing Strategies in 2022
  1. Use Social Media Platforms to Connect with Your Audience. ...
  2. Include Digital Advertising in Your Marketing Budget. ...
  3. Create a Mobile-Friendly Website with an Optimized Landing Page. ...
  4. Encourage Students to Leave Online Reviews. ...
  5. Create Engaging Video Content. ...
  6. Promote Safety.

What are the benefits of New Education Policy 2022? ›

Details Of NEP
Name of the articleNational Education Policy 2022
BeneficiariesThe students of India
ObjectiveTo universalize education and make India a Global knowledge superpower
BenefitsStudents will be able to choose language according to their preference
Previously followed pattern10+2
6 more rows
7 Sept 2022

What is the new education system? ›

With emphasis on Early Childhood Care and Education

Education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
, the 10+2 structure of school curricula is to be replaced by a 5+3+3+4 curricular structure corresponding to ages 3-8, 8-11, 11-14, and 14-18 years respectively. The new system will have 12 years of schooling with three years of Anganwadi/ pre schooling.

Who made New Education Policy 2022? ›

The New Education

Education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
Policy was released by the Ministry of Human Resource Development (MHRD) under the guidance of Prime Minister Narendra Modi.

What are EdTech companies? ›

EdTech (a combination of "education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
" and "technology") refers to hardware and software designed to enhance teacher-led learning in classrooms and improve students' education outcomes.

How many EdTech startups are there in India? ›

According to Fintrackr's data, around 17 edtech startups including Byju's, upGrad, Teachmint, Classplus, LEAP, Quizizz, Eupheus Learning, and Leverage Edu scooped up two or more than two rounds in 2021. However, the number of edtech startups raising two or more rounds dwindled to zero in 2022 (till date).

Which industry is education? ›

About the Educational

Educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
Services sector

The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.

What are the problems in edtech? ›

Too many teachers are not technologically proficient. Many of those who do have technology skills don't know how to apply those skills to the classroom, and they're not getting much help in this area. When teachers do get training in EdTech, they typically get training in how to work the technology.

Is edtech profitable? ›

However, it's not just BYJU'S that has this problem — nearly every other large edtech startup in the country, barring a few, is a loss-making company. Banked by VC funds, the cash burn to acquire users and other edtech startups has fuelled the scale of edtech giants, but profitability is still missing.

What is happening in edtech industry? ›

Edtech in India has grown phenomenally in the last couple of years, making India the edtech capital of the world. The private sector is playing a key role with the public sector acting as a facilitator. India's education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
sector saw a boom in edtech funding during the pandemic.

Which is the biggest education company in the world? ›

Biggest Education Companies in the World
  • 2U, Inc. (NASDAQ:TWOU) Market Capitalization: $873.99M. ...
  • Kahoot! ASA (OTCMKTS:KHOTF) Market Capitalization: $1.28B. ...
  • Stride, Inc. (NYSE:LRN) Market Capitalization: $1.58B. ...
  • Udemy, Inc. (NASDAQ:UDMY) Market Capitalization: $1.735B. ...
  • Coursera, Inc. (NYSE:COUR)
25 May 2022

What is the biggest EdTech company? ›

The Top 12
  • 1) Byju's. Located in Bangalore, India, Byju's entered the edtech industry in 2011. ...
  • 2) Blackboard. Founded in 2011, Blackboard is a Washington- based edtech company that is one of the giants in the industry. ...
  • 3) Coursera. ...
  • 4) Chegg. ...
  • 5) Teachers Pay Teachers. ...
  • 6) Instructure. ...
  • 7) Knewton. ...
  • 8) Dreambox Learning.
2 May 2022

Which is the best EdTech company? ›

HENRY HARVIN is the best EdTech company that provides personalized learning programs, their aim is to transform learning into fun through their interactions and 3D learning classes which will help the students to score better.

Can the EdTech boom last The Economist? ›

Holon IQ has predicted that global ed-tech revenues could almost double from $227bn that year to around $400bn in 2025, a fifth higher than its pre-pandemic forecast. Until recently ed-tech firms had rarely made investors sit up. Schools and universities control much of the $6trn spent globally on education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
each year.

How big is the US EdTech market? ›

Share this article
Edtech Market Scope
Report CoverageDetails
Market growth 2022-2026USD 133.05 billion
Market structureFragmented
YoY growth (%)15.83
11 more rows
18 Jul 2022

How big is EdTech market in Australia? ›

Global venture capital investments in EdTech reached $7bn in 2019, up from $500 million in 20104. In the context of this global growth and the evolution of the EdTech sector, EduGrowth first launched the Australian EdTech Census in 2017.

How much is the EdTech Industry Worth? ›

Pune, India, May 02, 2022 (GLOBE NEWSWIRE) -- The edtech and smart classroom market size was pegged at USD 88.82 billion in 2021. The market is estimated to rise from USD 101.64 billion in 2022 to USD 319.65 billion by 2029 at a 17.8% CAGR during the forecast period.

How does education affect the world? ›

Those who get an education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
have higher incomes, have more opportunities in their lives, and tend to be healthier. Societies benefit as well. Societies with high rates of education completion have lower crime, better overall health, and civic involvement. Lack of access to education is considered the root of poverty.

What is the impact of education on income? ›

Those in society with more education earn higher salaries over their lifetime as well as contribute more in taxes. An educated population also leads to economic growth at a national level.

How big is the EdTech industry? ›

The global EdTech market size was valued at USD 85 Billion in 2021, it is expected to reach over 230 Billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028. Learners are increasingly turning to online learning because it is convenient and less expensive than traditional classroom learning.

How technology is changing the face of education speech? ›

With technology, classrooms are more inclusive than ever before and teachers have found new ways to connect with their students and increase student engagement. Teaching

Teaching
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
is not an easy profession, but technology has helped to make it easier and less complicated.

What is educational technology tools? ›

What Is EdTech? EdTech utilizes hardware, software, and other IT tools to increase engagement and help teachers prepare lesson plans, conduct online classes, and perform everyday tasks like grading and attendance.

Is education a billion dollar industry? ›

According to Jeff Silber and a slew of other online research, the current education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
market is roughly $1.3 trillion dollars.

Is education a business in India? ›

In India it's not legal to run educational

educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
institutions as a business organization as only trusts can run such institutions on a non-profit basis. However, there appears to be a systemic method by which many trusts turn these non-profit institutions into their profit centres.

What is Edtech industry in India? ›

Going global: There are over 4,450 edtech startups in India that are assisting over 300 million school students. Of these, 40 million are students pursuing higher education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
whose studies were disrupted by covid. This brought edtech, which uses IT tools for inclusive, engaging and personalized learning, to the fore.

What is SWOT analysis in educational institutions? ›

SWOT analysis is a method used for gaining an overview of an institution by assessing internal and external factors that affect the institution and that allow highlighting its strengths and weaknesses in relation to the opportunities and the threats existing in the institutional environment.

Is there money in EdTech? ›

Edtech (education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
technology) is booming, and venture capitalists are investing at an unprecedented rate. Even though there aren't hundreds of billions of dollars available yet like with other trends, top edtech startups will likely have access to plenty of capital as VCs look for prime investments.

Is EdTech a industry? ›

EdTech in India

By 2018, the industry had amassed an impressive $700 Million in funding. According to KPMG's Online education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
in India: 2021 report, by 2021, the industry could be worth $1.96 Billion.

How big is higher education industry? ›

Higher Education

Education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
Market Size (2021–2026)

The global higher education market size was at $77.41 billion in 2020 and is anticipated to reach $114.69 billion by 2026, with a compound annual growth rate (CAGR) of 9.3% over the course of the predicted period.

Which industry is education? ›

About the Educational

Educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
Services sector

The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.

Why is education called an industry? ›

It is an industry and is part of tertiary sector, as it involves a set of schools, universities comprising of teaching

teaching
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
staff who are engaged in disseminating information and training. Education is known as industry because industry is d backbone of our economic growth n development.

Has education industry become a business now? ›

Yes, education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
is becoming the business in India. Trustees of schools/colleges are not caring about future of students or life students.

What is the future of EdTech? ›

Future of Ed-Tech: Ed-tech is one of the fastest-growing industries in India these days. According to reports, in the last five years, the industry has gained an investment of around $4 billion and it is estimated to expand by around $30 billion in the next 10 years.

Why EdTech industry is growing? ›

A smart classroom is propelling the growth of the EdTech market by offering tech-savvy classroom that uses animations, multimedia, audio, video, and graphics to improve teachers' and students' teaching and learning processes. This enhances student involvement and results in higher academic performance.

Does EdTech have future in India? ›

Given the challenges of the implementation of change, edtech can play a major role in revamping the Indian educational

educational
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
system. Given the challenges of the implementation of change in the public sector, Edtech can play a major role in revamping the Indian educational system.

What is the SWOT analysis of technology? ›

What is a SWOT analysis for digital transformation? A SWOT (which stands for strengths, weaknesses, opportunities, and threats) analysis is a strategic planning tool companies use when they are considering making a major change, such as pursuing new business models or undergoing a digital transformation.

What is SWOT analysis and why is it important in educational planning? ›

A SWOT (strengths, weaknesses, opportunities, and threats) analysis of a teacher education

education
Teacher education or teacher training refers to the policies, procedures, and provision designed to equip (prospective) teachers with the knowledge, attitudes, behaviors, approaches, methodologies and skills they require to perform their tasks effectively in the classroom, school, and wider community.
https://en.wikipedia.org › wiki › Teacher_education
program, or any program, can be the driving force for implementing change. A SWOT analysis is used to assist faculty in initiating meaningful change in a program and to use the data for program improvement.

How important a SWOT analysis is for students and teachers in education? ›

It works to emphasize collaboration, connections and synthesizing information. It also serves as an efficient tool for connecting new information to prior learning. The gist: The SWOT analysis will encourage your students to think critically; implement this strategy in your classroom today.

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