Grand View Research predicts that the EdTech market will grow by 18.1% to eventually reach USD 285.2 billion by the end of 2027

Grand View Research, a business consulting firm, recently published a global EdTech Market Analysis Report.  It predicts that the market will grow by 18.1% to eventually reach USD 285.2 billion by the end of 2027.  Key factors driving this statistic were identified, including increased purchases of products and services, innovation in technology and ubiquitous wifi.

The report segments various markets, including Preschool, K-12 and FE/HE.   It also provides a comparison of different geographical regions and content types.  Gamification and game based learning are predicted to becoming increasingly popular in the next seven years.

The report identifies several key players in the market:

• BYJU’S
• Blackboard Inc.
• Coursera Inc.
• Edutech
• edX Inc.
• Google Inc.
• Instructure, Inc.
• iTutorGroup
• Microsoft
• Udacity, Inc.
• upGrad Education Private Limited.
• VIPKid

The report methodology involved the use of a variety of statistical models and approaches, such as correlation, regression and time series analysis.  The information was obtained through a process of data mining using a range of sources, including reports, journals, surveys and paid databases.

You can learn more about EdTech here: https://global-edtech.com/edtech-definitions-products-and-trends/

“ Growing adoption of education technology (EdTech) tools across both the academic as well as non-academic sectors is anticipated to impact the market growth positively. The K-12 and higher education sectors have witnessed increased adoption of EdTech solutions and offerings. ”  Grand View Research, Education Technology Market Size, Share & Trends Analysis Report By Sector