The Rise Of Edtech In Developing Countries

The Rise Of Edtech In Developing Countries – NEW YORK, November 10, 2022 // — “Edtech Market Growth, Size, Trends, Analysis Report 2022-2026 by Type, Application, Region and Segment Forecast” report has been added to Technavio’s offerings. According to the report, the market will see an incremental growth of US$ 133.05 billion between 2021 and 2026. Moreover, the growth momentum is expected to accelerate at a CAGR of 17.79% during the forecast period. The report offers detailed information about the factors, trends and challenges affecting the market size. Understand the scope of this market research. Download a Free Sample Report!

Technavio provides a detailed picture of the market through examination, synthesis and aggregation of data from multiple sources. Our education technology market report covers the following areas:

The increasing demand for distance education is identified as the main trend in the market. Online learning has seen significant growth over the last decade. The Internet and educational institutions have combined to provide people with the opportunity to gain new skills. Since the COVID-19 pandemic, online learning has become more centered in people’s lives. Many educational institutions are now partially or fully open in many jurisdictions. Top universities are democratizing learning by making courses accessible online. For example, Stanford University and Harvard University provide access to online courses under the categories of computer science, engineering, mathematics, business, arts and personal development. All these factors have led to the increasing popularity of distance education, which has driven the growth of the market.

Education Statistics Worldwide [2023 Guide]

We provide a detailed analysis of approximately 25 suppliers operating in the education technology market, including some key suppliers. Backed by competitive intelligence and benchmarking, our education technology market research report is designed to provide entry support, customer profiling and mergers and acquisitions, as well as go-to-market strategy support.

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 and Workday Inc. are some of the important market participants.

Although students switching to eBooks presents tremendous growth opportunities, the availability of open source learning content will challenge the growth of market participants. To make the most of the opportunities, market vendors should focus more on growth prospects in fast-growing segments while maintaining their positions in slow-growing segments. Learn the impact of drivers, trends and challenges on market growth. Download Free Sample Report

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Pdf) Education Technology For The Developing World

Key market analysis, Market growth drivers and hurdles, Fast growing and slow growing segment analysis, COVID-19 impact and future consumer dynamics and market status analysis for the forecast period.

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Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position. Featuring over 500 expert analysts, Technavio’s report library consists of more than 17,000 reports and counts covering 800 technologies spread across 50 countries. Its customer base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, comprehensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive position under changing market scenarios.

How To Hire Great Edtech Software Development Professionals

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By 2050, there will be 2 billion more school, college, university and alternative postsecondary graduates in the world than today, driven primarily by greater participation and population growth. How will current education models provide access at the required scale, quality and speed?

Innovation requires capital. Governments are scrambling to fund education at historic levels, while schools and institutions are cutting costs and embarking on digital transformation. Education does not benefit from sufficient private capital to finance the innovation needed. Public-Private Partnerships will be critical to supporting future growth, innovation and access to education.

Edtech Startups: Funding, Growth, And Globalization Analyzed

Education as a sector is a digital laggard, with less than 4% of total spend allocated to digital, and it poses a serious challenge given the scale of what is to come. The knowledge economy and future skills require major digital transformation, and although it has been accelerated by COVID-19, there is still a long way to go.

Education spent $227 billion on digital in 2020. Although we estimate this will rise to $404 billion by 2025, this is still barely 5% of overall spending and is considered quite conservative by most. Although the long-term impact of COVID-19 on education models has not yet emerged, we expect an increase in spending on digital infrastructure in education over the next few years and more spending on new digital models in the long term.

High-tech applications in education and learning will make great progress by 2025, as AR/VR and Artificial Intelligence become increasingly integrated into mainstream education delivery and learning processes. While virtual and simulated learning are already becoming mainstream in adult education and skills development, we are also seeing increased use of these technologies in formal education settings.

Venture Capital investors can see the positive dynamics of the global education and training market; While they invested 8.2 Billion Dollars in 2018, they invested 16 Billion Dollars in 2020. This will continue to grow, but will not spread evenly around the world and will be heavily weighted towards the final phase. mega tours.

Edtech Startups Transforming Education Across East Africa To Watch

8. China is a key driver of growth in venture capital investment, accounting for over 60% of all Global VC investments in 2020.

China, which has the world’s largest education market, has led the growth of education VC investments over the past five years. Of all Global VC investment in education in 2020, China accounted for over 60%, the US 15%, India 14% and Europe 5%. Although not that large, VC investment in Indian EdTech is significant and has grown almost 4x since then. 2018.Source:

Venture Capital investment ultimately leads to further exits in the form of IPOs. The number of education companies valued at over $1B in 2015 grew from 10 to 30 in 2018, and we expect to have over 100 publicly traded education companies valued at over $1B by 2025.

Education is a complex system. When it comes to understanding market dynamics and which technologies, business models and parts of the industry will grow or shrink, it’s helpful to understand the nuance. The Global Learning Environment taxonomy, consisting of 50 innovation clusters, helps reveal this complexity. It maps and tracks each of these 50 market segments through our Global Market Intelligence Platform. Global EdTech Venture Capital had a strong 2022, raising $10.6 billion in investments, albeit down 49% from record levels in 2021. We expect 2023 to return to pre-pandemic levels, with growth in the US, Europe and India replacing the six-year period before China provided more than 50% of global funding in Education Technology.

The Future Of Edtech In 2024: Unveiling Trends And Transformations

By pre-pandemic standards, EdTech VC had a tremendous year in 2022. But aside from the biggest boom in the history of venture financing (2020-2021), the party is over and it’s back to basics and results. With innovation on the rise across the entire EdTech Landscape, notable mega rounds in 2022 include 🇮🇳 BYJU’s ongoing funding spree, 🇦🇹 GoStudent’s $340 million Series D, 🇺🇸 Paper’s $270 million Series D, 🇺🇸 Guild’s $270 million growth round, 🇮🇳 $225 million growth round featuring UpGrad, 🇬🇧 Multiverse’s $220 million Series D, 🇩🇪 CoachHub’s $200 million Series C, and 🇺🇸 Handshake’s $200 million Series F is one of several larger deals that dominated the first half, with the second half fading away month after month.

2022 closed with 30 EdTech Unicorns worldwide with a combined value of $89 billion. 6 EdTech Unicorns join the list by 2022, delisting 12 companies in our annual review (January 2, 2023); these are companies based on a period of 5 years or more since the last priced equity round, or ‘past’ in the case of the Chinese Unicorns, in our view