PUNE, India, Oct. 19, 2021 /PRNewswire/ -- According to a recent market study published by Up Market Research titled, "Global Education Technology Market by End User (Consumer, Business), by Sector (K-12, Preschool, Higher Education), by Type (Software, Hardware) and Region: Size, Share, Trends and Opportunity Analysis, 2018-2028", As per the study the market was valued at USD 99.5 billion in 2020. It is expected to grow at a compound annual growth rate of 19.9% between 2021 and 2028. Digital technology can increase access to education. Learners are shifting to eBooks, which can be accessed from any location around the world. It is much easier to create digital content than printed content which can be more expensive to produce. Digital books can be translated into many languages and retrieved easily by a larger user base. A digital format allows learners with disabilities to listen to educational content to enhance their vocabulary and facilitate better interpretation.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Key Market Players Profiled in the Report
upGrad Education Pvt Ltd
Download PDF Sample Report Here: https://www.upmarketresearch.com/request-sample/69856
This report also includes a complete analysis of industry players that cover their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.
Highlights on the segments of the Education Technology Market
Based on Sector, the market is divided into Preschool, K-12, Higher Education. K-12 segment dominated the market in 2020, accounting for 41% of the total revenue. It will continue to hold the top spot and expand at a steady CAGR between 2021 and 2028. This high share can be attributed largely to the increasing popularity of game-based learning within the K-12 sector. And, From 2021 to 2028, the fastest CAGR is expected in the preschool sector. Technological innovation has allowed educators to collect assessment data on mobile devices.
On the basis of End-user, the market is divided into Business and Consumer. In 2020, the business segment accounted for 69% of global revenue. This high share can be attributed largely to the increase in partnerships between EdTech firms, educational institutions, and content developers, which has created significant opportunities for digital education.
Based on Type, the market is bifurcated into Hardware and Software. In 2020, the hardware segment accounted for 42% of global revenue share. This high share can be attributed largely to digital classrooms becoming more prominent in the education sector. This segment is expected to experience the fastest growth rate over the forecast period.
On the basis of Regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America was the dominant market in 2020, accounting for 37% of global revenue. Due to the large number of investments by venture capitalists in the EdTech sector in America, the regional market will continue its dominance for the duration of the forecast period. Also, Asia Pacific will experience the fastest CAGR at 22.6% between 2021 and 2028. This is due to increasing internet usage and smart devices. Many companies have been reaching out to people in developing countries like India over the past few years due to affordable broadband connectivity.
To Buy the Complete Report: https://www.upmarketresearch.com/report/education-technology-market-global-industry-analysis
Key Benefits for Industry Participants & Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Education Technology Market
Read 243 Pages Research Report with Detailed ToC on "Education Technology Market by End User (Consumer, Business), by Sector (K-12, Preschool, Higher Education), by Type (Software, Hardware) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028"
For Any Questions on This Report: https://www.upmarketresearch.com/enquiry-before-buying/69856
Segments Covered in the Report
The global Education Technology market has been segmented based on
By End User
Middle East & Africa
Other Trending Reports:
Global eTextbooks and Multimedia in Higher Education Market by Type (Vocational Training, Professional Education, Skill Development, Others), By Application (University, College, Research & Development Firm, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Global Blockchain in Education Market by Type (Credentials Verification, Expanding MOOCs, Digital Rights Protection, Open-Source Universities, School Assets Tracking & Management, Other), By Application (University, Personnel Recruitments, Digital Rights Management, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Global Higher Education Catalog and Curriculum Management Software Market by Types (Cloud-Based, On- Premises), by Applications (School, Colleges/ Universities, Vocational Inst.), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Global Medical Education Market by Type (On-campus, Distance), By Application (Adult, Kid) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
About Up Market Research:
Up Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Up Market Research has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
1st Floor, Kalpavruksha Office No 1,
GK Lane Number 3,
Ingawale Nagar, Pimple Nilakh, Pune,
Phone: +1 909 414 1393
SOURCE Up Market Research