Education Technology Market Size Worth $285.2 Billion by 2027: Grand View Research, Inc.

Education Technology Market Size Worth $285.2 Billion by 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, July 20, 2020

SAN FRANCISCO, July 20, 2020 /PRNewswire/ -- The global education technology market size is anticipated to reach USD 285.2 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technology has revolutionized the process of learning. From Massive Open Online Courses (MOOCs) to virtual classrooms, the education technology (EdTech) sector has emerged rapidly, leading to an influx of massive investments worldwide. Countries across the globe are realizing the potential of integrating technology to enhance student learning, enabling education leaders to undertake range of initiatives in integrating EdTech into their education systems, schools, and classrooms.

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Read 110 page research report with ToC on "Education Technology Market Size, Share & Trends Analysis Report By Sector (Preschool, K-12, Higher Education), By End User (Business, Consumer), By Type, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/education-technology-market

Developed economies, including U.S., U.K., and Germany, are at the forefront of developing and introducing innovative education technology offerings, supporting education administration, student and community engagement, and reducing teacher workload. On the other hand, emerging economies, such as India, are focusing on utilizing such technologies to provide access to educate their population. As a result, EdTech is anticipated to foresee substantial growth in such economies to educate the rapidly growing population rather than building a well-developed institute.

Technological advancements, such as artificial intelligence (AI), robotics, and augmented reality (AR)/virtual reality (VR), and their integration into learning are anticipated to transform the conventional techniques of teaching. These cross-curricular learning opportunities in the EdTech sector are expected to enable institutes and teachers to streamline resource commitments as well as develop students' knowledge through practical and cross-curricular applications.

Grand View Research has segmented the global education technology market based on sector, end user, type and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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