Global Online Education Technology Market, By Sector (Preschool, K-12, Higher Education), By End User (Business, Consumer), By Type (Hardware, Software) and forecast 2020-2027
Online Education Technology Market Overview
Digital technology will improve access to education. Learners are more and more shifting toward eBooks which will be accessed on-line from anyplace across the world. Digital content is relatively straightforward to get than written content that tends to incur higher production prices. Moreover, digital books are obtainable in numerous languages and may be simply translated and retrieved by a wider user base. Additionally, learners, particularly with physical disabilities, will hear the tutorial content in an audio format to enhance their vocabulary and encourage higher informative reading.
The covid-19 Impact on Online Education Technology Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Sector, End User, Type and Region
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||IBM Corp., Microsoft Corp., The Linux Foundation, BTL Group Ltd. , Chain, Inc. , Circle Internet Financial Ltd. , Deloitte Touche Tohmatsu Ltd. , Digital Asset Holdings, LLC, Global Arena Holding, Inc. (GAHI), Monax , Ripple.
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount. Online Education Technology Market Segment Overview
By Sector, The K-12 segment led the market in 2020 accounting for a revenue share of over 41st and can retain the leading position increasing at a gradual CAGR from 2021 to 2028. The high share is attributed to the growing trend of game-based learning within the K-12 sector. The bulk of the academics within the K-12 sector support gamification initiatives to develop the students’ scientific discipline learning skills with the mixing of practical, project-based work in schools. Additionally, incorporating technologies during this sector allows immersive content and provides experiences, like virtual field visits and complex lab-based experiments, resulting in an engaging learning experience.
By End-user, The business section diode the market in 2020 accounting for over sixty nine share of the world revenue. The high share is attributed to the upsurge in partnerships among EdTech companies, instructional institutes, and content developers to form important opportunities for the digital education sector. As a result, partnerships and collaborations square measure progressively turning into a crucial a part of this developing system.
By Type, The hardware segment led the market in 2020 accounting for over 42nd of the world revenue share. The high share is attributed to the increased prominence of digital school rooms across the education business. They incorporate a large varies of options, like dry-erase surfaces, digital pens, human action software system, and alternative multi-touch choices. Also, they allow users to save lots of and share notes among alternative digital devices, like tablets, smartphones, and laptops.
Market Analysis, Insights and Forecast – By Sector
· Higher Education
Market Analysis, Insights and Forecast – By End User
Market Analysis, Insights and Forecast – By Type
· Software Online Education Technology Market Regional Overview
Region-wise, in terms of regions, North America dominated the market in 2020 and control over 37th share of the world revenue. The regional market can retain its dominance throughout the forecast period due to the many investments from venture capitalists and private-equity investors within the EdTech sector within the U.S. for example, education technology start-up firms within the U.S. reportedly raised funding value some. Because the sector matures, firms with substantial revenue growth area unit expected to draw in bigger funding and differentiate themselves from the new market entrants.
Online Education Technology Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Online Education Technology Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Online Education Technology are highlighted below.
· In 2020, the la Unified school district (LAUSD) partnered with Public Broadcasting Service (PBS) to supply students customized instructional programming on 3 over-the-air broadcasts and a spread of digital options.. Online Education Technology Market, Key Players
· Blackboard, Inc.
· Chegg, Inc.
· Coursera, Inc.
· edX Inc.
· Google LLC
· Instructure, Inc.
· Udacity, Inc.
· upGrad Education Pvt. Ltd.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Online Education Technology market during the forecast period?
A. Online Education Technology market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Online Education Technology Market?
A. K-12 segment is projected to hold the largest share in the Online Education Technology Market.
Q3. What are the driving factors for the Online Education Technology market?
A. Digital technology will improve access to education. Learners are more and more shifting toward eBooks which will be accessed on-line from anyplace across the world are key factors that boost the growth of the Online Education Technology market progressively
Q4. Which Segments are covered in the Online Education Technology market report?
A. Sector, End User, Type and Region, these segments are covered in the Online Education Technology market report.
Q5. Which are the prominent players offering Online Education Technology?
A. BYJU'S; Blackboard Inc.; Chegg, Inc.; Coursera Inc.; Edutech; edX Inc.; Google LLC; Instructure, Inc.; Microsoft; Udacity, Inc.; upGrad Education Pvt. Ltd. are some of the key players offering Online Education Technology