Market Research Report E-learning Technology 2022
Report Overview
The estimated size of the global market for education technology in 2021 was USD 106.46 billion, and it is projected to grow at a CAGR of 16.5% between 2022 and 2030. Education technology, or EdTech, is the hardware and software tools used to teach students online and improve their learning in the classroom. Education technology platforms (edtech) help students get a complete education by using technology to teach and learn. eBooks and other online learning materials that can be accessed worldwide are becoming increasingly popular. Digital material is simpler to produce than printed content, with higher manufacturing expenses. Digital books easily accessible in other languages can be translated and retrieved by a bigger user base.

Additionally, students with physical constraints can listen to the educational material in an audio format to improve their interpretative reading skills and increase their vocabulary. For instance, Texthelp Ltd., a renowned assistive technology provider for the EdTech industry, released OrbitNote, a pdf-enabled software, in January 2022. Students who are blind or visually handicapped would benefit from being able to access the paper by making voice notes.
Additionally, OrbitNote allows users to interact with digital copies completely differently. They will be able to design a shared, public, interactive space where people may work together. EdTech products are anticipated to develop in tandem with the most recent technological developments, including IoT, AI, and AR/VR, and contribute considerably to the market’s expansion. The incorporation of AR and VR in EdTech solutions aids in providing learners with an engaging experience. It encourages student participation by enabling exploration and easy connection with abstract ideas. For instance, a new AR/VR learning gadget in January 2022 by zSpace, Inc. This U.S.-based EdTech company offers hybrid or remote learning to assist students with multidimensional information in a virtual world without using glasses. On the other hand, blockchain technology enables end users to maintain and safeguard student and learner records, enabling educators to assess how students use the materials and make data-driven decisions.
Increasing student participation is quickly becoming one of the educators’ top priorities. Market players have created interactive whiteboards and converted from projector-based displays to touchscreen displays to address these problems. The information technology business Huawei Technologies Co., Ltd. launched a kid’s smart learning screen in July 2021 with various educational resources and apps, including a parent management education center, textbooks, teaching classes, word lookup, remote homework tutoring, and smart learning solutions. Such programs support the learners’ active learning and the growth of crucial preparedness skills. Student information systems (SIS) are accessible to educators and students. The primary goal is to create detailed student profiles that empower educators to make wise decisions to increase each student’s performance.
However, market participants must adhere to copyrights and data privacy norms when introducing any new EdTech product because EdTech solutions also retain students’ data. On the other hand, all U.S.-funded colleges and universities’ FERPA and PPRA standards must be followed by the Department of Education (DOE). While PPRA emphasizes protecting students’ personal information collected through surveys, FERPA attempts to secure student records. The General Data Protection Regulation (GDPR), which restricts access to and processing user data by all categories of organizations engaged in managing massive amounts of information, also applies to EdTech enterprises operating in the European Union (EU). For instance, the Canadian government established a Digital Charter in March 2021 that would give each person sovereignty over their personal information. A few guidelines are outlined in the digital charter that must be upheld and adhered to protect data privacy.
Smart classrooms are speeding up the growth of the EdTech sector by equipping classrooms with animations, multimedia, music, video, and graphics to help teachers and students learn and teach better. Higher academic performance is the outcome, and this increases student engagement. Teachers with access to computers and audio-visual equipment can educate using various media in smart classrooms. An interactive whiteboard, DVDs, a PowerPoint presentation, and more are shown via a data projector. A digital initiative called “smart class” revolutionizes how professors impart knowledge and pupils learn. Students can now complete their academic work from the comfort of their homes with the help of remote learning and various multimedia resources, thanks to smart classrooms. It has helped teachers to track each student’s progress individually, provide feedback or support, and call on any kid in the room without getting up from their desk.
Additionally, it enables them to work together constructively on assignments from wherever in the classroom. For instance, the Delhi government constructed 16 smart classrooms in January 2022 at Shaheed Amir Chand Sarvodaya Vidyalaya to build 20,000+ smart classrooms at educational facilities. A smart classroom enhances instruction and learning while providing students access to all available online learning resources. Modern cameras would be installed in the classrooms to record lessons in real-time, which would then be accessible to teachers and students as needed in the future.
The Bruhat Bengaluru Mahanagar Palike (BBMP) school in Bangalore will also open 60 digital classrooms and seven computer laboratories, each with 20 PCs, in March 2022 to promote creative learning. Through the use of 3D digital models, this effort will assist teachers in bettering teaching and student comprehension of the topics. Additionally, in March 2022, Lenovo modified its previously established Lenovo EdVisions initiative to offer a hybrid classroom setting with Lenovo smart education. Students now access an improved curriculum that offers a more engaging learning environment. Additionally, it provides a platform for teachers to discuss their hybrid classroom experiences and methods. For instance, in August 2021, the city of Bhubaneshwar in the Indian state of Odisha started collaborating with Bhubaneshwar Smart City Limited (BSCL) to install smart classrooms at Unit IX Government High School. The primary goal of this initiative was to provide virtual learning for teachers and students by integrating cutting-edge technology into the classroom. For instance, Kerala’s education minister said in September 2021 that special schools would get smart classrooms with advanced technology for visually impaired and hard-of-hearing kids. The State Council of Educational Research and Training will also make audio and video content on various subjects accessible to special students (SCERT).
Global forecasted spending on cutting-edge education technologies from 2018 to 2025

EdTech (educational technology) spending is anticipated to soar in numerous important sectors by 2025. An increase in augmented and virtual reality spending from 1.6 billion US dollars in 2018 to 12.6 billion in 2025 is predicted.
Market Dynamics
Market Drivers
Key growth drivers for the EdTech industry include the widespread use of smart devices, unhindered internet access, the growing use of EdTech tools by academic and non-academic sectors, and the penetration of digitization in the education sector.
Market Restraints
The key issues restricting the market are the failure to reach common, middle-class, or low-income families and the mismatch between business and education. There is still a concern with the high cost of customer acquisition (CAC).
Regional Insights
In 2021, North America dominated the market, contributing more than 35% of worldwide sales. This high percentage can be ascribed to the numerous venture capitalist and private equity investments made in the American EdTech market. For instance, Class Technologies Inc., a U.S.-based EdTech platform that serves both K–12 students and classes in higher education, raised its Series B funding in July 2021 for a total of about USD 105 million. With this money, they may increase their presence outside the United States and continue providing resources to help institutions educate the affected students during the pandemic.
Between 2022 and 2030, Asia Pacific is predicted to have the fastest CAGR, at 19%. This expansion can be ascribed to the general public’s increasing use of computing and smart devices. Recently, emerging nations like India have seen a wave of accessible broadband connectivity, which has led to many businesses reaching out to the public. Thanks to this trend, users should be able to experience education and learn with the help of internet connectivity. In addition, those involved in education in underdeveloped nations are increasingly thinking about using technology to close the gap between existing educational infrastructure and available teaching resources. For instance, in January 2022, the Indian EdTech platform Teevra Edutech Pvt Ltd (SpeEd Labs) will use AI-powered tools, including a recommendation engine, analytical dashboard, and personalized improvement plan to spread across the country and close the achievement gap between students and teachers. Each student receives tailored instruction through individually designed courses from Teevra Edutech Pvt Ltd (SpeEd Labs).
Key Companies & Market Share Insights
Market participants who are engaged are putting a lot of effort into growing their clientele and acquiring an advantage over their competition. As a result, they undertake a range of strategic activities, including joint ventures, mergers and acquisitions, partnerships, and the creation of new goods and technologies—for instance, Teachmint Technologies Pvt. Ltd, an online app for students and teachers, acquired MyClassCampus (Teachmint Technologies Pvt. Ltd), an ERP platform for educational organizations, in January 2022. As a result of this acquisition, Teaching will be able to expand its offerings in schools and other educational institutions by integrating its learning management system (LMS) with the ERP software.
Additionally, BYJU’S, an EdTech company that offers online tuition, teamed with Google LLC in June 2021 to improve the consistency of online learning for both teachers and students. Through this agreement, educational institutions can provide students with a customized digital platform for class management.
Leading EdTech unicorns worldwide in 2022 by valuation
(in billion US dollars)

The Indian startup ByJu has the greatest value among EdTech unicorns as of January 2022, with a valuation of 21 billion dollars. The remaining nine companies listed here were divided into four American, three Chinese, one Austrian, and one more unicorn from India.
Leading companies in the global market for education technology include
- Udacity, Inc
- Coursera Inc.
- BYJU’S
- Google LLC
- Instructure, Inc.
- Blackboard Inc.
- Edutech
- edX Inc.
- Microsoft
- Chegg, Inc.
- upGrad Education Private Limited
Questions and Answers
The estimated size of the global market for education technology in 2021 was USD 106.46 billion, and it is projected to grow at a CAGR of 16.5% between 2022 and 2030.
EdTech (educational technology) spending is anticipated to soar in numerous important sectors by 2025. An increase in augmented and virtual reality spending from 1.6 billion US dollars in 2018 to 12.6 billion in 2025 is predicted.
Key growth drivers for the EdTech industry include the widespread use of smart devices, unhindered internet access, the growing use of EdTech tools by academic and non-academic sectors, and the penetration of digitization in the education sector.
The key issues restricting the market are the failure to reach common, middle-class, or low-income families and the mismatch between business and education. There is still a concern with the high cost of customer acquisition (CAC).
The Indian startup Byju’s has the greatest value among EdTech unicorns as of January 2022, with a valuation of 21 billion dollars. The remaining nine companies listed here were divided into four American, three Chinese, one Austrian, and one more unicorn from India.