Education Technology Market To Hit Value 7.85 Billion By 2028Posted by Mrudula Karmarkar on March 16th, 2022 The global education technology market size is expected to reach USD 377.85 billion by 2028, registering a CAGR of 19.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to Massive Open Online Courses (MOOCs), the industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating education technology (EdTech) into the overall education system. The proliferation of smart devices and the continued rollout of internet connectivity drive the growth of the market. The rising awareness about the advantages of integrating the latest technologies in education systems is also contributing to the growth of the market. Developed economies, including the U.S., the U.K., and Germany, are focusing on introducing innovative EdTech offerings, supporting education administration, reducing teacher workload, and engaging students and the community. On the other hand, emerging economies focus on ensuring easy and convenient access to educational opportunities for the citizens. EdTech holds immense potential to ensure access to education for the rapidly-growing population, particularly in emerging economies. The education industry is on the cusp of a digital revolution. In the age of digitization and automation, conventional teaching methods are not the only available options for educating students. Advances in the latest technologies, such as Artificial Intelligence (AI), robotics, Augmented Reality (AR), and Virtual Reality (VR), and their potential integration into learning are anticipated to transform the conventional teaching techniques. These cross-curricular learning opportunities can enable institutes and teachers to streamline resource commitments while encouraging students’ knowledge development through practical and cross-curricular applications. MOOCs are also gaining immense popularity across the globe and are emerging to be an affordable mode of online education. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/education-technology-market/request/rs1 Education Technology Market Report Highlights
List of Key Players of Education Technology (EdTech) Market
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