Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

EdTech Market Primed to Reach USD 421 Billion by 2032 with 12.9% CAGR | Rise in K-12 and Higher Education By Sector Segment;



New York, May 26, 2023 (GLOBE NEWSWIRE) — The EdTech Market is Expected to Accumulate a Value of US$ 421 Billion by 2032 from US$ 129 Billion in 2022; Registering a CAGR of 12.9% in the Forecast Period 2023 to 2032.

EdTech is a general term that comes from the combination of two words education and technology. It refers to the adoption of software and hardware solutions that aim to improve student learning and teacher pedagogy. The meaning and interpretations of terms will differ depending on who uses them. An example: A teacher may focus on solutions and methods that can be used in class, while an investor would focus on market conditions and start-ups. This will explain the different meanings of the term. The second section will cover the variety of EdTech products, while the last section will identify future trends. EdTech covers not only hardware and software but also theories and research to determine the best ways to teach people new skills and knowledge.

EdTech Market

Get additional highlights on major revenue-generating segments, Request an EdTech Market sample report at

Key Takeaway:

  • By Type, the hardware segment has generated the highest revenue share during the forecast period (2023-2032).
  • By Sector, the K12 segment has dominated the market, and it is growing at the fastest CAGR over the forecast period 2023 to 2032.
  • By Deployment, the cloud segment anticipated growth during the forecast period.
  • By End-User, the business segment dominated the market in 2022 and is also anticipated to have the fastest growth during the forecast period (2023-2032).
  • In 2022, North America dominated the market with the highest revenue share of 36%.
  • Europe held a 25% revenue share in 2022.
  • Asia-Pacific will grow at the fastest CAGR from 2023-2032.

The EdTech industry is expected to grow due to the adoption of digital learning tools such as audience response systems and interactive whiteboards that create a learning environment for students. Digital spending will surpass 5% of total education expenditure in the next five years. This is due to the favorable government initiatives in all countries to provide grants and funds to students to create smart learning systems. Therefore, it is expected to drive the EdTech market growth during the forecast period.

Factors Affecting the Growth of the Global EdTech Market

There are several factors that can affect the growth of the global EdTech market. Some of these factors include:

  • Distance Learning Was One Of The Most Popular Trends In The Smart Classroom And EdTech Industry

The pandemic has drastically altered the information-learning and teaching process. Social distancing norms have led to learners shifting to digital learning via digital platforms. The trend of distance learning will continue to grow by considering the opening of some educational institutions. The majorly online educational providing platforms are in high demand. Distance learning can be done via a slide-format online method or an online course that helps viewers learn the skills they need.

  • The rapid acceptance of mobile technology has led to significant changes in education technology and the market for smart classrooms.

The rapid increase in mobile penetration and low-cost e-learning materials is driving the growth of the education sector. The highest internet and mobile penetration rates are found in the United States, Europe, and the Commonwealth of Independent States. In addition, emerging markets are expected to see significant growth, as mobile is a vital tool for knowledge acquisition. As a result, the Education Technology Market will proliferate over the next year.

  • EdTech aims to improve student outcomes.

Increase individualized education, reduce teaching burden, and lower the cost of instruction. Several individuals praise technology in the classroom. Others fear it can be impersonal and lead to data collection and student and instructor tracking.

To understand how our report can bring a difference to your business strategy, Inquire about a brochure at

Top Trends in Global EdTech Market

The development of artificial intelligence in education and the teaching of STEM and programming are emerging trends. Immersive technologies in teaching and learning are also a growing trend. Online tuition and language learning are likely to continue to grow in popularity thanks to the Covid-19 pandemic. As schools have to communicate more effectively with parents and offer home learning in the event of school closings, parent portals will be more integrated into daily practice. EdTech products that use adaptive learning algorithms and neural networks are more likely to succeed than traditional learning software, as they offer greater possibilities for personalized learning and parent feedback. As technology becomes more affordable and accessible, virtual and augmented realities will continue to grow and develop. Asia will likely continue to grow as a market because of its large educated population. This creates an apparent demand for EdTech innovation.

Regional Analysis

The EdTech demand is high in North America, Eastern Europe, Western Europe, Latin America and Asia Pacific, the Middle East & Africa. North America was the dominant revenue share in 2022, with more than 36%. This is due to venture capitalists’ large number of investments in the EdTech sector in America. Asia Pacific is expected to see the greatest CAGR during the forecast period. China led regional EdTech market growth, followed by India & Japan. Regional market growth is expected to be driven by favorable government initiatives and increased venture funding from private investment firms. Industry growth is expected to be affected by the increased consolidation of EdTech companies in Asia Pacific.

Have Queries? Speak to an expert or Click Here To Download/Request a Sample

Scope of the Report

Report Attributes Details
Market Value (2022) USD 129 Billion
Market Size in 2032 USD 421 Billion
CAGR (2023 to 2032) 12.9%
North America Revenue Share 36.0%
Europe Revenue Share 25.0%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

Education technology has several benefits. According to educators, students learn at different speeds and in different ways. Some students learn best by reading information, but others find audio-visual information more helpful. EdTech allows students to learn from the most valuable and effective sources. Online learning students enjoy the advantage of accessing training and teaching at their own pace. Online learning allows students to study at their own pace and in a way that suits them best. This makes obtaining education and professional training for all kinds of people easier. This is especially helpful for people who have a full-time job and would find it difficult to take regular university courses. The enormous potential savings in education is an obvious and significant benefit of EdTech. Online e-learning is available at a fraction of the cost of attending a large university or small community college. Online learning is more affordable than traditional education, making obtaining a degree or professional certification easier.

Market Restraints

Cyberattacks have made schools more vulnerable as they increased the use of technology to teach, learn, and continue school operations in remote environments. Microsoft Security Intelligence reported that the education sector was responsible for 61% of the nearly 7.7 million enterprise malware incidents in the past month. This makes it the most vulnerable industry. These cyberattacks require enterprises to create a robust system to protect Education Technology, Gamification, and other platforms for students.

Although EdTech has many benefits, it is not recommended for children under five. Many sociologists, psychologists, educational theorists, and educators fear that students who learn online will not develop the social skills necessary to interact with others. Teachers warn that parents who use distance learning to teach their children should ensure they have regular contact with them via multiple avenues such as field trips, sports, and other activities. During the COVID-19 epidemic, almost everyone is experiencing a lack of normal social interactions.

Market Opportunities

EdTech has been around for longer than most people realize. Computer-aided education is simply a natural result of improved technology. Schools and training centers used existing technology in the mid-twentieth Century, including copy machines and media learning via training films. In the 1960s, schools began experimenting with computers for teaching spelling and math. Soon after internet connectivity was available, online courses were created. It is estimated that six million students enrolled in U.S.-based courses by 2010. Open University in the United Kingdom and the University of British Columbia in Canada pioneered online education. They allowed students to communicate with each other and teachers directly. EdTech has become more accessible and more efficient thanks to the development of better video conferencing programs and multimedia sources. EdTech now includes innovations such as EdTech “robots” for students to take notes, blockchain tools for educators to grade student work and tools for educators to grade.

Grow your profit margin with – Purchase This Premium Report at

 Report Segmentation of the Global EdTech Market

Type Insight

The EdTech hardware segment is predicted to be the largest in the global EdTech market during the forecast period based on its types. This segment’s growth can be attributed to the growing demand for learning management software across educational institutions, government agencies, and enterprises. Learning management systems have seen a significant increase in demand over the past few years. They allow end users to create, manage, and maintain lessons, courses, as well as other training materials. This will likely increase the market growth for learning management systems over the forecast period.

By Sector Insight

Due to the growing popularity of gamification in this sector, the K-12 market accounted for around 35% of the EdTech market by 2022. This is due to the improvement of math skills among students. This provides a rich experience for students in the classroom and exposes them to lab-based experiments as well as virtual field trips. Matific, for example, launched an AI-powered learning platform for math through gamified experiences in September 2022.

By Deployment Insight

Cloud-based IT systems have become more valuable due to the increasing emphasis on remote learning and digital lesson plans. The cloud is an opportunity for technological innovation that promotes change for its users. Cloud computing is an information technology paradigm that provides computing services over the Internet using remote servers, database systems, and networking. It also uses software, software, and other digital tools. Cloud computing offers significant advantages for higher education, especially for students transitioning from K-12 to university. Cloud technology can be used to engage students and teachers in online classes. The cloud is the most popular technology because of its flexibility in storage and usage, strong security measures, and ease of use. Teachers can use the cloud to teach online and share large files in many formats and types at a low cost. Nearly every EdTech company or educational organization prefers the cloud. Gamification is another trend in education technology. Traditional education is tedious and requires a lot of effort and concentration. Gamification makes learning more fun. Gamification lets learners compete against each other or against a timer. They can see their scores on leaderboards in real time and earn rewards for scoring well. Gamification has made learning more fun and exciting for users today. Many major players have adopted gamification as an emerging EdTech marketing trend.

By End-User Insight

The business segment dominated the global EdTech market in 2022 and anticipated the fastest growth during the forecast period (2023-2032). The market share increases due to collaboration with EdTech films, educational institutes, and content creators which all make the significant growth of the digital educational sector

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at

Market Segmentation

By Type

  • Hardware
  • Software
  • Content

By Sector

  • Preschool
  • K-12
  • Higher Education
  • Other Sectors

By Deployment

  • Cloud
  • On-Premises

By End User

  • Business
  • Consumer
  • Other End-Users

By Geography

North America

  • The US
  • Canada
  • Mexico

Latin America

  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America

Eastern Europe

  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe

Western Europe

  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe


  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC

Middle East & Africa

  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Competitive Landscape

The competitive landscape of the market has also been examined in this report. Some of the major players include

  • Coursera Inc.
  • BYJU’S
  • Chegg, Inc.
  • Blackboard Inc.
  • Edutech
  • Google LLC
  • edX Inc.
  • Instructure, Inc.
  • Udacity, Inc.
  • upGrad Education Private Limited
  • Other Key Players.

Recent Development of the Global EdTech Market

The leading EdTech companies constantly innovate to develop new EdTech products that meet requirements. They have also adopted strategies such as mergers, acquisitions, and partnerships to increase their global reach. For example,

  • SMART Technologies introduced interactive displays that have advanced features such as integrated microphone arrays, greater stability, and NFC login in 2022.
  • Chegg Inc. launched a center for digital learning in June 2022 to support educators and foster excellence across online, in-person, and hybrid learning modalities. The platform will allow educators to share educational content with millions on Chegg, improving learner outcomes. Research is leading research firm, has also published the following reports: 

  • Ed-Tech and Smart Classroom Market was valued USD 88.82 billion in 2021 and estimated CAGR of 17.8%, over forecast year.
  • Game-Based Learning Market was valued at USD 11.5 billion in 2022 and is expected to reach USD 77.4 billion between 2023 and 2032, this market is estimated to register the highest CAGR of 21.6%.
  • Educational Robots Market was valued at USD 1.2 billion in 2022. This market is estimated to register CAGR of 16%.
  • Metaverse Market Size Was To Reach USD 65.2 Billion In 2022 And Projected To Reach a Revised Size Of USD 2346.2 Billion By 2032

About Us:

Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

Follow Us On LinkedIn Facebook Twitter

Our Blog: 

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
Photo –

View original content:

Continue Reading

Artificial Intelligence

Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
Logo –

View original content:–partners-digital-nomad-visas-sparking-a-migration-boom-302010292.html

Continue Reading

Artificial Intelligence

Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

Request Sample Copy of Report: 
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): 
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: 
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR 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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:

View original content:

Continue Reading