Education Technology Market Is Expected To Reach $998.4 Billion by 2030, says P&S Intelligence
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Monday, April 18, 2022
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NEW YORK, April 18, 2022 /PRNewswire/ --The global education technology market size was estimated at $237.6 billion in 2021, and it is expected to touch $998.4 billion by 2030, at a CAGR of 17.3%.
Key Points:
- NEW YORK, April 18, 2022 /PRNewswire/ --The global education technology market size was estimated at $237.6 billion in 2021, and it is expected to touch $998.4 billion by 2030, at a CAGR of 17.3%.
- Individual learners generated above $100 billion in education technology market revenue in 2021 as they are more open to garnering new skills.
- Thus, hardware accounted for approximately 60% of the revenue in the education technology market in 2021, attributed to the strengthening significance of digital classrooms.
- COVID-19 has boosted the adoption of advanced education technology and emphasized the prospect of education innovations encouraged by EdTech institutions.