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EdTech Market to Record 20.93% Y-O-Y Growth Rate in 2021 | Cloud Deployment is emerging as an appealing alternative for EdTech companies | TechnavioNEW YORK, Jan. 20, 2022 /PRNewswire/ -- EdTech Market Facts at a Glance-
Didn't Find What You Were Looking For? Customize Report- Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now! According to the recent market study by Technavio, the EdTech Market is expected to increase by USD 112.39 billion from 2020 to 2025. However, the market is anticipated to witness a decelerating CAGR of 17.85% during the forecast years. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. North America will register the highest growth rate of 46% among the other regions. The US is a key market for Edtech. Download FREE Sample: for more additional information about the key countries in North America Vendor Insights- Various players in the market are engaging in strategic partnerships and acquisitions for expanding their reach in the Edtech market. For instance, in September 2021, Microsoft Corp. partnered with Ed4All to transform learning and empower students with digital skills. Furthermore, in the same year, the company collaborated with AICTE, NASSCOM, EY, GitHub, and Quess Corp to empower India's youth with tech skills to be job-ready. Find additional highlights on the vendors and their product offerings. Download Free Sample Report Regional Market Outlook Integration of cloud computing and cloud-based solutions are gaining popularity in various sectors due to their ability to speed the development and implementation of novel solutions and enhanced user experience and operational productivity. Moreover, these cloud-based solutions provide the education enterprises and institutions with simple scalability and flexibility in operations with lower overall costs and reduced operational hazards. Download our FREE sample report for more key highlights on the regional market share Latest Drivers & Challenges Driving the Market-
Amazon has created a revolution in the US by the deployment of an e-reader which is easy to use and makes it convenient for the customers to purchase books at competitive prices. In addition, the imposition of lockdown in the past year has fueled the adoption of e-books due to their flexibility and simplicity. Also, due to the absence of other options such as outdoor games people engaged more in reading e-books during their spare time. Additionally, the instructors would compile reading materials from various sources for students to access on their handheld devices or computers. Therefore, the growing flexibility provided by e-books is estimated to boost the global EdTech market during the forecast period.
The lockdown situation has revolutionized the centuries-old tradition of visiting schools as school and university classrooms are now accessed on laptops and smartphones through the internet. Before the lockdown, most of the universities worldwide were offering open online courses as a supplement for face-to-face teaching and learning. Moreover, online education has become inclusive which has led to the growth of open-source learning content. Additionally, the institutes and universities are offering either free of cost or charging a minimum amount for the courses provided. Thus, the large availability of open-source learning content is expected to hinder EdTech's market growth during the forecast period. Find additional information about various other market Drivers & Trends mentioned in our FREE sample report. Here are Some Similar Topics- Game-based Learning Market in US by Product and End-user - Forecast and Analysis 2021-2025: The Game-based learning market size in the US has the potential to grow by USD 4.98 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 20.31%. Download Exclusive Free Sample Report Education Consulting Market by Type and Geography - Forecast and Analysis 2021-2025: The Education consulting market size has the potential to grow by USD 579.19 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.01%. Download Exclusive Free Sample Report
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