Edtech theme analysis

According to GlobalData forecasts, the Edtech market grew by more than 10% in 2019. The following year, COVID-19 kickstarted faster growth. In 2020, Edtech market revenue was worth $149.2 billion. The global Edtech revenues are expected to grow at a CAGR of more than 10% during 2019-2030.

Edtech fueled by the impact of COVID-19 has grown into a global industry with economic and political implications. The growth in Edtech provides a cogent argument that its place in learning is not a short-term fad but a fundamental, long-term development. However, there is no guarantee that Edtech will drive instant change in a traditionally conservative education establishment. Continued investment in Edtech will help meet a need for increasing access to technology, borderless distribution models, and personalized products that can flex to meet demand.


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