North America EdTech Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
North America EdTech Market Size- By Deployment, By Type, By End User, By Sector- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: EDUI2402 | Pages: 1 - 152 | Formats*: |
| Category : Education Industry | |||
North America EdTech Market Introduction and Overview
According to SPER Market Research, the North America EdTech Market is estimated to reach USD 92.66 billion by 2033 with a CAGR of 13.66%.
The report includes an in-depth analysis of the North America EdTech Market, including market size and trends, product mix, distribution channels, and supplier analysis. Educational technology, also known as EdTech, is the use of digital tools, platforms, and resources to improve teaching and learning experiences. It uses technology to provide access to educational content, tailor learning routes, and improve overall educational outcomes. EdTech comprises a diverse set of technologies and methodologies, such as online learning platforms, interactive educational apps, virtual reality simulations, gamified learning experiences, and adaptive learning systems.
Market Opportunities and Challenges
Opportunities: The increased use of EdTech as a result of the need for digital learning is providing a good market outlook. Learners are looking for flexible and accessible learning options. EdTech platforms offer solutions that may be accessible at any time and from any location utilizing a variety of devices, including smartphones, tablets, personal computers (PCs), and laptops. Furthermore, the integration of new technologies such as AI, machine learning (ML), augmented reality (AR), and virtual reality (VR) is helping to drive the EdTech market forward. Furthermore, the growing emphasis on lifelong learning and professional growth is driving demand for the EdTech market. Aside from that, EdTech platforms provide flexible and accessible learning opportunities for anyone interested in lifelong learning and professional growth.
Challenges: The North American EdTech business confronts a number of obstacles. One major issue is the digital divide, which refers to differences in access to technology and the internet across different socioeconomic classes. Despite broad acceptance of digital tools in many schools and communities, there are still underserved people, particularly in rural and low-income areas, who have limited access to high-speed internet and modern equipment. This causes educational disparities and exacerbates existing achievement discrepancies. Furthermore, privacy and security issues about student data gathering and use present another challenge.
Market Competitive Landscape
The EdTech market in North America is highly consolidated. Some of the market key players are Google LLC, Microsoft Corporation, Instructure, Inc., Coursera, Inc., Chegg, Inc., edX, Inc., BYJU'S, Upgrad Education Private Limited, Udacity, Inc., and Edutech.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Deployment, By Type, By End User, By Sector |
| Regions covered | US, Canada, Mexico, Rest of North America |
| Companies Covered | Google LLC, Microsoft Corporation, Instructure Inc, Coursera Inc, Chegg Inc, edX Inc, BYJU'S, Upgrad Education Private Limited, Udacity Inc, and Edutech. |
COVID-19 Impact on North America EdTech Market
The COVID-19 pandemic has had a significant impact on the North American EdTech sector, accelerating the growth and use of digital learning technologies. With significant school closures and the shift to remote or hybrid learning models, educational institutions around the region have turned to technology to ensure continuity in teaching and learning. This abrupt transition has expedited the use of online learning platforms, video conferencing tools, and other digital resources, resulting in increased demand for EdTech products and services.
Key Target Audience:
- K-12 Education
- Higher Education Institutions
- Corporate Training
- Vocational Training
- Adult Education
- Special Education
- Homeschooling Communities
- Language Learning
- STEM Education
Our in-depth analysis of the North America EdTech Market includes the following segments:
| By Deployment: | |
| By Type: | |
| By End User: | |
| By Sector: |
Key Topics Covered in the Report:
- North America EdTech Market Size (FY’2024-FY’2033)
- Overview of North America EdTech Market
- Segmentation of North America EdTech Market By Deployment (On-Premise, Cloud)
- Segmentation of North America EdTech Market By Type (Hardware, Software, Content)
- Segmentation of North America EdTech Market By End User (Business, Consumer)
- Segmentation of North America EdTech Market By Sector (K-12, Preschool, Higher Education, Others)
- Expansion Analysis of North America EdTech Market
- Problems and Obstacles in North America EdTech Market
- Competitive Landscape in the North America EdTech Market
- Impact of COVID-19 and Demonetization on North America EdTech Market
- Details on Current Investment in North America EdTech Market
- Competitive Analysis of North America EdTech Market
- Prominent Players in the North America EdTech Market
- SWOT Analysis of North America EdTech Market
- North America EdTech Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America EdTech Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America EdTech Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America EdTech Market
7. North America EdTech Market, By Deployment (USD Million)
7.1. North America EdTech Market Value Share and Forecast, By Deployment, 2024-20337.2. On-Premise7.3. Cloud
8. North America EdTech Market, By Type (USD Million)
8.1. North America EdTech Market Value Share and Forecast, By Type, 2024-20338.2. Hardware8.3. Software8.4. Content
9. North America EdTech Market, By End User (USD Million)
9.1. North America EdTech Market Value Share and Forecast, By End User, 2024-20339.2. Business9.3. Consumer
10. North America EdTech Market, By Sector (USD Million)
10.1. North America EdTech Market Value Share and Forecast, By Sector, 2024-203310.2. K-1210.3. Preschool10.4. Higher Education10.5. Others
11. North America EdTech Market Forecast, 2020-2033 (USD Million)
11.1. North America EdTech Market Size and Market Share
12. North America EdTech Market, By Deployment, 2020-2033 (USD Million)
12.1. North America EdTech Market Size and Market Share By Deployment (2020-2026)12.2. North America EdTech Market Size and Market Share By Deployment (2027-2033)
13. North America EdTech Market, By Type, 2020-2033 (USD Million)
13.1. North America EdTech Market Size and Market Share By Type (2020-2026)13.2. North America EdTech Market Size and Market Share By Type (2027-2033)
14. North America EdTech Market, By End User, 2020-2033 (USD Million)
14.1. North America EdTech Market Size and Market Share By End User (2020-2026)14.2. North America EdTech Market Size and Market Share By End User (2027-2033)
15. North America EdTech Market, By Sector, 2020-2033 (USD Million)
15.1. North America EdTech Market Size and Market Share By Sector (2020-2026)15.2. North America EdTech Market Size and Market Share By Sector (2027-2033)
16. North America EdTech Market, By Region, 2020-2033 (USD Million)
16.1. North America EdTech Market Size and Market Share By Region (2020-2026)16.2. North America EdTech Market Size and Market Share By Region (2027-2033)16.3. US16.4. Canada16.5. Mexico16.6. Rest of North America
17. Company Profile
17.1. BYJU'S17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Chegg, Inc.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Coursera, Inc.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Edutech17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. edX, Inc.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Google LLC17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Microsoft Corporation17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Udacity, Inc.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Upgrad Education Private Limited17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America EdTech Market is projected to reach USD 92.66 billion by 2033, growing at a CAGR of 13.66% during the forecast period.
North America EdTech Market grew in market size from 2024. The Market is expected to reach USD 92.66 billion by 2033, at a CAGR of 13.66% during the forecast period.
North America EdTech Market CAGR of 13.66% during the forecast period.
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North America EdTech Market size is USD 92.66 billion from 2024 to 2033.
North America EdTech Market Segment is Covered By Deployment, By Type, By End User, By Sector
The North America region is anticipated to have the highest market share in North America EdTech Market.
The key players in the market include Companies Covered Google LLC, Microsoft Corporation, Instructure, Inc., Coursera, Inc., Chegg, Inc., edX, Inc., BYJU'S, Upgrad Education Private Limited, Udacity, Inc., and Edutech.
he increased use of EdTech as a result of the need for digital learning is providing a good market outlook. Learners are looking for flexible and accessible learning options.
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