The Future of Learning: 50+ Top EdTech Statistics For 2024

EdTech, short for Education Technology, is a game-changer in learning. It’s all about using technology to make education more engaging, interactive, and personalized. 

The education technology industry has radically transformed in recent years, changing how we learn, teach, and interact with educational content. 

As technology advances and digital adoption accelerates, Edtech has emerged as a key driver of innovation in the education sector. With investments pouring in and new solutions emerging, the Edtech landscape rapidly evolving. But what do the numbers tell us? 

In this article, we’ll explore the latest Edtech statistics, including market size, growth rates, adoption trends, and more. From the rise of online learning to the impact of AI on education, we’ll examine the data behind the trends shaping the future of learning. 

Get ready to uncover the insights that will help you stay ahead of the curve in the exciting world of Edtech.

Key EdTech Statistics (Editor’s Pick)

• Since 2020, EdTech adoption among K-12 schools has increased by 99%.
• The global edtech market is expected to grow from $108.246 billion in 2024 to $411.566 billion by 2034, representing a compound annual growth rate (CAGR) of 14.3% over the next decade
• The K-12 education technology market is valued at $1.6 billion in 2023. It is expected to reach $8.8 billion by 2032, growing at a 21.3% CAGR from 2023 to 2032.
• The education market for augmented reality (AR) was valued at $5.3 billion in 2023, while revenues from Virtual Reality (VR) head-mounted displays (HMDs) in education were expected to exceed $640 million.
• The global higher education technology market was anticipated to be worth USD 36.24 billion in 2022, with a compound annual growth rate (CAGR) of 18.6% expected between 2023 and 2030.
• The U.S. EdTech market is expected to grow at a compound annual growth rate (CAGR) of 11.3% between 2024 and 2030.
• Australia and New Zealand are expected to experience significant growth in the EdTech market, with a projected CAGR of 22.7% from 2024 to 2034.
• North America is expected to contribute 41% to the global EdTech market growth during the forecast period. 
• The demand for Generative AI in Edtech in North America was estimated at USD 39.1 million in 2023 and is expected to considerably expand from 2024 to 2033.
• The global generative AI in the EdTech market is expected to grow from $268M in 2023 to $8.3B by 2033, at a 41% CAGR from 2024 to 2033.
• The adoption of Generative AI for grading and assessment in EdTech solutions increased by 15% in 2023, streamlining educators’ workloads.

General EdTech Statistics 

1. The top 5 Edtech learning management systems include Google Classroom, Canvas, Schoology, Savvas Realize, and Seesaw. (source)

2. The top 3 Edtech study tools students and educators prefer are Quizlet, Desmos, and Grammarly. (source)

3. Since 2020, EdTech adoption among K-12 schools has increased by 99%. (source)

4. One challenge facing the EdTech market is limited access to reliable internet and digital devices, which hinders widespread adoption. (source)

EdTech Industry Statistics

The Edtech industry has grown tremendously because people crave more flexible and personalized learning methods. 

Traditional education methods are having trouble keeping up with technological advancements. This is why Edtech companies have filled the gap by offering innovative solutions that cater to the unique needs of students, teachers, and schools.

5. The global EdTech market is projected to reach US $231.08 billion by 2027, with a compound annual growth rate (CAGR) of 13.61% from 2022 to 2027. (source)  

The hardware segment showed gradual market share growth from US $27.14 billion in 2017 to 2021.

6. The global edtech market is expected to grow from $108.246 billion in 2024 to $411.566 billion by 2034, representing a compound annual growth rate (CAGR) of 14.3% over the next decade. (source) 

7. Worldwide spending on EdTech is expected to grow substantially, particularly in augmented and virtual reality, from US$ 1.6 billion in 2018 to US$ 12.6 billion in 2025. (source)

K-12 EdTech Statistics 

8. The K-12 education technology market is valued at $1.6 billion in 2023. It is expected to reach $8.8 billion by 2032, growing at a 21.3% CAGR from 2023 to 2032. (source)

9. The K-12 EdTech segment held the largest market share in 2023, exceeding 39%, driven by the increasing popularity of game-based learning in the K-12 sector. (source)

10. According to a 2022 report, K-12 EdTech engagement was focused 17.5% on organization, 22.5% on educators, and 66.0% on learners. (source)

11. During the 2022-23 school year, Google Classroom was the leading learning management system used by K-12 students and teachers in the United States. (source)

Corporate E-learning Statistics 

12. The global corporate e-learning market, worth $22.15 billion in 2023, is projected to expand to $46.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030.  (source)

13. In 2019, the consumer goods sector held the largest share of the corporate e-learning market at approximately 20%. (source)

14. Corporate e-learning is divided into two types – on-premise deployment and cloud-based deployment, with cloud-based deployment being the main service form and accounting for approximately 79% of the market share in 2019. It is expected to continue to grow in the forecast period. (source)

15. The education market for augmented reality (AR) was valued at $5.3 billion in 2023, while revenues from Virtual Reality (VR) head-mounted displays (HMDs) in education were expected to exceed $640 million. (source)

16. According to a survey by the EdWeek Research Center, 42% of educators reported that students had greater access to school-issued personal devices during the pandemic than before. However, 18% of these educators noted that this increased access was temporary and would end up on schools reopening. (source)

17. 58% of educators in a survey claimed their perception of educational technology had improved due to increased use of technology during the coronavirus school building closures. (source)

18. 93% of teachers were engaged in some form of online instruction during the pandemic, with 50% teaching exclusively online. This percentage varied significantly based on the districts’ income levels. (source)

19. Among district leaders and teachers, 6% of the former and 21% of the latter reported a more negative view of educational technology following experiences during coronavirus closures. (source)

20. During school closures, 87% of teachers reported improving their ability to use educational technologies, while only 3% reported a decline in their ed-tech skills. (source)

21. Challenge-based gamification has been shown to increase student outcomes by up to 35% potentially.  (source)

College EdTech Statistics

22. The global higher education technology market was anticipated to be worth USD 36.24 billion in 2022, with a compound annual growth rate (CAGR) of 18.6% expected between 2023 and 2030. (source)

23. The private segment of the higher education technology market held around 60% market share in 2022 and is expected to remain dominant by 2030, while the public segment is expected to experience significant growth at a 21% compound annual growth rate (CAGR) between 2023 and 2030. (source)

24. In 2022, student information management systems dominated the higher education technology market, capturing over 25% of the market share. Meanwhile, campus management is poised for significant growth, projected to expand at a CAGR exceeding 25% during the forecast period. (source) 

25. Also, the professional services led the higher education technology market with a 59% share and is expected to maintain dominance through 2030. Meanwhile, managed services are projected to grow at a CAGR of 20%, representing the fastest-growing segment in the forecast period. (source) 

26. On-premise deployment led the higher education technology market with a 54% share in 2022, but cloud deployment is expected to grow at a CAGR of over 20% and gain ground by 2030. (source)

27. For learning mode, offline learning led the higher education technology market with a 53% share in 2022, but online learning is expected to grow at a CAGR of over 19% and gain ground by 2030. (source)

EdTech Statistics by Country

28. The U.S. EdTech market is expected to grow at a compound annual growth rate (CAGR) of 11.3% between 2024 and 2030. The driving force behind this growth is the abundance of startups and established EdTech companies in the country. (source)

29. Australia and New Zealand are expected to experience significant growth in the EdTech market, with a projected CAGR of 22.7% from 2024 to 2034. (source)

30. As of January 2023, ByJu, an Indian company, held the highest valuation among EdTech unicorns worldwide at US $22 billion. Among the top ten companies by valuation, five were from the United States, two were from India, and Austria and Canada each had one EdTech unicorn. (source)

31. In 2020, the Kindergarten to twelfth-grade education market was valued at US$1.16 billion, while the skill development market was valued at less than US $500 million. The market is anticipated to remain the largest segment, followed by test preparation and online certification. (source)

32. Skyeng led the revenue among EdTech platforms in Russia, generating 7.4 billion Russian rubles from July to September 2023. Skillbox Holding Limited followed with 3.5 billion Russian rubles in revenue, which includes brands like Skillbox, GeekBrains, and SkillFactory. (source)

33. Online university courses had the highest revenue among different levels of digital education in Russia, reaching 15 billion Russian rubles in 2021. In the same year, online secondary education services were valued at 10 billion Russian rubles. (source)

34. In 2022, there were 14 EdTech funding deals in Indonesia, up from 11 the previous year. This covered various sectors, including digital certification, vocational skills, linguistic courses, learning management systems (LMS), K-12 learning, student loans, and children’s productivity platforms. (source)

35. In 2023, 47% of the leading 50 Southeast Asian EdTech startups were based in Singapore, while Indonesia’s share decreased from 35% in 2020 to 20% in 2023. (source)

36. As of 2022, EdTech funding in Indonesia totaled approximately US $18 million, marking an increase from the previous year. This indicated a rise of about $6.65 million from 2021 to 2022. (source)

37. As of 2022, the penetration rate of online university education in Indonesia was approximately 0.3%. (source)

38. North America is expected to contribute 41% to the global EdTech market growth during the forecast period. (source)

Generative AI EdTech Statistics

39. In 2023, Adaptive Learning dominated the Generative AI in the EdTech market with a 39% share due to its ability to personalize learning experiences tailored to individual learners’ needs, pace, and preferences. (source)

40. The demand for Generative AI in Edtech in North America was estimated at USD 39.1 million in 2023 and is expected to considerably expand from 2024 to 2033. (source) 

41. Students accounted for more than 49% of the market share in the Generative AI in the EdTech market in 2023, highlighting the impact of these technologies on enhancing the student learning experience. (source)

42. The global generative AI in the EdTech market is expected to grow from $268M in 2023 to $8.3B by 2033, at a 41% CAGR from 2024 to 2033. (source)

43. In 2023, the use of Generative AI for language learning and translation in EdTech increased by 18%, making language learning more effective and engaging. (source)

44. Educational institutions utilizing Generative AI for content creation and course development saw a 25% reduction in time and costs in 2023.  (source)

45. The adoption of Generative AI for personalized learning and adaptive tutoring in EdTech increased by 32% in 2023, with 50% of organizations increasing their investments in these technologies. (source)

46. The market size for Generative AI is expected to grow from USD 13.5 billion in 2023 to approximately USD 255.8 billion by 2033, with an annual growth rate of 34.2%. (source)

47. In 2023, 45% of educational institutions were exploring the use of Generative AI for administrative tasks such as scheduling and resource management. (source)

48. The application of Generative AI to make learning interactive through gamification in EdTech saw a 20% increase in 2023, enhancing student engagement. (source)

49. Experts predict that using Generative AI for personalized career advice and skill-building in EdTech will grow by 28% by the end of 2024. (source)

50. Adoption of Generative AI for grading and assessment in EdTech solutions increased by 15% in 2023, streamlining educators’ workloads.  (source)

51. The integration of Generative AI in virtual and augmented reality (VR/AR) for learning purposes increased by 22% in 2023, offering immersive educational experiences. (source)

52. The use of Generative AI for language translation and accessibility features in EdTech solutions grew by 18% in 2023, promoting inclusivity in education. (source)

53. Analysts anticipate that by the end of 2024, over 60% of major EdTech companies will have incorporated Generative AI into their offerings, driving innovation and personalized learning. (source)

Conclusion

The Edtech statistics presented in this article paint a vivid picture of an industry on the move. 

With remarkable growth rates, increasing adoption, and innovative solutions emerging, the future of education has never looked brighter. 

As technology continues to reshape the learning landscape, it’s clear that Edtech will play a vital role in improving outcomes, and enhancing the overall education experience. 

Whether you’re an educator, investor, or simply a curious observer, the statistics highlighted here demonstrate the vast potential of Edtech to transform lives and shape the future of learning. 

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