Edtech Saas Market To Grow At A Cagr Of 16.5 % From 2022 To 2027

Edtech Saas Market Analysis (2023 - 2030)

The size of the worldwide EdTech SaaS market was estimated at USD 110.46 billion in 2021 and is anticipated to increase at a CAGR of 16.5 % from 2022 to 2027.

To increase learning in classrooms and improve students' educational outcomes, education technology (EdTech) refers to both hardware and software that is used to educate students virtually. By leveraging technology for learning and teaching, EdTech SaaS platforms help students overcome obstacles on their path to a comprehensive education. Learning materials that can be accessed online from anywhere in the world, such as eBooks, are becoming more and more popular. Compared to printed content, which has greater manufacturing costs, digital content is easier to create. A larger user base can simply translate and retrieve digital books that are readily available in a variety of languages.

During the projected period, the EdTech SaaS market will continue to expand at a rapid rate due to the widespread usage of e-learning platforms in educational institutions. When compared to traditional learning methods, it has been found that education through e-learning platforms helps students save between 40% and 60% of their time. In a similar vein, the global EdTech SaaS market is expanding due to the growing trend of gamification. Learning using games and puzzles to comprehend both simple and complex concepts is a trend that EdTech SaaSstartups are constantly introducing. Gamified courses are more effective and inspiring than conventional ones, dramatically increasing learner output and performance. In addition, for active learning, they are adding sophisticated interactive whiteboards, AR/VR equipment, projectors, and webcasting devices.

The COVID-19 epidemic has boosted demand for EdTechSaaSproducts and highlighted the possibilities of educational improvements made possible by EdTech firms. Many investors and EdTech companies have been forced to adapt to the new digital learning paradigm as a result of the COVID-19 breakout. To ensure that learning never stops, players have increased their product offers using digital technology. Numerous EdTechSaaScompanies provided their goods for a temporary discount or for free during the outbreak.

Due to its thriving education sector, new EdTechSaaS market trends, the growth of the smart education and learning market, the presence of top EdTech manufacturers, and the increasing use of interactive educational technology, the U.S. is predicted to hold an 85 % share of the North American EdTechSaaSmarket through 2027. The availability of personalized online educational platforms, growing educational tourism, and increased use of cutting-edge teaching methods and technologies in classroom settings will all contribute to the growth of the nation's education technology market.

The EdTechSaaS industry in India is predicted to expand at an astounding 22.8 % CAGR between 2021 and 2027 due to the quick increase in EdTechSaaSfirms, exponential expansion in internet penetration, favourable government support, and expanding trend of online learning. Because the majority of educational institutions and businesses switched to online modes during the COVID-19 epidemic, demand for education technologies increased significantly throughout India. Due to poor educational facilities, a quickly expanding population, and financial limitations, the educational sector in India is currently experiencing some difficulties. However, the development of online teaching and learning platforms, as well as cutting-edge educational technologies, is greatly assisting in overcoming these difficulties.

Key Market Insights:

• In 2021, the K–12 market dominated, contributing to more than 40% of global sales. The high percentage can be linked to the K–12 industry's expanding use of game-based learning. The majority of K–12 teachers favor gamification programs that aim to improve student's math learning abilities through the use of real-world, project-based learning in classrooms. A compelling learning experience is produced by integrating technologies in this field and enabling immersive information and experiences, such as virtual field trips and challenging lab-based activities. For instance, Matific., an EdTechSaaSplatform that provides math instruction for students in grades K–6, debuted a gamified learning environment for its users in September 2021.
• By component, the EdTechSaaSsoftware category is anticipated to hold the largest market share by the end of 2027, accounting for around 40.1 % of the overall EdTech market. The increasing need for learning management systems among businesses, governments, and educational institutions is credited with driving the segment's growth. As they allow end-users to create and manage lessons, courses, and other training materials, learning management systems have seen substantial growth in demand in recent years. Therefore, during the projected period, the market for learning management systems is anticipated to rise quickly.
• China now accounts for over 45 % of the East Asian EdTechSaaS market and is anticipated to expand at an impressive CAGR of 13 % between 2022 and 2027. Government funding for higher education and K–12 education is expanding, and the adoption of learning management systems is increasing. People are also becoming more aware of recent EdTechSaaSmarket developments, and the market for virtual classrooms is booming. With 1.4 billion people, China has the largest population in the world, making it challenging to educate each and every student in a given educational setting. As a result, online learning is being sought after by both the public and the government. During the anticipated time, this element is predicted to give the EdTech sector a significant boost.

Market Segmentation:

By Sector

• Preschool
• K-12
• Higher Education
• Others

By End-User

• Individual Students
• Corporate Firms
• Schools & Universities

By Type

• Hardware
• Software
• Content

By Geography & Region

• North America
• Europe
• Asia Pacific
• Rest of the World