26 Interesting EdTech Industry Statistics

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What does the future of education look like? According to recent studies, it may be a lot more tech-focused than we thought and fortunately, the EdTech industry has us covered. EdTech includes learning management systems (LMS), interactive whiteboards, virtual reality headsets, 3D printing, and just about any other tool that enhances learning.

From online course platforms to classroom gadgets, here are 26 mind-blowing statistics about the EdTech industry that will help you paint a picture of where things are headed. Get ready for a glimpse into the future of education!

EdTech Statistics

1. EdTech on Google trends shows an increase in searches for the term ‘edtech’ between spring of 2021 and spring of 2022. (Google Trends)

Google Trends EdTech

2. The EdTech industry is expected to grow to 605.8 billion U.S. dollars by 2027. This is up from 254.80 billion U.S. dollars in 2021. (Global Newswire)

3. The virtual reality headset market is expected to grow to 26.8 billion U.S. dollars globally in 2027. This is up from 7.7 billion U.S. dollars in 2020. (Valuates.com)

4. The interactive whiteboard market size is estimated to be worth $2.8 billion by 2030. This is up from a market size of $1.6 billion in 2020. (Grandview Research)

5. The 3D printing market is expected to grow from $12.6 billion globally in 2021 to $35.4 billion globally by 2027. (Market Research Future)

6. The learning management system (LMS) market is expected to reach 42 billon U.S. dollars by 2027. (Global News Wire)

EdTech Industry Estimated Revenues for 2027

7. There is a big money in EdTech. Coursera is valued at over 1 billion U.S. dollars. As an online education provider, they partnered with the Abu Dhabi School of Government to train 60,000 government employees. (Forbes)

8. 47% of college administrators would like more money allocated to instructional design. They are especially interested in instructional design-related resources and processes. (Best Colleges)

9. North America is currently one of the top EdTech leaders. The North American market share was 35% in 2020. Most of the valuation comes from top universities and the highly sophisticated internet infrastructure available in this region. (GM Insights)

10. There are a number of EdTech companies earning billions. These include Kahoot! with a valuation of 39.3 billion (Yahoo Finance), Yuanfudao with a valuation of $15.5 billion (Edtechreview), BYJU’S worth an estimated $12 billion (Wikipedia), Chegg, Inc worth an estimated $11.5 billion (Yahoo Finance), and Udemy estimated at $3.3 billion (Techcrunch).

EdTech Company Earnings Breakdown

11. Zoom can be considered an EdTech company, especially since so many online schools use Zoom to run and manage the classroom aspect of their programs. It is one of the leading video communications solutions and has grown tremendously since it started in 2011. Zoom customers include 95% of top universities in the U.S. and 58% of Fortune 500 companies. They have experienced triple-digit year-over-year revenue and user growth with $145.5 million in funding. (Freshworks)

12. The pandemic greatly accelerated the growth of Zoom. At the end of December 2019, the maximum number of daily meeting participants taking place on Zoom was approximately 10 million. In March 2020, Zoom had more than 200 million daily meeting participants. (Zoom)

13. Personalized learning is gaining steam in education. About 50% of K-12 educators view personalized learning as a ‘promising idea’. 21% view it as potentially transformational in K-12 schools. 11% view it as a passing fad while 10% say it is not something they think about at all. 8% see it as a threat to public education. (Edweek)

How Educators See Personalized Learning

14. The use of personalized learning including adaptive software is not yet common in schools. 60% of K-12 educators say they never or rarely use adaptive software. (Edweek)

15. The educational technology company, Byju crossed 15.5 billion U.S. dollars, shortly after the COVID-19 pandemic began in 2020. (Business Standard)

16. Less than 10% of schools use artificial intelligence, virtual reality, or augmented reality despite their popularity in education technology conferences. (Eric.ed.gov)

17. 83% of grade 6-12 students reported using Google tools at least once a week if not more to complete their schoolwork. (Eric.ed.gov)

Use of EdTech Tools in Grade 6-12

18. 58% of parents with children in K-12 reported that using technology in their school coursework is a good way for their children to gain skills. 82% of parents say the use of technology in school is important for their child’s future. (Eric.ed.gov)

MOOC – Massive Open Online Courses (MOOCs) offered by Coursera, EdX, and other platforms.

19. The Massive Open Online Course (MOOC) project offers free online courses for anyone in the world. The MOOC industry was worth 5.2 billion U.S. in 2019. By 2025 it is projected to be worth 21.1 billion U.S. (SDKI.JP)

Global MOOC Market Valuation

20. 22 out of the top 25 US universities offer free online courses for those interested in taking them. (Mordor Intelligence)

21. edX was acquired in 2021 by 2U. They paid $800 million dollars for edX, which was started by MIT and Harvard. edX. (Edsurge)

22. While completion rates for MOOC courses can get as high as 40%, the average completion rate is often only around 15%. This is likely due to the fact that they are free. (Katy Jordan)

Completion Rates for MOOCs

23. Coursera was worth nearly $750 million dollars in 2021 when it went public. (Edsurge)

24. Coursera is one of the top 5 MOOC leaders helping 45 million learners with over 3,800 courses. Learners can even get one of 16 degrees from Coursera including Bachelor’s and Master’s degrees. (Class Central)

25. Additional top 5 MOOC providers include edX, helping 24 million learners through 2,640 courses, Udacity, helping 11.5 million learners through their 200 courses, FutureLearn, helping 10 million learners through 880 courses, and Swayam, also helping 10 million learners through over 1,000 courses. (Class Central)

Top 5 MOOC Providers & Number of Learners

26. 80% of those enrolled in a MOOC have a Bachelor’s degree or higher. 60% come from developed countries and almost 60% have a full-time job. (HBR.org)

Conclusion

In our research, we found some really interesting statistics on the current state and future of the edtech industry. We’ve included 25 of them in this article to give you a snapshot. If you want to explore additional statistics, we have several other articles. A good place to find more is our elearning industry stats article.

With technology becoming more ubiquitous in classrooms every day, it will be interesting to see how the education industry continues to evolve and what new technologies emerge as key players in the field.

Top EdTech Stats:

  • The EdTech market 2027 valuation is expected to be $605.8 billion.
  • Coursera is one of the top an EdTech companies and is valued as worth over $1 billion.
  • In 2020, North America was one of the top leaders in EdTech at 35% market share. Most of this was due to universities and the sophisiticated internet infrastructure.
  • Byju is another top EdTech company. It was worth $15.5 billion in 2020.
  • Zoom, the video conferencing software, went from 10 million daily conferences to 200 million daily conferences by March 2020.

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