International vendors are focusing on expanding their market presence by acquiring regional or local vendors. The competitive environment in this market will be moderate with the increasing number of product or service extensions, technological innovations, and mergers and acquisitions (M&A). The Edtech market is fragmented and is characterized by the presence of diversified international and regional vendors. The report also covers information on the upcoming trends and challenges that will influence the market growth. All these factors are contributing to the growth of the market in focus. Some readers allow annotations that enable students to take notes within the book, bookmark locations within the text, and have interactive dictionaries for just-in-time learning. As the material is in electronic format, students can copy and paste the information to use in reports, take notes, or analyze.
The demand for ebooks further increased significantly in the education sector since the outbreak of COVID-19. The adoption of e-books is increasing among learners due to the flexibility and simplicity e-books offer. The Edtech market is expected to witness substantial growth during the forecast period, primarily due to the learners shifting toward ebooks. Identify potential segments and regions to invest in over the forecast period. The growth of the regional market can be attributed to the presence of well-established infrastructure and the ready adoption of advanced technologies among educational institutions and students. North America is currently the dominating region, occupying 46% of the global market share. The global Edtech market is analyzed across five regions - North America, Europe, APAC, South America, and the Middle East and Africa. The market growth in the segment will be significant over the forecast period.
The increasing adoption of advanced Edtech solutions by educational institutions to simplify learning is driving the growth of the segment. The K-12 segment will have the largest share of the market. The Edtech market is segmented by sector (K-12, higher education, and others).
North America to have a significant share in the Edtech market.The global Edtech market structure is fragmented in nature.The report recognizes the following as the key players in the Edtech market 2U Inc., Blackboard Inc., Chegg Inc., Cornerstone OnDemand Inc., and Coursera Inc.
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