Study Abroad News & Alerts

Edtech Market growing at a CAGR of 15% to reach USD 230 Billion by 2028

posted on: March 30, 2022

In 2021, the worth of the global Edtech Market was estimated to be 85 Billion dollars and with the rate that it has been growing, it is expected to reach 230 Billion US dollars by 2028. The major reason why the Edtech market has grown enormously is the switch from offline to online education as it is more convenient and inexpensive. This was amplified during the pandemic period when all the educational institutes had to switch toward the online mode. Online platforms have gained popularity because of their user friendly in terms of their teaching methods. Different students can study the same course as per their respective speed and understanding capabilities. This makes learning easier and more comprehensive. Online courses are more fun and engaging as compared to offline teaching which is rather monotonous. Online teaching promotes longer concentration stretches for students and improves their attention and memorizing qualities.

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