How big is the educational software industry

In addition, the U. EdTech funding environment has gravitated towards larger dollar amounts. Throughout most of the quarters in the past 2 years, the number of U. Also, surprisingly, the mega U. EdTech companies, with about a fold in percentage increase. The reason for such surprising growth is the need to close the gap between college and employment. With high levels of student loan debt, this demand has become more urgent. Guild Education supports the business with affordable employee development and educational programs by offering connections with universities.

Overall, post-secondary and higher education are becoming more popular among both the employment market and the EdTech industry. K is facing a challenge, however, that with strong and successful market penetration, the product licenses purchased by school districts might not be actually used by students. To take a deeper look, there are a few major investment participants in the EdTech industry that has raised a noticeable amount in their history.

Not to mention the famous Age of Learning, General Assembly and Duolingo, that present textbook examples of success in the EdTech space. On the other hand, fast-growing industries usually phase into clusters as they mature, and EdTech is not an exception. New York and Washington both have an abundant amount of K schools and higher educational institutions.

Even not as established, EdTech has also been clustering in states of Chicago, Texas, and Utah due to their educational resources or technological incentives. Edtech is the representation of both innovation and growth, but it is also a realm of expertise. With our knowledge and experience, we will be able to help clients and you collaborate in your EdTech expertise, pinpoint any potential problems and seek for data-driven, research-validated solutions.

We fully acknowledge your interest in the EdTech realm. For further information, please contact our licensed bankers. Introduction Education technology EdTech is a term used to describe the industry that combines education and technological advances, revolutionizing the conventional landscape of education. Industry Overview Education is communication and EdTech enables communication to reach deeper and wider audiences.

Author Recent Posts. Corbin Bridge. Latest posts by Corbin Bridge see all. It offers a myriad of services and solutions never compromising on deadlines and customer needs. SAP is a global company delivering elearning mobile applications and solutions for employees and students. Their specialization includes onboarding, recruitment, planning, analytics, workforce, and more, offering a complete range of enterprise solutions. Once you connect with them for development services, rest assured that you will get the product that is nothing but the best that too within your budget.

This Chicago-based education software development company is quite a well-known ma e despite their small workforce. It is working flawlessly for the past 15 years and seems to grow every year, witnessing constant growth and development. The secret behind their successful IT projects and unmatched services is to have fun throughout the process while putting in their best effort in every task.

It aims to make learning easier, interesting, and immersive. Respective of their dedication and innovation, they also provide full stack development services for high-quality outcome, full security, and competitive edge in the growing market. Cleveroad is an experienced and credible development company, coming up with innovative ideas for each project.

They have collaborated with the top educational institutes, developing apps that are engaging for both parents and students. For native and hybrid mobile apps and flutter-based platforms, they are your go-to solution. They also flaunt their new means of educational services that are innovative and value-driven. The IT company uses scalable techniques and modern methodologies for best-in-class projects.

It has a team of developers and designers working constantly hard to offer reliable solutions to their clients. From mobile app development services to website designing, Valuecoders is there for you at every step. For professionals working here, the primary attention is on creating the best and unique software using advanced technologies and current trends. Working since , TechAhead is a dedicated software development company managing different industries and services effectively.

They have bagged some of the biggest projects and each time, they perfectly delivered IT solutions, taking care of appealing designs and user-friendly interface.

The developers working in the company have hands-on experience in various technologies and can build seamless apps no matter how complicated your requirements are. A scaling web and app development company that delivers legacy apps in a modern way to transform business for the future. Trigent understands the modern challenges faced by any corporate yet conventional development program providers. Trigent is a professional service providers that bridges the gap and assists in overcoming these challenges.

With the help of the right technology stack, Trigent helps ISVs, schools, and other educational institutions develop and deliver high-quality solutions. Their custom eLearning software development solutions improve collaboration, communication, enhance user engagement, reduce time to market, and offer operational agility and efficiency.

A custom technology solution provider for education organizations, Fingent offers a comprehensive range that extends from learning management software solutions to online assessment systems to virtual teaching assistants. The company also integrates Blockchain and AR-VR solutions for immersive learning facilities while keeping the learning management secured and verified by only the authentic.

A leading IT Consultation services provider, TatvaSoft has emerged to deliver educational content conveniently. They offer a custom, interactive and feature-rich education software integrated with educational and training modules, online courses, and virtual assistance.

The eLearning solutions also assist higher education institutions to offer offline learning for remote students using an enterprise mobility solution that helps both teachers and students participate and collaborate anywhere within a dedicated time. For personalized learning and optimized content delivery, Daxx is a renowned eLearning software development company. The reliable team offers custom eLearning solutions with a holistic approach to enhance and evaluate the performance and skills of the students.

Their collaborative learning approach encourages sharing and social learning via connected environments. Their dedicated eLearning platforms are built to deliver a high-user experience and provide learning content that complies with digital devices seamlessly. Hence, educational institutions of all grades, as well as the students, can use and engage to increase their productivity. With performance assessment, instructors can monitor and keep a record of the student's performance and learning abilities remotely.

A high-tech software product engineering services providing firm, Invertia is a complete package for all your development needs. Invertia implements multi-level analytic tools to develop effective and result-oriented learning portals. They strive to shape the future of the education industry hence offer a fully customizable, flexible, and interesting digital solution. These solutions are combined with the requisite technology stack to enable future needs and comply with any operating systems or platforms.

Their profound technical expertise always delivers high-quality developmental support that will always perform consistently even under load. Their aim and objective is to revolutionize the ed-tech industry. Considering this, a remarkable shift has been observed in terms of training and learning using e-learning tools.

The capability to offer faster, upgraded, and application-oriented skills to the workforce are expected to drive the multichannel learning management system market. As the platform offers flexibility to access learning or training anytime and anywhere, it has become a convenient learning tool across the corporate sector. Advanced multichannel LMS platforms unlock an inclusive, flexible, and user-friendly eco-system, gaining traction across the industry.

Multichannel learning augments flexibility by offering channel independence and personalized training sessions. It helps in adopting the fast-paced, changing work culture, which is expected to fuel its demand in the upcoming years.

Institutions are prominently adopting online interactive learning methods to gain a competitive edge. The platform also helps to administer, report, track, and automate the process of online learning courses.

Thus, many educational organizations are shifting towards interactive online learning methods. The acceptance of online teaching and learning methods is increasing in the education industry. Thus, the rising popularity in higher educational institutes is set to drive the learning management system market growth. A learning management system is a supporting tool for teachers and educators during the learning session.

It supplements the classroom that helps in delivering and recording content. Many organizations are using tools for instruction delivery in the traditional classroom. However, as per various surveys, the impact and the end result of traditional teaching are observed to be more impactful. As per industry experts, it cannot be applied for hands-on training and learning practical sessions.

It can only be used to enhance the learning experience and not to replace the traditional system. This is expected to challenge the market growth.

Based on components, the global LMS market is bifurcated into solutions and services. The LMS solution segment is expected to dominate in terms of revenue share owing to the increasing demand for e-learning solutions catering to different needs in corporate and academic institutes. The services segment is expected to demonstrate high growth during the forecast period.

This segment is further classified as implementation, consulting, and support services. The advanced system offers integration-as-a-service that reduces the implementation time and complexity.

Similarly, for establishing better collaboration and communication amongst the trainer and learners, the consulting services sub-segment is expected to grow and lead the market. Based on deployment, the market is segmented into on-premise and cloud.

Earlier, the on-premises segment dominated the market in terms of share owing to its in-house safety and security capabilities. However, small organizations and educational institutes are inclining towards cloud-based deployment owing to its flexible pricing options.

The ease of operation while connecting various applications and services is escalating the demand for the SaaS model. Cloud deployment models establishes a robust, flexible, scalable, and secure infrastructure, which is anticipated to upsurge the growth of this market.

To know how our report can help streamline your business, Speak to Analyst. In terms of end-users, the market is categorized into academic and corporate. Among these, the academic segment is expected to account for more than half of the market share during the forecast period owing to the growing need for effective learning tools for training students.

The segment is further segregated into K and higher education, wherein the higher education sub-segment is dominating over the K sub-segment. EdTech market. Its increasing adoption in corporate is anticipated to gain rapid growth as it offers flexibility to enterprises to conduct meetings, training, and entrepreneurship programs efficiently despite the distance.

The retail industry is adopting e-learning to offer sales training and provide product insights to their employees. For instance, to enhance staff, brand, and product knowledge, Gekko launched a digital learning solution for the retail industry.