Key Highlights
- The global edtech market is projected to reach $404 billion by 2025
- Approximately 750 million children and youth worldwide are out of school
- The US has over 98,000 degree-granting postsecondary institutions
- In 2022, over 85% of college students in the US owned a smartphone
- The average spend on education per student in OECD countries is approximately $10,000 annually
- Online education enrollment increased by 900% during the COVID-19 pandemic
- 65% of teachers report using digital tools regularly in their classrooms
- The global higher education market is valued at over $35 trillion
- Around 37% of students worldwide have access to a computer at home
- 70% of teachers in the US feel unprepared to teach online
- The number of students enrolled in online courses globally has surpassed 200 million
- 52% of college students in the US report feeling anxious about their academic workload
- The global e-learning market is expected to grow at a CAGR of 11.1% from 2023 to 2030
The education industry is undergoing a seismic shift, driven by a booming global edtech market projected to hit $404 billion by 2025 and fueled by rapid digital adoption among students and teachers worldwide, yet millions of children remain out of school, highlighting the urgent need to harness these technological advances for equitable learning opportunities.
Digital Tools and Technology Adoption
- In 2022, over 85% of college students in the US owned a smartphone
- 65% of teachers report using digital tools regularly in their classrooms
- In 2021, over 60% of US K-12 teachers used social media as a classroom resource
Digital Tools and Technology Adoption Interpretation
Educational Infrastructure and Access
- The US has over 98,000 degree-granting postsecondary institutions
- Around 37% of students worldwide have access to a computer at home
- The literacy rate in developing countries has increased from 56% in 1990 to 81% in 2020
Educational Infrastructure and Access Interpretation
Market Size and Growth
- The global edtech market is projected to reach $404 billion by 2025
- The average spend on education per student in OECD countries is approximately $10,000 annually
- The global higher education market is valued at over $35 trillion
- The global e-learning market is expected to grow at a CAGR of 11.1% from 2023 to 2030
Market Size and Growth Interpretation
Student Enrollment and Participation
- Approximately 750 million children and youth worldwide are out of school
- Online education enrollment increased by 900% during the COVID-19 pandemic
- The number of students enrolled in online courses globally has surpassed 200 million
- 52% of college students in the US report feeling anxious about their academic workload
Student Enrollment and Participation Interpretation
Teacher Preparedness and Usage
- 70% of teachers in the US feel unprepared to teach online
Teacher Preparedness and Usage Interpretation
Sources & References
- Reference 1MARKETSANDMARKETSResearch Publication(2024)Visit source
- Reference 2UNESDOCResearch Publication(2024)Visit source
- Reference 3NCESResearch Publication(2024)Visit source
- Reference 4PEWINTERNETResearch Publication(2024)Visit source
- Reference 5DATAResearch Publication(2024)Visit source
- Reference 6STATISTAResearch Publication(2024)Visit source
- Reference 7EMERGINGEDTECHResearch Publication(2024)Visit source
- Reference 8WORLDBANKResearch Publication(2024)Visit source
- Reference 9NPRResearch Publication(2024)Visit source
- Reference 10ONLINELEARNINGCONSORTIUMResearch Publication(2024)Visit source
- Reference 11APAResearch Publication(2024)Visit source
- Reference 12GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 13EDUTOPIAResearch Publication(2024)Visit source