Growth Opportunities in the Education Technology Market, Forecast to 2022
Educational technology serves as an excellent means to deliver multimedia and interactive course content to today’s generation of digitally connected students anytime, anywhere, and across devices. The global educational technology market crossed $17.7 billion in revenue in 2017 and is expected to grow to $40.9 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.3%. This market is characterized by seismic shifts in technological demands and innovation, a solid movement toward virtual reality and augmented learning, and a user-centric product development strategy.
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