The Asia Pacific Education Technology Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Teachers want to see their students perform better, and technology could assist them do so. To address the issues, administrators should assist instructors in gaining the skills they need to use technology to improve student learning. Moreover, using technology in the classroom must make instructors' tasks simpler without adding to their workload. Students benefit from technology because it gives them with fast access to knowledge, rapid learning, and engaging ways to practice what they've learned. It allows students, especially in STEM, to study new disciplines and get a better comprehension of complex concepts. Students can learn 21st-century technical skills needed for future careers by using technology both inside and outside the classroom.
Resources have become more available as a result of the advent of technology in education, resulting in lower tuition costs, a decrease in the demand for books and their price, and a decrease in the demand for school supplies. The arrival of e-books has simplified things for low-income families and allowed students to approach learning on an equal footing with their peers, without pressure from parents for great performance resulting from big investments in their children's education. Additionally, employing e-books in education has the positive aspect of indirectly lowering the level of deforestation that is one of the biggest environmental issues.
In India, the education technology sector is rapidly expanding, resulting in a new paradigm in the teaching & learning process. The evolving trend has shifted the characteristics of education from classrooms to connected devices, necessitating the use of virtual classrooms, video conferencing, online learning, and online proctoring via artificial intelligence-assisted technology. The ability of teachers and educators to adapt to changes, parental involvement and increased awareness, and active participation by students are all factors contributing to the EduTech industry's success.
The China market dominated the Asia Pacific Education Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24,035.7 Million by 2028. The Japan market is anticipated to grow at a CAGR of 15.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 17% during (2022 - 2028).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Type, the market is segmented into Hardware, Software, and Content. Based on End User, the market is segmented into Business and Consumer. Based on Sector, the market is segmented into K-12, Preschool, Higher Education, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Education Technology Market is Projected to reach USD 283 Billion by 2028, at a CAGR of 15.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Microsoft Corporation, Instructure, Inc., Coursera, Inc., Chegg, Inc., edX, Inc., BYJU'S, Upgrad Education Private Limited, Udacity, Inc., and Edutech.
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