EdTech Industry Outlook 2024
(In $USD Billions) MarketValuation Outlook
491
435
385
341
302
268
237
210
186
165
146
2023A
2024E
2025E
2026E
2027E
2028E
2029E
2030E
2031E
2032E
2033E
The global EdTech market reached a value of $146 billion in 2023 and is projected to grow at a CAGR of 12.9% to $491 billion by 2033 . Deployment of accumulated Private Equity dry powder could increase in 2024 as inflation slows and interest rates begin to normalize. The software segment is projected to experience the fastest growth rate throughout the forecast period because of the continuous technological advancements in online education and corporate upskilling alike.
9 Source: Grand View Research, market.us, Thinkific, Forbes, Arizton
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