India Edutech Market: Industry Analysis and Forecast (2021-2029)

India Edutech Market size was valued at US$ 1.45 Bn. in 2021 and revenue is expected to grow at 27.65% from 2022 to 2029, reaching nearly US$ 10.22 Bn.

India Edutech Market Overview:

Edutech (Educational Technology) is the use of components such as software, hardware, and services to facilitate and enhance learning. End users are increasingly utilizing these technologies for teaching and training purposes, including businesses and academic organizations. The Edutech industry in India has grown in the last few years, making it the world's epicenter. The governmental sector serves as a facilitator while the private sector assumes a pivotal role. The pandemic resulted in a boost in Edutech financing for India's education sector. There are certainly some benefits of Edutech over traditional education that need to be taken into account. India Edutech Market To know about the Research Methodology :- Request Free Sample Report The MMR research methodology started with gathering information on the key vendors' revenue through secondary and primary research in order to estimate and forecast the Indian market for Edutech. The study of various industry-affecting factors, such as government policy, the market environment, the competitive landscape, historical data, current market trends, technological development, upcoming technologies, and the rapid progress in related industries, as well as market risks, opportunities, barriers, and challenges, was a part of the research process. To divide the market into segments, by component (hardware, software, service), category (language and casual learning, k-12, test preparation, reskilling and online certification, higher education) vendors' offerings are taken into account. These segments were then confirmed through primary research by conducting in-depth interviews with important figures, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives.

India Edutech Market Dynamics:

The MMR report contains a detailed study of factors that will drive and restrain the growth of the Edutech market in India. Government Digital Initiatives Will Accelerate the Uptake Of E-Learning: The encouraging initiatives from the Indian Government making education available to everyone, everywhere have been one of the primary causes giving Edutech companies a boost. The government's encouragement and support for educational institutions, even those in rural towns, to switch to online teaching methods through programs like the SWAYAM (study webs of active learning for young aspiring minds) Diksha, e-pathshala, etc. has contributed to the continuity of academic sessions. Edutech Funding Focused on Start-Ups: In 2020, 100 deals helped Indian Edutech startups finance more than US$1.43 billion. Parents and educational institutions were forced to adopt tech-enabled learning strategies as a result of the COVID-19 pandemic disruptions and ensuing lockdowns, making Edutech the most heavily supported industry in the nation. Byju's takes the lead with 57% of the total cash raised, followed by Unacademy (10.5%) and Vedantu (9.5%). Hybrid Edutech Industry: Research indicates that Edutech market participants will likely embrace a hybrid channel strategy in the future. Players online are attempting to connect with students offline. For instance, Edutech decacorn Byju's has tested a novel hybrid model called Byju's Learning Center that enables students to attend classes at offline education facilities. Demand for Skilled Educators: In the past, a single professor could only effectively instruct a class of up to 100 students. With the aid of Edutech, educators can reach a sizable number of students. There is no longer a requirement for a physical location where instructors and students can gather for class sessions. You may access courses at anytime, anywhere, and through any medium thanks to on-demand video streaming. Going Global: More than 4,450 Edutech businesses in India are helping more than 300 million students in schools. Of these, 40 million are higher education students whose studies were interfered with by COVID-19. This elevated Edutech, makes use of IT resources for inclusive, interesting, and individualized learning. The education quality gap between the rich and the poor in India might eventually be closed by the country's Edutech sector, increasing the prospects of success for Indians from all socioeconomic backgrounds. India's Edutech boom is also a result of factors like the prevalence of passionate entrepreneurs who develop cutting-edge products and methods while having access to a large pool of qualified educators. These entrepreneurs adopt a multicultural approach to meet the needs of a country with a diverse population. Students from other countries are enrolling with Indian Edutech companies not just because they are affordable but also because they provide top-notch content. Trends in Investment in The Indian Edutech Industry: The majority of the around US$1.7 billion invested in 2021 went to BYJU's, the largest Edutech company in India. Eruditus received US$650 million in finance, and upGrad received US$185 million. Unacademy raised a total of US$440 million in the same year, increasing its estimated value to US$3.44 billion. BYJU's acquired a number of companies in 2021, including Blackstone-backed Aakash Educational Services for about US$1 billion. Other purchases made by BYJU's include Mumbai-based Toppr, an after-school learning platform, for US$150 million, Singapore's Great Learning, an online professional and higher education company, for US$600 million, and Epic, an online library for children 12 and younger. India Edutech Market The Effect of the Pandemic on the Edutech Market: Despite the fact that COVID-19 shocked the globe and presented the human race with numerous obstacles, Indian Edutech firms gained significantly from this pandemic. Due to the shutdown of schools and offline coaching facilities in 2020, the Edutech sector grew. The Edutech firms used this as an opportunity to promote customers to online learning. As a result, they expanded their workforce, obtained more capital, and offered clients more special offers, complimentary consultations, and other complimentary services. At the time, all students were enrolled in online courses, thus these companies focused all of their energy and resources on expanding the Edutech industry. The Edutech sector is currently seeing an unprecedented rise in popularity that has attracted new rivals.

India Edutech Market Segment Analysis

The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the India Edutech market size. K–12 category to Retain Lead through 2029: The high proportion can be linked to the K–12 industry's growing use of game-based learning. The majority of K–12 teachers favor gamification programs that aim to improve students' math learning abilities through the use of real-world, project-based learning in classrooms. Due to COVID-19 lockdowns disrupting educational institutions' operations, the K–12 segment has seen rapid growth in India's Edutech market, which is expanding at a significant rate. Indian Edutech companies have so far raised US$5.77 billion in funding in 2021, claims research, a data analytics firm. K-12 education experts contributed US$99 million of the total funds raised. More than 4,800 K-12 Edutech start-ups have been established worldwide since 2018, including 1,782 in India. For each class, they provide courses in the form of subscription packages for a certain collection of subjects. Software Component Segment Has Potential to Grow in The Future: By the end of 2029, the Edutech software segment is anticipated to hold the largest market of the Indian Edutech market, dominating it. The increasing need for learning management systems among businesses, governments, and educational institutions is attributed to driving the segment's growth. Competitive Landscape:  Leading Indian players operating in the Edutech industry are focusing on improving their existing encryption solutions and investing heftily in the research & development of new encryption algorithms. For example,  In Oct 2021, Teachmint, a startup that aids educators in developing their own online learning environments, secured US$ 78 million in Series B funding. The company is worth $500 million according to the latest round of fundraising.  In Aug 2021, Byju's purchased three significant businesses: o For $500 million, Epic, an online library for children under 12 years old. o Great Learning, a Singapore-based provider of online higher education and professional training, for US$ 600 million. o For $150 million, Toppr, an after-school learning platform, will be acquired.  In April 2021, A K-12 Edutech platform called Doubtnut has raised about $30 million from SIG India and Lupa Systems. Sequoia Capital India, Omidyar Network India, and Waterbridge Ventures, existing investors, also took part in the Series B round. The objective of the report is to present a comprehensive analysis of the India Edutech Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. The report also helps in understanding the India Edutech Market dynamics, and structure by analyzing the market segments and projecting the India Edutech Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and Indian presence in the India Edutech Market make the report investor’s guide.

India Edutech Market Scope: Inquire before buying

India Edutech Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.25 Bn.
Forecast Period 2022 to 2029 CAGR: 21.96 % Market Size in 2029: US $ 6.12 Bn.
Segments Covered: by Component • Hardware • Software • Service
by Category • Language and Casual Learning • K-12 • Test Preparation • Reskilling and Online Certification • Higher Education

India Edutech Market Key Players

BYJU’S • toppr • Henry Harvin Education • Upgrad • Pesto • Teachmint • Vedantu • Whitehat education • Classplus • Great learning • Edukart • Mindlogicx • Skillmatics • Quizizz • Unacademy • Doubtnut Frequently Asked Questions: 1] What segments are covered in the India Edutech Market report? Ans. The segments covered in the India Edutech Market report are based on Component and Category. 2] What is the market CAGR of the India Edutech Market during the Forecast Period? Ans. Market CAGR of the India Edutech market during the forecast period is 21.96 %. 3] What is the market size of the India Edutech Market by 2029? Ans. The market size of the Edutech Market by 2029 is US$ 6.12 Bn. 4] What is the forecast period for the India Edutech Market? Ans. The forecast period for the India Edutech Market is 2022-2029. 5] What was the market size of the India Edutech Market in 2021? Ans. The market size of the India Edutech Market in 2021 was US$ 1.25 Bn.
India Edutech Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.2. Secondary data 2.3.3. Secondary Sources 2.3.4. Primary Research 2.3.5. Data from Primary Sources 2.3.6. Breakdown of Primary Sources 3. Executive Summary: India Edutech Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 5.1. India Edutech Market Forecast, By category 5.1.1. Primary and Secondary Education 5.1.2. Test Preparation 5.1.3. Re-skilling and Online Certification 5.1.4. Higher Education 5.1.5. Language and Casual Learning 5.2. India Edutech Market Forecast, By Technology 5.2.1. Mobile E-learning 5.2.2. Learning Management System 5.2.3. Application Simulation Tool 5.2.4. Rapid E-learning 5.2.5. Podcasts 5.2.6. Virtual Classroom 5.3. India Edutech Market Forecast, by Vendor 5.3.1. Service Provider 5.3.2. Content Provider 5.4 . India Edutech Market Forecast, by type 5.4.1 Corporate 5.4.2. Academic 6. Company Profiles 6.1. Market Share Analysis, by Company 6.2. Competition Matrix 6.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 6.2.2. New Product Launches and Product Enhancements 6.2.3. Market Consolidation M&A by Regions, Investment and Applications M&A Key Players, Forward Integration and Backward Integration 6.3. Company Profiles: Key Players 6.3.1. Byju’s Company Overview Financial Overview Product Portfolio Business Strategy Recent Developments Company Footprint 6.3.2. Vedantu 6.3.3. Unacademy 6.3.4. UpGrad 6.3.5. NIIT 6.3.6. Everonn Education Limited 6.3.7. Educomp 6.3.8. Coursea 6.3.9. Meritnation 6.3.10. 6.3.11. 6.3.12. Education 6.3.13. Indiaedu 6.3.14. 6.3.15. Brainly 6.3.16. Classplus 6.3.17. CollegeDunia 6.3.18. Cuemath 6.3.19. Culture alley 6.3.20. Dost education 6.3.21. Doubtnut

About This Report

Report ID 53062
Category Information Technology & Telecommunication
Published Date Feb 2020
Updated Date Aug 2022