The North America Education Technology Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Classrooms and education are being flipped on their heads due to edtech tools. Students must typically attend to lectures or study in class before working on assignments and homework at home. Students can now view classes at homes at their own leisure, utilizing class time to collaborate on projects as a group, due to video lectures & learning apps. In addition, students benefit from this learning approach because it encourages creativity, self-learning, and teamwork.
Educators may create tailored learning programmes for each of their pupils due to edtech. This method seeks to tailor learning to a student's strengths, abilities, and interests. Students may learn at their own speed with video content resources, and since they can resume and replay lectures, such videos can allows learners completely comprehend teachings. Teachers can use analytics to detect which students struggled with specific lessons and provide further support. Rather of depending on stressful testing to assess academic achievement, educators are shifting to applications which reliably assess overall aptitude.
The government of the United States does not keep track of EdTech commerce. However, in 2020, the Bureau of Economic Analysis (BEA) of the United States Department of Commerce began measuring services trade in online education and electronic online course under the heading "Other Personal, Cultural, and Recreational - Education Services." The EdTech Industry includes online education & electronic correspondence courses. According to the Bureau of Economic Analysis, the United States exported $2.3 billion in education services in 2019.
Cross-border tuition agreements, exchange programmes, and in-state tuition for Canadian students are examples of exchange programmes and collaborations that U.S. academic institutions may pursue with Canadian educational institutions. Athletic scholarships are particularly popular among Canadian students who wish to study in the United States. Student recruiting for highly specialized programmes or "niche" disciplines that would not be accessible in Canadian schools presents significant prospects.
The US market dominated the North America Education Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $69,205 Million by 2028. The Canada market is estimated to grow at a CAGR of 17.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Education Technology Market is Estimated to reach $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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