What a year 2024 has been for EdTech. From groundbreaking innovations to record-breaking investments, technology has continued to reshape how we learn, teach, and grow. And the numbers speak for themselves. Across classrooms, lecture halls, and boardrooms, EdTech has moved from being a convenience to a cornerstone of modern education.
We’ll explore the biggest EdTech stats of 2024 and what they mean for the future of education. From the soaring growth of the global EdTech market to breakthroughs in K-12 and higher education, e-learning, and corporate training, these numbers highlight the trends that shaped the industry. And we won’t stop there—we’ll also look ahead to what’s next for EdTech as it continues to evolve.
The Big Picture: The EdTech Market in 2024
The global EdTech market has been steadily upward, and 2024 is no exception. Valued at an impressive $142.37 billion in 2023, the market is expected to grow at a CAGR of 13.4% through 2030. That’s a testament to how education technology is no longer just an add-on but an essential part of modern learning across the globe.
Unsurprisingly, North America leads the pack, with the United States at the forefront. The U.S. boasts a significant number of EdTech companies and a high adoption rate of digital tools in both classrooms and corporate environments.
But when it comes to the fastest-growing region, all eyes are on Asia-Pacific, particularly India. With its booming youth population and rapidly increasing internet access, India’s EdTech market has become a hotbed of innovation.
Source: Grand View Research
Source: Grand View Research
The AR in education market reached an impressive $5.3 billion in 2023, while VR headsets brought in over $640 million in revenues.
Source: Freedom Aware
On the funding side, in 2024, startups have already raised over $1 billion, according to Crunchbase data. This investment surge reflects the confidence in EdTech’s potential to solve pressing challenges in education.
K12 EdTech: Shaping the Future of Education
Market Leadership:
- In 2023, the K12 EdTech segment held over 39% of the market share, making it the largest contributor to the EdTech industry. This growth is fueled by the rising popularity of game-based learning, which engages students while improving educational outcomes.
Source: market.us
Focus Areas in Engagement:
- 66.0% of EdTech efforts center on enhancing learning experiences for students.
- 22.5% focus on equipping educators with tools to improve teaching methods.
- 17.5% are aimed at organizational and administrative improvements to streamline education delivery.
Cloud-Based Tools and Management Systems:
- 75% of K12 organizations globally are projected to use an LMS by 2025 to manage both in-person and remote classroom activities.
- While 48% of schools use cloud-based software for admissions and enrollment, 74% still rely on non-cloud-based processes, signaling room for growth in adopting digital-first tools.
EdTech Solutions in U.S. K12 Schools:
- On average, 1,403 EdTech solutions are accessed monthly by U.S. K-12 school districts (Learn Platform).
- Classroom engagement and instruction tools, such as Kahoot! and Quizizz, account for 23% of all EdTech solutions used in schools.
- General solutions, including Google’s suite of programs like Docs, Slides, and Drive, make up another 18%, demonstrating their widespread utility in education.
Mobile Learning in Africa:
- Over 400 million smartphone users are driving the growth of mobile learning platforms in Africa, expanding access to education.
- Governments and initiatives are fostering digital education growth, supported by companies like Google and Microsoft, which are enhancing connectivity and access to quality resources.
Higher Education: A New Digital Era for Universities
Market Growth and Value
- The global higher EdTech market was valued at USD 36.24 billion in 2022.
- It is projected to grow at a CAGR of 18.6% from 2023 to 2030.
Source: Grand View Research
The Role of Private Universities
- 60% market share in 2022 was held by the private segment.
- Private universities are integrating education with industry demands, offering courses aligned with emerging job market needs.
- They are expected to dominate the market by 2030 due to their flexibility and innovation.
Regional Leadership: North America
- North America held 30% of the market share in 2022, leading globally.
- The region’s growth is driven by the widespread adoption of adaptive learning systems, which personalize education based on individual progress.
Technology Segments Leading the Way
- Student information management systems accounted for over 25% of the market share in 2022. This growth is fueled by the popularity of decentralized identity systems that simplify and secure student records.
- Campus management systems are expected to grow at a CAGR of over 25%. The rise of smart campuses, powered by IoT technology, is transforming how universities operate, from connected classrooms to smart dormitories.
The E-Learning Market in 2024
- Valued at $68.36 billion in 2023, the mobile learning market is projected to hit $88.12 billion by 2024—a 28.9% growth in just one year. By 2028, it’s expected to reach $254.52 billion, growing at a CAGR of 30.4%.
- Online learning has skyrocketed by 900% since 2000, and the number of users is expected to hit 1 billion by 2028. Major markets like India, China, the Philippines, and Thailand are leading the charge with over 30% annual growth.
- In 2023, 31% of undergraduate and 23% of graduate business students opted for online programs, making business the most popular field. Health, IT, and nursing are also in high demand.
| Field of Study | Undergraduates (%) | Graduates (%) |
| Business | 21% | 23% |
| Health, nursing, & medicine | 20% | 19% |
| Computers & IT | 16% | 19% |
| Arts & Humanities | 11% | 9% |
| Science, Technology, Engineering, or Mathematics | 10% | 6% |
| Social Sciences, Criminal Justice, Law | 10% | 6% |
| Education & Teaching | 7% | 1% |
| Counseling, Human Services | 5% | 6% |
- The corporate eLearning market is set to reach $44.6 billion by 2028, with 40% of Fortune 500 companies already using eLearning regularly. IBM saved $200 million by shifting to online employee training.
Trends in Management Software
Learning Management Systems (LMS)
- The LMS market is projected to reach $28.1 billion by the end of 2025.
- 93% of Learning and Development (L&D) professionals plan to develop live online learning programs, and 33% want to develop Massive Open Online Courses (MOOCs).
Student Information Systems (SIS)
- The SIS market is estimated to be $11.98 billion in 2024 and is expected to reach $23.26 billion by 2029.
- The SIS market is projected to grow at a 14.19% CAGR from 2024 to 2029.
School Management Software (SMS)
- Approximately 80% of higher education institutions have implemented some form of school management software.
- Cloud-based SMS solutions dominate the market, offering greater accessibility and scalability compared to on-premises systems.
The Future of EdTech in 2025
As we look to 2025, EdTech shows no signs of slowing down. With markets projected to grow exponentially and groundbreaking innovations like AI, blockchain, and IoT leading the charge, education is becoming more accessible, personalized, and impactful. From K-12 classrooms to corporate boardrooms, technology is reshaping learning environments, breaking geographical barriers, and meeting diverse needs. The future of EdTech promises a more connected and inclusive global learning ecosystem where innovation drives meaningful educational outcomes for all.
FAQ’s
The global EdTech market was valued at $142.37 billion in 2023 and is expected to grow at a CAGR of 13.4% through 2030. This reflects the increasing importance of technology in modern education across all levels, from K-12 to higher education.
North America, led by the United States, dominates the EdTech industry with a high adoption rate of digital tools. However, Asia-Pacific, particularly India, is experiencing the fastest growth due to its young population and increased internet access.
Classter’s all-in-one solution combines cloud-based flexibility, advanced customization, and features like student information systems, LMS, and smart campus management. This comprehensive approach sets it apart in the EdTech industry.
