Forecasts suggest that the education software market will amass worldwide revenues of around 10.85 billion U.S. dollars in 2021. Should this forecast hold, it would represent a year-on-year growth of nearly 200 million dollars. Estimates suggest that this trend of strong growth will continue for years to come, reaching 11.6 billion dollars by 2025.
Education software market
As the name would suggest, education software and applications are tools created for the purpose of teaching and education, both within classrooms and at a consumer level. This market encompasses everything from language learning applications such as Duolingo, to classroom management software such as Blackboard and Moodle. In addition to these education-oriented companies, many of the world’s largest tech firms have entered the market, with Oracle, Microsoft, and SAP all holding significant market shares within the industry. Technology has become an integral aspect of business and research worldwide and in order to prepare students for professional life, universities have adopted increasingly technology-focused learning techniques which drive paper-based assignments and submissions obsolete. With an increasing number of students receiving degrees each year, the potential user base for educational software platforms is consistently increasing.
Size of the education software/application market worldwide from 2019 to 2025
(in million U.S. dollars)
For this statistic, the figures from 2021 to 2024 were calculated using a constant annual growth rate of 1.7 percent CAGR, based on data provided by the source.
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Apps Run The World, & Statista. (December 22, 2021). Size of the education software/application market worldwide from 2019 to 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/643909/worldwide-education-software-market-size/
Apps Run The World, und Statista. "Size of the education software/application market worldwide from 2019 to 2025 (in million U.S. dollars)." Chart. December 22, 2021. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/643909/worldwide-education-software-market-size/
Apps Run The World, Statista. (2021). Size of the education software/application market worldwide from 2019 to 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/643909/worldwide-education-software-market-size/
Apps Run The World, and Statista. "Size of The Education Software/Application Market Worldwide from 2019 to 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 22 Dec 2021, https://www.statista.com/statistics/643909/worldwide-education-software-market-size/
Apps Run The World & Statista, Size of the education software/application market worldwide from 2019 to 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/643909/worldwide-education-software-market-size/ (last visited November 03, 2024)
Size of the education software/application market worldwide from 2019 to 2025 (in million U.S. dollars) [Graph], Apps Run The World, & Statista, December 22, 2021. [Online]. Available: https://www.statista.com/statistics/643909/worldwide-education-software-market-size/