Worldwide education software market size 2018-2023

Forecasts suggest that the education software market will amass worldwide revenues of around 7.9 billion U.S. dollars in 2020. Should this forecast hold, it would represent a year-on-year growth of over 100 million dollars. Estimates suggest that this trend of strong growth will continue for years to come, reaching 8.3 billion dollars by 2023.

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 2018 to 2023

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Sources

Release date

December 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

* Forecast.

For this statistic, the figures from 2019 to 2022 were calculated using a constant annual growth rate of 1.8 percent CAGR, based on data provided by the source.

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