According to education research firm HolonIQ, the edtech sector is growing at 16.3% and will grow 2.5x from 2019 to 2025, reaching $404B in total global expenditure. Even at this level, edtech and digital expenditure will only make up 5.2% of the $7.3T global education market in 2025.
More from HolonIQ: “Driven by higher education tuition deflation, combined with faster/cheaper credible alternatives and digitization driving a lower administrative cost base across all sectors, HolonIQ has revised our Global Education and Training market size, downgrading total spending by ~$500B in 2025 compared with HolonIQ’s Pre-COVID outlook,” the firm reports. “We now expect the global education and training market to reach $7.3T in total expenditure by 2025 (all products and services and including digital).”
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