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According to Forbes, David Bainbridge forecasts that the EdTech industry will reach a global value of $252 billion by the year 2020.
According to Tech Crunch, IBIS Capital projects that after-school tutoring in China will grow from $50 billion to $90 billion by 2020.
Furthermore the EdTech industry in China, on the whole, is forecast to grow at a rate of nearly 20% annually. To foster this growth, global investors put over $8 billion into the industry over the first 10 months of 2017. Investments into Chinese EdTech companies reached $1 billion for the first time in 2017.
While in Singapore, parents spend more than $70,000 per year on the education of their children. That is nearly twice the global average.
According to EdSurge, in the first six months of 2018, 62 companies raised $739 million in venture capital.
According to Technavio, the EdTech market in North America is expected to continue growing rapidly, with a 9% CAGR forecast through 2019.
According to Business Wire, the global EdTech market globally reached nearly $18 billion in revenues by 2017. Forecasts through 2022 have the CAGR reaching 18.3% for the industry.
Australian Trade and Investment Commission reported that the educational apps market in the United States was valued at $2.5 billion in 2016.
It further mentioned that the U.S. portion of the EdTech market was valued at $33 billion in 2016, and then forecast to reach $43 billion by 2019.