Increasing awareness of the integration of technology and education in recent years has led to widespread changes in the use of educational methods. The use of these technologies has provided lifelong development and education for everyone in every geography and at any age. In addition, the change in population structure, especially in the academic and educational sectors, has increasingly helped to accept the use of educational technology.
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Market / Industry segment of educational technology
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
|2019||76.4||8||18.10%||Grand view research|
|2020||85.8||5||16.10%||Market and market|
|2020||93.27||5||16.72%||Market data forcast|
Influencing factors that changes market size of educational technology
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the educational technology
- Influence of e-learning strategies
- Corona pandemic
- Internet penetration
- Acceptance of technology by academic structure
- Costs of Internet services
- Internet access and low-quality Internet
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of the educational technology may also be threatened by following risks:
- Competition risk
- Technology risk
- Reputation risk