Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: Virgin’s business predictions, developers have their say and more

FinTech

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital

Sponsored

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

Report: EdTech spend will reach $252bn by 2020

EdTech
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

The global education technology (EdTech) market will grow 17% per annum to $252bn by 2020, according to a report from EdTechXGlobal and IBIS Capital.

So far, the US has made the biggest waves in the EdTech space, the report suggests, adding that Asia is now experiencing the world’s fastest growth in investment into the sector.

Europe, on the other hand, has seen increases in mergers and acquisitions in the space; but the market in this region remains largely under-invested and fragmented.

Top tech stats: London’s co-working community satisfaction, UK EdTEch investment and more

Investors have found there are limited assets of scale available for investment or acquisition in the continent. Between 2010 and 2015, only 13 EdTech M&A targets with enterprise values greater than $100m were located in Europe.

Benjamin Vedrenne-Cloquette, co-founder of EdTech-focused conference EdTechXGlobal, said: “We estimate that the speed of digitisation in education will be up to five times slower than has been seen in other sectors, due primarily to the increased number of gatekeepers involved in digital transition decisions.”

These ‘gatekeepers’ include teachers, plus those from institutions, governing bodies and policy makers.

The UK EdTech opportunity

This year’s report found 81% of UK students use mobile devices to study, which is a 40% increase on last year. The most popular device category used by students  is, unsurprisingly, laptops.

A number of UK-based startups have emerged in the EdTech space over recent years, with a handful of these firms taking part in a trip to Silicon Valley in April with the Mayor of London’s International Business Programme and strategic body for education technology, Edtech UK.

Firms that took part in the trip included startups included Gojimo, Blackbullion, Educational Appstore, FutureLearn, Proversity, Blippar, Whizz Education, and RefME.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

startup tech laptop

Top tech stats: Virgin’s business predictions, developers have their say and more
posted 9 hours ago

Aire Team picture June 2017_9

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital
posted on July 21, 2017

Tech Chats June - digital mobility

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport
posted on July 21, 2017

mobile phone

London machine learning startup Sportr closes $350k Seed round
posted on July 21, 2017

The Week in Tech

A $170m tech fund, a drowning robot and more in The Week in Tech
posted on July 21, 2017

Graphcore founders Nigel Toon CEO (right) & Simon Knowles CTO (left)

Bristol-based Graphcore raises $30m from backers including DeepMind co-founder and Atomico
posted on July 20, 2017