iNewz.in Hindi News

Indias Edtech Market Will Be Worth 78 Thousand Crore Rupees In Next Four Years – Estimate : Education Technology Market in India to be 78 Thousand Crore Rupees in Next Four Years

Business Desk, Amar Ujala, New Delhi

Published by: Kuldeep Singh
Updated Sat, 23 Oct 2021 02:33 AM IST

Summary

India’s edtech (education technology) market will grow at a rate of 39 per cent annually to reach $10.4 billion (Rs 77.89 thousand crore) by 2025. By this period, the number of its paid users is estimated to increase to 3700 million.

India’s edtech (education technology) market has grown rapidly during the pandemic. In the next four years i.e. till 2025, it will grow at the rate of 39 percent annually to reach $ 10.4 billion (Rs 77.89 thousand crore). By this period, the number of its paid users is estimated to increase to 3700 million.

India’s edtech market has grown rapidly during the pandemic
Indeed, the edtech sector has been in constant discussion over the past few years. At a time when many sectors were badly affected due to the COVID-19 pandemic, the edtech sector continued to boom and became India’s most preferred sector in just 6-8 months. According to the INC42 report, the country’s edtech market was worth $ 2.8 billion (Rs 20.9 thousand crore) in 2020. It is projected to reach $3.6 billion in 2021.

There are currently 4,450 edtech startups in the country
According to the report, there are a total of 4,450 edtech startups in the country at present. The four unicorns are Byju’s, Unacademy, Eruditus and Upgrade. More than 475 investors are investing in edtech startups.

29.9 thousand crores raised since 2020
According to data from the Indian Private Equity and Venture Capital Association and PGA Labs, domestic edtech startups have raised $4 billion (Rs 29.9 thousand crore) since 2020 so far. This figure was $ 0.55 billion in 2019, which increased to $ 2.2 billion in 2020. From January to August 3 this year, the edtech startup has raised $1.9 billion in capital.

Education sector will grow at the rate of 14 percent

  • India’s education sector is growing at 14% per annum
  • The sector will be $ 225 billion by 2024-25, which is currently worth $ 117 billion
  • The number of edtech users stood at 360 million till 2019-20
NITI Aayog CEO Amitabh Kant said on Friday that India can become the edtech capital of the world in the times to come. In this, the private sector will play an important role and the public sector will have an important contribution to make things easier. In the digital conference of Public Affairs Forum of India, he said that India needs to do a lot of reforms in the education sector. Technology can help take the country forward in this regard.

Education sector in the country will get speed with cheap internet facility
Affordable internet facility and technology based infrastructure is the only way to advance the education sector in the country. Relying only on physical infrastructure will not be enough. Kant said that the Indian education technology environment has great potential for development. But more importantly, the country will progress, students will learn and education outcomes will improve. Comprehensive education technology infrastructure will help in better access to education, especially among the disadvantaged groups. Byju Raveendran, Founder and CEO, BYJU said that through education technology, India can become a global talent center for teachers.

Expansion

India’s edtech (education technology) market has grown rapidly during the pandemic. In the next four years i.e. till 2025, it will grow at the rate of 39 percent annually to reach $ 10.4 billion (Rs 77.89 thousand crore). By this period, the number of its paid users is estimated to increase to 3700 million.

India’s edtech market has grown rapidly during the pandemic

Indeed, the edtech sector has been in constant discussion over the past few years. At a time when many sectors were badly affected due to the COVID-19 pandemic, the edtech sector continued to boom and became India’s most preferred sector in just 6-8 months. According to the INC42 report, the country’s edtech market was worth $ 2.8 billion (Rs 20.9 thousand crore) in 2020. It is projected to reach $3.6 billion in 2021.

There are currently 4,450 edtech startups in the country

According to the report, there are a total of 4,450 edtech startups in the country at present. The four unicorns are Byju’s, Unacademy, Eruditus and Upgrade. More than 475 investors are investing in edtech startups.

29.9 thousand crores raised since 2020

According to data from the Indian Private Equity and Venture Capital Association and PGA Labs, domestic edtech startups have raised $4 billion (Rs 29.9 thousand crore) since 2020 so far. This figure was $ 0.55 billion in 2019, which increased to $ 2.2 billion in 2020. From January to August 3 this year, the edtech startup has raised $1.9 billion in capital.

Education sector will grow at the rate of 14 percent

  • India’s education sector is growing at 14% per annum
  • The sector will be $ 225 billion by 2024-25, which is currently worth $ 117 billion
  • The number of edtech users stood at 360 million till 2019-20

.

Leave a Reply