According to a report by Red Seer and Omidyar Network India, India's edtech market is projected to reach $3.5 billion by 2022. The report found that online education offerings across classes 1-12 are expected to increase 6.3 times by 2022 to $1.7 billion, while the post-K12 market will grow 3.7 times to $1.8 billion. The edtech user base in India doubled from 45 million to 90 million between 2019-2020, with a 83% increase in paid users from 2.5 million to 4.6 million. The COVID-19 lockdown also drove growth in the B2B edtech space as schools and colleges adopted more tech
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India's Edtech Market Will Touch $3.5B by 2022!!!
According to a report by Red Seer and Omidyar Network India, India's edtech market is projected to reach $3.5 billion by 2022. The report found that online education offerings across classes 1-12 are expected to increase 6.3 times by 2022 to $1.7 billion, while the post-K12 market will grow 3.7 times to $1.8 billion. The edtech user base in India doubled from 45 million to 90 million between 2019-2020, with a 83% increase in paid users from 2.5 million to 4.6 million. The COVID-19 lockdown also drove growth in the B2B edtech space as schools and colleges adopted more tech
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India’s edtech market will touch $3.5B by 2022!!!
• According to the report, online • A report by Red Seer and Omidyar
education offerings across Classes Network India has mapped the 1 to 12 are projected to increase growth in usage from 2019 to 2020 6.3 times by 2022, to create a $ 1.7 billion market. The post-K12 • A massive jump of 83% is noted in market is set to grow 3.7 times to payed user base, from 2.5Mn to touch $1.8 billion. 4.6Mn
• It revealed that edtech users - • This will create meaningful
both paid and free unique users - opportunities for incumbent in K12 and post K-12 segment have players and space for multiple new seen an increase, with the user startups base doubling from 45 million to • lockdown had spurred growth in 90 million • India is home to the second- the B2B space where, unlike highest number earlier, schools, colleges, and of EdTech companies (327) tuition centres were aggressively adopting tech-based solutions • According to World Economic Forum (WEF), in 2019 India • There also has been a 50 percent ranked 68th increase in time spent, which among 141countries, has gone up from 60 minutes to down 10 places from 2018 90 minutes • The report also noted a 40 percent increase in willingness to pay
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