Global Information and Communications Technology (ICT) Services in Education Market to Reach US$250.1 Billion by 2030

The global market for Information and Communications Technology (ICT) Services in Education estimated at US$153.1 Billion in the year 2023, is expected to reach US$250.1 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2023-2030. Pre K-12 End-Use, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$134.3 Billion by the end of the analysis period. Growth in the Higher Education End-Use segment is estimated at 7.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$41.7 Billion While China is Forecast to Grow at 11.5% CAGR

The Information and Communications Technology (ICT) Services in Education market in the U.S. is estimated at US$41.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$55.1 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Information and Communications Technology (ICT) Services in Education - Key Trends and Drivers

Information and Communications Technology (ICT) services in education have revolutionized the way knowledge is imparted and acquired in modern learning environments. These services encompass a wide range of digital tools and platforms that facilitate the creation, delivery, and management of educational content. Key components of ICT in education include learning management systems (LMS), interactive whiteboards, digital textbooks, and online assessment tools. These technologies enable educators to deliver personalized and engaging learning experiences, support collaboration among students, and streamline administrative tasks. By integrating ICT into the classroom, educational institutions can cater to diverse learning styles, improve student engagement, and enhance overall educational outcomes.

The adoption of ICT services in education has accelerated with the advancement of digital technologies and the increasing availability of high-speed internet. Online learning platforms and virtual classrooms have become commonplace, particularly in response to the COVID-19 pandemic, which necessitated a rapid shift to remote learning. Tools such as video conferencing software, cloud-based collaboration suites, and e-learning applications have made it possible for students and teachers to interact and learn from virtually anywhere. Moreover, the use of data analytics in education has provided educators with valuable insights into student performance and learning patterns, allowing for more informed instructional decisions. Gamification, augmented reality (AR), and virtual reality (VR) are also being integrated into educational content to make learning more immersive and enjoyable.

The growth in the ICT services in education market is driven by several factors, including the proliferation of digital devices, advancements in educational technology, and changing educational paradigms. The widespread availability of affordable smartphones, tablets, and laptops has made it easier for students to access digital learning resources. Technological innovations, such as artificial intelligence (AI) and machine learning, are enhancing the capabilities of educational software, enabling more adaptive and personalized learning experiences. Additionally, there is a growing emphasis on digital literacy and 21st-century skills, which has led to increased investments in ICT infrastructure and professional development for educators. Consumer behavior, particularly the demand for flexible and accessible learning options, is also a significant driver, as students and parents seek educational solutions that can fit into their busy lifestyles. These factors collectively contribute to the robust growth of ICT services in education, positioning them as essential components of modern educational systems and strategies.