Which are the Key Companies Operating in the World of Edtech?

• Published Date: May 29, 2024

What is Edtech?

It is an age of technology for sure, as technology has entered almost in every field. Education is also not left far behind, with the emergence of AI. During COVID, it was observed that, there were online classes all over. The online classes were made possible, with the increasing use of smartphones and other devices, such as tablets. It was not just for these smart devices, but enhanced connectivity to go with it as well.

The total value of the industry of Edtech market will reach at USD 998.4 billion, by the end of this decade, powering at a rate of 17.3%.

Which are the key players operating in the market, let us find out in this blog

Think and Learn Private Limited (BYJU'S)

Establishment: 2011

Headquarters: India

Website: https://byjus.com/

It is an is online education services company. It offers online tutoring services through application for primary and secondary schools, competitive exams, national and international board curriculum and state boards.

The company provides services through byjus.com and BYJU’s App. There are over 150 million downloads of the Byju’s app in over 1700 cities all over the world.

Blackboard Inc

Establishment: 1997

Headquarters: U.S

Website: https://www.blackboard.com/

The company is intended to design learning and education software for companies/ schools. The company offers innovative solutions improving the experience of students and learners at a global level, The solution offered allow higher education, professional, K-12, corporate, and government establishments to extend teaching online, enable campus commerce and security, and communicate effectively with the people. The company has over 150 million leaners, educators and administrators.

Chegg Inc

Establishment: 2006

Headquarters: U.S

Website: https://www.chegg.com/

The company provides student-connected learning platforms. It offers cheap textbooks, chegg play, chegg study help, chegg coupon, college textbooks e-textbooks, flashcards etc.

The Chegg platform services for supporting learners with academic course materials, along with career and personal skills developments. It also offers mobile applications, manual of solutions, study, used textbooks, 101, textbook rental, digital access codes and chegg writing. It operates in the U.S., Germany, India, the U.K., and Israel.

The total net revenue of the company was in the third quarter of 2023 was USD 157.9 million, for the quarter ending 30th September 2023.

Coursera Inc

Establishment: 2012

Headquarters: U.S.

Website: https://www.coursera.org/

The company partners with over 275 universities and companies for offering affordable, flexible, job-relevant online learning to people and organizations at a global level.

If the revenue of the country is taken into account for 2023 was USD 635.8 million, and if only the revenue of the fourth quarter of 2023 was USD 168.9 million. It increased by 19% for the same period in 2022.

 Edutech

Establishment: 1991

Headquarters: U.A.E.

Website: http://www.edutech.com

It provides educational solutions to learners of school and university level and also industrial education. They allow academic and corporate organizations to advance performance by enabling knowledge and skills enhancement.

A wide range of education is provided to improve learning in classrooms, industrial and corporate training centers and college, school and vocational centers

edX Inc

Establishment: 2012

Headquarters: U.S.

Website: https://www.edx.org/

It is an online learning platform from digital education company 2U, Inc. Founded by MIT and Harvard as an experiment for making the best education available to all the people. Today, edX connects more than 83 million people with online learning offering professional progress in every discipline, from AI and robotics to sustainability and public health.

They join with organizations and universities, edX offers a lot of relevant programs designed for every learner.

Google LLC

Establishment: 1998

Headquarters: U.S.

Website: www.google.com

It is a subsidiary of Alphabet Inc. The company's business includes search, platforms and operating systems, advertising, and enterprise and hardware products.

The company includes Google Chrome, Google Search, Google Calendar, Google Photos, Google Docs, Google Drive, Google Meet, Google Play Books, Google Finance, Google News, Google Earth, Google Ad Manager and many more. The company is spanned in Europe, APAC, North America, and MEA.

Instructure Inc.

Establishment: 2008

Headquarters: U.S.

Website: https://www.instructure.com/

It is an edtech company dedicated for cohesive learning. The company amplifies the power of teaching and enhance the process of learning for the people, leading to improved student outcomes. Today, the company supports over 30 million learners and educators at over 6,000 at a global level.

The total revenue of the company in the third quarter of the year 2023 was USD 134.9 million by the end of this decade.

Microsoft Corporation

Establishment: 1975

Headquarters: U.S.

Website: https://www.microsoft.com

Microsoft Corporation offers software products, services. It has a number of operating systems, business solution applications, server applications, software development tools, desktop and server management tools. It also produces and sell PCs, tablets, which are an integral part of edtech industry. Microsoft offers a number of services, such as cloud-based solutions, solution support, and consulting services.

The company markets, distributes, and sells its offerings with the help of OEMs, distributors, resellers, online marketplaces, Microsoft stores etc. The revenue of the organization in 2022 was USD 198,270 billion in 2022, which was 18% more than that of 2021.

Coming to a Close

These are some of the key players, which are operating in the market of edtech. At a global level. The presence of these many players makes one thing very clear that, how much potential is there in the ed-tech industry.