Connect with us

Technology

Global Educational Tech Market Projected to Reach $187.9 Billion by 2029

Published

on

“Comprehensive Report Highlights Key Segments, Growth Drivers, and Technology’s Role in Global Educational Tech Market”

BOSTON, Oct. 23, 2024 /PRNewswire/ — “According to the latest BCC Research study on “Educational Equipment and Software: Global Markets” is expected to grow from $105.4 billion in 2024 and is projected to reach $187.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.2% during the forecast period of 2024 to 2029.”

This report analyzes the global educational equipment and software market, highlighting current trends and providing a comprehensive market overview. The report segments the market by type and application, offering detailed revenue forecasts from 2024 through 2029, using 2023 as the base year. The geographic breakdown includes North America (U.S., Canada, Mexico), Europe (U.K., Germany, France, Spain, Rest of Europe), Asia-Pacific (Mainland China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East, and Africa). It explores emerging technologies shaping the educational sector and provides insights into the competitive vendor landscape. The report concludes with detailed profiles of key players driving innovation and growth in the market.

This report is especially relevant to stakeholders in the educational equipment and software industry, offering a timely and in-depth analysis of a sector that is undergoing rapid transformation. Through detailed segmentation by type and application, it provides valuable insights for equipment manufacturers, software developers, content providers, and investors, helping them understand key market trends, identify growth opportunities, and navigate emerging challenges. As education continues to shift towards digital platforms and technology-driven solutions, staying informed about these dynamics is essential for making strategic decisions, fostering innovation, and maintaining a competitive edge. The report’s focus on emerging technologies and the evolving vendor landscape ensures that stakeholders remain well-positioned to capitalize on future developments in this fast-moving market.

Please click here for more details on “The Global Educational Equipment and Software Report.”

The following factors drive the global market for educational equipment and software:

Increasing integration of AI and ML in educational tools: AI and ML are revolutionizing education by personalizing learning and automating tasks. These technologies identify students’ strengths and weaknesses, allowing for customized instruction and real-time feedback to improve outcomes.

Rise of gamification in education: Gamification incorporates game elements into learning, making it more engaging. Rewards, challenges, and interactive content motivate students, improving retention and fostering a deeper interest in learning.

Rapid rise of mobile learning: Mobile learning uses smartphones and tablets to provide flexible access to educational content. This trend supports continuous learning outside traditional classrooms, making education more accessible and convenient.

Growing impact of social-emotional learning (SEL) technologies on education: SEL technologies help students develop emotional intelligence and interpersonal skills, improving well-being and academic performance by addressing the holistic needs of learners.

Request a sample copy of the global educational equipment and software report.

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$100.8 billion

Market size forecast  

$187.9 billion

Growth rate    

CAGR of 12.2% for the forecast period of 2024-2029

Segment Covered

Type, Application, and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Countries covered

U.S., Canada, Mexico, U.K., Germany, Spain, France, China, Japan, South Korea, and India

Key Market Drivers

•  Increasing integration of AI and ML in educational tools.

•  Rise of gamification in education.

•  Rapid rise of mobile learning.

•  Growing impact of social-emotional learning (SEL) technologies on education.

 

Key Interesting Facts about global educational equipment and software:

Hardware Dominates the Market:The hardware segment leads the educational equipment and software market.Projected to reach $76.1 billion by 2029 due to the high initial investments required for physical devices.

       2. Content as the Second-Largest Segment:

Content remains highly valued for its direct influence on teaching and learning.It holds the second-largest market share after hardware.

      3.  Rapid Growth of Software:

Software is growing quickly, with a CAGR of 13.7%.Growth driven by technological advancements, shift to cloud-based solutions, and increased use of SaaS models, Learning Management Systems (LMS), and Enterprise Resource Planning (ERP) systems.

      4.  Universities Leading the Market:

The university segment is the largest and is expected to surpass K-12 in market share.This is due to the higher adoption of cloud-based solutions and advanced technologies in higher education.

      5.  Challenges in the K-12 Sector:

K-12 institutions face budget limitations, integration issues, and lower technology adoption among staff.Additional challenges include high costs for platform administration, operational expenses, inadequate staffing for SaaS management, and reluctance to adopt new technologies.

The global educational equipment and software include in-depth data and analysis addressing the following important queries:

What is the projected market size and growth rate of the global educational equipment and software market?The global market for educational equipment and software was valued at $100.8 billion in 2023 and will reach $187.9 billion by 2029, growing at a CAGR of 12.2% from 2024 to 2029.

       2.  What are the key factors driving the growth of the global educational equipment and software market?

The key factors driving the growth of the global educational equipment and software market include increasing integration of artificial intelligence (AI) and machine learning (ML) in educational tools, a rise of gamification in education, and the mobile learning revolution.

      3.  By application, which segment will dominate the market by the end of 2029?

By the end of 2029, the universities segment will continue to dominate global educational equipment and software owing to the increased adoption of educational technology across various universities for higher education. Also, the higher market share, as universities tend to go for regular technological upgrades, is driven by the need to align with industry standards and prepare students for tech-centric careers.

      4.  Which region has the highest market share in the global educational equipment and software market?

The North American region is the leading revenue generator for the global educational equipment and software market. In 2023, it accounted for $39.0 billion in revenue, representing about 38.7% of the global total. Both North America and Europe are key markets, with significant growth potential driven by major industry players deriving substantial revenue from these regions, innovations in equipment and software, high internet penetration, widespread technology adoption in education, and substantial government investments to foster industry expansion. Moreover, the Asia-Pacific region has become the fastest-growing market for educational equipment and software on a global scale, fueled by favorable demographic trends and robust economic development.

Some of the Key Market Players Are:

2UANTHOLOGY INC.APPLE INC.ARTICULATE GLOBAL LLC.CISCO SYSTEMS INC.CORNERSTONECOURSERA INC.D2L CORP.DELL INC.ECHO360GOOGLE INC. (ALPHABET INC.)HP DEVELOPMENT CO. L.P.INSTRUCTURE INC.INTEL CORP.LENOVOMICROSOFTORACLEPEARSON

Browse More Related Reports

Cybersecurity: Technologies and Global Markets: This report provides a comprehensive overview of the global cybersecurity market, including base year data from 2023 and projected data spanning 2024 to 2029. It analyzes the market revenue, measured in billions of dollars, across key segments such as security type, solution type, deployment mode, organization size, and end-user industries. The report also offers a regional breakdown, covering North America, Europe, Asia-Pacific, and the Rest of the World. Additionally, it explores key trends and challenges driving market growth, with a focus on environmental, social, and corporate governance (ESG) developments, patents, emerging technologies, and startup funding. The competitive landscape is thoroughly examined, highlighting the profiles of major companies and innovative startups shaping the future of cybersecurity.

Robotics: Technologies and Global Markets: This report provides a detailed overview of the robotics market, focusing on its key components such as whole robots, robot parts, software, and materials. It examines various applications across industries like manufacturing, healthcare, defense, food processing, agriculture, and construction. The study analyzes market drivers, regional dynamics, and current industry trends, with a focus on North America, Europe, Asia-Pacific, and the Rest of the World. The report also includes detailed vendor profiles, base year data from 2023, and market projections through 2029, along with forecasts of the compound annual growth rate (CAGR) for the period.

Directly purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

Logo: https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-educational-tech-market-projected-to-reach-187-9-billion-by-2029–302285004.html

SOURCE BCC Research LLC

Continue Reading

Technology

Most Robots Still Aren’t Insured. YAS and Robolist Are Changing That.

Published

on

By

YAS and Robolist.ai partner to bring a free Risk Score and a path to insurance to robotics companies, giving firms, investors, and buyers a safer, more transparent foundation for an industry entering mass production

HONG KONG, Nov. 4, 2026 /PRNewswire/ — Artificial intelligence’s next phase is getting a body. Humanoid robot shipments are up sharply in 2026, with global shipments reaching roughly 30,000 units in the first half of the year alone, nearly 300% higher than a year earlier. But humanoids are only the headline category. Robolist.ai (“Robolist”), an independent market intelligence layer for robotics used by investors worldwide, tracks more than 4,200 robots from over 1,300 manufacturers across categories including industrial arms, warehouse AMRs, cobots, commercial cleaning, delivery, hospitality, and home robots, and growth is accelerating across nearly all of them.

Across every one of those categories, most of what is shipping today carries no insurance. YAS, a data risk intelligence platform that helps insurers underwrite EV, robotaxi, and now robotics risk, today announced a strategic partnership with Robolist to close that gap — starting with a free Risk Score for the companies Robolist already ranks, and a path to coverage for those who want one.

Putting safety first, for an industry still finding its footing

Robotics is moving from pilots to mass production, and that shift changes who is exposed and what’s at stake. YAS and Robolist both see the same underlying problem: an industry growing faster than the risk infrastructure built to support it. Pairing YAS’s risk intelligence with Robolist’s independent market data gives the industry one more layer of transparency, a shared, safety-first foundation that the companies believe is necessary for robotics to grow into a trusted, durable category rather than a fast-moving one with uneven guardrails.

What it means for robotics firms

Every manufacturer listed on Robolist is already independently ranked. Starting with this partnership, any of them can also request a free Risk Score, built with YAS, covering their systems across whichever category they operate in, not just humanoid. A strong, transparent risk profile is becoming a competitive advantage in its own right, a signal to enterprise buyers and partners that a company takes safety seriously. There is no cost to check it and no obligation attached.

What it means for investors

Robolist’s independent data has always given investors a clear picture of what a company has actually raised and shipped. Adding YAS’s Risk Score introduces a second, forward-looking signal: a working estimate of operational risk exposure, sitting alongside funding and deployment evidence. Together, the two offer a more complete basis for diligence, and support the kind of informed, patient capital that helps the category grow in a healthy, sustainable way rather than on hype alone.

What it means for buyers

Enterprises deciding whether to deploy a robot fleet have historically had almost no independent way to compare risk across vendors. The Risk Score gives buyers a transparent reference point alongside Robolist’s existing rankings, and a direct route to insurance for the deployments they choose to move forward with, so adoption decisions can be made with more confidence and less guesswork.

Status

The partnership is in its exploratory phase under a signed Memorandum of Understanding, beginning with Hong Kong, with other markets under consideration as it develops. The Risk Score is an indicative analytical tool, not a safety certification or a guarantee of coverage; insurance, where available, is issued by licensed carriers.

Quotes

“Robotics is scaling faster than the risk infrastructure around it. You can’t insure what you can’t measure — so we start by measuring. A free Risk Score, built on live operating data, gives every robotics company a transparent read on their exposure and, when they want it, a path to coverage. That’s how a fast-moving category becomes a durable one.”— Andy Ann, Founder, YAS

“We built Robolist as an independent market intelligence layer for robotics. Partnering with YAS deepens that layer. There’s a lot of natural overlap between what we do. Robotics insurance is a long-term project that benefits everyone in the industry, and it matters more now that the category is moving into mass production. Part of that is simply caring about what happens to the people and businesses actually using these machines.” — Matthew Cheung, Co-founder, Robolist.ai

About YAS

YAS is a Hong Kong-based risk intelligence platform for the machine economy, turning live operating data from vehicles, fleets, and robots into real-time risk scores used by licensed insurers to underwrite fairer, faster coverage. YAS works with insurance carrier partners across robotics and humanoids, EV and commercial fleets, with autonomous vehicles next.

About Robolist.ai

Robolist.ai is an independent market intelligence layer for robotics, used by investors to track what manufacturers actually raise, ship, and deploy. Robolist tracks more than 4,200 robots from over 1,300 manufacturers across categories from humanoids and industrial arms to cleaning, delivery, and home robots.

Learn more

Manufacturers can claim their profile and request a free Risk Score, and investors and buyers can explore the data, at robolist.ai. To learn more about YAS’s risk intelligence platform, visit yas.io.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/most-robots-still-arent-insured-yas-and-robolist-are-changing-that-302928742.html

SOURCE YAS

Continue Reading

Technology

UN Global Compact Convenes Latin American Leaders in Montevideo and Launches CEO-led Coalition

Published

on

By

MONTEVIDEO, Uruguay, Nov. 4, 2026 /PRNewswire/ — The United Nations Global Compact today convened its second Latin America and the Caribbean Leaders Forum in Montevideo, Uruguay, bringing together more than 300 leaders from business, government, finance, the UN and academia to accelerate collective action on sustainable development and showcase how Latin America and the Caribbean is delivering innovative, scalable solutions to global challenges.

Held today under the theme “From Ambition to Action: Latin America and the Caribbean Leading Global Sustainable Solutions,” the Forum builds on the inaugural regional gathering held in Paraguay in 2024. The United Nations Global Compact — together with its eleven Country Networks in the region: Argentina, Brazil, Bolivia, Chile, Colombia, Caribbean, Guatemala, Mexico, Paraguay, Peru and Uruguay and the team in Ecuador — convened the forum to provide a platform for regional dialogue, cross-border collaboration and practical solutions to some of the most pressing challenges facing businesses and societies across Latin America and the Caribbean.

Discussions at the Forum addressed the region’s evolving role in a rapidly changing global landscape, shaped by geopolitical shifts, technological transformation, climate risks and changing global value chains. Through high-level dialogues, leaders explored how Latin America and the Caribbean can leverage its natural resources, innovation and business leadership to strengthen competitiveness and resilience while advancing sustainable development. Key topics included responsible artificial intelligence, sustainable finance and investment, supply chain resilience, climate action, business integrity and inclusive economic growth, with a focus on translating sustainability commitments into tangible business, social and environmental outcomes.

The gathering also marks an important moment for the UN Global Compact’s growing regional engagement. Latin America and the Caribbean is its second-largest region by participation, with more than 4,300 participating companies, nearly 60 per cent of them small and medium-sized enterprises.

UN Assistant Secretary-General and Executive Director of the UN Global Compact, Sanda Ojiambo, joined regional business leaders and senior representatives at the Forum, underscoring the importance of private sector leadership and cross-border cooperation in addressing shared challenges and advancing sustainable development.

As a key milestone of the Forum, the UN Global Compact announced the launch of the Latin America Business Leaders Coalition (LBLC), a new CEO-led regional platform bringing together a select group of leading business executives to address shared challenges, advance regional competitiveness and prosperity, and amplify Latin America’s private sector voice on the global stage. At a pivotal moment for the region, the Coalition aims to strengthen Latin America’s influence in shaping global priorities, while positioning the region’s business community as a strategic partner in multilateral dialogue.

“Responsible business is resilient business. Latin America and the Caribbean has the resources, talent and entrepreneurial energy the world economy needs. Together we are harnessing these attributes to build a robust platform for business leaders to act together across borders,” said Sanda Ojiambo, UN Assistant Secretary-General and Executive Director of the UN Global Compact. “This Coalition changes that. It brings CEOs together to tackle shared challenges and give Latin American business a stronger voice on the global stage.”

Designed to move beyond dialogue, LBLC will enable CEOs to define shared priorities, mobilize their organizations, and translate collective commitments into coordinated action and measurable results. The Coalition is convened by the UN Global Compact, with support from Boston Consulting Group, and builds on the experience of the Africa Business Leaders Coalition, which brings together 75 leading companies operating across 52 African countries and has advanced collective action on climate, gender and intra-African trade.

Founding companies include Grupo AJE (Peru), Motiva (Brazil), Natura (Brazil), Softtek (Mexico), LATAM Airlines (Chile), UNACEM (Peru), Grupo Sancor Seguros (Argentina) and Grupo Mariposa (Guatemala).

The Forum also marked the publication of From Commitment to Action: Business Cases from Latin America and the Caribbean, a collection of practical examples showcasing how companies across the region are translating sustainability commitments into measurable business, social and environmental outcomes, released in Spanish, Portuguese and English to ensure broad accessibility. The publication demonstrates how integrating sustainability into business strategies and operations can reduce costs, manage risks, improve working conditions and unlock new commercial opportunities. These examples highlight the business value of sustainability and offer practical insights to inspire further action across Latin America and the Caribbean.

Notes to Editors

About the Latin America Business Leaders Coalition
The Latin America Business Leaders Coalition (LBLC) is a CEO-led initiative convened by the United Nations Global Compact, with support from Boston Consulting Group. Launched in Montevideo on 3 November 2026, it brings together business leaders from across Latin America to advance shared priorities, strengthen regional cooperation and amplify the region’s business voice globally.

About the United Nations Global Compact
As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our vision is clear: to mobilize business to transform sustainability ambition into action at the scale the world demands. With more than 25,000 participants and a presence in over 100 countries through 5 Regional Hubs and more than 70 Country Networks and expansion territories, the UN Global Compact is the world’s largest corporate sustainability initiative. For more information, follow @globalcompact on social media and visit the UN Global Compact website.

SOURCE United Nations Global Compact

Continue Reading

Technology

Fractal delivers its first ever $100 million revenue quarter, reports EBITDA growth of 71% YoY

Published

on

By

Fractal Q2 Net Income Jumps 139% on revenue growth of 20%

NEW YORK, Nov. 4, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL), an enterprise AI company that builds its own AI models, platforms and products for Fortune 500® organizations, announced its consolidated financial results for Q2 FY27, ending September 30, 2026.

In Q2 FY27, the Company reported consolidated operating revenue of INR 9,565 m, a growth of 20% year on year (YoY) and 10% in constant currency terms YoY. Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 79% growth YoY. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 30% YoY in Q2 and the company has delivered strong sustained growth in HLS and BFSI over the last several quarters. Fractal’s largest industry vertical, Consumer Packaged Goods and Retail (CPGR), grew 11% YoY. TMT saw strong sequential recovery with 6% QoQ growth. Fractal’s products, including the Cogentiq agentic AI platform, reached an annual revenue run-rate of over INR 1,500 m, up 39% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention1 of 115% in Q2. Further, its Net Promoter Score (NPS) during the period stood at 76.

The company reported improved profit margins at all levels. Adjusted EBITDA Margin expanded by 123 bps2 YoY to 16%. Net Income grew 139% YoY to INR 792 m.

Commenting on the performance, Srikanth Velamakanni, Co-founder and Group CEO of Fractal said:
“AI models are getting more capable every week and cheaper every quarter. Within the next few quarters, we will cross a threshold where it becomes irresponsible and downright risky for companies to leave their most important decisions unchanged. We are building Fractal for that moment, and this quarter shows it: revenue crossed $100 million and net income more than doubled.”

About Fractal 

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is an enterprise AI company with a vision to power every human decision in the enterprise. Fractal builds AI models, platforms and products, and engineers them into the critical decisions of Fortune 500® organizations. Fractal’s strategy is focused on three pillars: AIT, which rebuilds business workflows and decisions with AI; AIF, which builds the trusted, governed data and knowledge layer that enterprise AI reasons with; and AIW, which helps organizations redesign work, develop AI-ready talent, and build the capabilities needed for the AI-native enterprise. All three pillars are powered by Cogentiq, Fractal’s flagship agentic AI platform.

With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, and its research team builds its own models, including the Fathom reasoning models. Fractal was selected under the IndiaAI Mission to build a large reasoning model for India. Its models and products include Vaidya.ai, whose Vaidya 2.0 model was the first to score above 50 on OpenAI’s HealthBench (hard), and PiEvolve. Fractal also incubated and spun out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke. Fractal’s businesses also include Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

1 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

2 Basis points = 1/100th of 1%

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/fractal-delivers-its-first-ever-100-million-revenue-quarter-reports-ebitda-growth-of-71-yoy-302928760.html

Continue Reading

Trending