Technology companies, publishers, media, entertainment and gaming giants are increasingly looking to the education vertical for new customers.
HolonIQ’s annual analysis of the global education market and expectations for 2021 and beyond.
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250 education companies with $192B market cap, $79B revenue, $10B EBITDA and 668 thousand teachers and professionals
VR adoption gathering momentum in defence training. U.S. government drafts national AI strategy to catch up with China and others. 11 new universities join university blockchain initiative.
Amazon is set to train students across 1000 U.S. high schools in computer science education. Tencent continues its push into online education. Google invests $1 million in online tutoring startup.
Southern New Hampshire University (SNHU) online plans to double students in 5 years. Harvard University closes a 5-year, $10b fundraising effort
Pearson partners with Microsoft and IBM Watson for AI capabilities. Wiley Education Services acquires OPM provider, The Learning House, for $200 Million.
Facebook launches its education site. Tencent invests $300m into Yuanfudau. Apple continues hardware push for education.
International education revenue increases by 15.5%. A total of $30m was invested in EdTech firms through 15+ deals. Australian higher education regulator, TEQSA, tightens up private provider market.
Africa’s first EdTech incubator graduates first two cohorts. UNICAF’s online degree platform raises $28 million. Private school attraction in the continent is creating more market opportunities.
AI, VR/AR technologies find increasing traction in defence sector. Institute of Ethical Artificial Intelligence in Education (IEAIED) in the UK is set to examine and address data privacy concerns for AI in education.
Tech giants move further into education delivery with free courses. Southern New Hampshire University (SNHU) aims to become a mega-university. Udacity hunts for a sustainable business model.
Major online providers are rethinking their strategies to boost their bottom lines as the and tech giants continue to tap into the education market
AI adoption to flourish in China’s afterschool market. Massachusetts Institute of Technology makes $1 billion investment to setup new AI college.
Three of the top universities impress in endowment returns. LinkedIn marches ahead for global talent platform dominance. Apple integrates university student ID cards into Wallet.
Growing number of cyberattacks on EdTech companies and institutions. Kidsense launches automatic speech recognition technology targeted for the benefit of children. VR acceptance on the rise.
Giant universities in U.S. to close mega donor campaigns. Regular universities struggle financially. Facebook launches more education initiatives in coding, robotics and VR.
Apple, Facebook and Google shaping up for a 2019 K-12 battle. Moodle and Blackboard Split.