5G In Education Market Size, Share, Opportunities, And Trends By Type (Hardware, Software), By Application (Virtual Reality, Personalized Learning, Others), And By Geography - Forecasts From 2024 To 2029

5G in Education Market is expected to grow with a CAGR of 32.14% in the projected period.

5G in the education market is growing due to the public's inclination towards learning and education, high-speed data connectivity, seamless voice services, 5G capable devices, and advanced chip technologies. These factors enhance the learning outcomes, efficiency, collaboration, and communication in the IT and educational sectors.

For instance, annual report of Coursera 2022, more than 21 million users joined Coursera in 2022. Furthermore, the revenue of the company grew from US$115.0 million in 2021 to US$ 142.2 million in 2022. A similar pattern was seen in course enrollment for online learning, with pre-pandemic increases being overwhelmed by significant spikes. These rises reflect the rising popularity of online education worldwide, including an increase in the number of remote students enrolled in higher education programs and students from rural or at-risk communities. 

Additionally, according to Eurostat, in 2023, 30% of European Union internet users from 16 to 74 years reported that they had enrolled in some online course or had used online learning material three months before the survey. Moreover, according to the article, the Netherlands had the highest percentage share 54% of the people using the Internet for their online courses. Hence, in the projected period, with the rising demand for the Internet for online courses, the market for 5G in Education is expected to grow.

According to the World Economic Forum, the trend for online education is prevailing way before the pandemic, in 2019 the global edTech investment was US$18.66 billion, and the overall projection for online education in 2025 will be US$350 billion. Online education applications, language applications, virtual tutoring, video conferencing, and online learning software are all expected to grow in double folds in the coming years. Hence, all this is possible with the penetration of high-speed internet, so 5G is expected to be one of the best choices for people looking for education on an online platform. 

EMERGING OPPORTUNITIES FOR 5G IN THE EDUCATION INDUSTRY MARKET

• SOFTWARE AND PERSONALIZED LEARNING

The growth drivers for 5G in the education market also include favorable government policies and initiatives, growing demand for high-speed internet, rising learning preferences of the public, increasing adoption of 5G-enabled devices, and rising interest in 5G technology among various industries. These factors enable applications and use cases that require low latency and high bandwidth.

The 5G in the education market is segmented by type into hardware and software. By application, it is segmented into virtual reality, personalized learning, and others. The software and personalized learning segments of the 5G in the education industry are witnessing various innovations and collaborations from different players in the industry.

For instance,

• United Nations Children's Fund (UNICEF) Digital Education, estimated that approximately 250 million children are out of school, and are not able to receive quality education. Moreover, in low to middle-income countries two-thirds of children are not able to read, and comprehend basic sentences. Hence, in order to tackle this situation UNICEF has decided to provide Digital Education that will help in embracing digital transformation, and innovation. Moreover, with the launch of the low-cost smartphone and the increasing shift to artificial intelligence, and automation, Hence, in the coming years with the increase in such policies, the demand for 5G in education is expected to propel.

GEOGRAPHICAL INSIGHTS:

The global 5G in education market consists of some major countries promoting literacy. Americas is expected to have a higher CAGR during the forecasted period. High penetration of the internet in the region is one of the major reasons for market growth. For instance, according to 5G Americas, March 2024 article, the wireless telecommunication industry is growing rapidly worldwide, and America is one of the major reasons where 5G technology and innovations are at their peak. In 2023, globally the penetration of 5G internet reached 1.76 billion.

Moreover, North America emerged as a trailblazer in 5G connections, with connections in the region comprising 29% of all North American connections by the end of 2023. Notably, there was a staggering 64% growth from 2022 to 2023, with 77 million new 5G connections added, totaling to 197 million. Hence, the increasing penetration of the Internet in the region, and the rising trend towards learning skills or educating oneself with the help of the Internet is expected to boost the market growth in the North American region in the coming years.

Moreover, Asia Pacific is expected to grow at a significant rate in the coming years. As there is a shift toward learning things online, and there is a surge in the adoption of 5G Internet in the region. For instance, according to the GSMA’s Mobile Economy APAC 2023 Report, 5G will account for two-fifths (41%) of the mobile connections in the region by 2030, up from 4% in 2022. Moreover, by the end of 2030, Asia Pacific will account for around 1.4 billion internet connections. This growth is driven by falling average prices for 5G connections, rapid network expansion in developing countries such as India, and increasing efforts by the government to promote 5G connections is anticipated to drive the market for 5G in the education sector in the projected period. 

Furthermore, according to the Department of Telecommunication, Ministry of Communication, the integration of 5G technology in education marks a groundbreaking shift presenting ample opportunities for both learners and educators. The transformative integration of 5G into education will not only make learning more effective, or engaging but also foster inclusivity, and ensure that the quality of education is up to the mark. Therefore, as more and more governments start engaging in the reach of 5G to people, and rising interest among people to use the internet for education is anticipated to boost the market growth in the projected period.

MAJOR PLAYERS IN THE MARKET

Some of the leading players in the market include NTT Limited and Verizon, among others. The product offerings of the major corporation include the following:

5G In Education Market Scope:

SEGMENTATION

• By Type
  • Hardware
  • Software
• By Application
  • Virtual Reality
  • Personalized Learning
  • Others
• By Geography
  • Americas
    • USA
    • Others
  • EMEA
    • Germany
    • UK
    • Others
  • APAC
    • China
    • Japan
    • South Korea
    • Others