With the emergence and long-term Impact of COVID-19, Global Edutainment Market to reach USD 17.69 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Edutainment Market points towards a potential rise to USD 17.69 billion by 2030. Edutainment centers combine education and entertainment, offering educational features in places such as zoos, aquariums, science centers, botanical gardens, and children’s museums. These centers provide learning through entertainment, making them popular destinations for children and parents. The Edutainment market is expanding because of factors such as rising number of digital learning platforms and rising demand of Augmented Reality (AR) and Virtual Reality (VR) technologies. Moreover, the increasing utilization of Augmented Reality (AR) and Virtual Reality (VR) technologies is significantly impacting the Edutainment market, revolutionizing the way educational experiences are delivered and enhancing learner engagement.
Geographically, the global Edutainment market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominates the market during the forecast period owing to the presence of numerous organizations, substantial investment in edutainment centers within the region. Asia Pacific is the fastest growing region during the forecast period, owing to factors such as a rise in cloud computing technology and an increasing number of connected and intelligent devices. Additionally, the presence of numerous edutainment organizations in the region.
The global Edutainment market is highly competitive owing to the presence of several key manufacturers such as Brightcove Inc. Tata Sons Private Limited KNeoMedia Limited KidZania Operations S.A.R.L. Merlin Entertainments Kaltura Inc. Kidz Holding S.A.L. A.E.L. Data Services L.L.P. Reliance Jio Infocomm Limited zSpace Inc, and others.
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Key findings of the study suggest:
- Global Edutainment Market is anticipated to grow with a healthy growth rate of more than 17.66% over the forecast period 2023-2030.
- In Service Type segment, Interactive Participatory Service emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to substantial investment in edutainment centers in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rise in cloud computing technology in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Service Type:
- Non-Interactive Spectator Service
- Interactive Participatory Service
By Revenue Source:
- Advertising
- Ticket Fees
- Partnership
By End-User:
- Individuals
- Schools
- Universities
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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