"A key indicator of any industry remains the growth user base. In this case, the user base consists of the students and other categories including professionals with varying experiences, entrepreneurs among others," the report said. In India, it is expected to grow from 90 million individuals in FY20 to 133 million individuals by FY25.
The number of paid users are expected to increase from 1.2 per cent to 8.1 per cent in the next five years.
"The industry though has been seeing a gradual growth over the years, it received a major boost post pandemic. India has been showing strong growth in the EdTech sector, a similar trend like China," the report said.
China has shown significant market potential in the EdTech sector over the last years. The market stood at $250 million in FY20 and is expected to grow upto $295 million by FY25.