This year, TIME and Statista partnered to create the World’s Top EdTech Companies of 2024 list, which highlights 250 companies that are making a significant impact in the field of educational technology. The winners were selected based on a comprehensive analysis that focused on two key pillars: financial strength and industry impact. Companies had to primarily focus on developing and providing educational technologies, products, or services to be considered for the list.
To determine the financial strength of each company, Statista gathered and scrutinized data from over 7,000 companies through desk research, online application forms, and collaborations with other data and market intelligence companies. This data included information on revenue, employee numbers, and funding sources, which were obtained from publicly available sources such as annual reports, company websites, and databases. Companies were also able to submit disclosures via an online application form to provide additional information for consideration.
In addition to financial strength, companies were evaluated based on their industry impact. Statista worked with partners such as HolonIQ and LexisNexis® Intellectual Property Solutions to assess companies in areas such as the quality and impact of their product/service portfolio and the quantity and value of their intellectual property portfolio. Metrics such as web traffic and user numbers were also researched to determine the relevance of the products and services offered by each company.
The final list of the World’s Top EdTech Companies of 2024 includes companies from various categories, with each company being recognized for their contributions to the field of educational technology. The list serves as a resource for educators, investors, and consumers looking to stay informed about the latest innovations and advancements in the industry. By highlighting the top performers in the field, TIME and Statista aim to showcase the companies that are driving positive change and making a difference in education.
Overall, the World’s Top EdTech Companies of 2024 list is a testament to the growth and innovation happening in the field of educational technology. The selected companies have demonstrated their commitment to providing high-quality products and services that have a positive impact on students, teachers, and the education sector as a whole. As technology continues to play a significant role in education, these companies are at the forefront of shaping the future of learning and helping to improve outcomes for learners around the world.
