The Indian EdTech industry was valued at US$ 750 million in 2020 and is expected to reach US$ 4 billion by 2025 at a CAGR of 39.77%. This growth is driven by rising demand for non-academic courses from tier II & III cities and the need for personalisation in the EdTech space.
India’s Evolving EdTech Landscape
In 2020, the whole market was worth 2.8 billion, however, by 2025 this is expected to change drastically, increasing the overall market size to 10.4 billion. The kindergarten to twelfth grade market is expected to stay the most valuable, followed by the test preparation and online certification market.
The FoodTech industry in India is emerging as one of the fastest-growing industries in the country. Leveraging technology to the core, the Indian foodtech companies are putting in their constant efforts to enhance the efficiency and sustainability of the foodtech sector in all its aspects.
Agri Business – Largest Livelihood Provider
The resilience of the farming community in the face of adversities made agriculture the only sector to have clocked a positive growth of 3.4 per cent at constant prices in 2020-21, when other sectors slid. The share of agriculture in GDP increased to 19.9 per cent in 2020-21 from 17.8 per cent in 2019-20.
The Indian EV market is currently in its infancy and is estimated grow at CAGR of 90 per cent from 2021 to 2030. In terms of penetration, EV sales accounts for barely 1.3 per cent of total vehicle sales in India during 20-21. However, the market is growing rapidly and is expected to be worth more.
Led Lighting Industry
The Indian LED Lighting market reached a value of US$ 3.58 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 28.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Indian FinTech industry valued at $ 50-60 Bn in FY20 and is estimated at ~$ 150 Bn by 2025. The Fintech transaction value size is set to grow from US$ 66 Bn in 2019 to US$ 138 Bn in 2023, at a CAGR of 20%.
Future Scope in FinTech Industry
There are over 2100 Fintech companies in India, out of which more than 67 percent have been set up in the last five years. India's Fintech segment has also seen exponential growth in funding; investments worth more than US$8 billion were received across various stages of investment in 2021