According to the results of the third quarter of 2023, the educational services market increased by 38% year-on-year. The income of the first hundred amounted to 31.4 billion rubles. For the first time, Smart Ranking added a higher education segment to this report, “as long as the business is entirely private and the education is provided online.”

EdTech market increased by 38% in the third quarter

Revenue from the additional vocational training (CPE) segment during the reporting period increased by 38.6% to 10.9 billion rubles, Kommersant reports.

In the early childhood education segment, the amount increased by 44% to 9.3 billion rubles, while in the business education segment it decreased by 9.47% to 1.9 billion rubles.

The Skillbox online educational platform once again became the market leader, the company overtook Skyeng: the former’s revenue in the third quarter increased by 20% and amounted to 3.5 billion rubles.


Karina Pardaeva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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