TIME and Statista Unveil Methodology for Selecting World's Top EdTech Companies of 2024

TIME Magazine and Statista have revealed their methodology for selecting the world's top EdTech companies of 2024. The inaugural statistical ranking recognized 250 companies primarily focusing on developing and providing educational technologies, products, or services, based on an analysis of data points such as revenue, funding, quality and impact of product or service portfolio, and the quality and value of the company's intellectual property.

More than 7,000 companies were evaluated for consideration, and the 250 companies with the highest scores that have demonstrated an extraordinary impact on the industry and strong financial performance were awarded. "The new statistical ranking by TIME and Statista recognizes 250 companies primarily focusing on developing and providing educational technologies, products, or services," stated a summary of the methodology.

Why this matters: The TIME and Statista ranking highlights the growing significance and impact of educational technology companies on a global scale. It provides recognition for the top innovators and performers in the EdTech industry, which has seen rapid growth and transformation in recent years, especially in the wake of the COVID-19 pandemic and the shift towards online learning.

Several notable companies were recognized in the top rankings, including Emeritus, which was ranked as the number one EdTech company in the world. Kuali, an EdTech SaaS company focused on providing administrative software for higher education, ranked in the top 100 of all companies on the list and the top 40 of US companies. AllHere, a leading developer of AI solutions for K-12 education, was recognized as one of the top 75 EdTech companies globally.

Other companies that made the list include Lingokids, a leading early learning app; CodeSignal, an educational technology company ranked 34th; Pluralsight, a technology workforce development company; Accredible, a digital credential platform ranked 161st; and Claned, an edtech firm from Finland ranked 24th.

The recognition from TIME and Statista validates the hard work and dedication of these companies in leveraging technology to drive positive change in education. "This recognition reflects our commitment to creating powerful, easy-to-use software that our customers love and that helps them further their mission," said Kuali CEO Joel Dehlin. The ranking also highlights the enduring significance of online learning in today's industry landscape and the growing demand for accessible, high-quality learning opportunities.

Key Takeaways

• TIME and Statista ranked 250 top EdTech companies based on data analysis.
• Emeritus ranked #1, Kuali in top 100, AllHere in top 75 globally.
• Other notable companies include Lingokids, CodeSignal, Pluralsight, Accredible, Claned.
• Ranking validates companies' work in leveraging tech to drive positive change.
• Highlights growing significance of online learning and demand for quality education.