The Rise of EdTech

Edtech is in an excellent position to expand access to technology, global distribution strategies, and individualised goods that can adapt to demand and iterate infinitely.

FREMONT, CA: Although edtech is booming, it wasn't an overnight success. The COVID-19 pandemic occurred when the outdated standardised education model at all levels was more open to change and was prepared to be replaced by a new paradigm of lifelong and individual learning. Edtech companies have finally proved that their role in education is a fait accompli rather than a passing trend.

The Edtech sector is in an excellent position to expand people’s access to technology, global distribution strategies, and individualised goods that can adapt to demand and iterate infinitely. There is doubt that the edtech domain is growing with strong momentum. Still, there are enormous prospects for diversification because K–12, higher education, and further professional education are fairly distributed globally.

The worldwide edtech market evolved by 22 per cent in the first quarter of 2020, and with a positive 19.9 per cent CAGR predicted through 2027, this trend is expected to continue. It is understandable why investors from all sectors are focusing more and more on new learning innovations. Even the most tech-averse teachers in standardised schools were forced to concede that what they performed in the classroom did not transition to distance learning. Demand for mobile learning devices outstripped supply as education providers worked to overcome the digital access gap as countries are accelerating their tech initiative.

Technology has intervened and advanced. Edtech finally became widely accepted, with various learner support apps taking on more of the hard lifting in learning design, from learning management systems to enabling students to connect and interact from home.

While creating a national digital platform for all learners that can be integrated with various independently developed learning apps to enable flexibility and innovation, edtech companies developed digital toolboxs to assist teachers in engaging with students and tracking progress.

New edtech businesses in Public funding and private businesses are collaborating everywhere. Everyone benefits from triumvirate efforts to increase learning access and quality. The pandemic highlighted edtech as a core element of education. Teachers in the mainstream started to see learning guides as what kids needed, and they began to worry less about technology, turning them into passive spectators.

Technology-assisted instructors in transfer agency and empowering students to self-direct through technology pathways that allowed them self-responsibility and self-determination throughout the entire process, as opposed to trying to control every aspect of the learning experience.