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- EdTech, a rapidly growing and dynamic part of the wider education economy, is set to play a key role in this market. As EdTech continues to grow, thanks to Artificial Intelligence and other new technologies, five key trends are shaping the sector.
www.weforum.org/agenda/2024/02/these-are-the-4-key-trends-that-will-shape-the-edtech-market-into-2030/
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Investment into EdTech touched $1.5 billion over the first 9 months of 2020. This is a 4x increase from its total funding in 2019, where it received just $409 million, and a nearly 10x increase from its total funding in 2017. Byju’s ($545 million) and Unacademy ($150 million) raised the most money in 2020.
EdTech, a rapidly growing and dynamic part of the wider education economy, is set to play a key role in this market. As EdTech continues to grow, thanks to Artificial Intelligence and other new technologies, five key trends are shaping the sector.
- Capital Inflows Are Higher Than Ever
- EdTech Players Are Merging and Partnering to Achieve Scale and Efficiency
- Large Firms View Employee Reskilling and Upskilling as A Necessity
- India Becomes A Leader in The EdTech Race with Global Aspirations
- EdTech Leaders Are Focusing on Supporting Career Progression
Thanks to rapid technological change and enterprise digitization, many companies are looking to continuously upskill their workforce. At the same time, broadband access has become more affordable, and distance-education technologies have become more advanced. These developments have helped the edtech sector boom; venture capitalists (VCs) invested ...
Edtech companies want the lifetime value of their customers to exceed the cost of acquiring them. Financial statements show that sales and marketing costs at several of the largest edtech firmshave ranged from 20 to 60 percent of revenue in recent years.2From the 10-K filings of 2U, Coursera, and Grand Canyon Education. As they seek sustainable way...
With a near-record number of US jobs going begging, thanks to a tight labor market, attracting and retaining talent has become a core challenge for many firms. Large employers like Amazon,Walmart, Target, and Google have announced major investments in workforce education and development programs to decrease churn and fill talent gaps. Some, like Wa...
In 2010, the United States attracted nearly three-quarters of global edtech VC funding. A decade later, investors turned their attention to India (Exhibit 2). With increasing regulatory headwinds buffeting the Chinese edtech industry, prominent edtech players—including Udacity, Coursera, and edX—have turned their investment focus to the enormous In...
In 2021, McKinsey surveyed more than 3,500 edtech students. We found that many were motivated by the prospect of jumpstarting their careers and were seeking a sense of community. New modalities, such as virtual and augmented realities, web3, AI, and machine learning, are making their way into education. However, our findings suggest that edtech pro...
Feb 7, 2023 · India’s edtech sector is one of the largest in the world. The edtech startups from the country operating across more than seven sub-sectors, including test prep, K-12, and edtech SaaS, among others, have raised $10.13 billion between 2014 and 2022.
Mar 30, 2023 · The Rise of EdTech in India: A Deep Dive into the Online Education Revolution. This article will explore the growth and trends of the Indian EdTech sector, analyzing the factors driving its expansion, major players in the market, and the impact of online education on traditional learning systems. by. Siddhesh Surve.
Dec 26, 2022 · The value of the global edtech market in 2021 was $106.46 billion, and it’s just the beginning. From 2022 to 2030, this market is expected to grow annually by 16.5% and is expected to expand 2.5 ...
Five trends to watch in the edtech industry. The adult edtech sector is evolving as quickly as it is growing. Significant changes are taking place in M&A opportunities, geographic hotspots, user demands, and the enterprise market. by Saurabh Sanghvi and Marius Westhof. Sturti/Getty Images. November 2022.
