Just as Artificial Intelligence, Education systems have evolved beyond being recognizable. Educational tools, educational delivery, educational assessments- You talk of any aspect, Artificial intelligence has impacted the edtech that we explore today. Learners as well as facilitators have also worked hard to keep up with the moving edtech revolution.
The representation above showcases the Asia Pacific Education technology market to grow at a CAGR of 16.1% over the forecast period 2023-2030. Are you also aware that North America has emerged as the leading hub for the edtech and smart classroom market? Isn’t that a great opportunity to invest and yield big returns from the evolving industry?
As we are aware Digital content is comparatively easier to generate than printed content; edtech has made its impact felt in the lives of learners of all age groups. The benefits are long-lasting when talking about the retention of the concepts taught by the learners and the ease of content delivery. This also enhances the effectiveness of the topic delivered. Let us take a deep dive into the world of edtech and how it holds the capability of expanding the horizons for future generations.
What is EdTech?
Education technology, popularly known as EdTech, refers to the hardware and software designed to enhance teacher-led learning in classrooms and improve students’ education outcomes. It assists learners in cooperating, accessing information, assessing their academic performance, and communicating with the trainers or facilitators. EdTech also facilitates parents by enabling them to understand the unique learning potentials of the learners and customize learning content accordingly.
Impact of EdTech on Learners:
- Easy accessibility
- Self-paced learning
- Quick engagement
- Customised education plan
- Easy peer interactions
- Eliminates the cost of travel
- Engaging and collaborative learning
- Promotes critical thinking and creativity
- Enables blended learning or hybrid teaching modalities
EdTech Future Projections:
- As per the Absolute Reports, quoted by EdTechDigit Innovations; the edtech market is expected to reach a whopping mark of USD 260 billion by the year 2028.
- Another report from Infoholic Research showcases EdTech market growth at a CAGR of 15.4% through 2024.
- HolonIQ marks 2030 to be the year that makes the EdTech industry a massive USD 10 trillion market.
6 Largest Manufacturers of the EdTech Market Worldwide:
EdTech Propellers Through 2030:
- Global Growth Impact
The future global edtech marketplace is going to be the growth yielder across the international panorama. Countries will develop their , fostering social stability, and strengthening the broader fundamentals. This way, they will attract more workforce as they will become appealing to work at, and even gain big investments.
- Global Population Shift
The world’s population is expected to reach the mark of two billion by the end of the next three decades. The United Nations expects the world’s population to reach 8.6 billion by 2030. This puts enormous pressure on the present education models to scale efficiency and sustainability in our future educational pedagogies and systems.
- Futuristic Skills
With the population explosion, the great uncertainty of work will creep in. This calls for the most effective and efficient ways for society to experiment and develop core human capital and invest in the quality of labor of the future.
- Tech Advancements
Artificial intelligence, Augmented reality, Machine learning, Robotics, Generative AI, and beyond- Technology evolution is not going to stop anytime soon. The pace at which this evolves shall impact heavily on the learning curve of the population at large.
- Education the way it is
With the demographics changing far and wide; educational chronicles need an upgrade. The current systems shall evolve with the times; so that they can match up to the competitive realities of the future. Re-skilling, upskilling, and automation shall form an important part of the overall upsurge in the educational arena worldwide.
- Regional surge
Regional cooperation shall provide a clear path to support economic growth, achieve efficiencies, and alleviate the under or over-supply of human capital. This will help in maintaining the cultural and national identities in place.
- Global EdTech Giants
With globalization comes the evolutionary integration of international trade, technology, investment, and human capital.
- Robotics in EdTech
The Robo revolution is here to stay! AI-augmented labor force, enhanced consumer demand for AI products, process automation, and many other advancements have led to contributing trillions of dollars to the global economy. This is only going to gain strength further.
Leading Regions in EdTech Market 2024: (LinkedIn)
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey)
- Asia-Pacific (China, Japan, India, Korea, Australia, Thailand, Vietnam, etc)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
The Future Classroom looks like:
- Knowledge-centric Network
Understanding the core of the latest EdTech is the way ahead. With electronic individual coaches shall be able to perceive the learner’s needs and adjust the assignments to their appropriate level of retention.
- Innovative Classroom Teaching Trends
Mobile phones and tablets have become daily use gadgets powering a million tasks every day. M-learning shall assist with handling the portable information traffic that has expanded over the years.
- Huge training data
Teachers observe a critical job of big data on students that shall prompt innovative courses in the future; enabling a more quantifiable execution and effective instructions.
- Augmented Reality
AR-VR gadgets are soon becoming the . The enthusiasm they bring in; ropes in a proficient instruction encounter that energizes inspiration and becomes therapeutic for learners over time.
- Expanded Reality
This shall open new prospects in training as learners can learn from the comfort of their home spaces. 3D components shall improve the instructive pattern of the teaching-learning pedagogies involved.
- Manmade Reasoning
As computerized reasoning is saturating our lives, bringing more manmade power into reasoning shall bring in a novel change. The absence of socialization will bring in learning through man-made brainpower will energize the learning stages.
- Massive Open Online Course (MOOC)
Quality training shall be available to each learner with gigantic quantities of individuals worldwide getting diversified web content access. This is deemed to become a great educational module and evaluation framework.
- 3D Printers in Education
Books with text and pictures with 3D images shall be of an excitingly new level of amusement for the learners. They will be drawn to books in high numbers as they would be highly descriptive and elaborate.
- Customized Learning
This shall enable characterizing the pace and technique of the learning; which will be custom-made to the learner’s own need.
Classes will be enhanced with various media content such as innovative interactive apps, and videos; to foster an enhanced learning experience.
Games are a major source of thrill in education; that allows for wider recreation and assists as a quick input framework; yielding a lasting retention span for the learners.
This is just the beginning of what could be expected of the edtech revolution. The years have witnessed an amalgamation of disruptive educational technology going great guns. The future is also deemed to rely heavily on these technological innovations that will pave the way for high-end educational results. Beginning with the best edtech solutions shall assist in a multitudinous growth of learning and business likewise.