Acceleration in digital transformation is changing the education sector from the ground up. The shift toward online and cloud-based delivery platforms is creating unique opportunities for student development as they can access on-demand courses and learn whatever they want, wherever they want.
According to Research and Markets, the global EdTech market was valued at around $85 billion in 2021 and is expected to reach up to $218 billion in 2027, growing with a CAGR of around 17 percent during the forecast period.
A significant reason for this boost is the growing investments in education technology and a rising preference for digital learning.
Online learning platforms allow students to learn everything from coding skills to personal finance basics taught by industry leaders who are aware of the current trends and needs in the job market. Smartphone apps are boosting student engagement and concentration with interactive content delivered via an easy-to-use, intuitive interface.
Virtual, augmented, and contextual tools are helping students demonstrate a greater ability to commit new concepts to memory and recall them faster when the knowledge and skills are required. Gamification is also gaining traction, encouraging greater student interaction in the classroom. Students and teachers are increasingly leveraging collaboration tools to connect and share content with ease, which enables engagement beyond traditional instruction.
This edition of Education Technology Insights highlights the recent developments in the edtech arena and insights into how businesses are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Director of Learning Technology Solutions at Boise State University, and the Senior Director of Information Technology at DeVry University.
We also took a deep dive into the market trends to narrow down the list of companies delivering robust edtech solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as FTD Educação and TBox, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of Education Technology Insights on edtech helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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