Did you know that before the pandemic, investments in educational technology rose from $1.3 billion in 2015 to $4 billion in 2018.
During the pandemic, global investment in EdTech further increased, reaching $4.1 billion in 2020—a year-over-year increase of $1.5 billion.
In 2023, the global education technology market was valued at approximately $142.37 billion. It is projected to expand at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2030.
So, technology and education seem to go hand in hand, as reflected by the recent advancements that consistently facilitate communication between students and teachers.
Educational technology or EdTech offers significant advantages over traditional learning methods by addressing numerous downsides in current educational systems.
Our school system often fails to acknowledge the uniqueness of each student. For example, some students grasp concepts rapidly, while others require a slower pace.
To cap it all, EdTech enhances the usability, efficiency, affordability, and accessibility of learning for all students, regardless of their preferred learning styles.
As you can see, full-time, traditional schooling is becoming less attractive to parents. As times change, so do lifestyle choices, reflecting a significant shift in future planning.
Modern learners focus on minimal in-person interaction, extensive use of digital solutions, online connectivity, and the integration of online learning with play.
Discover the top EdTech app features you must have to succeed. From personalised learning paths to real-time analytics, learn how to enhance educational outcomes!
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