According to a report by transaction advisory firm RBSA Advisors, India’s EdTech industry is poised to become $30 billion in size in the next 10 years. The current market size is about $700-800 million.
Accelerated by increasing smartphone users and the shift to digital-learning models, The sector was already witnessing huge traction but with COVID-pandemic led lockdown, the EdTech industry has witnessed exponential growth.
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Remote learning, affordability, and uninterrupted learning are not only making education possible through digital tools but also fun and interesting for both students and teachers. Teachers, parents, and students are accepting the growing popularity of EdTech with open arms due to its- flexible timings, personalized and customized study material for students, and continuity of education even during challenging times.
The hybrid model of technology integrated classroom has become a big part of educational institutions even in Tier 2 and Tier 3 cities of the country even before the pandemic. Major changes are taking place as a part of the EdTech revolution in the education industry.
- Online classes are likely to expand to other core learning areas like skill up-gradation and University education.
- With the increase in the accessibility of data, online classes will have a greater reach in Tier 2 and Tier 3 cities
- Integration of Artificial Intelligence (AI) will help in customization of content as per student’s engagement level
- EdTechwill also provide a depth analysis of student’s data for better reference to the teachers
- Application of software as a solution (SaaS) will help in exam management by enabling proctoring, which allows students to take examinations anywhere, anytime without any possibility of misuse or cheating
- Through gasification, online firms are looking forward to making education more fun for students
- Teacher’s education for seamless adoption of technology will help them master new tools in a hybrid environment and deliver optimum results
- Using data analytics to provide feedback to both students and teachers will become an important part of the school curriculum