In today’s interconnected and globalised world, education has undergone a significant transformation, thanks to the rapid advancement of technology. The traditional model of learning, confined to physical classrooms and limited resources, has given way to a new paradigm where learning is accessible anytime and anywhere. 

This technological progress has revolutionised the way we approach education today. By leveraging technology, students and educators can transcend geographical boundaries, access vast knowledge resources, collaborate with peers worldwide, and develop the essential skills required for success in the modern workforce.

The edtech industry in India has witnessed exceptional progress and is set to achieve significant milestones in the near future. In the year 2020, its valuation stood at US$ 750 million, and market forecasts suggest that it will soar to an impressive US$ 4 billion by 2025, showcasing an outstanding compound annual growth rate (CAGR) of 39.77%.

This surge in the edtech industry’s growth can be attributed to several factors. Firstly, the disruptions caused by the COVID-19 pandemic, coupled with subsequent lockdown measures, compelled parents and educational institutions to adopt technology-driven learning solutions. Additionally, the need for personalised learning experiences within the edtech domain has played a crucial role in driving its growth. 

Conventional education systems often face difficulties in giving individual attention to students, resulting in learning gaps. However, the emergence of educational technology (edtech) platforms has addressed this issue by offering adaptive learning technologies and personalized content. These platforms have filled the void by allowing students to learn at their own pace and receive customised guidance. This personalised approach has gained significant popularity among students, parents, and educators, driving the rapid expansion of the edtech industry. Within the projected market value of US$ 4 billion by 2025, approximately US$ 1.5 billion will be reportedly dedicated to K–12 education, including after-school foundational and pre-preparational courses. This highlights the growing importance of technology in supplementing traditional classroom education and providing additional resources for students to excel academically. 

Another significant trend in the Indian edtech sector is the significant influx of funding for start-ups. As of June 2022, India had a remarkable achievement in the edtech sector, with a total of seven edtech unicorns. This indicates the significant growth and potential of the this industry. 

With the increasing digitisation of education and the growing recognition of edtech’s potential, the industry is well-positioned for further expansion. However, challenges such as ensuring equitable access to technology and quality of online education loom large in the industry. 

Moreover, the rapid pace of technological advancements requires educators to continually adapt and upgrade their skills. Teachers must be proficient in effectively using technology tools, integrating them into the curriculum, and guiding students in their use. 

Navigating education in this digital landscape requires a fresh perspective and an understanding of the role technology plays in building a future-ready education system. The 26th Elets World Education Summit on 4-5 July will delve deeper into harnessing the full potential of new-age technologies in today’s competitive world. Also, the summit will be a perfect platform to foster collaboration & innovation between academia and technology leaders to prepare the education sector for the 21st century.  

Join us to explore the new technology trends, innovations, best practices & much more