Discover the top edtech solutions, understand the current market and users’ motivations and expectations.
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Rapid digital transformation is remodeling how we learn and teach. The edtech industry has witnessed massive growth in the last few years and with the onset of COVID-19 demand for digital education solutions has skyrocketed.
Edtech sector also faces its own significant challenges vis-a-vis privacy, security, quality, and connectivity concerns. It is now imperative for creators to fully understand the market and address the current gaps and opportunities.
With schools and colleges locking their doors amidst the pandemic, students and teachers find themselves in a unique learning situation.
Current edtech solutions consist of both hardware and software, and cover all stages of learning. Continued VC interest has fueled a host of offerings in the market catering to the unique demands of all stakeholders.
The tussle between private and public in terms of who should adopt edtech is another factor in the industry. Even before the lockdown hit, more than 60% of private schools in the UK had access to some sort of online learning portal.
41% of primary schools, 76% of secondary schools, and 80% of higher education institutions have identified cyber attacks or breaches in the past 12 months.
The majority of learners worldwide don't have a fixed access to the Internet or devices to study. Users in Latin America make up 10.1% of the world's Internet users, while those in Africa make up just 11.5%.
Only 4 out of 10 teachers in K-12 education believe that their school is “behind the curve” when it comes to adoption of digital solutions.
Schools should be closely monitoring how much work gets assigned to the individual student every day, but that in itself is a challenging task and there are no suitable digital solutions available to coordinate this process.
8.2B USD
Global VC investment in edtech in 2018
342B USD
Estimated spending in the edtech sector as a whole by 2025
95%
Students in countries like Denmark, Finland, and Poland have access to a computer for schoolwork
34%
Students in Indonesia have access to a computer for schoolwork