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The current state of things
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Lockdown consequences
With schools and colleges locking their doors amidst the pandemic, students and teachers find themselves in a unique learning situation.
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Room for growth
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.
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Public vs. private sector
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.
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Security concerns
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.
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Accessibility problem
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%.
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Teachers' perspective
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.
Key Findings
- 90% of educators are of the opinion that using technology is a great way to engage with students in the classroom - an increase of 57.8% from 2017/18.
- Teachers are motivated to adopt digital solutions to improve engagement, while parents prefer solutions that can improve their children’s skills in a particular area.
- VR (Virtual Reality) & AR (Augmented Reality) are poised to be the next set of big talking points and inventions within EdTech.
- China and India represented 70% of global VC-led EdTech investments. Over the next five years, emerging markets like Africa, Southeast Asia, and Latin America are expected to drive major investments.
- Privacy, security, accessibility, and quality are a few issues that need to be tackled both by EdTech solution providers and educational institutions.
Understand the market, find opportunities
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