Education - Issue #173 - The New Era of Edtech

There is no doubt that technology plays a pivotal role in pandemic education. However, much of the discussion is strictly binary — tech or no tech, in person or virtual. As we return to school this year, technology will no longer be about replacing teachers. Rather, we are entering a new era of education, one that is powered by technology yet centered on human connection. 

Education technology as a sector has been booming in the past couple of years both in India and globally, with significant interest in the K12 (Kindergarten to Class 12) segment as well.

Data from Tracxn, a start-up data analytics company, shows that Indian edtech firms have raised $5.77 billion in funding in 2021 so far. The overall number was $10.14 billion in 2020. As for market size, German analytics firm Statista estimates the online education market in India will be around $2 billion by the end of this year, significantly up from $250 million in 2016. By 2025, the size of the overall segment would surge to $10.4 billion, says Statista.

You can’t move your curriculum online without making a plan. Here’s our take on having a digital transformation strategy for universities!