Educational Technology (EdTech) has liberated and improved student’s overall learning experience by creating engaging and diversified styles.
EdTech helps in alleviating issues through its flexibility and adaptability to differentiated learning. Students should be prepared to meet the demands and standards of the 21st century by improving their skills according to the developments of communication, digital literacy, global awareness, and entrepreneurship. They can now learn in a global scale perspective with the help of computers and smartphones; no need to leave the classrooms to make it possible. (See the number of 2017 Edtech services in today’s market in the infographic provided below by Eduventures)
However with all the positives there are still some uncertainties. An analysis by edweek suggests that despite the global EdTech market boom, there are fronts where investments are slowing down. “A torrent of investment funding has flowed into the educational technology market over the past few years, offering lifeblood to startups and support for maturing companies as they attempt to grow. But the frenzy of activity has also led analysts and companies to wonder: When will the good times end?”
According to CBInsights: “With the boom of the EdTech market comes also, naturally, globalisation, with the US share of ed tech deals falling to 60% in 2015, down from 80% in 2011, as the UK, India, and China took more ed tech financings…”
With a more bullish outlook EdTechXGlobal and IBIS Capital suggests: “EdTech spend is due to reach $252B by 2020. With increased investments and Higher Education technology advancing at a rapid pace, it appears that the demands placed on Higher Ed IT departments will increase over the next four years at a rate not seen before…”
“Edtech is poised to be the biggest and possibly most profitable digitized sector yet.” “Unlike the ups and downs of the financial markets, edtech remains constant, sheltered from many of the pressures of the broader geopolitical landscape.”
By Glenn Blake
