EdTech — The Potential
In 2022, the global education technology market reached a substantial valuation of USD 123.40 billion, marking the onset of a dynamic growth phase. This growth is poised to continue with a projected compound annual growth rate (CAGR) of 13.6% anticipated from 2023 to 2030. This forecast signifies a remarkable uptick in revenue, with an expected USD 348.41 billion by 2030.
Educational Technology, commonly referred to as EdTech, comprises both hardware and software innovations utilized by students and educators in virtual environments, thereby amplifying classroom learning and enriching educational outcomes. The paradigm shift towards technology-enhanced education is proving instrumental in tackling various educational challenges.
EdTech platforms are pivotal in delivering a comprehensive educational experience by leveraging technology for both teaching and learning purposes. A prominent trend in this landscape is the increasing preference for digitally accessibility, granting learners the flexibility to access educational materials from virtually any location worldwide.
One notable advantage of digital content is its agility in production, contrasting printed materials that often entail higher production costs. Digital resources are readily translatable into multiple languages, widening their reach to a diverse global audience. This accessibility is…
