The education industry has evolved over the years. The coronavirus outbreak and the pandemic-induced digital revolution played a major role in upscaling the sector. Ever since then, ed-tech platforms have emerged at the forefront and enabled remote learning.
While the sector was trying to cope with turbulent times and brace for digital transformations; in 2022, the education industry will enter a new phase and various trends will emerge on its path of growth and transformation-
Education for all
It is due to technology that education has been able to reach even remote areas as well. The growth of the internet, easy availability of smartphones, and the affordable pricing of the internet are driving the expansion of online education in urban areas and even remotest of locations. Hence, even the rural population has access to high-end educational experiences without disrupting their daily wager jobs or relocating to other areas.
Adopting a focused and outcome-based approach
The focus of the education sector will now be on the quality of content and the outcomes. Since online learning enables students to learn at their pace and convenience, there has been a need to transform the approach and make education all the more personalized and customized. The curriculum and approach will also be revamped to meet the industry demands, skill the learners and make them future-ready.
Tech deployment to be aggressive
Technology has indeed marked its presence in the sector. But in 2022, digitization will be aggressive. Artificial Intelligence and Machine Learning will gain prominence in the times ahead. According to Research and Markets report, the global edtech market was valued at $254.80 billion in 2021. It is expected to reach $605.40 billion by 2027 and will grow at a CAGR of 15.52%. The APAC region especially India is an emerging market. The rapid pace of urbanization coupled with the increasing penetration of smartphones and advanced technologies will drive the growth of this segment.
Automation to the new normal for schools
Covid paved the way for schools to incorporate automation in the form of ERP software. They have been embracing automation as a solution to minimize the burden on teachers as well as bridge the teaching-learning gaps. It is anticipated that automation in schools will pick up pace in the times ahead! This trend was highlighted by Modor Intelligence in its recent report which states that the global ERP market size for schools in 2020 was valued at $8.05 billion and is projected to reach $18.82 billion by 2026 growing at a CAGR of 16.2%. The study also points out that the Asia Pacific region especially India is the fastest-growing market. It further highlights that schools are increasingly adopting automation and the solution will emerge to be the new normal for schools in the times to come.
Automation is playing a major role in seamless school management as well as fulfilling the demand of schools, students and parents. By adopting ERP software, they are able to function with a data-based approach and manage operations smoothly. Not only it offers high-end educational experiences to the learners but even enables parents to stay updated about their child’s progress and ongoing school activities in real-time. With this new-age technology, schools have been able to turn paperless! On the whole, the solution is streamlining the workflow, offering superior educational experiences as well as bringing parents closer to their children’s school life.
The education sector has grown exponentially over the period of time. The pandemic carved the path for the digital revolution of the market and upscaled its landscape significantly. While the sector was resilient in its approach last year; it is bracing for growth and transformations in 2022. With digitization at its prime; it is anticipated that the segment will become outcome-focused in the times to come. Hence, it would be appropriate to say that the future of the edutech sector seems progressive!
Views expressed above are the author’s own.
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