Edtech startups are changing the way the world perceives education. Experts agree that the future of education lies in the new tech areas of data science, cyber security, artificial intelligence (AI), machine learning (ML), and applicable skill-based tools. Edtech is becoming a platform where coming generations can pursue their higher education targets and pick up new industry skills.
The global education technology market was valued at US$123.40 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2030. EdTech solutions are expected to evolve in line with the advances in the latest technologies, such as IoT, AI, and AR/VR, and contribute significantly to the market's growth. Integrating AR and VR in EdTech solutions helps offer an interactive experience to learners. It allows learners to explore and connect seamlessly with abstract concepts and drives student engagement.
To increase learning in classrooms and improve students' educational outcomes, education technology (EdTech) refers to hardware and software used to educate students virtually. By leveraging technology for learning and teaching, edtech platforms help students overcome obstacles to a comprehensive education. Learning materials that can be found online from anywhere in the world, such as eBooks, are becoming more and more popular. Compared to printed content, which has more significant manufacturing costs, digital content is easier to create.
By adopting AR techniques, teachers could convert abstract concepts into lessons that encourage students to learn effectively and efficiently. Even professions and institutes that were slow to adopt technology for educational purposes are now pivoting to cope with the changes. A more extensive user base can simply translate and access digital books available in various languages. Additionally, students can listen to the educational material in an audio version to expand their vocabulary and develop better interpretive reading, especially those with physical limitations.
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