For the past century, majority of the learning models have remained unchanged. But, COVID-19 has disrupted the traditional classroom learning model permanently. In order to ensure continuity of education, most countries turned to emerging trends in educational technology. This shift has set off an unplanned transformation across the world; opening up new avenues for the EdTech business.
The key factors that have triggered the digitization of education globally are:
By 2025, the education spending is expected to touch a whopping 181.3 billion worldwide. This has unlocked many possibilities for EdTech Innovators who want to make the most of this progressive education model and maximize their ROI.
Here are a few of the key trends that will drive the development of the EdTech industry in 2021 and beyond:
Let’s take a look at how these new trends have translated into real-world use cases:
SaaS-based Childcare Management and Learning Platform
An Australian EdTech company wanted to develop a unified childcare management system. It would manage daily business operations and modernize children’s daycare activities. The idea behind this was to simplify end-to-end business processes and encourage self-paced learning among students.
Team Rishabh developed a SaaS based comprehensive child care center management software. The developed platform resulted in a ~50% increase in operational efficiency, more than 20% increase in student registration and significantly higher parent satisfaction.
Hyper-Personalized Self-Learning System
An NZ-based EdTech company wanted new growth openings to reach a wider audience. The idea was to create a VR-based system that would offer an immersive learning experience for maximum retention. The new language learning app is enabling students, travelers & business people with life skills required to thrive as global citizens.
The virtual reality based learning app offers multi-language support and sets apart the content into 3 levels – beginner, intermediate & advanced. The solution yielded 50% more user engagement and a complete automation of custom report creation.
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A combination of education software development expertise and experience enables us to address the challenges of tomorrow. We help entrepreneurs & educational institutes to implement EdTech solutions that are in-sync with the future needs of the education ecosystem.
EdTech’s time has come and the coronavirus has certainly accelerated its adoption. With digital innovation taking center stage, there is no doubt that the education sector will transform for the better.
Well before the pandemic, the EdTech expenditure was already set to grow at 15% CAGR 2019-2025 and reach over USD 400 bn by 2025. While the US may have set the trend, emerging markets like Asia have picked up pace, exhibiting accelerated growth in a short span. The market is only beginning to boom and there are plenty of opportunities for investors.
Today, more education-inclined startups are entering the market with the help of reputed software development companies like us. As a company experienced in creating custom solutions, we understand the business and technology challenges you have. That’s why we have the right resources to help you prepare for growth. We are happy to answer all your questions to help you navigate through. Together, we will bring your vision to life and create experiences that surpass your expectations.
We enable businesses to become resilient and unlock revenue with custom EdTech solutions.