How Ed-Tech Industries are Booming in India
Computer-based training was introduced in the 1970s and the roots of e-learning emerged from there. Ed-tech is not only online learning, it includes the aim of improvement of efficiency in the education process with the help of digital tools.Computer-based training was introduced in the 1970s and the roots of e-learning emerged from there. Ed-tech is not only online learning, it includes the aim of improvement of efficiency in the education process with the help of digital tools.Computer-based training was introduced in the 1970s and the roots of e-learning emerged from there. Ed-tech is not only online learning, it includes the aim of improvement of efficiency in the education process with the help of digital tools.
Overview: India Ed-tech Industry
Ed-tech is a merger between Education and Technology as a combination of hardware and software improves the quality of teaching and learning. Ed-tech is a brief of Education Technology that mention of new technology performed in the classroom. Some examples of Ed-tech are interactive classroom projection, whiteboards, online study content.
The main motive of the Indian Ed-tech Industry is to upgrade student results, amplify Individual education and reduce the number of instructions given by teachers.
Our Learners Also Read: Top 10 Indian EdTech Startups 2022
How are they growing in India?
- Technical advantage – Ed-tech is empowered with advanced technology such as artificial intelligence (AI), and machine learning (MI), with more offerings with AR and VR embraced technology makes E-learning more fun and effective.
” Cost-efficient – Ed-tech education is comparatively low in cost from traditional education. Ed-tech is more affordable and there are many online learning platforms.
” E-learning is promoted by the government – The Government is promoting online learning through various strategies like SWAYAM and DIKSHA
“ Increasing Interest user base – There are an estimated 624 million active internet consumers in India. This offers a humongous growth opportunity for ed-tech, there are several audiences for this service.
“ A growing number of startups – There are moreover 6950+ online education startups in India, with a grasp of technology to offer the services which are needed, and it offers adaptive learning platforms and online classroom learning systems.
” Language versatility offense – The abundance of different language offerings is a key factor of Ed-tech, it separates the language barrier and offers a global approach to its leverage.
Benefits of the Ed-Tech Sector
” Below are some of the benefits of the ed-tech sector – New Experience of Education- Custom-designed learning for every student, AI-based platforms help identify knowledge gaps, absorb the pattern and understand how students learn, and tailor the course to be most effective.
” Long-term learning and development– We can expect around 140 million people will go to college by 2030. And it can be expected that there will be high demand for advanced skills or newly introduced skills. The skills will concentrate on analytics, digital, cyber security, etc.
” Flexible cost of education– We have what it takes to offer learning models at different price ranges. Students from socio-economic backgrounds will find it extremely helpful.
” Increase Employment- This sector will require a huge number of teachers; content writers, marketing professionals, etc. Experience around 3 to 5 and 6 to 10 will be in high demand.
” Economic Contribution– The preparation for tests and certification courses online are expected to account for a big portion of the online education market system.
Popular Ed-Tech Companies in India
There are few popular ed-tech startups in India like –
BYJU’s
Unacademy
Vedantu
The IoT Academy
Brainly
Upgrad
CollegeDunia
Cue Math
Edukart
Edkeeda
How did the Ed-tech industry grow all of a sudden?
The answer is simply due to the COVID-19 wave. This wave acted as a catalyst and left everyone with no other choice than online education. Everyone had to follow the norms of online education and the ed-tech industry kept growing.
Future of Ed-tech Market
You must wonder what will be the ed-tech market growth after five years. We believe the grip of ed-tech over students will tighten day by day. In this time of high competition, students will realize that traditional methods can’t support them as much as ed-tech. We expect a rise in the growth of the online education industry in the next five years.
Why is Ed-tech getting more preference day by day?
” We all are humans and we all are different ed-tech understands this very well. So, it allows you to study by the method most comfortable for you audiovisual way or classic reading get every facility.
” Study during the time most suitable for you with ed-tech. We offer you to get the experience of studying at the best time and pace.
” Earn certificates more easily spending less money. As it consumes less money so you can satisfy your hunger for education.
Now worry less and join this era of technology. Get your education the way best suited for you. The IoT Academy serves the best when it comes to queries related to emerging technologies. With dedicated mentors at work, you can pursue your dream job in a related field.
