With education going digital, EdTech startups are making a lot of money.
FREMONT, CA: The education industry is today being driven by technology. This shift in the industrial paradigm is more or less a way to respond to the adverse impact that has been brought about by the pandemic due to the novel COVID virus. Be it distance education, higher education, or even kindergarten, the wave of digitalization has been the energy pill that is constantly boosting the success of education technology startups. The present scenario of the education space is fully encouraging a large number of innovations, and this is precisely what is catalyzing the education technology startups.
Sources state that the education tech market is expecting a huge surge in its market value by growing eight times faster to reach $1.96 billion by the year 2021. Modern educators are looking for techniques and solutions that would help them excel in sailing across the stream of digital education norms. In the wake of the need for online tools for conducting tests, assessing the performance of the students, and delivering seamless lectures or lessons, the education tech startups are increasingly finding newer ways to craft creative and high tech tools and solution to make the process of teaching and learning smarter than ever.
Apart from the academic podcasts, intelligent test evaluators, curriculum designers, digital blackboards, online live sessions and smart notebooks, a lot of education tech companies are evolving their ideas and thought processes by mapping their offerings to the requirements in real-time. This stands as the key to helping tech companies gain more and more educational institutions as their clients. From developing an app on a smartphone or any other mobile device to enabling a fully virtual and digital classroom setting to give a tangible and original experience for both the teachers and students, the tech innovations in the field of education have no bar at all. All this pout together, the education tech companies are accessing an increased level of revenue than ever before.
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