EdTech Summer Report 2024

Changing Demands in Education

Key Trends

Overview

Digital preference over printed content for the following reasons: • Digital content is easier to generate, comes and in audio and visual form, and scales better than printed content • Digital content is available in different languages and can be easily translated and retrieved by a wider user base Nano learning targets today's learners' busy schedules and short attention span. • Nano learning maximizes retention and engagement by breaking down complex topics into digestible and focused learning units • Smartphone apps like Duolingo and Quizlet enable nano-learning through short sessions at any time of the day

Growing Digital Education Solutions

Nano Learning

Digital experiences drive more user-engagement. • AR/VR, AI and IoT implementation leverages gamification and interactive experience to their customers • Zspace, Inc. has created a new AR/VR solution that allows students to learn multidimensional content

Evolving Technology

Asynchronous education helps professionals and students learn in-demand skills at their own pace. • The job market seeks specialists, driving demand for asynchronous education tools — practical courses, boot camps, and certifications. • Interactive whiteboards, simulation-based learning, SD cards, laptops, and tablets significantly drive hardware sales and EdTech revenue. • Technology-enabled services are expected to expand owing to the rapid developments in online education and hybrid learning.

Asynchronous & Hybrid Education

12 Source: Grand View Research, market. U.S., Thinkific, Forbes

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