MAY 202119Since the concept is new, it is still picking up pace. But experts believe that it will soon occupy a major share in the education market. Not only has the traditional educational system taken the digital route but the preference for online courses has also witnessed a surge. Present scenario and trends As per IBEF, India is the second-largest e-learning market after the US and the Indian online education market presently stands at $247mn as reported by KPMG. The Ed-tech firms have witnessed a rise and institutes are now imbibing the use of cloud-based technologies for student relationship management (CRM), learning management systems (LMS), assessment management, etc. to provide top-notch learning to the students surpassing all barriers. With the e-learning concept, video-assisted and self-paced learning as per the comfort and convenience of the learners is also rising. Ed-tech is witnessing a surge owing to the plethora of benefits it offers-· Innovative teaching method- Ed-tech enables interactive, interesting, and innovative learning for the students via multimedia and tech-savvy solutions. It also empowers the teachers to create specific courses as per the requirement of the students · Collaborative teaching- Ed-tech has led to the formation of a collaborative environment between the students and the teachers wherein they connect, engage, discuss, and collectively resolve issues· Seamless remote learning process- Ed-tech has brought the wave of remote online learning thereby making the educational process flexible and seamless. It also ensures the curriculum is interactive and engaging so that the students can gather optimum knowledge and absorb it effectivelyThe road aheadAs per KPMG's report, India's online education market is expected to grow $1.96 billion and will have around 9.6 million users by 2021. While the primary and secondary supplemental education will be the largest category in 2021 at $773 million growing at a CAGR of 60%, the massive open online courses will witness a surge. Future technological trendsThe ed-tech industry will boom in the coming times and will witness various technological advancements. While blended learning will become the new norm, the major tech trends ruling the ed-tech industry in the future are-1. Blockchain technology- It will facilitate smooth exchange of relevant information amongst students and institutes thereby ensuring a collaborative environment. With the abundance of data storage space, the requisite data will be encrypted and distributed so that it can be accessed via multiple systems and devices. This technological solution will also ensure
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