siliconindia | | APRIL 20238The EdTech industry in India is moving fast with an estimated market value of $10.4 billion by 2025 with 37 million paid EdTech users. EdTech scientists are witnessing a massive rise in growth of the sector for non-academic courses in second and third-tier cities. The explanation cited by the EdTech industry in the past five years is stated to have raised almost $4 billion in private investment. This has brought upon global EdTech leaders such as Byju's which is valued at $15 billion to reach the top success pinnacle. It has also been seen in the market leaders that are emerging with education startups including Unacademy, upGrad and Vedantu and more. With a market size of $700 million to $800 million in 2021, the EdTech industry is projected to become a $30 billion industry in the next 10 years, which is driven by the burgeoning demand and emerging business models.Online Education: The advent of the pandemic has catalyzed the development of online education. The lockdowns have led to a massive increase in investment in the EdTech sector because of the growing propensity of students and parents for getting an education from home with the help of different online educational platforms. It is common among students to study in schools and colleges which are thought to be pretty attractive. The online education projects entered and now it is an experience for engaging with investors in the local market.Indian EdTech: The EdTech industry in India has grown with phenomenal achievements in the last few years while making India the edtech capital of the world. The private sector is playing a key role with the public sector and acts as a facilitator. The education sector in India saw a boom in the EdTech funding during the pandemic and there are certainly some advantages of edtech over the conventional learning that is to be considered. It is time for deciding the new normal for the education sector. Educators, parents and students are standing with complains about the one-size-fits-all model of conventional schooling. Edtech provides specially tailored classes and access for content at a pace with which students are comfortable. Students receive personalized recommendations which are based on data on the previous learning patterns and performance. Students that are excelling at studies would no longer be hamstrung by teachers that are catering to the lower and nodal level of the class. Students that need extra support and benefit from a slower learning pace that could receive the appropriate care. EdTech is helping students prepare for competitive examinations and industry reports found that the success rate went up to almost seven percent EDITORIAL EXCLUSIVEWHAT DOES INDIA'S EDTECH INDUSTRY HAVE IN STORE FOR THE FUTURE?
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