With every aspect of our lives changing with the advancement in technology, it is inevitable to see the education technology industry evolving with the COVID-19 led digital transformation and beyond. The year 2020 has brought about major changes in the way education is being imparted, and technological equipment such as augmented reality and virtual reality, or digital games, and what not are being tested for future adoption to offer a more engaging and impactful learning experience to the learner.
In India, the teacher-student ratio is always on the unhealthy side, and so it gets quite difficult for teachers to give individual attention to the student. Thus, students end up taking additional coaching classes to understand and learn the subject.
Nevertheless, with the change in consumer behavior, especially in parents who have higher disposable income, the education technology start-ups are substituting coaching classes, by offering customized, personalized, and round the clock content for the sustainable growth of the child.
According to a KPMG study, currently, India is home to over 3,500 EdTech start-ups, and online education in India could be worth $1.96 billion by 2021.
Tech trends that will reshape the Indian EdTech industry in 2021
While the Coronavirus pandemic has already brought about major changes in the EdTech universe, 2021 has in store several technological advancements that will further evolve the way online education systems work. Here are a few tech trends that will reshape the Indian EdTech industry in the coming year:
Gamification: The future of education technology revolves around the concept of offering appealing concepts to learners of all ages. Thus, the adoption of gamification technology in the form of simulation of concepts, incentive-based learning, level advancement badges, likes and more will gain popularity to drive user engagement and enhance the experience. The integration of such technology will help develop and design a more customized offering by analyzing and evaluating the individual more thoroughly.
Big Data and Artificial Intelligence: Every learner has a different learning rate, capacity, and ways/tactics of grabbing information. Hence, to analyze, understand and curate custom content, practices and tests, big data and artificial intelligence will play a big role.
The education technology industry is continuously adapting to the changing needs of the learner, and this move will help target a larger group of audiences, and will further help form strategic associations with schools, colleges, and educational institutions in the long run.
Integration of Wearable Devices and Virtual Labs: Experience is everything. Online education is presently not capable of providing an in-person experience but, it is capable of creating one by integrating and adapting AR/VR technologies via wearable devices and by designing virtual lab experiences where students interact with an experimental apparatus or other activity via a computer interface.
Though virtual laboratory experiences have worked for several industries, it is still in testing phases due to its limitations. However, digital transformation has nudged the technological industry towards developing a more robust environment, and it is amongst the top trends to look for in 2021.
Cloud Data Storage: To offer enhanced accessibility from any device, anytime and anywhere, the EdTech organizations will incorporate cloud technology. The content for any course can be viewed and accessed from any device Smartphone, Tablet, personal computer, or others, any time day or night, and anywhere wherever the user is, India, Australia, or Europe.
With over 260 million students, India has a multi-layered formal education system governed by state and central bodies, and informal education via coaching classes, vocational education, and multi-media or technology-based educational courses aid as a supplement to formal education.
Online education in India is expected to grow to $1.96 billion over the next 5 years, driven by increased consumer adoption supported by macroeconomic changes, technological advancements and adaptations, and improvements in product offerings.