The year 2021 has witnessed a paradigm shift towards EdTech which is believed to strengthen in 2022. Research suggests that digital learning has gained s strong foothold. A survey by population census has revealed that around 250 million students are enrolled in schools. This shows that 36 percent of India’s population is young and studying.
With such a large number of learners, the market for education is huge and has an immense potential to grow. Experts have projected that the online education sector will reach 11.6 billion by 2026. This indicates that the EdTech revolution will prove to be a permanent solution.
Online education has played a critical role in accelerating the globalization of education. Many employees will get increased salaries if they upgrade their skillset through online programs offered by EdTech startups. The well-known e-commerce company Amazon has introduced its computer education programme in India with an aim to identify and train 1 lakh students for future job options in its organization. The Indian Institutes of Management (IIMs) will be offering in-demand online courses in spheres including digital marketing, product management, finance, and operations for working professionals.
A report by KPMG shows that India has the second-largest market for online education which is expected to grow largely in the coming years.
