Forecast through 2023: How are Emerging Data Analytics Trends Shaping Edtech Around the World?

The global pandemic prompted the closure of schools worldwide, and even after a span of two years, countries continue to face challenges in maintaining uninterrupted education amidst uncertainties. Without a clear vaccine protocol, traditional face-to-face learning took a backseat and gave rise to online learning as the predominant mode. Many schools across the globe view a return to physical classrooms as a distant aspiration.

Edtech has emerged as a valuable tool, aiding students and professionals in pursuing learning at their own pace through tailored curricula. Edtech offers numerous advantages, including widening access to education, contributing to the growth of the knowledge economy, and enriching curricula to align with industry-relevant skills.

Today, edtech goes beyond mere digitization of textbooks and training materials for educators. It is revolutionizing the learning landscape by developing innovative frameworks for education delivery. The upcoming wave of edtech innovations has the potential to transform how education is sourced, imparted, and consumed. The global edtech market is witnessing fragmentation with various players vying for market share. Key players in the edtech sector, such as BYJU’S, Duolingo, Inc., and Yunafudao, are profiled, along with their financial information and business strategies.

The Global EdTech & Smart Classroom Market is projected to reach a valuation of USD 333,327.91 million by 2027, with a compound annual growth rate (CAGR) of 21.78% from its 2021 valuation of USD 102,166.79 million.

Now, let’s explore some informative statistics concerning current market assessments:

• The size of the Americas EdTech & Smart Classroom Market, which was estimated at USD 37,005.81 million in 2021, is expected to reach USD 44,208.97 million in 2022 and USD 117,889.90 million by 2027.

• The Asia-Pacific EdTech & Smart Classroom Market, valued at USD 28,255.26 million in 2021, is predicted to increase to USD 34,699.50 million in 2022, with a CAGR of 22.40%. The market is anticipated to attain a valuation of USD 95,029.96 million by 2027.

• The Europe, Middle East, & Africa EdTech & Smart Classroom Market, previously assessed at USD 36,905.71 million in 2021, is projected to reach USD 120,408.04 million by 2027. The market is expected to reach USD 44,623.43 million in valuation in 2022, with a CAGR of 21.78%.

While the education sector is still in its early stages of development, it displays promising growth prospects ahead. Technological innovations serve as the driving force that keeps education systems functioning globally. With technology-enabled remote learning becoming an integral part of education, the global edtech market is poised to experience substantial expansion.

Data analytics is playing a pivotal role in reshaping the edtech industry. By integrating data analytics, edtech platforms are able to deliver innovative learning experiences, enhance teaching methods, and assess student progress effectively. This integration enables personalized learning, identification of learning gaps, and evaluation of intervention efficacy.

Read More:- https://us.sganalytics.com/blog/data-analytics-trend-in-edtech-industry/