August 4, 2021

International Feature: Pandemic Accelerates Higher Education Space Towards Education 4.0

India has seen an exponential jump in the adoption of EdTech and is on the path to global standards as far as access to technology, devices and infrastructure are concerned.

At present, India has seen an exponential jump in the adoption of EdTech and is on the path to global standards as far as access to technology, devices and infrastructure are concerned. While the EdTech space has been growing at a steady pace, the COVID-19 pandemic has accelerated this growth making way for a massive expansion in the sector. Today students have access to global resources, and it is only a matter of time when there will be a shift from local to global, from a student’s perspective. Hence, it is imperative that the higher educational institutes in India adapt to this changing behaviour and needs. Today, India finds itself in the global EdTech index with the cities of Bangalore and Delhi getting into the 7th and 14th position in the global ranking. As per the reports by Indian venture capital associations, the volume of funds going to educational technology (ed-tech) companies shot four times to over $2 billion compared to $550 million the year before.

The Edtech market is estimated to grow by 3.7 times in the next five years from USD 2.8 billion (in 2020) to USD 10.4 billion (by 2025). In India, the sector is predicted to grow to around USD 30 billion in size in the next 10 years, as per a report released by transaction advisory firm RBSA Advisors.