The global EdTech market is expected to have a growth of more than 38 billion USD by 2027 compared to 8.76 billion USD in 2019. Online learning constantly evolves and offers unprecedented opportunities, especially for Covid and post-Covid era. But where exactly is eLearning going and what are the main trends we now witness in the EdTech industry?
1️⃣ Big Data
Data provides eLearning specialists with food for constant improvement and content optimization aimed at better learning experience. Data collected can be analyzed in a variety of different ways. Based on the data analysis many eLearning platforms can now offer insights on student learning gaps, strengths, weaknesses and generate personalised data-driven advice to help students progress.
2️⃣ Artificial Intelligence
Opportinities AI opens for students are countless. AI helps create a personalized learning environment. It allows to adapt the curicculum to the learner’s pace, allowing them to select their own learning path, set personal goals and milestones. When learning a foreigh language, AI's speech recognition and natural language processing can help dramatically improve speech skills. When it comes to choosing the right career direction, AI can assist students in overcoming their dilemmas and predicaments.
3️⃣ Augmented and Virtual Reality
AR and VR eplicate the physical world digitally and provide extremely accurate subject-oriented experiences in various disciplines including biology, astronomy, geology, and others. It makes learning more efficient thanks to a higher level of engagement and fun.
Delivering learning content in small portions, with emphasis on a particular subject/skill improves retention and results in more significant progress. Length, Focus, and Variety are the pillars for microlearning, giving students the opportunity to find time for learning.
5️⃣ Mobile learning
In the last 5 years the number of smartphone users grew from 2.7 billions in 2017 to 3.8 in 2021 - almost a half of the population, while the actual time we spend using phones increases exponentially. Mobile learning provides flexibility, ease, comfort, and mobility. It’s the most efficient way to gain knowledge on the go.
A few years back everyone was talking about gamification and chatbots as a future for eLearning. While these trends actually proved to be indispensable for many EdTech platforms, it’s becoming clear that the industry now strives to an even higher degree of personalization and engagement makeing use of cutting-edge technologies to achieve that. Now the learners just need to actually find time for consuming the content, the rest seems to have been taken care of.
Here at Radency we help EdTech companies build advanced eLearning platforms. Apart from extensive technical expertise, we offer product management services to not only build the product right, but also build the right product. Want to build your web or mobile LMS, extend current functionality or advance your product with AI? Radency will get you covered.