The education sector has changed drastically over the past few years. The top EdTech market trends to expect in 2022. The global investment in Edtech has increased from $500 million to $16.1 billion over the last decade. As per forecasts, the knowledge economy is expected to cross $377.8 billion by 2028. The reason is emerging technologies and changing needs of the students. The Covid-19 pandemic has altered the educational topography, as the Edtech market witnessed a growth of 21% year-over-year till 2020-21. In many circumstances, it indicates school/college/university closures and a mass shift toward online learning.
As the internet and social media continue to dominate a greater section of people’s lives, it is deemed to become a huge part of education too. So what is next in Edtech? How will it transform and evolve in 2022? And what are the top Edtech market trends to watch out for in 2022?
Integration of AR (Augmented Reality), VR (Virtual Reality), and Extended Reality (XR) :
Garnering a learner’s focus and attention on a particular topic is a major challenge in the online mode of education. 2022 will witness more innovations to facilitate interactive learning. The integration of VR, AR and XR technologies offers students a real-time 3D experience in conceptual learning.
These technologies have also eased the learning of practical subjects, allowing students to virtual travel to museums, landmarks, etc. And the building of virtual laboratories for science and technology students. Such virtual experiences have allowed students to take global field trips, sharpen their cognitive abilities, and engross themselves in immersive learning from homes or classrooms.
In a School ERP Software, Classroom Record Management is a key module. It includes the tools to record all classroom activities include Students Attendance, Teachers Lesson Plan, Teachers Log, Assignment, Assessments, and Feedback.
Making learning an intriguing experience is an important objective of gamification. As it is an effective way to drive students’ interest in a topic that otherwise they might not be interested to learn. Breaking down lessons into shorter tasks or levels, offering performance-based grades/ranks/badges, using flashcards, and publishing leader boards are some of the gamification strategies deployed in online education.
Several companies such as Abcya, Minecraft, Duolingo, and Brainscape are using gamification to enhance the learning experience. The gamification market in education is expected to rise at a rate of 29% between 2021-27. It is one of the major Edtech trends to watch out for in the coming years.
Artificial Intelligence :
AI-wired applications such as NLP (Natural Language Processing), RPA (Robotic Process Automation), and ML (Machine Learning) have become exponentially popular and penetrated across industries. As they have enabled EdTech companies to develop interesting solutions like customized experiences and more. The companies use AI to fill gaps in student knowledge and offer learning material to students at the right time.
AI-wired chatbots or AI tutors enact as classroom tutors. And can help students with their doubts and clarify concepts. Considering the limited availability of human tutors, AI tutors are accessible to students 24*7. AI tools have also automated tasks such as recording attendance and executing the enrollment/admission process. The AI market for education is estimated to reach $6 billion by 2025.
Blockchain is an emerging trend in the EdTech space. It offers a safe, decentralized, and translucent ecosystem for education. Blockchain helps in connecting learners and faculties to relevant resources and courses. Blockchain also helps students and organizations to secure important documents and records (such as mark sheets, certificates, admission, payment details, and attendance). With the advent of Blockchain, human tasking could be eliminated.
Big data and learning analytics:
The use of big data to enhance the virtual learning experience is termed ‘learning or data analytics. Learning analytics could be of immense benefit to an organization. The top EdTech market trends to expect in 2022. As it helps to monitor learning progress, track gaps, and discover patterns. The data analytics help Edtech companies to understand the student needs by offering insights on how students learn and behave. As a result, companies are able to develop products/services that align with student needs.
The EdTech industry is growing at a fast pace, and it is difficult to predict which of the above trends would bring in the largest change in education. Some of the trends could be a result of technological progress while others could be in response to customer preferences. With intriguing leaps in pedagogy bought in by various EdTech trends, it is important for educators to promote an agile learning platform. Book a demo.