The Indian edtech sector growth is is projected to expand at a CAGR of 25.8%. Set to revolutionise traditional learning methods & drive remarkable growth.
Currently valued at $7.5 billion, the sector is expected to reach an impressive $29 billion by 2030. With over 100 million paid users, it’s the fastest-growing subsegments.
This ranges from skill development & K-12 education to test preparation & online certification. Prominent edtech companies include PhysicsWallah, LEAD, Eruditus, upGrad & Vedantu. These have already achieved the “edtech unicorn” status.
Thus, underscoring the dynamic & transformative potential of the Indian edtech sector.
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The Indian edtech market is a rapidly evolving and transformative industry. Especially with the fast adoption of digital tools & online learning platforms. With the aim of democratising education across the country.
Seeing exponential growth over the past decade, the sector is driven by technological advancements. Alongside increased internet penetration & a growing demand for accessible, high-quality education.
The table below touches in brief on all the key aspects of this industry. It also lists down the trends/tech innovations driving the Indian edtech sector growth.
1.Offerings: K-12 Education Test Preparation Skill Development Online Certification Higher Education | 2.Technological Innovations: Artificial Intelligence (AI) & Machine Learning (ML) Augmented Reality (AR) & Virtual Reality (VR) Gamification Big Data and Analytics | 3.Challenges & Opportunities: Digital Divide Quality Assurance Affordability |
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Subscribe to our LinkedIn NewsletterTL;DR
The Indian edtech industry is dynamic & rapidly evolving. With the potential to transform the education sector/landscape of the country.
By leveraging technology, it is empowering millions of learners. Ultimately, contributing to the development of a skilled & knowledgeable workforce.
As the sector continues to evolve, it will play a pivotal role in shaping the future of education in India.
Source: Invest India.
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