Today, we can no longer rely solely on traditional educational approaches. And the reasons are pretty simple. Many students in remote or underserved areas need better access to education. More learners are seeking personalized experiences that align with their needs, styles, and pace. Plus, there is a demand for advanced and innovative teachers who use the latest strategies and tools.
EdTech trends are picking steam: personalized learning, immersive learning, AI, and chatbots are reshaping education. There is always something new going on in this area.
That’s why it’s important to keep a keen eye on emerging technology trends in education. Experimenting with the latest learning methods and implementing different tools and technologies can give you an edge over competitors and better meet learners’ needs.
What matters for your business in 2024? Here are some of the biggest educational technology trends you should consider.
The Evolution of EdTech: Let’s Look at the Numbers
The value of the global EdTech market in 2023 was $340 billion, and it’s just the beginning. From 2023 to 2027, this market is expected to grow to $605 billion, with an annual growth rate of 15%.
The largest share of this market belongs to North America, which accounts for 35% of global revenue. This rapid growth is driven by significant investments in EdTech.
The Asia Pacific region tries not to lag behind with 19%. Here, the development of EdTech is associated with an increasing number of smart devices. Europe, Latin America, and the Middle East are also expanding, but at a slightly slower pace compared to Asia Pacific.
The number of EdTech companies is growing rapidly. Currently, there are 28 EdTech unicorns globally, most of which are based in North America. Examples include Quora, CourseHero, Quizlet, and Articulate. They keep growing by adopting innovations and tech trends.
Ready to transform your business? Embrace the latest EdTech trends and unlock new opportunities with Forbytes’ expert help!
Top 7 EdTech Trends to Embrace for Your Business in 2024
Today, education is not the same as it was decades ago. It is fueled with the latest technologies and tools that make it constantly evolving. That’s why it can be difficult to keep up with the latest trends. To help you out, we’ve compiled a list of EdTech trends that are currently shaping the learning world. It’s up to you to choose which ones to adopt to drive your business and open new opportunities.
Artificial intelligence: a new frontier in education
In 2024, AI continues winning in education by opening up new perspectives and posing challenges to traditional teaching methods. The use of AI tools proves the need for new approaches to learning.
According to the Forbes’ survey, 60% of educators have already integrated artificial intelligence into their teaching. What does it mean and what perspectives AI will bring?
First, artificial intelligence contributes to the personalization of learning. Educators can adapt their methods to meet students’ individual needs and boost their motivation. Second, AI can save teachers’ time by handling routine tasks such as creating schedules, plans, and grading tests. Third, AI speeds up content generation, allowing for the creation of tasks, schemes, and presentations. Finally, thanks to this EdTech trend, educators can design more interactive lessons and make online learning more engaging.
Chatbots as virtual assistants for teachers and learners
Chatbots are virtual assistants for teachers and learners. They simplify teachers’ workloads and help students by providing access to educational materials. AI chatbots provide real support and assist with solving challenges. They are available 24/7; so learners can reach them anytime.
Even though chatbots offer many benefits in education, there are some challenges. These include the need to keep their programs updated and the protection of data privacy and security. In the future, chatbots might become more advanced and better at learning from data, which could enhance the quality of education and the learning experience.
From datafication to learning analytics
Another trend in education is datafication, which allows for analyzing student data and improving teaching methods. Big data in education involves turning learning into data which enables the visualization of educational strengths, weaknesses, and opportunities for further growth. This approach paves the way for building strategies to boost student performance and academic engagement.
One of the perks of learning analytics is personalized learning, which tailors educational experiences to individual needs. By diving into data about students’ academic experiences, educators can identify gaps, motivate learners, and address other challenges.
Immersive learning for better engagement
Immersive learning is another EdTech trend worth considering. It involves stimulating real-world scenarios to make training more effective and engaging.
It’s no surprise that companies like Verizon and Walmart are using virtual reality for training. When employees use VR headsets, they feel like they’re really working, practicing both job skills and soft skills. Data from VR training helps companies improve their methods and performance. Plus, studies show that immersive learning boosts engagement, readiness, and knowledge retention.
Blockchain for more engaging education
Blockchain is changing how we manage academic records by creating secure, permanent ledgers for transcripts, diplomas, and test scores. Smart contracts can help set assignment deadlines and manage student loans more efficiently. Imagine earning cryptocurrency for excelling in your classes or paying off loans on time – this would definitely motivate learners.
Educational organizations are eager to use blockchain technology in online learning. Companies like BitDegree and Blockcerts are at the forefront, employing blockchain for courses and credential verification. It’s all about transparency, accountability, and making education more engaging and efficient.
Digital Twins for interactive learning
Digital Twins is a new technology in education that uses augmented reality and VR to create immersive learning experiences. Instead of just watching a video, you can practice using a lathe machine in a full simulation where you see everything from every angle.
This EdTech trend is being applied in fields like cooking and engineering, making learning more hands-on and interactive. It turns online lessons into virtual trips where you actively participate, not just observe. More universities are adopting this trend, making remote learning more engaging, interactive, and realistic.
Gamification of education
According to the latest report, the educational games market experiences significant growth. The value of the market in 2023 was $11,5 billion, and it’s just the beginning. By 2032, it is expected to reach $97 billion with an annual growth rate of 40%.
This growth is driven by the increasing preference for personalized learning experiences and the effectiveness of game-based learning. In EdTech, gamification offers many benefits. For example, rewards boost learners’ motivation, while challenges keep users engaged and focused on completing tasks. Successful examples of gamified learning include Duolingo, Brilliant, and Unacademy.
If you want to explore these EdTech trends, reach out to our team. We can help you advance your approach to education.
How EdTech Trends Will Change the Nature of Education
EdTech trends are not just temporary fads, they will root deeply in education and transform its nature. Increased investments in the education industry, the integration of the latest technologies, and the emergence of innovative learning methods are inevitable changes.
Reaching a wider audience and enhancing access
Educational technology trends are changing education by reaching more people and making it easier for everyone to access. This means developing flexible solutions that meet different needs and ensuring technology is available to a wide audience. By considering things like location, income, and device access, EdTech can make high-quality education more inclusive and accessible. For example, the more personalized learning, the more likely people are to engage with it.
Fostering diversity
Embracing diversity within EdTech is crucial for its success. Companies that prioritize gender, racial, and ethnic diversity are more likely to exceed industry standards. Diverse teams are better at making decisions, highlighting the importance of inclusivity.
Datafication in education helps companies conduct annual diversity surveys to track metrics like gender, race, pay equity, and employee retention. This ensures that their own workforce reflects the diversity of the people they serve, leading to fairer and more representative solutions for all learners.
How We Can Help You with the EdTech Renovation
At Forbytes, we offer e-learning software development services. From e-learning apps and virtual classrooms to educational management systems, we can build unique learning solutions.
First, we can automate learning management processes to reduce paperwork, increase efficiency, and reach higher effectiveness of learning.
Second, we help foster professional growth by offering quality educational services to your team tailoring to your needs, business goals, and brand identity.
Third, we can assist in building learner-friendly spaces with the help of custom e-learning development. Finally, we offer e-learning for commercial goals to help you quickly start a new business and earn from it.
At Forbytes, we also can education software development services by creating innovative solutions based on advanced education practices and methods. We can build employee training software to help you with employee training and develop language-learning apps that will take top positions in app stores. We have many options to offer and can help you choose the most relevant solutions for your business.
Final Thoughts
All in all, the emergence of numerous EdTech trends demonstrates that education doesn’t stand still and embraces innovation and advanced technologies. The EdTech business has become profitable and promising, providing the ground for new startups.
The presence of EdTech unicorns indicates that education will no longer be the same as before adopting tech trends. Businesses are embracing these trends for innovative solutions, personalized learning, and new teaching and learning methods. This approach ensures a more qualified and skilled workforce committed to continuous learning.
If you’re seeking a reliable education software development company, our expert team will gladly help to build EdTech solutions for you. Feel free to contact us to discuss how EdTech can elevate your business!
