Technologies For Ed-Tech Businesses 2024: A Complete Guide

Technologies For Ed-Tech Businesses 2024: A Complete Guide

Technologies For Ed-Tech Businesses

In the past few months, it’s become clearer than ever that technology is changing education at a speed that has never been seen before. Many business owners and educational organizations have moved away from the old edtech business model and are now using the newest technologies in their operations.

At the same time, a lot of venture investors are now interested in EdTech startups. It has been found that VCs put about USD 1.7 Bn into 105 deals in the edTech market in 2019.

This has not only caught the attention of business fans who were unsure how to get into the edTech space, but it has also inspired entrepreneurs to use cutting-edge technologies to improve their current businesses and take advantage of this profitable business model.

Assuming you are one of those people, this piece will give you a full list of the technologies that are changing the way lessons are taught. 

But first, it’s a good idea to look at the current state of the edTech trends market to get a better idea of how technology is changing the education field.

Table Of Contents

A Look Ahead at the Current EdTech Market 

  1. What used to be controlled by chalkboards and books is now a market for tech-based answers. In the last ten years, technology used in schools has grown by more than three times.
  2. There are more edTech businesses in the US than in any other country. India, Brazil, the UK, and China are next in line.

     3. about 89% of teachers knew that technology was an important part of their daily lives and should be used in the classroom.

  1. According to a study from RS, an electronics service distributor, 50.8% of teachers said they knew what edTech was. Another 35.6% said they had heard of it but weren’t sure what it meant, and 13.6% said they didn’t know either. This looks like it means that people are slowly getting used to edTech and will soon be using it a lot.

how much people know about edtech

  1. More than 89.6% of teachers agree that technology can help keep kids interested in school. 

      6. About 82.7% of teachers agreed that technology helps them do their jobs better. 

  1. Between 2018 and 2020, the school’s budget for technology went from 3.9% to 15.5% of the total budget. It’s now clear that technology has become the fourth most important area to spend money on. 
  2. In the past year, the number of school leaders who say that technology has changed education has doubled, from 17.6% in 2018/19 to 40.9% in 2019/20. 

How technology is used in schools now

  1. company owners who already have mobile apps are working to improve different parts of their company model, such as why business owners are focused on edtech

technology is used in schools now

   10. HolonIQ says that between 2010 and 2019, the amount of money invested in edTech companies rose from USD 0.5 Bn to USD 7 Bn. People think that the spending will triple in the next ten years. 

  1. An Internet and Mobile Association of India study says that freemium monetization is the main way that educational companies make money. Users are ready to pay for good answers, as shown by this. 

The edtech business models that CEOs like

CEOs are more likely to look into how technology affects education and invest in an education app development company because of these kinds of numbers and studies. They have inspired them to think about how to bring the newest and most cutting-edge technology into the school system. This has made them even more interested in the top technology trends in education for 2021.

We’ll talk about a list of them in the next part of this piece.

Top 10 Technologies That Rule the EdTech Field

technologies that are making the education business better

1. AI, or artificial intelligence

Artificial intelligence is the most important tool in the education system that is changing everything. The use of AI in education could change how students learn and how teachers teach, leading to more personalized learning experiences and better results across the board.

This is something we talked about in our story about how AI affects businesses: AI helps make content, customize learning, evaluate performances, make sure communication happens in real time, automate grading, get more leads, and more. 

Because of this, the world market for AI in education will be worth USD 3.68 Bn by 2023, growing at a rate of 47% per year from 2018 to 2023.

2. The Internet of Things

The Internet of Things (IoT) will also grow very quickly in the next few years in the edTech startup business.

With IoT solutions for education, everything will be connected, even the whiteboards and lights. This will allow for better opportunities, such as keeping an eye on the class pets, knowing when the plants in the classrooms need water or light, doing science experiments, and more. And finally, IoT will have a bright future in the schooling market. By the end of 2023, it will be worth USD 11.3 Bn.

IoT in the school market

3. The blockchain 

Blockchain is another big technology trend that will change the way schools work and have an effect on education.

In the field of education, bitcoin will play a bigger role. It will help students have better learning experiences by providing chances like 

Using the internet to connect with teachers from around the world and learn from them.

Taking care of and protecting the ecosystem’s records.

Combining with MOOCs like Coursera to lower costs for students and others will help.

How bitcoin can help with school

4. AR/VR

Along with AR and VR, these are some of the most important educational tools to keep an eye on in 2020. 

People who talk about the benefits of VR and AR in education use examples of how they can make real-life situations more interesting by adding virtual features and situations. This is also helping teachers and even students, who can now do different jobs and even important surgeries virtually instead of just picturing the idea and watching videos of people doing them. 

These changes will make it easier to understand difficult topics faster, and the best edTech companies will be able to give students amazing experiences, all with the help of a reputable education mobile app development company.

5. Data in learning and machine learning

The use of machine learning and learning analytics in higher education will also grow a lot over the next few years.

With these technologies, teachers, professors, and others will be able to understand and improve learning situations, as well as test and report on student learning all over the web. 

Also, the use of learning analytics and machine learning in education will help find and fix their academic and behavioral problems, as well as help them reach their full potential.

6. Using the cloud

Cloud computing is being used more and more in higher education, which is leading to many new possibilities and progress. These include easier access to resources, huge scalability, and intellectual stimulation. 

Cloud computing in education is also making it easier for students and teachers around the world to work together. It also has many other benefits, such as backing up information in real time, making it easier to access files, making sure people are held accountable, and lowering costs.

As things stand, this is likely to keep happening over the next few years, bringing in USD 25.36 Bn by 2021.

A look at the market for cloud computing in schooling

7. Items worn 

The effect of wearable tech on education is raising the bar in the education field. This means that students can learn new things from their smart bands, watches, and glasses, whenever and wherever they are. It also increases student engagement, the amount of contact between edtech companies and students, and the amount of money that is made. Which is finally getting business owners interested in making Wearable apps.

8. Making games  

One of the most important things in figuring out how much it costs to make an app like Duolingo is how fun and challenging it is. This trend will also spread to the education technology business. 

The use of gamification technology in education has many benefits. It sparks students’ creativity, excitement, and imagination and keeps them interested in the learning setting. It will keep them from having to use paper and pencil, give them the freedom to express themselves, and help them learn in a fresh way.  

Because of this, a lot more business owners will be interested in how gaming affects the learning field and will work hard to get a piece of the $1,800,000,000+ market that is expected to form by 2023.


9. Learning with videos   

When we talk about the effects of technology on education, we talk about how video learning is changing the field to get students’ attention, make tutors’ jobs easier, improve learning results, and more.

10. Gateway for Payment 

There are now many educational websites that offer online classes, books, awards, and other materials. With the help of Payment gateway connection, students can buy them online with just a few taps on their phones.

The idea behind a payment gateway is to make sure that money flows quickly and easily, to avoid the problems that come with traditional payments, to get a full record of all past payments, to accept payments 24 hours a day, seven days a week, to communicate instantly, and to do many other things. Something that makes it more likely for edTech businesses to use payment gateways.

While these are the technologies that are currently popular in the market and making companies like yours want to bring on your team and figure out how to improve their current edtech business models, many more are about to join the list. Or to put it another way, make a big change in the future of the edtech industry.

Knowing this, it makes sense that you should learn as much as you can about the education business to understand its future and what drives it. 

Now we know that it’s much easier to start a new edTech company that uses these tools. You should be careful, though, because it can be hard to improve an already-used learning management system (LMS) or other educational app.

How can Appic Softwares help add a technology to an LMS or other similar education software that is already in use?

Appic Softwares is well-known for helping people who are interested in the education business start a completely new and business-focused edTech solution around the world. Our team has a lot of market knowledge and has built LMS platforms like Nova. They have helped entrepreneurs beat the traditional and hidden challenges in the education market and get a bigger share of the market income while also winning over the hearts and minds of the target audience. Something that makes it clear that if you give us your edTech project, you’ll be able to use the best technologies and tools in your business without any problems.

What are you thinking about now?  Trust our learning app creation company and get in touch with our education app experts to see how technology can change your business in a big way.

It is important to hire an EdTech developer with specific insights, UX knowledge, and experience with traditional features and integrations if you want to succeed in today’s educational technology environment, which is always changing. The best company to make an education app is Appic Softwares. Their expert team can help you make an ed-tech app.

So, what are you waiting for?

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