

Authored by Mr. Ashish Chaturvedi, Founder, School Diary
Ed-Tech or education technology has seen rapid growth and adoption across the Indian education spectrum. From higher learning and specialised online vocational courses, robotics and multimedia modes of interactive teaching to assisted learning and special app based tutorials etc., the past decade has seen multiple innovations. And the pandemic has further enhanced the spread and accelerated wider adoption of technology for education, across the spectrum! Extended lockdowns and fear of crowded classrooms has pushed parents and schools to look for online education while there has also been a surge in people taking online vocational or hobby classes online.
As per a report by RedSeer and Omidyar Network India report, the edtech market in India has grown tremendously, almost doubling in size, from 45 million in 2019 to 90 million users in 2020. Further, supported by 2019 NEP that encouraged technology empowered learning to explore beyond ‘chalk and talk’ methods, the K-12 edtech market is registered to grow to 6 folds, from being a USD 265 MN market size in 2019 to be an estimated USD 1.7 BN by 2022. Additionally, the report also predicts that while a strong growth in K-12 segment is anticipated, the segment for grades 1 – 5 are set to witness the fastest growth. Factors like increased broadband penetration, the rise in regional language internet and the high consumption of smartphones, are also key factors driving this growth.
While the above highlights the growth potential of the segment in terms of market value, the sector as a whole, is set to also see a massive surge in disruptive innovations that will eventually contribute to the increased market value. In terms of the current and emerging roles, these functions can be largely bifurcated into:
In the light of the recently announced NEP 2020, the reforms and the initiatives announced by the government further point towards its ambitious focus on enhanced learning and holistic development of children. Powered by initiatives like the digital India, skill India and the goal to become a successful international economy, edtech is certainly going to play a crucial role in shaping the future citizens, scientists, engineers, doctors, artists and entrepreneurs of the 21st Century India.