The overall sales in the Edtech market are expected to reach the valuation of ~US$ 74, Bn by the end of 2021. As per FMI, rapid technological advancements and the introduction of learning through entertainment have increased the adoption of Edtech worldwide.
As standardization is difficult while working with multiple sites, digital learning helps individuals to access content at any time of the day. It can also be accessed at any time in any part of the globe.
With new innovative tools or practices being launched in digital technology, online learning is helping learners adopt new changes efficiently. Hence, learning management software (LMS) is gaining a wider acceptance globally.
The LMS helps in managing the learning process and creating an engaging learning environment for adding more functionalities to enhance learning capacities. Hence, companies are using LMS to make their employees better trained, and more knowledgeable about products and services.
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Adaptive Learning is Gaining Traction:
Adaptive learning has gained more interest due to new product development, partnerships among e-learning software providers and education publishers, and significant investment in adaptive learning. Adaptive learning is gaining popularity as the development of new technologies like AR and AI which is giving adaptive learning a lift to another level. Adaptive learning has the advantage of robust analytics, it also helps in confidence-based assessments and pre-learning tests that help organizations to sidestep the drawbacks of generalized learning.
Adaptive learning ensures that each learner goes through the most effective learning path. Adaptive learning helps learners to gain confidence due to the personalized feedback provided. Adaptive learning model adoption can help the learner to gain objective knowledge and various skills.
Initiative by Educational Institutes Creating Growth Opportunities:
Education institutions are undertaking initiatives to encourage students to switch from traditional textbooks to eBooks for learning seamlessly. For Instance, K-12 schools are replacing traditional study with new online learning to benefit student's overall growth. This is creating opportunities for the players to offer their e-learning solutions in the market.
Also, the demand for microlearning is increasing as it is a suitable way of learning for the new generation of learners that have shorter attention spans. Learners are provided information at a rate that matches their ability to help them absorb knowledge more efficiently.
Microlearning also helps them to improve learning transfer by 71% compared to traditional learning methods. It generates 50% more engagement while reducing development costs by 50% and increasing development speed.