A recent research has shown, carried out by the research firm Technavio, that the market for online learning in U.S. higher education is anticipated to rise to more than $33 billion by 2026, with an annual growth rate of around 20 percent, as digital learning businesses seek new applications for ed-tech tools.
In today’s fragmented higher education e-learning market, many ed-tech providers are focused on product development, online course help, online class help generating new e-learning products and mobile learning applications for courses in business, science, technology, and the arts.
As schools examine the adoption of new e-learning tools and use cases to enhance education, “wearable devices” created for augmented reality-based learning are a new area of interest for ed-tech companies, according to a research.
How Did It All Happen?
Since the advent of the internet, the online learning sector has expanded tremendously, spawning numerous new platforms.
Global students demand high-quality online education opportunities. Universities inaugurate a new era of digital change. Workers are acquiring job-related skills in order to remain competitive. Health officials are training tens of thousands of contact tracers.
Key Role Players
Here are some prominent companies that contributed a lot:
- Khan Academy
- Jigsaw Academy
- Federica EU
- Linkstreet Learning
1. The dominance of technology
These days, technology and education are becoming more and more closely entwined. The education system is changing to reflect post-pandemic conditions as the world has experienced the significant global pandemic known as COVID 19. Nowadays, tests, classes, online class help and online course help are delivered online. The future of the online learning system is therefore quite promising. The entire educational landscape will alter and become more digitally focused during the next 20 years.
2. Price will not determine an education’s value.
In modern times, a measure of value is placed on education based on its cost. The modern educational system is responsible for propagating the misconception that a higher tuition fee is equivalent to receiving a higher quality of education. Despite this, there is a good likelihood that people will stop thinking about this concept in the not-too-distant future. It is possible that educational organizations’ fees will fall as a result of the development of new educational systems and a growth in the number of students.
3. Enhanced access
As the prices of educational services continue to fall and as more and more people have access to new media, educational opportunities will become easier to reach. Internet resources make it possible for students of any age group to acquire knowledge at a low cost. The disparity in per capita income is the primary factor contributing to the low literacy rates seen in many countries. Because of this, it is now possible for children from lower-middle class households to begin their education whenever prices fall. Another problem is that most rural communities do not have any kind of educational establishments. More and more students are taking online course help and online class help from their homes.
4. Variety of Çurriculum
In the current educational system, schools do not have much discretion over the learners’ individualized curricula. But in the near future, schools will probably be able to reform the system and give students the option to choose the topics of their choosing.
5. New and enhanced evaluation techniques
People gained new perspectives as a result of the pandemic that was caused by the COVID 19 virus, which afflicted the entire planet. The educational system has undergone very few reforms in recent years. Methods of evaluation are among the most important changes that have taken place. Educational institutions have started to give tests online now that they have been convinced of the benefits of doing so.
6. Teachers will be given equal weight.
If we talk about digital education and schools in the future it is likely that teachers and mentors will have so much importance. This statement appears feasible in this light. If mentors are given the proper respect, they will carry out their duties more accurately and with greater self-respect.
7. There will be more diversity in the classroom (classroom and home)
As there will be a lot of technology utilized in the education sector in the future, diversity in the educational system is very likely. Online education is definitely the way of the future of education, and this is really true. The future of public education will be altered by this. The global literacy rate will rise with a more diverse educational system, and the future will be bright for the entire planet.
8. A variety of educational resources will be accessible
Books won’t be the only learning tool available in the educational system of the future. These days, a variety of materials, including films, audio recordings, text transcripts, and presentations, are employed as educational resources. These techniques will be used by schools in the future to instruct kids. No one can focus or comprehend by simply reading a book. The students will be more at ease connecting and comprehending the topics if there are some useful images or other amusing approaches. This technology will make learning easier in the future and have a revolutionary impact on the education sector.
Technology has so much influence on education now a days and chances are that the education sector will undergo changes like never before over the next 20 years which will directly or indirectly revolutionize the entire educational landscape. Schools, universities, and other educational institutions will have to prioritize modern teaching strategies in years to come.