What is the definition of Edtech?
The term “EdTech” is an abbreviation for “Education Technology” in English, which translates to “educational technologies” or “educational technologies”. EdTech thus refers to the use of digital tools and software to improve learning, teaching, vocational training and education in general.
The mission of startups in the Edtech world is to facilitate teaching by putting technology at the service of education and by democratizing access to it. Edtechs work at all levels of education, from early childhood to higher education.
The applications of Edtechs are multiple: Online coaching, MOOC (Massive open online course), platforms for connecting professors and students, online media specialized in education, shared online courses, educational videos, quizzes and interactive boards that allow students to learn at their own pace and independently, Virtual reality solutions for teacher training, SPOC (Small Private Online Course or “small group online course”).), LMS (Learning Management System or “management systems of learning”), and applications will intensify as technology evolves (AI for example).
What are the key figures for the EdTech market?
The Ed-Tech sector represents 1 billion in turnover, and more than 8,000 jobs. As such, it is a vector for the transformation of society, by contributing to the innovation of education in school systems and businesses. Studies reveal that global Edtech revenues are expected to exceed $288.4 billion by 2031.
Who are the players in the EdTech market?
The EdTech market has many players, ranging from start-ups to big tech companies, educational institutions, and governments. Here are some of the main players in EdTech:
In France, in the world of start-ups, we can mention:
- OpenClassrooms: an educational platform that offers training courses.
- Domoscio: an adaptive learning solution that uses artificial intelligence to personalize the experience of each student.
- Klassroom: a communication application for teachers, students and parents, which allows exchanges and information to be centralized on a single platform.
- Kokoroe: an academic platform that offers courses in various fields, such as languages, IT, marketing.
International start-ups include Coursera, Udacity, edX, Khan Academy, Duolingo, Quizlet, and more.
There is also tech giants such as Google, Microsoft, Amazon, and Apple, who have invested heavily in EdTech. They offer tools, platforms, and devices designed specifically for education, such as Google Workspace for Education, Microsoft Teams for Education, and Apple iPads for education.
Many universities and colleges have developed their own EdTech initiatives, including learning platforms and distance courses. It exists too companies like LinkedIn Learning, Pluralsight, and Skillshare, which offer courses for professional development and continuing education.
