SaaS Ed-Tech Companies To See A Growth Of 18% From 2020-27

Plenty of ed-tech companies have evolved to change the way education is imparted

Education is no more about bundles of written notes and textbooks or just PowerPoint presentations. With technology showing its growth every day, it has shown an equal impact on the education sector. Sai Venkatesh for The SaaS Industry has written on the changes taking place and are about to take place with the evolution of ed-tech solutions.

Here is what he has written:

  • Ed Tech can have an industry-changing effect on the educational process as it will make time-consuming elements, like lesson planning, reporting, and record-keeping, more manageable.

  • Edtech tools help teachers provide individualized attention to boost the capabilities and spirits of students. 

  • A report from KPMG and Google, EdTech companies, are expected to have a market share of $1.96 billion by the end of 2021

  • SaaS providers are responsible for providing new updates to the software. This means schools don't have to worry about the amount of time it would take to work on these updates and focus on providing the best for students at low costs.

  • Also, in the pandemic, SaaS ed tools have made learning faster and simpler for students from the comfort of their homes.

  • Software tools enhance automated exam assessments and assist in real-time tracking of students' performance, assignments, and other class activities.

Some prominent ed-tech learning softwares are:

  • Kahoot is Oslo, Norway-based startup is a game-based learning platform dedicated to helping people learn through games. They offer games in minutes for any subject, in any language on devices for all ages.

  • Coursmos, based in San Francisco, offers a micro-learning platform for learning and teaching micro-courses.

  • Clever, based in San Francisco, provides a cloud-based single sign-on platform for K-12 education. Their portal facilitates a single data storage medium for third-party e-learning systems and schools.

What Zluri Thinks:

Ed-tech was already on an upward trajectory before 2020. Now, the lingering effects of the pandemic and transition to the SaaS model have further accelerated the growth of Ed-tech companies. We’ll soon see other verticals too follow suit and move their offerings to a subscription model.

You can read the full article here.