According to ReportLinker, the global edtech and smart classrooms market, with key players like 2U Inc., Apple, Google, and Microsoft, witnessed remarkable growth from $140.24 billion in 2022 to $162.89 billion in 2023, driven by a 16.2% compound annual growth rate (CAGR).
Several industry verticals are seeing a huge surge in consumer adoption since the last two years, when most people were cooped up in their homes due to the epidemic. Undoubtedly, Edtech was one of them. Comparing EdTech to E-Commerce, the latter has developed category by category, albeit not every category has been prosperous.
Education is constantly evolving in today's fast-paced world to keep up with the shifting needs of students and society. The blending of physical and digital learning processes is referred to as Phygital Learning and is one of the most recent developments in education.
In certain online tutoring forms, students can talk to and learn from a real tutor in some other part of the world than theirs. To better the experience for students and tutors alike, the online tutoring industry is evolving like never before.