State of

EdTech 2023 - 2024:

Report Insights

For the Education Technology Day today we’d like to share The State of EdTech 2023 report by EdTech Digest. The report reveals fascinating trends, which we summarized for you in this post:

Main EdTech 2023 - 2024 report insights

Understanding of Literacy expanded for general kids education. The new “must know” literacies include not just Reading & Writing, but also Digital Literacy, Information Literacy, and even Content Creation Literacy!
Fostering Creativity for children will be an area of focus and activity in our schools. And digital low cost digital tools will support students in creating. This digital “making” encourages kids to create content, often to show their knowledge, rather than just being consumers of content.
Video has continued to become more and more favored as a way to support teaching and foster learning.
Student Success is Priority. Accelerating the students’ success rates is top of the agenda. Education is getting personalized using AI-driven software, ensuring students get the learning they need, at their pace. 🧑‍🎓💻
The future of education is shaped by 3 main trends:

1. Rising demand for global problem solvers
2. Change in the skill sets required for work
3. Shift to a lifelong learning mindset

Want more facts & numbers?

177 billion dollars. From $227B in 2020 to $404B by 2025, edtech spend will nearly double from 2020 in the next couple years.
7 trillion dollars. Education will be a $7T industry by 2025. Total global expenditures from governments, companies, and consumers together are expected to reach $7.3T by 2025.
4 percent. Out of the $6.2T non-digital spend for global education and training, just $227B is spent on: hardware, software, and tech-enabled services, or edtech. It means digitalization of educations is only starting. SOURCE for above items: HolonIQ
43.5 billion dollars. In 2022, U.S. schools spent a record $43.5 billion on edtech (hardware, networks, major systems, digital curriculum), up 18.5% from 2021’s. SOURCE: Learning Counsel
87 percent. Of educators said their tech skills improved during the pandemic. SOURCE: EdWeek
76 percent Of employees say they’re more likely to remain with employers offering upskilling options. SOURCE: Talent LMS
70+ percent. Of colleges expect to launch one or more online undergraduate programs in the next three years. SOURCE: Wiley
50+ percent. Of college students said they’d abandon their school of choice if it didn’t offer an online option. SOURCE: Wiley