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क्लासरूम से एडटेक तक: 2026 में आधुनिक शिक्षकों के लिए 7 करियर विकल्प
भारत का शिक्षा परिदृश्य सिकुड़ नहीं रहा है; यह विविधीकरण कर रहा है। 1.5 मिलियन स्कूलों, 260 मिलियन शिक्षार्थियों, एनईपी 2020 सुधारों और एडटेक बाजार के 10.4 बिलियन डॉलर को पार करने के अनुमान के साथ, “शिक्षण करियर” की परिभाषा तेजी से बढ़ रही है। क्लासरूम से एडटेक तक: 2026 में आधुनिक शिक्षकों के लिए 7 करियर विकल्प शिक्षकों के लिए, यह बदलाव छात्रों से अलग होने के बारे में कम और पुनर्कल्पना करने के…
The Evolving EdTech Landscape: Market Trends and Opportunities
The educational technology (EdTech) sector has transformed from a niche market into a global powerhouse, reshaping how we learn and teach across all educational levels. With the market valued at $334.29 billion in 2023 and projected to reach $738.60 billion by 2029, growing at a CAGR of 14.13%, EdTech represents one of the most dynamic sectors in the global economy.
Know More: https://www.arizton.com/market-reports/edtech-market
Market Overview: A Digital Revolution in Education
The EdTech industry encompasses a diverse range of digital tools, platforms, and services catering to K-12 education, higher education, competitive exams, and professional certifications. This rapid growth is fueled by increased internet connectivity, widespread adoption of digital devices, and advances in artificial intelligence and data analytics.
These technologies are revolutionizing education by enabling personalized and adaptive learning experiences, making education more engaging, effective, and accessible to learners worldwide. The COVID-19 pandemic significantly accelerated this trend, with educational institutions globally shifting to online and remote learning models.
Women in EdTech: Bridging the Gender Gap
The role of women in the EdTech market deserves special attention. Historically, women have faced significant barriers in accessing education and skills development opportunities, particularly in developing regions. EdTech is emerging as a powerful tool to address these disparities.
According to UNESCO, only 35% of STEM students in higher education worldwide are women. EdTech platforms offer the flexibility and convenience particularly beneficial to women juggling multiple responsibilities, including work, caregiving, and household duties.
The World Economic Forum reports that gender parity in education and skills development could contribute to closing the gender gap in the workplace and boost global GDP by $5.3 trillion by 2025. Beyond being learners, women are making significant contributions as professionals in the EdTech market, with growing representation in technology and design roles.
Key Market Drivers and Trends
Gamification in Learning
The application of game mechanics to educational contexts is gaining popularity worldwide. Game-based learning provides an effective mode of teaching through repetition and simulation, enhancing learner engagement across different education levels. This trend is expected to gain significant traction in both K-12 and higher education segments.
Surge in Online and Remote Learning
The demand for online learning platforms has surged dramatically, with over 10 million college students taking at least one distance education class in fall 2022. Popular platforms like Coursera, Udemy, and edX have seen significant enrollment increases as people focus on upskilling and reskilling in a changing job market.
Market Challenges: Data Security Concerns
Despite the growth, the EdTech sector faces challenges, particularly regarding data security. EdTech platforms store vast amounts of sensitive information related to instructors, learners, and other customers, making them potential targets for cyberattacks.
Companies must implement robust security measures to protect personal and confidential information from unauthorized access and misuse. The reputation damage and legal consequences of data breaches represent significant risks for EdTech providers.
Business Models and Market Segmentation
Business Models
The freemium model has proven particularly effective in attracting a large customer base and establishing brand trust. Many companies offer premium content to potential learners as part of their growth strategy to expand their reach. The free trial model similarly helps convert users into subscribed customers.
Market Segments
The global EdTech market can be segmented by:
Type: Hardware (interactive displays, SD cards, laptops), Software, and Technology-enabled Services
Sector: K-12, Higher Education, Competitive Exams, and Certifications
End User: Individual Learners, Institutes, and Enterprises
The hardware segment currently holds the largest market share, while the software segment is projected to experience the highest growth rate (15.02% CAGR). In terms of sectors, K-12 education is emerging as the leading revenue contributor, with higher education expected to witness the second-fastest growth.
Regional Insights
The EdTech landscape shows significant regional variations:
North America: Holds a significant market share due to well-established companies and a robust education technology ecosystem.
Europe: Witnessing substantial growth driven by investments in digital education, particularly in the UK, Germany, and France.
China: As the world's most populous country, China represents the largest potential market, supported by various digital education platforms and favorable government policies.
India: Emerging as a key player driven by a young population, widespread internet penetration, and government initiatives supporting digital education infrastructure.
Competitive Landscape
The global EdTech market is highly competitive, featuring international and regional players competing on technology advancements, features, pricing, and customer service. Leading players include BYJU's, Coursera, Google, Microsoft, and Amazon Web Services, alongside other significant vendors like Khan Academy, Udemy, Chegg, Duolingo, 2U, Blackboard, and Instructure.
These companies are expanding their global presence through partnerships, mergers, and acquisitions, while also diversifying their offerings across various educational sectors. The integration of artificial intelligence, machine learning, and data analytics is driving the development of increasingly personalized learning solutions.
The Future of EdTech
As we look ahead, the EdTech sector is poised for continued innovation and growth. The integration of emerging technologies like AI, VR/AR, and adaptive learning systems will further personalize education and make it more accessible globally. With its potential to democratize education and bridge traditional gaps in access and quality, EdTech stands as one of the most transformative forces in education today.
For educational institutions, businesses, and individual learners alike, understanding and leveraging these trends will be crucial in navigating the rapidly evolving educational landscape of the future.
The Growing EdTech Market: Trends, Opportunities, and Future Outlook
The EdTech (Education Technology) market has experienced a significant transformation in recent years, evolving from niche solutions to a key component of modern education systems worldwide. With the rapid digitalization of learning environments and the increasing demand for personalized education experiences, the EdTech sector is projected to continue its expansion at an unprecedented rate. This article delves into the current state of the EdTech market, the driving factors behind its growth, and the future opportunities for both learners and businesses in the space.
What is EdTech?
EdTech refers to the use of technology to enhance, facilitate, and innovate educational processes. It encompasses a wide range of tools and platforms, including online learning systems, mobile learning apps, artificial intelligence (AI)-powered tutors, virtual classrooms, and more. The goal of EdTech is to make education more accessible, efficient, and tailored to individual learning needs.
The Current State of the EdTech Market
1. Market Size and Growth
The global EdTech market is projected to grow from $254.80 billion in 2021 to $605.40 billion by 2027, according to multiple market analyses. The COVID-19 pandemic played a significant role in accelerating the adoption of digital learning platforms as schools, universities, and corporate training programs shifted online almost overnight. This surge in demand, combined with advances in technology, has positioned EdTech as a critical driver of educational reform.
2. Key Segments
EdTech is a broad market that can be broken down into several core segments:
K-12 Education: Online learning platforms and tools designed for primary and secondary education. Examples include digital textbooks, interactive learning apps, and gamified learning environments.
Higher Education: Platforms tailored for universities and colleges, including Learning Management Systems (LMS), virtual classrooms, and remote proctoring tools.
Corporate Training: EdTech solutions that provide businesses with scalable tools for employee training, development, and upskilling.
Lifelong Learning: Adult education platforms such as MOOCs (Massive Open Online Courses), professional certification programs, and skills-based learning apps for personal and career development.
Driving Factors Behind EdTech Growth
1. Digital Transformation
The digital transformation of the education sector is the primary force driving the EdTech market's growth. Cloud computing, AI, machine learning, and mobile technologies have enabled the development of more advanced, scalable, and interactive learning tools. These technologies allow for personalized learning experiences, where content and pacing can be customized to meet individual student needs.
2. Increasing Demand for Flexible Learning
Learners today demand greater flexibility in how, when, and where they learn. This is particularly true for non-traditional learners such as working adults, who need the ability to balance education with work and family commitments. EdTech provides this flexibility by offering anytime, anywhere learning through mobile apps, online courses, and other digital resources.
3. Rising Investment and Innovation
Investment in EdTech startups and companies has skyrocketed over the past decade, with venture capital firms and major tech companies pouring billions into the sector. This influx of capital has fueled innovation, leading to the development of new tools and platforms that push the boundaries of what’s possible in education. AI-powered tutoring systems, immersive learning environments using virtual reality (VR), and blockchain-based credentialing systems are just a few examples of recent innovations.
4. Globalization of Education
The globalization of education is another important factor in EdTech's growth. Students from developing countries can now access the same quality of education as their peers in developed nations through online platforms. This has increased the demand for affordable, high-quality digital education solutions that can be accessed from anywhere in the world.
Challenges Facing the EdTech Market
While the EdTech market offers tremendous opportunities, it also faces several challenges:
Digital Divide: Not all students have access to the necessary technology or internet connectivity to fully benefit from EdTech solutions. Bridging this gap is essential for ensuring equitable access to education.
Data Privacy: As EdTech platforms collect vast amounts of data on student performance and behavior, concerns about data privacy and security are becoming increasingly important.
Adoption and Training: Teachers and educators may need training and support to effectively integrate EdTech tools into their classrooms. Resistance to change can be a significant barrier to widespread adoption.
Future Opportunities in the EdTech Market
1. AI and Personalized Learning
Artificial Intelligence will continue to play a major role in the future of EdTech. AI-powered tools can analyze student performance data to provide personalized feedback, recommend tailored learning paths, and even predict future learning outcomes. This level of personalization is key to improving educational outcomes and making learning more engaging and effective.
2. Immersive Learning with AR and VR
Augmented Reality (AR) and Virtual Reality (VR) technologies are poised to revolutionize the way students learn by creating immersive, interactive environments. From virtual field trips to simulated labs, these technologies offer hands-on learning experiences that would be impossible in traditional classroom settings.
3. Microlearning and On-Demand Learning
Microlearning—where educational content is broken down into short, manageable lessons—cater to the busy schedules of modern learners. With the rise of mobile learning platforms, learners can access bite-sized content on the go, making education more accessible and less time-consuming.
4. Blockchain for Credentialing and Certification
Blockchain technology has the potential to disrupt traditional credentialing systems by providing a secure and transparent way to verify educational achievements. Digital diplomas and certificates stored on the blockchain could help reduce fraud and make it easier for employers to verify job applicants' credentials.
View Sample Report for Additional Insights on the EdTech Market Forecast, Download a Free Report Sample
The EdTech Market: Revolutionizing Education in the Digital Age
In recent years, the Education Technology (EdTech) market has witnessed unprecedented growth, transforming the landscape of education globally. As technology continues to advance, the integration of digital tools and resources in education has become essential, providing innovative solutions to enhance learning experiences and outcomes. This article explores the current state of the EdTech market, its driving factors, key trends, and future prospects.
The Rise of EdTech: A Market Overview
The EdTech market encompasses a wide range of digital products and services designed to facilitate learning and improve educational processes. These include online learning platforms, educational software, virtual classrooms, learning management systems (LMS), and more. According to recent reports, the global EdTech market is projected to reach $404 billion by 2025, growing at a compound annual growth rate (CAGR) of 16.3% from 2020 to 2025. This significant growth is driven by several factors, including the increasing adoption of digital learning tools, the rise of mobile learning, and the growing demand for personalized and adaptive learning solutions.
Key Drivers of EdTech Growth
Digital Transformation in Education: The rapid digitalization of education systems worldwide is a primary driver of the EdTech market. Educational institutions are increasingly adopting digital tools to enhance teaching methods, streamline administrative processes, and provide students with interactive and engaging learning experiences.
COVID-19 Pandemic: The global pandemic accelerated the adoption of EdTech solutions as schools and universities shifted to remote learning. This sudden transition highlighted the importance of technology in education and prompted significant investments in digital learning infrastructure.
Advancements in Technology: Innovations in artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and big data analytics are revolutionizing the EdTech industry. These technologies enable the development of sophisticated educational tools that cater to diverse learning needs and styles.
Growing Internet Penetration: The increasing availability of high-speed internet and the proliferation of smartphones have made online learning more accessible to a broader audience. This connectivity facilitates the widespread adoption of EdTech solutions, especially in emerging markets.
Government Initiatives: Governments worldwide are recognizing the potential of EdTech to improve educational outcomes and are investing in digital infrastructure and policies to support its growth. Initiatives such as e-learning programs, digital literacy campaigns, and funding for EdTech startups are driving the market forward.
Emerging Trends in the EdTech Market
Personalized Learning: Personalized learning solutions leverage AI and machine learning algorithms to tailor educational content to individual students' needs, preferences, and learning pace. This approach enhances student engagement and improves learning outcomes by providing customized learning experiences.
Gamification: The integration of game elements in educational content is gaining popularity. Gamification makes learning fun and engaging, motivating students to participate actively and retain information better. Educational games, quizzes, and interactive simulations are some examples of gamified learning tools.
Microlearning: Microlearning involves delivering educational content in small, bite-sized chunks that are easy to consume and retain. This approach is particularly effective for adult learners and professionals seeking to upskill or reskill in a flexible and efficient manner.
Blended Learning: Blended learning combines traditional classroom instruction with online learning, offering a hybrid approach that maximizes the benefits of both methods. This model allows for greater flexibility and accommodates different learning preferences.
Lifelong Learning: The concept of lifelong learning is gaining traction as individuals increasingly seek continuous education and skill development throughout their careers. EdTech platforms are catering to this demand by offering a wide range of courses and certifications for learners of all ages.
Future Prospects of the EdTech Market
The future of the EdTech market looks promising, with continued growth and innovation on the horizon. As technology continues to evolve, we can expect to see more advanced and sophisticated educational tools that enhance the learning experience. The integration of AI, VR, and AR in education will likely become more prevalent, providing immersive and interactive learning environments.
Moreover, the focus on inclusivity and accessibility will drive the development of EdTech solutions that cater to diverse learning needs and abilities. Efforts to bridge the digital divide and provide equal access to quality education will be crucial in ensuring the benefits of EdTech reach all learners.
View Sample Report for Additional Insights on the EdTech Market Forecast, Download a Free Report Sample
Transforming Education: The Dynamic Evolution of the EdTech Market
The education technology (EdTech) market has experienced a significant transformation over the past decade, driven by technological advancements, increasing internet penetration, and the need for personalized learning experiences. EdTech encompasses a wide range of applications, including online learning platforms, educational software, virtual classrooms, and digital content. This blog explores…
The global edtech market size reached US$ 222.4 Billion in 2023 and it is expected to reach US$ 661.2 Billion by 2032, growing at a CAGR of
The global edtech market size reached US$ 222.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 661.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.48% during 2024-2032.
The Role of ESG in the EdTech Industry
Edtech industry or Education Technology Industryplayers are gearing up to plan, report and monitor their ESG performance amidst an exponential rise in digitization. Notably, the prevalence of online learning against the backdrop of the COVID-19 pandemic prompted industry leaders to achieve ESG goals. AI-based learning tools forayed into the mainstream education landscape, encouraging investors, venture capitalists and other stakeholders to prioritize ESG goals. Lately, education technology has witnessed skyrocketing demand across advanced and emerging economies. A host of global organizations expects their vendors to adopt ESG goals, while stakeholders are demanding that startups define and focus on ESG strategy.
Investors are bullish on the prospect of edtech providing an immersive learning experience to K-12 students (kindergarten to 12th grade). High-profile and emerging players continue investing in tech and tools that boost online and digital learning. A slew of private equity funds has ESG-themed funds, alluding to stakeholders growing interest in society and the environment. For instance, in March 2022, Cakap, an Indonesian online language learning platform, secured fresh funding from IIF (Indonesia Impact Fund). The infusion of funds is reported to be the first ESG-compliant private impact fund under the aegis of Mandiri Capital Indonesia. Buoyant investments will propel access to high-quality education, especially in lower-tier cities, and play a pivotal role in bridging the language proficiency gap.
Environmental Perspective
Edtech companies are responding to climate change to invest in an environmentally sustainable future. Digital learning companies have furthered their efforts to propel UN Sustainable Development Goals and take a giant stride toward decarbonization. Stakeholders are expected to be on the same page on global net zero emissions and use technology and operations to foster the change the world needs. Microsoft aims to reduce its Scope 1 and 2 emissions to near zero by 2025 and is contemplating removing more carbon than it emits by 2030. Moreover, in July 2021, it also rolled out the Microsoft Cloud for Sustainability to render automated, integrated and comprehensive sustainability management.
Stakeholders are likely to take a robust approach to reporting and recording emissions with automation and data collation. Industry players could use a secure cloud to tackle e-waste across schools with startups investing in the advanced technology. In December 2020, Karo Sambhav used Microsoft Azure, engaged with over 22,700 schools, and collated around 12,000 metric tons of e-waste for responsible recycling in India. Furthermore, Microsoft also emphasized bridging the skill gap in data center communities through investment in technical training programs at vocational schools, community colleges and other educational institutions.
Social Perspective
Edtech companies are promoting the values of gender equality, inclusion and a safe work environment. Companies are likely to complement UN Sustainable Development Goals with an emphasis on quality education and boosting workers’ health and safety. Several edtech companies have sought state-of-the-art technology to bolster inclusion, diversity and access. For instance, in September 2021, SP2 Mentor Collective suggested that it connects students, targeting first-generation learners, including those of color, students from low-income backgrounds and other underrepresented students.
Stakeholders have added fillip to their ESG goals by investing in new-age skills and focusing on talent mobility. Companies are gearing up to upskill talent pools to keep up with global digital transformation. Cisco is expediting the way it develops, attracts and promotes diverse talent. It has joined forces with OneTen Initiative, that is gearing to hire, upskill, and promote one million African American/Black (AA/B) Americans over the next ten years. It witnessed a 60% surge in the representation of all employees who identified themselves as AA/B from entry level through the manager.
State-of-the-art technologies, including ML and AI, have witnessed an uptake. To illustrate, as of June 2022, Coursera reported around a 50% surge in the number of business learners in India. The trends have prompted technology-oriented startups to inject funds into advanced solutions and services to help bolster the digital skills of their employees. In August 2021, Caisse de dépôt et placement du Québec (CDPQ) announced an infusion of funds into ApplyBoard through Equity 253 fund—a diversity-dedicated fund—aimed at companies leveraging diversity and inclusion initiatives and promoting them as business priorities.
Is your business one of participants of the Global EdTech Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.
Governance Perspective
As sustainability becomes mainstream, governance and accountability have become instrumental for prioritization and alignment across the industry. Microsoft has formed a Climate Council with business leaders from every business group to foster alignment, offer sustainability advice, review progress on commitment, prioritize resources and funding and collaborate. Its Board of Directors offers feedback, insights, and oversight across environmental and social aspects.
With companies targeting pre-K to 12, post-secondary and workforce education portfolios, stakeholders have prioritized governance structure to foster their ESG profile. For instance, Cisco asserted in its Purpose Report that audits covered 390,000 supply chain workers during fiscal 2022. Cisco’s compliance and ethics organization reports all allegations and cases of ethical violations to the Audit Committee of the BoD and the Compliance Steering Committee.
Poor ESG practices may be detrimental to environmental, reputational and legal risks that can dent an organization’s prospect on the bottom line. Companies with strong ESG performance could stay ahead of the curve with a lower cost of capital, a loyal investor base and better access to financing. According to the U.S. financial services company Morningstar, ESG investment strategies surpassed USD 1 trillion in 2020, largely fueled by sustainable investment funds amidst the COVID-19 pandemic.
In December 2022, Skillsoft’s corporate social responsibility report found that diversity, equity, and inclusion (DEI), participation in fair trade, and enhancing labor policies were top priorities in the CSR program. The research noted that 46% said ESG efforts were replacing CSR efforts. Prevailing trends suggest the global edtech market could register a 16.5% CAGR from 2022 through 2030. The growth trajectory is expected to gain ground as companies focus on creating long-term value by creating ESG strategies.
Related Reports:
Online Tutoring Services Industry ESG: https://astra.grandviewresearch.com/online-tutoring-services-industry-esg-outlook
Business Process Outsourcing Industry ESG: https://astra.grandviewresearch.com/business-process-outsourcing-industry-esg-outlook
Telecom Services Industry ESG: https://astra.grandviewresearch.com/telecom-services-industry-esg-outlook
About Astra – ESG Solutions By Grand View Research
Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.
Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.
For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research
Edtech Companies Are Responding To Climate Change To Invest In An Environmentally Sustainable Future
Edtech industry or Education Technology Industry players are gearing up to plan, report and monitor their ESG performance amidst an exponential rise in digitization. Notably, the prevalence of online learning against the backdrop of the COVID-19 pandemic prompted industry leaders to achieve ESG goals. AI-based learning tools forayed into the mainstream education landscape, encouraging investors, venture capitalists and other stakeholders to prioritize ESG goals. Lately, education technology has witnessed skyrocketing demand across advanced and emerging economies. A host of global organizations expects their vendors to adopt ESG goals, while stakeholders are demanding that startups define and focus on ESG strategy.
Investors are bullish on the prospect of edtech providing an immersive learning experience to K-12 students (kindergarten to 12th grade). High-profile and emerging players continue investing in tech and tools that boost online and digital learning. A slew of private equity funds has ESG-themed funds, alluding to stakeholders growing interest in society and the environment. For instance, in March 2022, Cakap, an Indonesian online language learning platform, secured fresh funding from IIF (Indonesia Impact Fund). The infusion of funds is reported to be the first ESG-compliant private impact fund under the aegis of Mandiri Capital Indonesia. Buoyant investments will propel access to high-quality education, especially in lower-tier cities, and play a pivotal role in bridging the language proficiency gap.
Key Companies in this theme
• Fujitsu Limited
• Adobe Inc.
• Alphabet Inc.
• Microsoft Corporation
• Cisco Systems
• Samsung Electronics
• Pearson PLC
Environmental Perspective
Edtech companies are responding to climate change to invest in an environmentally sustainable future. Digital learning companies have furthered their efforts to propel UN Sustainable Development Goals and take a giant stride toward decarbonization. Stakeholders are expected to be on the same page on global net zero emissions and use technology and operations to foster the change the world needs. Microsoft aims to reduce its Scope 1 and 2 emissions to near zero by 2025 and is contemplating removing more carbon than it emits by 2030. Moreover, in July 2021, it also rolled out the Microsoft Cloud for Sustainability to render automated, integrated and comprehensive sustainability management.
Stakeholders are likely to take a robust approach to reporting and recording emissions with automation and data collation. Industry players could use a secure cloud to tackle e-waste across schools with startups investing in the advanced technology. In December 2020, Karo Sambhav used Microsoft Azure, engaged with over 22,700 schools, and collated around 12,000 metric tons of e-waste for responsible recycling in India. Furthermore, Microsoft also emphasized bridging the skill gap in data center communities through investment in technical training programs at vocational schools, community colleges and other educational institutions.
Social Perspective
Edtech companies are promoting the values of gender equality, inclusion and a safe work environment. Companies are likely to complement UN Sustainable Development Goals with an emphasis on quality education and boosting workers’ health and safety. Several edtech companies have sought state-of-the-art technology to bolster inclusion, diversity and access. For instance, in September 2021, SP2 Mentor Collective suggested that it connects students, targeting first-generation learners, including those of color, students from low-income backgrounds and other underrepresented students.
Stakeholders have added fillip to their ESG goals by investing in new-age skills and focusing on talent mobility. Companies are gearing up to upskill talent pools to keep up with global digital transformation. Cisco is expediting the way it develops, attracts and promotes diverse talent. It has joined forces with OneTen Initiative, that is gearing to hire, upskill, and promote one million African American/Black (AA/B) Americans over the next ten years. It witnessed a 60% surge in the representation of all employees who identified themselves as AA/B from entry level through the manager.
State-of-the-art technologies, including ML and AI, have witnessed an uptake. To illustrate, as of June 2022, Coursera reported around a 50% surge in the number of business learners in India. The trends have prompted technology-oriented startups to inject funds into advanced solutions and services to help bolster the digital skills of their employees. In August 2021, Caisse de dépôt et placement du Québec (CDPQ) announced an infusion of funds into ApplyBoard through Equity 253 fund—a diversity-dedicated fund—aimed at companies leveraging diversity and inclusion initiatives and promoting them as business priorities.
Is your business one of participants of the Global EdTech Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.
Governance Perspective
As sustainability becomes mainstream, governance and accountability have become instrumental for prioritization and alignment across the industry. Microsoft has formed a Climate Council with business leaders from every business group to foster alignment, offer sustainability advice, review progress on commitment, prioritize resources and funding and collaborate. Its Board of Directors offers feedback, insights, and oversight across environmental and social aspects.
With companies targeting pre-K to 12, post-secondary and workforce education portfolios, stakeholders have prioritized governance structure to foster their ESG profile. For instance, Cisco asserted in its Purpose Report that audits covered 390,000 supply chain workers during fiscal 2022. Cisco’s compliance and ethics organization reports all allegations and cases of ethical violations to the Audit Committee of the BoD and the Compliance Steering Committee.
Poor ESG practices may be detrimental to environmental, reputational and legal risks that can dent an organization’s prospect on the bottom line. Companies with strong ESG performance could stay ahead of the curve with a lower cost of capital, a loyal investor base and better access to financing. According to the U.S. financial services company Morningstar, ESG investment strategies surpassed USD 1 trillion in 2020, largely fueled by sustainable investment funds amidst the COVID-19 pandemic.
In December 2022, Skillsoft’s corporate social responsibility report found that diversity, equity, and inclusion (DEI), participation in fair trade, and enhancing labor policies were top priorities in the CSR program. The research noted that 46% said ESG efforts were replacing CSR efforts. Prevailing trends suggest the global edtech market could register a 16.5% CAGR from 2022 through 2030. The growth trajectory is expected to gain ground as companies focus on creating long-term value by creating ESG strategies.
About Astra – ESG Solutions By Grand View Research
Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.
Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.
For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research
