Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits. Educational methods include teaching, training, storytelling, discussion, and directed research. Education frequently takes place under the guidance of educators, but learners may also educate themselves. Education can take place in formal or informal settings and any experience that has a formative effect on the way one thinks, feels, or acts may be considered educational. The methodology of teaching is called pedagogy.
Trends
- Increased use of technology: Technology is playing an increasingly important role in the education sector, from online learning platforms to AI-powered tools for personalized learning.
- New teaching models: Schools and universities are introducing new teaching models such as flipped classrooms, virtual learning, and blended learning to meet the needs of their students.
- Focus on personalized learning: Schools and universities are focusing more on personalized learning, which takes into account the individual needs and interests of each student.
- Emphasis on experiential learning: Schools are increasingly emphasizing experiential learning, which is learning through hands-on experience.
- Growing demand for skills-based learning: The demand for skills-based learning is growing as employers are looking for workers who possess the skills and knowledge needed to succeed in the global marketplace.
- Growing demand for online education: More and more students are opting for online education, as it offers more flexibility and convenience.
Stats
- In 2019, the global digital education market was valued at an estimated $252.10 billion and is projected to reach $398.20 billion by 2026, growing at a compound annual growth rate (CAGR) of 6.3%.
- In 2020, the global e-learning market was estimated to be worth $187.877 billion and is projected to reach $375.6 billion by 2026, growing at a CAGR of 12.3%.
- In 2020, the global online education market was estimated to be worth $134.17 billion and is projected to reach $269.17 billion by 2026, growing at a CAGR of 12.8%.
- In 2020, the global education technology market was estimated to be worth $107.2 billion and is projected to reach $216.8 billion by 2026, growing at a CAGR of 13.1%.
Start-ups
- Khan Academy: Khan Academy is an online education platform providing free lessons and exercises in a variety of subjects. Khan Academy was founded in 2008 and is headquartered in Mountain View, California.
- edX: edX is a massive open online course (MOOC) provider founded in 2012 by Harvard University and MIT. It offers free and low-cost courses on a variety of topics.
- Coursera: Coursera is an online learning platform founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller. It offers courses from top universities and organizations and is one of the biggest MOOC providers.
- Udemy: Udemy is an online learning platform founded in 2010 by Eren Bali. It offers courses in a variety of topics for both beginners and experts.
- Duolingo: Duolingo is an online language-learning platform founded in 2011 by Luis von Ahn. It offers free language courses in more than 30 languages.
Key words
- AI
- Education
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