Even before COVID-19, education technology experienced high growth, with global edtech investments reaching $18.66 billion in 2019. The overall market for online education is projected to reach $350 billion by 2025.
But these numbers are now being “reimagined.” Language apps, virtual tutoring, video conferencing tools, on-demand courses, or online learning software—there has been a significant surge in remote-learning tech usage since COVID-19 began.
The challenge is that while a few colleges and universities have been slowly moving to remote learning, most have not invested in technology. Even those that made investments prior to the crisis have done so with a mix of expensive traditional and SaaS-based technology, not really leveraging the full potential of public cloud computing. Typically they also use traditional data centers for the notion of “security,” which is not necessarily a guarantee.