The problems of education have gotten so out of hand that not only Elon Musk has taken his children out of school, but he started a new radical, Asta Nova.
But the the cost of Musk’s virtual school is way too expensive for ordinary people. That is why EdTech the platforms are booming these days. In September 2020, the Global Education Sector evolved into $ 7 trillion, and Digital learning became 160 billion dollars, from nothing 25 years ago. (ref 11) We expect a compound annual growth rate (TCCA) from 19.9% from 2021 to 2028. (Ref 28) And with home education trend has skyrocketed to their highest level ever reached 11.1% in the United States (Ref 9), this trend is likely to stay!
Duolingo entered the EdTech market with a absolutely massive IPO earlier this year. With a report 40 million monthly users and 500 million downloads (Ref 10), the company is make lots of money in the EdTech space out.
“With recent global changes, 1.6 billion learners were thrown in the deep end of online learning pool and said to sink Where to swim. The catalyst to have 20% of the world’s population to become online learners overnight inaugurated a new era, Dawn of The era of digital learning.“(Ref 11)