Great Company Companies Jockeying for Position in $106 Billion EdTech Market; Who’s in Front?
June 15, 2021
NetworkNewsWire Editorial Coverage: Last year changed the world in unexpected ways, as people and businesses looked to keep moving forward in the face of a global coronavirus pandemic. In many instances, COVID-19 simply accelerated the inevitable, such as trends towards digitization while lockdown orders were in place. Perhaps the most significant example was in education, where students from grade school to college went 100% virtual for the first time in history. Education technology, or edtech, is a hot trend that, even as the pandemic wanes, isn’t showing any signs of slowing among today’s generation of digitally native learners, as evidenced by analyst forecast and upstarts such as Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) (Profile), which is partnering with juggernaut Microsoft Corporation (NASDAQ: MSFT) for solutions to transform higher education. As it happens, Facebook Inc. (NASDAQ: FB), Alphabet Inc. (NASDAQ: GOOGL) and Coursera Inc. (NYSE: COUR) have also dedicated considerable resources reimaging education and democratizing learning for everyone, everywhere.
- The global edtech market is estimated at $106 billion and forecast to expand at a 19.9% CAGR through 2028.
- Nextech AR Solutions lists numerous leading educational institutions as clients and partners.
- The company recently launched its EdTechX platform, with customers already coming on board.
- EdTechX quickly achieved co-sell ready status with Microsoft, a partnership reserved for proven companies with highest-quality tech.