The Key Characteristics Of A Successful EdTech Business Model
The Key Characteristics Of A Successful EdTech Business Model According to Statista, the EdTech market is expected to reach a stunning $18.66 billion by 2027, indicating that this sector’s growth is not slowing. This dramatic rise prompts the question, “What are the key characteristics of a successful EdTech business model?” Certain characteristics have come to define the triumph of EdTech firms amidst the rapid expansion of online learning platforms, mobile apps, and virtual classrooms. For starters, personalisation has taken precedence. The capacity to adjust instructional content to various learning styles encourages participation and improves learning outcomes. As a result, EdTech companies with platforms that combine adaptive algorithms and data analytics have a competitive advantage. Furthermore, accessibility is an important consideration. The internet’s worldwide reach has allowed EdTech to transcend geographical boundaries, making quality education accessible to remote a...