Is EdTech the next FinTech?
There is no doubting the fact FinTech has taken the world by storm. It has revolutionised the way we bank and it innovated the traditional concepts of financial services. However, with uncertainty surrounding Brexit yet to subside, has EdTech become the bigger and safer investor opportunity?
A huge market
The education market is huge. Yet so far, EdTech has been overshadowed by the opportunities in the FinTech industry. However, the rise of a new education has finally begun, and digitalisation is set to transform education just like it did with the financial industry. According to recent figures, the EdTech market will grow 17 per cent per year by 2020, numbers investors are unlikely to ignore.
A new transformation
For the past 100 years, education models have hardly changed. Mostly, a teacher still stands at the front of a classroom or lecture hall while children and students sit and listen with textbooks and printed documents open on their desks.
However, all of this is set to change. Digital technology is already evident in some classrooms, with more students than ever before using laptops and tablets to enhance their learning experience. Teachers are also using technology to bring their lessons to life and make their classrooms more interactive.
Why is EdTech so important?
The world is quickly becoming more aware of the digital skills gap among society. Soon enough, digital will be at the core of every industry, which is why advances in educational technology have never been more important in order to provide the next generation of students with the skills they need to be successful in any given sector.
EdTech is the next FinTech
There are more than 1,000 EdTech start-ups in Britain alone, and with the financial implications of Brexit still unknown, EdTech is the by far the safest bet for investors. Why? Because it remains constant and is somewhat sheltered from the political landscape. The opportunities it provides are almost endless, and it’s poised to overtake FinTech as the most profitable digitalised sector yet.
For more information on how Goodwille can support FinTech or EdTech companies starting up in the UK, get in touch with us today