Technology has found its way into every aspect of our daily life. The education sector hasn’t been spared by it too. However, it will only help it to advance and enhance in the long run. The financial year 2018-18 saw a Union Budget of INR 79,685.95 crore provided for the education sector. The figure was a 10 percent rise from the previous financial year. Out of it, a huge sum of money is also reserved for the development of smart learning. This aim is to encourage the distance learning providers and e-teachers to educate India smartly.
If we look at the global scenario, the 2017-2021 period will see the rise of artificial intelligence market in the US at a CAGR of 47.50 percent. Back home, the smart education system is predicted to increase with a CAGR of 16.76% during the period from 2016 to 2020. The government aims to raise the current enrolment ratio to 30 percent. This will boost the growth of distance education.
Technavio recently published a report which states the growth of smart classrooms market in India. It is expected to grow at a CAGR of more than 20% during the forecast period of 2016 to 2020. Smartphones are playing a major change in the revolution. We come across numerous mobile applications that help to solve problems related to mathematics, physics, English, physics, chemistry etc. There are apps even for preparation of world-level examinations like CAT and JEE.
It is safe to say that the sector which was stagnant for a long time is heading towards a technological change. Change is the only constant here.