By Ms. Kavita Sharma
In an age marked by swift technological strides and an interconnected world, personalized education technology (edutech) platforms are reshaping the way we learn. As traditional educational models evolve, edutech companies are expanding globally, tapping into unexplored markets to offer tailor-made educational experiences. India’s edutech industry, which was estimated to be worth $750 million in 2020, is expected to grow at one of the fastest rates in the nation—at a compound annual growth rate (CAGR) of 39.77 percent, to reach $4 billion by 2025.
The edutech industry has experienced remarkable growth, leveraging artificial intelligence, machine learning, and data analytics to cater to individual learning styles. With these technologies advancing, edutech companies are looking beyond their home turf and venturing into diverse markets.
One pivotal reason for this international push is the acknowledgment of varying learning needs across regions. Each student is unique, and personalized edutech platforms aim to bridge the educational gap by addressing individual strengths and weaknesses. This emphasis on customization aligns with the global education outlook, prompting edutech companies to think beyond borders.
An inventive approach to global expansion involves forging partnerships with local educational institutions. By collaborating with schools, colleges, and universities in new markets, edutech platforms can seamlessly integrate their personalized learning solutions into existing educational frameworks. This not only facilitates a smoother entry into foreign markets but also ensures a culturally relevant and contextualized learning experience for students.
For example, a personalized edutech platform specializing in language learning might join forces with local language schools. This collaboration enables the platform to understand the linguistic nuances of the region, ensuring that personalized learning algorithms are culturally sensitive and effective for local learners.
In addition to cultural adaptation, addressing the unique challenges and opportunities of each market is essential. Edutech companies can employ a market-centric strategy by conducting thorough research on the educational landscape, regulatory frameworks, and technological infrastructure of the target countries. This approach allows them to tailor their offerings to the specific needs and preferences of the local population.
Moreover, a multilingual approach is crucial for success in global markets. Personalized edutech platforms must not only adapt their content to different languages but also consider the cultural context in which education is delivered. This goes beyond mere translation; it involves integrating culturally relevant examples, case studies, and interactive elements that resonate with the target audience.
The concept of “edupreneurship” is gaining traction as edutech companies explore new markets. Edupreneurs, individuals passionate about education and entrepreneurship, can serve as local ambassadors for personalized edutech platforms. By collaborating with edupreneurs who understand the educational ecosystem of a particular region, edutech companies can navigate the intricacies of the local market more effectively.
The rise of mobile technology and internet accessibility has also opened up opportunities for global expansion. Edutech platforms can leverage mobile learning apps and online platforms to reach learners in remote or underserved areas. This democratization of education aligns with the broader goal of making quality learning accessible to all, irrespective of geographical constraints.
In a nutshell, the global expansion of personalized edutech platforms signifies a transformative journey into uncharted territories. By embracing innovative approaches such as collaborative partnerships, multilingual adaptation, and market-centric strategies, these platforms can create a meaningful impact on the global education scenario. As the world becomes increasingly interconnected, personalized edutech has the potential to break down barriers and empower learners worldwide to unlock their full potential.
(The author is Ms. Kavita Sharma, Co-founder and CEO, Ziyyara Edutech, and the views expressed in this article are her own)