Dive Brief:
- A confluence of factors will make Asia the epicenter of global education technology efforts, both on the K-12 and higher education levels, according to EdSurge.
- Asia has the largest K-12 and higher ed enrollments, high rates of Internet use, highly competitive testing, and a wide range of incomes, all of which will affect the U.S. market and its education companies, colleges and universities, and investors.
- By 2018, 23% of the global $53 billion self-paced e-learning market will come from Asia, and by 2020, Asia’s mobile-learning market will grow to $12.3 billion, up from $2.3 billion in 2014.
Dive Insight:
EdSurge lists some other figures backing its Asia-will-dominate argument: By 2017, 64% of the global games market and 27% of the simulation-based learning market will come from Asia. By 2020, Asia will have 55% of the 25- to 34-year-olds with a tertiary education. Several ed-tech companies are focused on Asia growth, including Open English, Duolingo, the China-based Tutor Group, and a recent partnership between Knewton and Korean-based Chungdahm Learning.