Making impact with
Education is the key to upward socio-economic mobility and escaping poverty. The global economy faces a skills gap estimated to be $8.5 trillion by 2030 driven principally by automation according to UNESCO. In addition, learning outcomes and teacher shortages remain skewed and highly unequal globally.
Innovative technology-enabled solutions can reshape educational systems and tools across the spectrum of learning. From early childhood to corporate and lifelong learning, technology is allowing the delivery of accessible, affordable and learning-outcomes-driven educational tools.
The Market Opportunity
Education Technology (or “Edtech”) is a fast-growing and maturing market segment estimated to be a $183 market in 2021 (with forecasts estimating a CAGR of 16% through to 2026). The market has accelerated post COVID-19 with increased uptake of digital learning tools and new ways of working.
The UN’s Sustainable Development Goal for education aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. It is these dimensions of improved access, affordability and the quality of learning outcomes that should be embedded in business models to drive positive social impact.