In the recent years following the global boom in technology, India has also expressed and asserted its desire to follow in the steps of the developed nations to implement technology in various fields. In this world of technology where it is omnipresent everywhere and in every possible form, the desire to be technology enabled and educated with its applications is nonetheless immense in nature and intensity.
In the past few years, India has decided to revolutionize education with extensive use of technology in this field. The use of technology in education will not only help the people but also the nation as a whole in the long run. Better late than never, India’s education think-tank has finally realized how important technology is in this modern world and how can it utilize its magical applications to revolutionize education in India.
A recent report estimates that from the current $35 Billion e-education market, India is all set to alleviate that to a $50 Billion market within the year 2015. An already booming sector in the India’s financial market, its rise will result from increased sponsorship of the government in technology aided projects and schemes. Moreover, the rising Indian economy means that the cash flowing inside the nation will increase the status of technology in education in the private sector too.
Most interestingly, it is never a single step pr a single body whose implementation of e-Education will revolutionize the entire scenario. But, instead it will be the presence of technology in every nook and cranny and every geographically diverse parts of the country which will help the cause.
The technology that is used in education in India is still in its evolutionary and primitive days which are hardly comparable to those already in use in the developed parts of the globe. The edX platform that is already in place and operational in the world renowned universities of MIT and Harvard are technological marvels in their own rights. Moreover, not only are they helpful but they also non-profitable in nature.
Various pilot projects are now starting up in universities and schools which deliver direct classes from teachers to their students in the virtual form. Many private schools in India, for example, have implemented smart classes in their organization which helps their students to gain enhanced and varied knowledge just by a click of the mouse.
Educomp is a common name in the e-Education field in India which we often come across many a time. Not only Educomp but much similar stuff is already present in the market assisted by many technical bodies that provide education related technical services.
“The education sector is a booming market in India and will grow further as $1 Billion will be further invested in the sector by venture capital firms and private equity. The introduction of technology will further increase this market in the coming days,” says ASSOCHAM.
As investments which provide education related with technology will receive most of the funds, the market is thus more set to grow and register a dynamic nature in the coming years.