1. Digital Transformation of Education
Digital education is already a $100 billion market in the U.S., and 2-3x larger globally. Across education markets, all business processes are moving online,including marketing and enrollment, financial aid, student support, re-enrollment, career services, and advancement. Covid has massively accelerated movement to digital education across K-12, postsecondary, and corporate training.
The reach of digital technology in education has doubled in the last five years, and edtech spending is projected to double in the next five years. At the same time, the market capitalization of education and training companies is less than 1/10 that of healthcare companies. A great deal of value will be created in edtech over the next decade.