Thank you Elite Business for featuring this article — "The rise in self-funded learning generates more entrepreneurs."
The pandemic not only changed the world of work and the way we live, but it also impacted the way we perceive our place in it.
There are people across the globe who have become dissatisfied with their 9-to5 jobs, working tirelessly for someone else to receive a mediocre salary. They’ve taken action to research and explore ways to improve their skill set and start their own business ventures.
The world of education technology (EdTech) has facilitated this shift, as online platforms were created that offer people tailored courses to enhance their existing skills or create new ones. The reality is that pre-pandemic, we relied heavily on instructor-led and on-the-job training within the workplace and then the pandemic pushed everyone into e-learning, where a multitude of courses became available, designed to upskill or reskill the learner.
According to a recent report carried out by Holon IQ, a global edtech research company, the EdTech industry is growing at a 16.3% compound annual growth rate (CAGR) and will grow 2.5x from 2019 to 2025 to reach $404 billion in total global expenditure.
- Roger James Hamilton
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