Covid-19 has prompted experts to rethink the conventional mode of the education industry. With this in mind, digital education appears to be a viable solution. So as to fill in the void for classroom education. This could continue for a time span of three to four months. It will minimize the chances of any infection to students until classes resume. More importantly, it has also brought the issue of digital education to the centre stage. Going forward, digital education is likely to be integrated into mainstream education. Alternatively, Educational technology companies are taking online education to the next level. As a result, Ed-tech seen substantial growth in terms of new users entering the market. Therefore, players, such as UpGrad(50%), Vedantu(10x growth), CL Educate (100%), Imarticus Learning (54%), Simplilearn (15%) and Toppr (100%) have seen a sharp rise in new users.
However, in the long run, remote learning can be seen as a potential alternative to school education. Generally, face-to-face interaction is usually perceived as the best form of communication rather than the impersonalized nature of online learning.
Thus, the statistics below are taken from Industry data available pre-Corona virus impact.