Education Technology Market predicted to reach $285.2B by 2027 -Grand View Research, Inc

PR Newswire | July 20, 2020

The global education technology market size is anticipated to reach USD 285.2 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technology has revolutionized the process of learning. From Massive Open Online Courses (MOOCs) to virtual classrooms, the education technology (EdTech) sector has emerged rapidly, leading to an influx of massive investments worldwide. Countries across the globe are realizing the potential of integrating technology to enhance student learning, enabling education leaders to undertake range of initiatives in integrating EdTech into their education systems, schools, and classrooms. Developed economies, including U.S., U.K., and Germany, are at the forefront of developing and introducing innovative education technology offerings, supporting education administration, student and community engagement, and reducing teacher workload. On the other hand, emerging economies, such as India, are focusing on utilizing such technologies to provide access to educate their population. As a result, EdTech is anticipated to foresee substantial growth in such economies to educate the rapidly growing population rather than building a well-developed institute.

Spotlight

Globibo's e-Learning Interactivity Levels enhance the learning experience with varying degrees of engagement.
Level 1 offers basic navigation and content display, while Level 2 includes quizzes and assessments. Level 3 incorporates interactive elements like drag-and-drop exercises, simulations, and branching scenarios. Level 4 brings gamification elements for increased motivation. Finally, Level 5 features immersive experiences with virtual reality and augmented reality.
With these diverse options, learners can interact and participate actively, ensuring effective and engaging learning journeys.

Spotlight

Globibo's e-Learning Interactivity Levels enhance the learning experience with varying degrees of engagement.
Level 1 offers basic navigation and content display, while Level 2 includes quizzes and assessments. Level 3 incorporates interactive elements like drag-and-drop exercises, simulations, and branching scenarios. Level 4 brings gamification elements for increased motivation. Finally, Level 5 features immersive experiences with virtual reality and augmented reality.
With these diverse options, learners can interact and participate actively, ensuring effective and engaging learning journeys.

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ACE Partners with the Center for Financial Training, Expands Opportunities for Business Professional Development

PRnewswire | June 29, 2023

Creating more education opportunities for business professionals, American College of EducationⓇ (ACE) has partnered with the Center for Financial Training (CFT). The collaboration allows CFT course completers to apply earned credits to an ACE bachelor's-completion degree at a 3% tuition reduction. It also provides professional and career advancement opportunities to an increasing population of adult learners with college credit but no degree. CFT provides industry-related education and training for bank and credit union employees for career advancement and professional development. Taught by experienced subject matter experts, completers learn the latest trends in finance from entry-level skills to management enhancement. "At ACE, we aim to expand opportunities for business leaders to upskill and advance their careers through education," ACE President and CEO Geordie Hyland said. "CFT has the same mission, and we're excited to combine our resources to contribute to today's evolving business landscape." "Partnering with ACE provides us a way to extend our coursework into degree programs for finance professionals," Vice President of CFT Renee Few added. "Working in finance requires continued educational opportunities and creating a link for our course completers to go even further with their development is at the heart of what we do." About American College of Education American College of Education (ACE) is an accredited, 100% online college specializing in high-quality, affordable programs in education, business, leadership, healthcare and nursing. ACE is ranked #2 on Newsweek's 2023 top online colleges list. Headquartered in Indianapolis, ACE offers more than 80 innovative and engaging programs for adult students to pursue a doctorate, specialist, master's or bachelor's degree, along with micro-credentials and graduate-level certificate programs. In addition to being a leader in online education, ACE is a Certified B Corporation. About Center for Financial Training The Center for Financial Training (CFT) is an industry-supported adult education and training nonprofit organization that has been providing continuing education courses and professional development programs for members of the financial industry since 1901. CFT courses are designed for multiple experience levels and areas of responsibility, and offer students up-to-date, practical, industry-related information, and skills. The skills help employees work smarter and better, improving their on-the-job performance and productivity.

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Spark Education Announces Brand Upgrade Ahead of Offline Learning Center Launches

PRnewswire | August 07, 2023

Spark Education Group, ("Spark" or "the Company"), one of the world's largest providers of small-group online classes for K-12 education, is announcing a brand upgrade from "VISPARK" to "Spark Education". As Spark Education, the company will expand upon its flagship Spark Math program, offer additional subjects, and introduce its interactive experience in offline learning centers around the world. This transformative shift reflects the edtech's commitment to continuously improving learning experiences for students and educational outcomes, all while ensuring a fun and stimulating learning environment. Spark Education unveils brand upgrade with enhanced experiences • Spark Math: Complete learning system from foundations to competition math To better serve students at all levels, Spark is introducing additional features (such as daily practice, knowledge mapping, and other assessments.) Additional program options are being introduced to support students with diverse learning needs, from those looking to build a strong foundation to those looking to excel in top-tier math competitions. • Learning Centers: New locations in Singapore and San Francisco At many parents' requests, Spark is expanding its award-winning interactive learning experience to offline learning centers, introducing interactive components and hands-on learning elements in small-group classes. Look for us in Singapore at i12 Katong, the San Francisco Bay Area, and Vancouver Canada • Expanded Offerings: Same great interactive learning experience, more subjects Spark has continued to invest extensively in research and development. In the coming months, it will continue to unveil new subjects with the brand upgrade including Spark Chinese, Spark Chess, and Spark Coding (coming soon). "This is an extensive brand upgrade that we hope will help parents and students around the world better connect with us," Tina Chen, VP of Brand at Spark commented. "The brand upgrade to Spark Education clearly articulates our focus on education, and the essence of 'Spark.' We aspire for all students to be able to find their inner calling and discover meaning in their lives. 'Spark' also signifies the enlightening of others. Our mission is to Spark passion for learning and ignite lifelong growth. With Spark Education, we hope to bring this to life in a fun and stimulating way for students around the world, both online and offline." About Spark Education Group Founded in 2017, Spark Education Group is headquartered in Singapore. Its portfolio of education brands combines research-based pedagogy with technology to improve the learning experience and educational outcomes for students around the world. It was recently accredited by STEM.org, awarded "Best Interactive Learning Experience" at EdTech Asia Summit, and recognized as a Parent and Teacher Choice Award Gold Medal Recipient.

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Talent Development

School of Rock Sets Sights to Amplify Music Education in Orlando, Florida

PRnewswire | July 12, 2023

School of Rock, the leader in performance-based music education with over 335 schools across 15 global markets, is looking to expand its presence in Orlando, Fla. "With Florida ranked third in the U.S. for small businesses, it has become a vibrant hub for entrepreneurs, attracting American and international visionaries alike," said Rob Price, CEO of School of Rock. "Recognizing the tremendous potential this state holds for our music education franchise, we are eager to bring the transformative power of School of Rock to Orlando by nurturing talent, fostering creativity, and empowering individuals to pursue their musical passions. We aim to contribute to Florida's vibrant cultural landscape and inspire communities across the Sunshine State." School of Rock provides students of all ages an exciting and engaging music education experience, which includes bass lessons, guitar lessons, singing lessons, drum lessons, and piano lessons. Drawing from all styles of rock and roll, School of Rock students learn theory and techniques via songs from legendary artists such as Aretha Franklin, Lenny Kravitz and Led Zeppelin. Thanks to the school's patented performance-based approach, students around the world have gained superior musical proficiency, with some moving on to record deals and larger platforms such as American Idol, The Voice and Broadway. With over two decades of experience, the world's largest music education franchise provides entrepreneurs with the opportunity to quickly plug into a global brand with a proven business model, a trailblazing educational approach, and a franchisee-focused culture. Through the power of music, prospective franchise investors have the ability to positively impact the lives of their students and their community as a whole. "As owners and operators of multiple School of Rock locations for 15 years, we continue to witness firsthand the ongoing significance of active involvement in an organization like this," said Burny Pelsmajer, owner of multiple School of Rock locations across Florida. "Countless students have passed through our walls, who have benefited not only from arts education in general but have grown into capable, creative, socially well-adjusted young adults because of the School of Rock culture and teaching approach. We're not making musicians. We're creating butterflies out of caterpillars." The initial investment for a School of Rock franchise is approximately $395,800 – $537,400 including a $49,900 franchise fee. Ideal candidates, or groups of investors, will have a net worth of $350,000, of which $150,000 is liquid. Additionally, U.S. military veterans receive a special discount on their initial franchise fee. About School of Rock School of Rock helps aspiring musicians master skills, unleash creativity, and develop tools they need to thrive in life. Founded as a single school in Philadelphia, Pa., in 1998, School of Rock has become a rapidly growing international franchise with over 500 schools open and in development across 15 global markets. Since 2009, School of Rock has grown its student count from 4,000 to over 60,000. School of Rock offers a wide variety of music lessons, including guitar lessons, singing lessons and piano lessons. The company also sells musical instruments and music gear through its GearSelect program. School of Rock is proud to support Music Will (formerly Little Kids Rock), the National Museum of African American Music (NMAAM), and the Society for the Prevention of Teen Suicide (SPTS). School of Rock was awarded US Patent 10,891,872 in 2021 for its innovative music education method. School of Rock also has garnered the following industry awards: 2023 Global Franchise Grand Champion; 2023, 2022 and 2021 Global Franchise's Awards Best Children's Service and Education Franchise; 2023 Entrepreneur Magazine's Franchise 500 Top Children's Music Enrichment Brand; 2021 Franchise Innovation Award for Most Innovative Use of Customer-Facing Digital Tools; Franchise Business Review's 2023 Top 200 Franchises and Culture 200 list; 2020 Entrepreneur Magazine's Top 200 Franchise and the #1 Child Enrichment Franchise; and 2018 Forbes # 2 Best Franchise Medium-Level Investment Award and the #1 Music Franchise in America.

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