Global EdTech Market Value Set to Skyrocket & K-12 Tech Leaders Push for Stricter Cyber Security Policies

Flip Livingstone 25 May 2023

In the latest version of our EdTech news round up, we take a look at a recent report highlighting the booming global EdTech business market and the major reasons driving this growth.

We also take a brief dive into the heated discussion around cyber security, specifically, for K-12 tech leaders. With school cyber attacks on the rise, educators and administrators are demanding more robust plans to address growing cyber security challenges in schools.

Global EdTech Market Value Set to Triple by 2027

Increased adaptation of technology across all levels of education is one of the major reasons the global EdTech market will see its value increase from $110,961 million in 2021 to over $339,000 million by 2027, according to a recent independent research report.

Of course, the EdTech market encompasses a wide range of products and services catering to various educational levels from preschool all the way through to higher education. This offers up huge potential for companies to provide tailored solutions for students and teachers of all ages and needs. In other words: it offers up major opportunities to make money. According to the report, the EdTech market is witnessing a surge in demand which is directly leading to the influx in market value, one that is expected to continue to grow rapidly over the next few years.

As the EdTech industry continues to embrace innovation and leverage technology to support both students and educators, the market value will see even more significant growth.

Cyber Security a Top Priority for K-12 Tech Leaders for 5th-Consecutive Year

Digital image of lock and key to signify cyber security. Over the past decade, we’ve witnessed a serious shift in priorities and commitment to addressing cyber security challenges from K-12 tech leaders.

According to a recent report by the Consortium for School Networking (CoSN), this is the fifth consecutive year solving cyber security problems and developing better plans to protect students topped the list of priorities for K-12 tech leaders.

Between 2016 and 2022, there were 1,619 publicly disclosed cyber attacks on schools, which lead directly to disruptions in teaching and grading, as well as administrative functions all while leaving sensitive data and information at risk.

Despite obvious challenges in funding and cut budgets, more school districts are instilling and training IT professionals into their teaching staff in an effort to boost security. However, there is still clear room for improvement, as many schools and districts provide no training to their teachers, administrators, or support staff.