According to the American analytical agency HolonIQ at the end of January 2022, there are 33 EdTech unicorns in the world. Their total valuation has already exceeded $100 billion. For comparison, in 2021 there were only 23 such companies with a total valuation of $77 billion.

As the director of the Russian office of the international EdTech company GoStudent, Maria Kislova, explained, this growth is due to several factors.

“Here are the consequences of remote study and work, and ubiquitous Internet access in every home, and the desire to receive a quality education service without spending money and time on the road, and the possibility of online education anywhere, and the request to bring the student with a suitable teacher in a one-on-one format, no matter where they are both located. All this creates the most attractive conditions for the development of the industry,” she said.

In addition, according to Kislova, the ratings of companies show that the market capacity is very large, and online education is in demand. Next year, as the expert suggests, the industry will show growth at least two or three times.

“Online education in general is becoming more competitive, we see that our colleagues in online education, like ourselves, have new educational “chips” every year. This is a competitive story. If only one person did this, he would be the king of the market, but there are many companies, everyone is trying to keep up the pace, and together we are pulling the trend of online education up and making it very high quality. Competition promotes progress,” Kislova added.

Earlier it was reported that the prospects for the development of EdTech solutions in Russia were discussed in the Public Chamber.

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