Edtech, or educational technology, is making waves in the technology sector as companies leverage new patents to innovate and enhance their businesses. From assessing cognitive and mood states in virtual environments to improving language fluency and nutrition management, these patents enable companies to offer cutting-edge solutions in personalized learning, writing analysis, and technical documentation. GlobalData’s edtech market report provides comprehensive analysis of the market. Buy the report here.
This article presents a quarterly round-up of the latest trends in the technology industry regarding edtech. It provides an overview of recent developments in edtech-related deals, talent acquisition, and patent filings within the technology industry.
Diverse applications of edtech in technology industry
Technology companies in the edtech sector are leveraging innovative patents to enhance their educational offerings and operational efficiencies. Notable advancements include a training system utilizing extended reality (XR) to create immersive learning scenarios, which can significantly improve user engagement and retention. Additionally, a learning management system that tailors course delivery based on individual performance metrics promises to optimize training effectiveness. A teacher data editing assistance system aims to mitigate bias in educational assessments, fostering a more equitable learning environment. Furthermore, telematics technology is being employed to make driver education more accessible and cost-effective for teens. These patents collectively position companies to deliver more personalized, efficient, and inclusive educational experiences.
The industry experienced a 20% decline in the number of edtech-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of edtech-related patent applications in the technology industry witnessed a drop of 6% compared with Q2 2023.
Strategic deal trends in edtech in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in edtech. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of edtech in the technology industry.
In Q2 2024, the number of edtech-related deals in the technology industry grew by 23% compared with Q2 2023. On a quarterly basis, there was 23% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the technology industry experienced a 13% drop compared with the previous quarter. On an annual basis, job postings also declined by 9%. Notably, computer and mathematical occupations, with a share of 24%, emerged as the top edtech-related job roles within the technology industry in Q2 2024, with new job postings drop by 24% quarter-on-quarter. Management occupations came in second with a share of 18% in Q2 2024, with new job postings dropping by 23% over the previous quarter. The other prominent edtech roles include business and financial operations occupations with a 7% share in Q2 2024, and sales and related occupations with a 4% share of new job postings.
Blackboard, Campus Management, TomTom, Compal Electronics, and Sinbon Electronics are among the top companies leading in edtech hiring within the technology industry.
Countries driving adoption of edtech in technology industry
The US is the leading country in edtech adoption within the technology industry, boasting the highest number of edtech-related patents, jobs, and deals. Meanwhile, China, India, the UK and South Korea also maintain significant positions in edtech adoption within the technology industry.
In conclusion, despite a decline in patent applications and job postings, edtech continues to drive innovation and strategic investments in the technology industry. With growing adoption in key markets like the US, China, and India, the sector remains poised for impactful advancements in personalized and inclusive education.
To further understand GlobalData's analysis on edtech in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
