Now you may be wondering how this jives with the standard storyline in education around budget cuts, meager salaries and lost extracurriculars. While it's true that not all schools have money to burn, consider this: Schools and other institutions are starting to require more documentation and data reporting. This means they will have to shift their spending away from traditional processes and systems to more tech-forward options.
On top of that, the edtech market is not limited to educational institutions. Consumers and corporations play a huge role in this space. In fact, consumer-focused edtech companies raised $3.85 billion in 2017, and company-driven ones raised about $3.79 billion, according to Forbes