SOUTH EAST ASIA: A “RISING STAR” FOR E-LEARNING AND ED-TECH IN 2022

Reshaping the future of education post-pandemic, the Ed-tech industry in SEA has become more dynamic and promising than ever. 

• Based on “EdTech Market Trend in SEA” report by SPEEDA, YOY user downloads of the top 5 EdTech apps in SEA increased by 233% compared with the year before the pandemic. This is a testament to the benefits of using software in education. 
• Over the past 5 years, the EdTech sector in South East Asia has seen investments worth approximately US$480 million in terms of venture capital, which proves its potential. 
• The number of Ed-tech players also increased. It is estimated that over 10,000+ have been in operation across SEA. 

As for Vietnamese market, according to an analysis by Ken Research, the market’s size might reach $3 billion by 2023, with a compound annual growth rate of 20.2% (between 2019 and 2023).

Among the top 4 key market trends, system integration is #1, as stated by Digital Learning and EdTech Expert (Singapore) Mohamad Ridwan Bin Othman. Schools in SEA should seize the chance to digitize their management systems to attract and retain customers in this day and age.

Resources:

(1): https://www.linkedin.com/pulse/edtech-southeast-asia-speeda/?trk=public_post-content_share-article

(2): https://www.febis.org/2022/08/29/vietnam-is-the-most-dynamic-edtech-market-in-asia/(3): https://irp.cdn-website.com/dfdb3685/files/uploaded/Edtech-in-Southeast-Asia-Octava.pdf