Which Education Trends Can Be Expected To Grow In The Next 10 Years?
The global education market is expected to reach at least $10T by 2030 due to population growth and technological innovation. In order to best accommodate educational institutions, it’s crucial to think of where we are now and what trends to look out for in the next 10 years.
Alemira offers three points to consider, as learning models adapt to technological change and consumer demand.
So, which education trends can be expected to grow in the next 10 years?
Education Trend #1: Digital Transformation
The first and most obvious trend is digital transformation. No matter what type of institution, education is transitioning into an online model. Many universities have shifted in the past year to fully online or hybrid classrooms due to safety concerns, and there’s an abundance of advantages for online learning.
Virtual education is accessible and flexible. Fundamental courses can be completed at home, limiting costs at physical facilities. And instructors, as they become more comfortable using online platforms, can provide a more engaging learning model.
The standard for future universities could range from 75-100% remote learning.
Education Trend #2: Alternative Credentials
The second trend to look out for is alternative credentials. While traditional degrees are still likely to remain valuable, more emphasis will be placed on certificates from bootcamps and other online courses.
Current students want courses that are career-relevant and technology-focused, like coding and business advancement. Moody’s, a credit ratings firm, says that in addition to the pandemic forcing previously reluctant universities to expand digital capabilities, corporate partnerships with higher education for short-term credentials are projected to expand.
Google, IBM, Microsoft, and other major tech corporations are starting to drop degree requirements in favour of skills-based credentials.
Education Trend #3: Lifetime Learning
The third trend, which is closely related to the second, is lifetime learning. A four-year postsecondary degree has become more expensive and the payoffs are uncertain. Not only do individuals commonly have multiple jobs in their lifetime, but they are also likely to change careers several times.
Moreover, technological advancements cause-specific skills to become obsolete, so an increasingly globalized and automated workforce needs to continuously learn and adapt to the skills that are required.
Four areas of innovation are emerging to meet the changing needs of the lifetime learner:
- social learning,
- creation spaces,
Collectively, their growing ecosystem is prepared to meet the needs of the future workforce.