๐Ÿง‘โ€๐Ÿ’ปFilling the Digital Skills Gap

The global digital skills gap and challenges in the traditional education system are prompting government investment, partnerships, and the emergence of commercial solutions to ensure future workforces are digital ready.

Happy Monday ๐Ÿ‘‹

This week we're focusing on the technology upskilling market. Log into the Platform for access to the full brief on this topic and don't forget to check out the 2024 Global Education Outlook. Sign up for our new Daily Newsletters Chart of the Day and Impact Capital Markets.

๐Ÿง‘โ€๐Ÿ’ป Tech Upskilling Landscape

The global digital skills gap, which is estimated to bring a shortage of over 85 million tech workers and annual revenue loss of $8 trillion by 2030 is impacting major economies such as the US, Europe, China, Japan, among many other countries. Governments globally are creating incentives, investments and partnerships to ensure their future workforces are digital ready. However traditional education systems are not well equipped to deliver to the scope and scale required, prompting a range of commercial solutions in the market. For example, tech giants such as Amazon, Microsoft, Meta, Cisco, and IBM have announced initiatives to train the workforce, especially in emerging economies, while traditional providers like Pluralsight and New Horizons offer personalized, employer-led programs. Bootcamps and MOOC models, including Le Wagon and Coursera, provide fast-paced, market-tailored courses and platforms like GitHub and Free Code Camp foster collaboration and open platforms for digital learning. Companies such as Cybrary offer specialized technology courses, while Camp K12 and Codemao concentrate on K-12 technology literacy.

HolonIQ Market Map - Tech Upskilling

HolonIQ tracks the tech upskilling solutions market, with thousands of organisations and market developments. Check the Tech Upskilling Topic for companies, charts, reports and data on this evolving market.

Tech Upskilling Market Map. Source: HolonIQ

๐Ÿ”ฎ 2024 Global Education Outlook

Just a few weeks ago, we launched the 2024 Global Education Outlook, HolonIQ's annual analysis of the global education economy, presenting over 180 pages of detailed market data, investment & analysis, strategic shifts and trends in education. Download the extract or purchase the full report. You may also be interested in our Global Economic OutlookGlobal Climate Tech Outlook and Global Health Tech Outlook.

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๐Ÿ“ˆ Education Capital Markets

HolonIQ tracks over 300 listed education companies and has the most comprehensive coverage of education acquisitions and investments. We powered the world's first Education Technology ETF and soon we launch a range of Stock Indices to track the daily performance of early Childhood, K12, EdTech, Tutoring and Test Prep and Higher Education companies worldwide.

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Source. HolonIQ

๐Ÿงจ Digital Transformation in Higher Education

Digital adoption and transformation remain the biggest challenge for universities (followed by funding/budget cuts, then student academic outcomes) according to the most recent result from HolonIQ's annual Higher Education Digital Transformation Survey. We are still gathering feedback from our Global Higher Education Panel and would love to hear from your institution! Participants of this research receive a full report and can nominate their institution for a HolonIQ Case Study. Participate.

Higher Education Digital Capability Framework (HEDC)

The HEDC framework offers an overarching view for institutions to map and benchmark digital capabilities across the learner lifecycle, ultimately to support practical and sustainable approaches to digital services and online learning. Learn more about the HEDC and use the Miro Template to kick off conversations at your institution.

๐Ÿ’ฐ Education Deals of the Week

HolonIQ actively monitors and tracks deals that take place in the Education landscape, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter for a feed of top deals each day.

๐Ÿซ University Grants

๐Ÿ‡บ๐Ÿ‡ธ The University of Pennsylvania received an $83.9 million gift from alum Dr. Roy Vagelos and his wife, Diana, for science initiatives.

๐Ÿ‡บ๐Ÿ‡ธ Georgia State University's National Institute for Student Success (NISS) secured a $7.6 million grant from the U.S. Department of Education's Postsecondary Student Success Program to research the impact of chatbots on student outcomes.

๐Ÿ’ฐ Funding & Acquistions

๐Ÿ“ฑSaudi Arabia based iStoria raised $1.3 million to enhance its English language teaching platform in partnership with Oxford and expand its global reach.

โœ๏ธ ETS, the operators of the TOEFL and TOEIC English exams, acquired PSI, the parent company of the Skills for English test.

๐Ÿ–ฅ Google TechX acquires Edlyft AI Tutor, leveraging a generative AI platform developed in collaboration with Google's Tech Exchange program.