Education Technology Market Poised to Grow with Rising Demand


Posted August 24, 2017 by akshb08

The Global education technology market is expected to grow from USD 43.27 Billion to USD 93.76 Billion to 2020, at a CAGR of 16.72%

 
According to a new market research report, "Education Technology (Ed Tech) and Smart Classrooms Market by Hardware (IWB, Projectors, Displays, Printers), Systems (LMC, LCMS, LCDS, SRS, DMS), Technologies (Gaming, Analytics, ERP, Dashboards) - Global Forecast to 2020", published by MarketsandMarkets, published by MarketsandMarkets, The global Education Technology Market is expected to grow from USD 43.27 Billion  by 2020, at a CAGR of 16.7%.

Browse 121 Tables and 53 Figures spread through 189 Pages and in-depth TOC on "Education Technology (Ed Tech) and Smart Classrooms Market"

http://www.marketsandmarkets.com/Market-Reports/educational-technology-ed-tech-market-1066.html
Early buyers will receive 10% customization on this report.

Education technology is the study of improving performance of the students with help of various technological process, tools and mediums. Otherwise known as EdTech, this is a study of facilitating e-learning and educational experience. The concept of smart classrooms, enabled with advanced and interactive tools is gaining popularity across the world. Although new, market is showing great potential for future in terms of growth and innovation. Revolution in information technology is a positive influence for the adoption of these technologies across developing countries, which is a vital driver for the industry.

Market trends for Education Technology

Smart classrooms enabled with EdTech help effective integration of flexible teaching technologies that combine learning with boosting intelligence and performance through utilizing, creating, and managing various technological processes. Thanks to growing applications of these flexible methodologies, many traditional classrooms are being replaced with education technology. This is creating significant growth in global market. EdTech and smart classroom markets comprise of advanced education systems, technologies and hardware.


Rapid changes in the teaching culture across the globe, involvement of information technology in different walks of life and continually evolving smart technologies provide major boost to the global EdTech industry. On the other hand, industry are concerned, changing cultures, intra regional barriers and budgetary constraints are some major challenges that the industry needs to overcome. Researchers study the global market for these technologies on various parameters including the socioeconomic factors, political, cultural and regional aspects, segmentation and prevailing market trends.

Researchers have analyzed all the aforementioned factors while creating forecasting reports for the timeframe of next four to five years. According to in-depth analysis about all these segments, the global education technology market is expected to grow at a healthy CAGR of over 13% from 2013 to 2018. During the forecasting period, the market is estimated to grow from $31.31 billion in 2013 and reach past $59.90 billion by the end of year 2018. These figures are impressive considering the maturity and current global existence of the market.

According to the research, hardware segment of the education technology market was dominating the global market. The same segment is poised to witness highest market shares during the forecasting period. This trend will automatically create maximum opportunities for growth, investment and expansions in the smart classroom industry. Based on geography, North America is set to dominate the global market, which will be followed by other regions like Europe, Asia Pacific and rest of the world.

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850-fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets
Website Education Technology Market Poised to Grow with Rising Demand
Phone 1-888-600-6441
Business Address 701 Pike Street Suite 2175
Seattle, WA 98101, United States
Country United States minor outlying islands
Categories Education , Software , Technology
Tags education technology market , smart classroom market
Last Updated August 24, 2017