LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global digital classroom market is expected to reach USD 100.54 billion by 2020, growing at a CAGR of close to 13%.
“Technology has positively influenced the education vertical with a significant increase in use of IT-based products. It has radically changed the way in which education is being delivered in schools and higher education institutions.”
This research report titled ‘Global Digital Classroom Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. To calculate the market size, the report considers the revenue generated by vendors through sales of hardware, content, and software to the K-12 and higher education segments.
Over the past decade, the education system has been experiencing an exponential change in the teaching delivery model. The pedagogical system is capitalizing on the opportunity to use technology to its fullest potential. Governments across the world are releasing funds and grants to support educational institutions to adopt modern and advanced methodologies to impart education. By doing so, governments can facilitate the digitization of educational systems in respective regions and countries.
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Technavio’s education analysts categorize the global digital classroom market into three major segments by product. They are:
- Digital classroom hardware
- Digital classroom content
- Digital classroom software
Global digital classroom hardware market
PCs are expected to form the largest share in the market, with shares of 79.18% and 83.01% in 2015 and 2020, respectively. The segment consists of products such as desktops, laptops, and tablets. Robust and cost-effective attributes of desktops are resulting in educational institutions in the emerging markets to adopt them.
According to Jhansi Mary, a lead education technology research analyst from Technavio, “Technology has positively influenced the education vertical with a significant increase in use of IT-based products. It has radically changed the way in which education is being delivered in schools and higher education institutions.”
Global digital classroom content market
Digital classroom content consists of educational content designed for students and faculty. Various educational institutions have increased the demand for digital content suitable for imparting the desired knowledge to students. Some schools with advanced ICT have started adopting online learning materials to reduce teachers' workload. In addition, the implementation of digital content is also to transform the whole traditional teaching methodology into more interactive and collaborative sessions.
“The digital classroom content has significant penetration in developed economies. This is because of the existing technological solutions and infrastructure to support the desired content in these regions,” says Jhansi.
Global digital classroom software market
The digital classroom software segment consists of revenue generated by various software such as LMS, lecture capture solutions, content authoring tools, and various other software. These cumulatively offer an adequate platform to impart digital content to the users.
Digital classroom software plays an important role in enriching the learning experience for students. Educational institutions have increased their budget to include more collaboration, interactivity, assessment, and ERP systems in their delivery methods. Continuous innovation in delivery methods and technological advances are providing a platform for the adoption of digital classroom software. In schools and colleges, these software solutions are being widely adopted to access student details and progress reports. This information will help teachers devise strategies and plans to improve student success and retention rates.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Discovery Education
- Pearson Education
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