LONDON--(BUSINESS WIRE)--The smart education market is expected to grow by USD 117.71 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Education authorities across the world are undertaking various measures to digitize the education system and gain quantitative insights on performance. This is encouraging many traditional educational institutions to adopt smart education solutions to improve the quality of education and manage increasing student enrolments. Moreover, the adoption of smart education solutions offers several economical and environmental benefits for institutions. For instance, the deployment of smart education solutions reduces the dependency on paper as most of the paperwork will be scanned, digitized, and stored in digital forms. In addition, these solutions help educational institutions collect various information and streamline activities of the administrators and other back-office departments. Many such benefits are increasing the adoption of smart education solutions among educational institutions, which is driving the growth of the market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40431
As per Technavio, the increasing number of strategic alliances will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Smart Education Market: Increasing Number of Strategic Alliances
The market is witnessing an increase in the number of strategic alliances among market players. For instance, in October 2019, CBSE collaborated with Adobe to launch a Creative Challenge across its affiliated 20,000 schools in India. Such strategic alliances are helping vendors in strengthening their market presence and increasing the reach of their products for a wide range of end-users. This trend will have a positive impact on the growth of the global smart education market during the forecast period.
“Rising adoption of wearables and IoT, continuous focus on new product development, and the emergence of virtual schools will further boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Technavio's SUBSCRIPTION platform
Global Smart Education Market: Segmentation Analysis
This market research report segments the global smart education market by product (content, software, and hardware), end-users (higher education and K-12 schools), and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the smart education market in 2019, followed by Europe, North America, South America, and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing number of schools and higher education institutions that have adopted smart devices in modern classrooms.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Product
- Content
- Software
- Hardware
End-users
- Higher education
- K-12 schools
Geographic segmentation
- APAC
- Europe
- MEA
- North America
- South America
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
