According to the latest market research study released by Technavio, the global smart education software market is expected to grow at a CAGR of close to 17% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global smart education software market based on product:
Global smart education software market by product 2015
|
Content |
47.40% |
|
Learning |
38.02% |
|
Assessment |
14.58% |
Source: Technavio
Global smart education software market by content
The global smart education software by content was the largest segment in the market and was valued at more than $5 billion in 2015. The content industry is primarily driven by the sustainability of the digital publishing model and developments in technological capabilities. The education sector is increasingly shifting towards digital books because of content flexibility, accessibility, and greater scope for interactive content like multimedia enabled by digital educational platforms.
“The availability of diverse digital content has increased the flexibility of the overall learning process. Students, faculty, and parents are using technology in the early stages of learning which has led to a better comprehension of concepts, resulting in higher content absorption and retention capabilities compared to traditional forms of learning. Learners and faculty use digital content tools to construct their issues and develop solutions,” says Jhansi Mary, a senior analyst at Technavio for research on education technology.
Owing to the growing needs of students and learners, vendors are offering smart content including packaged content and customized content. The majority of the demand for smart content from the K-12 segment is for a standardized syllabus.
Global smart education software market by learning
The global smart education software market by learning occupied around 38% of the market share and was valued at more than $4 billion in 2015. The use of Internet in educational institutions is increasing significantly annually. Owing to the advent of e-learning solutions, several schools and colleges are adopting smart education software to offer technological training, examine the effectiveness of various courses, and access student details and progress reports. The growing implementation of software such as LMS, LCMS, and SIS in educational institutions has created a strong platform for smart learning. The use of such advanced software and interactive and visual content has simplified knowledge dissemination, allowing teachers to focus more on the performance of students. These factors will have a positive influence on the market growth. Educational institutions are also deploying software to integrate learning courses on various mobile devices. Moreover, there is strong demand for customized software in the education sector as the software requirement varies from institutions to institutions.
Global smart education software market by assessment
The global smart education software market by assessment accounted for more than 14% of the total market share in 2015. The assessment tools include a range of software programs, such as student assessment, curriculum management, textbook tracking, finance, and recruitment of teachers and staff, that aim at facilitating day-to-day school activities. These software programs simplify data collection and management and offer a platform for data analysis. Assessment tools assist schools to manage learning and non-learning activities on infrastructure, content, faculty, and lecture delivery efficiently. These software programs are highly compatible and can be installed either on web servers or local servers of schools. This encourages schools to adopt administrative software as it will not incur high fixed cost and they can conveniently blend traditional and online learning. Moreover, these software modules can be used via mobile devices allowing uninterrupted information access to users. The availability of cloud-based software programs is another factor that is increasing the acceptance of administrative software in schools globally. Cloud-based software programs offer safe and flexible data storage, have easy accessibility, and do not require large investments in hardware and servers.
The top leading vendors operating in the global golf equipment market are:
- Blackboard
- Educomp Solutions
- Instructure
- Knewton
Other prominent vendors in the market include Adobe Systems, Cisco Systems, Cornerstone, D2L, Ellucian, NIIT Technologies, Oracle, Saba Software, SAP, and Scholastic.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Education Software Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Education Market 2016-2020
- Global Higher Education Market 2016-2020
- Global Education Hardware Market 2016-2020
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