Technavio market research analysts foresee positive growth for many segments of the education technology industry in the next five years. In their recent findings, Technavio talks about three booming markets under the education technology industry that are anticipated to generate significant revenues and grow at a consistent rate during the forecast period.
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Global K-12 Instruction Materials Market 2017-2021
The transition of schools towards digital technology such as e-books has fueled the global K-12 instruction materials market. The integration of technology in the education sector has led to the entry of several vendors in the school and college supplies market. Various vendors in the market are providing low cost alternatives to textbooks. For instance, Boundless sells online textbooks at a lower price with advanced search features. Innovations in the market are making the powerhouse textbook publishing companies change their old strategies and adapt to new technologies.
Availability of advanced technology such as digital instruction material helps schools to reach diversity in learning style. The latest software such as learning management system, student information system, and others are used to keep track of the progress of the students. Moreover, the educational software and applications have now become more adaptive, which helps in determining not only a student’s knowledge but also the learning process and emotional state of the student. Request a sample report
Global Online Tutoring Market 2017-2021
The presence of several diversified international and regional vendors characterizes the online tutoring market. International players have increased their footprint in the market, which has become difficult for regional vendors to compete with them. Besides this, the vendors are increasing emphasis on marketing by continuously innovating services that they offer to segments such as primary and middle school.
The major drivers driving the online tutoring market are the rising importance of entrance examinations and the inability of teachers to complete school-mandated curriculum. The increase in competition among students to gain admissions in universities and colleges is also propelling the market growth. Moreover, the growth in online distribution channels by vendors, the emergence of virtual learning and m-learning, and increased focus on the K-12 segment are expected to contribute to the market growth.
Among various regions, North America occupied the maximum share in the online tutoring market, with the US being the major contributor. The growth can be attributed to the US government’s initiative that mandates K-12 institutions to commit at least one year for higher education or postsecondary training for students. Request a sample report
Global Student Information System Market 2017-2021
The global student information system market is anticipated to experience an exponential growth in the use of the cloud-based software. The major driver driving growth in the market is the increased application of analytics in education. It is essential that educators and administrators have access to data with which they can analyse a student’s performance keeping in mind measurable metrics to fulfill institutions’ goals and missions.
The global SIS market is experiencing immense growth worldwide. It offers numerous opportunities for vendors to explore the market by designing software to fulfill the needs of stakeholders in the industry. They are investing in next-generation cloud-based SIS tools, which will be targeted at existing and new clients in the education market. Consequently, companies foresee stronger and predictable revenue generating abilities, owing to their ability to move from license-based models to software as a service (SaaS) models of providing service. All these developments will effectively drive the global SIS market during the forecast period. Request a sample report
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Browse related reports:
- Lecture Capture Solutions Market in the US 2017-2021
- Global K-12 Online Tutoring Market 2017-2021
- Education Projector Market in the US 2016-2020
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