Classroom wearables technology: Key market research findings
- North America is the largest revenue-contributing region
- Expected increase in the new entrants during the forecast period
- Key vendors—Apple, Google, Microsoft, and Samsung
Technavio’s market research analysts estimate the global classroom wearables technology market to surpass $3 billion between 2016 and 2020. The improved student engagement made by classroom wearables technology is the primary driver for market growth. The adoption of wearable technology has improved the engagement in ways that were previously not possible. At present, North America dominates the global classroom wearables technology market by accounting for almost 57% of the overall market share. Diminishing technological barriers and the increased adoption of e-learning in the academic sector are some of the factors fueling growth in the market in this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the classroom wearables technology segments by product.
“An increase in the number of new entrants is the latest trend in the market. Numerous telecommunication operators, service providers, smartphone providers, application providers, and device manufacturers are endeavoring to provide innovative products and expand their market base. For instance, Gymwatch provides Gymwatch sensors that are used to measure motion and strength expended in every type of exercise and are apt for gym classes at schools and colleges. Even Facebook is venturing into the market with innovative products like Oculus Rift to ehance the degree of functionalities of smart wearables such as VR head gear and high-definition cameras in the education sector,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
In 2015, the wrist-worn equipment dominated the global classroom wearables technology by accounting for almost 56% of the total market share. This segment consists of devices such as the Apple watch, Samsung Smart watches, and fitness tracker bands. Various applications integrated in these devices help higher education students gather information required for education and synchronize the device with the learning management system applications.
The key vendors in the global classroom wearables technology market include Apple, Google, Microsoft, and Samsung. The market is characterized by the presence of diverse international and regional providers. The major players dominate the market in terms of quality, technology, and pricing. Competition in the market is expected to intensify during the forecast period with an increase in product/service extensions, technological innovations, and M&A. Several new players are entering the market owing to the significant growth opportunities. These vendors are offering innovative products at affordable prices which is adding to the market competition.
A more detailed analysis is available in the Technavio report, Global Classroom Wearables Technology Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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