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 thriving markets under the education technology industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global K-12 Instruction Materials Market 2017-2021
The global K-12 instruction materials market is likely to experience significant growth between 2017 and 2021 owing to continuous innovation in education technology and course curriculum. Technavio’s industry analysts expect vendors to focus on product diversification to gain market shares as the market space is characterized by the presence of numerous vendors offering similar products. During the forecast period, many new players are also anticipated to venture into the K-12 instruction materials market owing to its immense growth opportunities. Request a sample report.
Global Cloud-based English Language Learning Market 2017-2021
The report covers the present scenario and the growth prospects of the global cloud-based English language learning market during the forecast period, 2017-2021. According to the industry analysts at Technavio, the corporate segment dominated the global market during 2016 by contributing almost 57% of the overall market revenue. The high adoption of cloud-based English language learning in the corporate sector is attributable to the expansion of operations by companies on a global scale. The market segment, valued at around USD 1 billion during 2016, is projected to experience significant growth in the coming years and account for a revenue of more than USD 3 billion by 2021. Request a sample report.
Global Digital English Language Learning Market 2017-2021
Technavio analysts forecast the global digital English language learning market to experience significant growth during the forecast period, 2017-2021. The market is led by the APAC region, which accounted for around 37% of the overall market share. The demand for digital English language learning in the APAC region is attributable to the rising adoption of online language learning products and services in countries such as China, Japan, and India. The rise in the number of students migrating to Western countries such as the US and the UK is also expected to facilitate the growth of the digital English language learning market in APAC during the forecast period. According to market research analysts at Technavio, APAC is projected to account for more than 40% of the overall market share by 2021. Request a sample report.
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