This industry research report outlines the market size and forecast of the K-12 technology spend in the US and segmentation by product (hardware and software and services) and by end-user (high schools and primary schools). The report analyzes the major drivers and trends influencing the growth of the market. Apple, Blackboard, Microsoft, Knewton, and 2U are the top companies analyzed in the report.
Technavio has released updated information on the education market, with the publication of its new market research report, K-12 technology spend in the US. The K-12 technology spend in the US is expected to grow at a CAGR of around 9% between 2015 and 2019, thanks to the use of various methodologies in the learning sector such as digital text, graphics, and audio-visual tools that allows better interactivity and knowledge transfer.
“The US government has initiated various reforms in the education sector, which has triggered huge investments in education technologies. Several educational institutions in the US are implementing the Common Core Standards, which has increased the frequency of investments owing to increased spending on digital methods. For instance, companies like 500 Startups and GSV Capital are funding digital content and digital software for new learning models and school administration activities,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
One of the major drivers contributing to the growth of the K-12 technology spend in the US is the increasing initiative towards open educational resources and innovation in technology, which have resulted in the growth of infinite number of digital platforms offering easy access to different course materials and e-books from institutions all across the world. In fact, several education companies are offering online certificate courses that provide learning support, create online tests, and assess use learning analytics to enhance students’ performance.
The key players in the K-12 technology spend in the US include Apple, Blackboard, Microsoft, Knewton, and 2U. Even though the education sector is one of the industries to implement advanced technology at a late stage, the YoY growth adoption has been remarkable and driven by the use of hardware and software designed specifically to meet the needs of stakeholders in the education industry.
A more detailed analysis is available in the Technavio report, K-12 Technology Spend in the US 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global 3D Printing Market in Education: Research Report 2015-2019
- Global Education Gamification Market: Research Report 2015-2019
- Global Education Apps Market- Market Study 2015-2019
- Global Higher Education M-Learning Market 2015-2019
- Education Projector Market in the US 2015-2019
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