Education Technology Spend Reaches $13 Billion - Fox29 WFLX TV, West Palm Beach, Florida-

Education Technology Spend Reaches $13 Billion

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SOURCE Futuresource Consulting

LONDON, June 11, 2014 /PRNewswire/ --

The global spend on education technology within classrooms reached US$13 billion last year, up 11% on 2012, according to a new market study from Futuresource Consulting.

The study explores market movements for mobile PC devices, classroom displays (such as projectors and interactive whiteboards) and complementary devices (visualisers, voting systems, voice amplification and related products), and reveals that the market will continue to rise in value out to 2018 and beyond.

"Despite a lull in some technology markets, education technology continues to perform, even with pressure being applied to education budgets across the world," says Colin Messenger, Senior Market Analyst at Futuresource Consulting. "Our annual strategic report also shows that there's growth aplenty to come, with the total value expected to reach US$19billion by 2018, a CAGR of 8% from 2013 to 2018."

The Continued Rise of the Mobile PC

The increasing spend in education technology has been forced forward by the uplift in the mobile PC market - laptops, tablets and netbooks - which now accounts for 62% of total segment spend.

The groundswell in tablets and one-to-one learning programs - primarily driven by the iPad and iPad Mini - has dominated the news over the last 12 months. This is especially true in US districts where iPad sales have taken a dominant slice of the budget. Tablet PCs are also projected to see significant growth over the forecast period, due to the implementation of large projects such as Turkey's FATIH tender, as well as other tenders in Korea, India and Thailand. Many countries are also experiencing increasing uptake of Chromebooks.

The Classroom Displays Category

1.4 million displays were sold into education last year; the product mix continues to transform, with interactive flat panels experiencing more than a four-fold volume increase. There is a proliferation of new models and new vendors entering the market, leading to increased competition, particularly for IWB vendors who have traditionally dominated the segment.

The interactive flat panel market is expected to have some of the greatest growth in the classroom technology market, with a 2013 to 2018 volume CAGR of 11%.

Futuresource is hosting a free-to-attend webinar on Wednesday 9 July, focusing on developments in the education ecosystem. For more, visit http://www.futuresource-consulting.com.  

"As the education sector continues to transition towards digital, further avenues need to be explored beyond the hardware itself," says Messenger, "with the flow channelling from hardware activity into software, content, infrastructure and services."

The Report

'Technology in Education: Global Trends, Universe Spend and Market Outlook' is available now from Futuresource Consulting. With more than 100 pages of forecasts, statistics and analysis, this report provides an annual round-up of critical information for any company seeking to understand the market opportunities for technology in education, including the opportunities, outlook, market movements, megatrends and competitive shifts. The report covers mobile computing - notebooks, netbooks and tablets; classroom displays - interactive whiteboards, interactive flat panels, interactive projectors, standard projectors, attachment devices, complementary devices - visualisers, lectern panels/pen displays, voice amplification, voting systems and slates/tablets.

Notes

Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into digital imaging, consumer electronics, education technology, entertainment media, broadcast, storage media and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments, ensuring clients have access to the information that will produce the best possible results. http://www.futuresource-consulting.com

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