Overview of the global higher education game-based learning market
Market research analysts at Technavio have predicted that the global higher education game-based learning market will grow steadily at a CAGR of around 14% by 2020. Motion-sensing technology can be used to study the motion of the learner while the learning process is in progress and can record inferences accordingly. For instance, the eye-tracking feature can be used to deduce the focus level of the student, while the facial expressions and head positions can be studied to understand the learner’s engagement and also the focus level. This helps the instructor to modify the learning environment and content according to the preference of the students. Motion-sensing technology also helps learners practice physical skills or nuances, which can be implemented into the learning activity. For instance, the incorporation of physical movements or activities trains the learner about the optimum force or pressure required for a particular task. This will people the demand for the implementation of gamification in education, especially in the higher education sector.
Virtual reality (VR) can provide interactive and immersive experience using digital platforms. VR and augmented reality (AR) technologies will soon find applications not only in STEM courses but also in liberal art courses like archaeology and history. These technologies improve kinesthetic experiences, which can increase motivation, retention rates, and engagement in students, and will subsequently enhance the adoption of educational games in the higher education segment.
Overview of the curriculum and data management market in Europe
Market research analysts at Technavio have predicted that the curriculum and data management market in Europe will grow steadily at a CAGR of about 16% by 2020. To improve the employment prospects of students in the competitive job market, educational institutions have the responsibility to inculcate industry-related skills and talent among students. This has resulted in the requirement to upgrade the curriculum regularly to improve content absorption among students. Vendors offer educational software with various features through which different types of data can be integrated into the curriculum. This facilitates faculties to introduce changes in the curriculum, which will lead to better curriculum design, increased productivity, and improved efficiency among students. Institutions can also use the software to include student assessments against various parameters in separate subjects. All these features result in the improved alignment of content, which will induce more institutions to adopt curriculum and data management software in the coming years.
Using cloud-based software eliminates the need to install the software on separate servers and also discards the requirement of skilled personnel to manage the software. This will substantially reduce costs incurred by educational institutions and as a result, the use of cloud-based curriculum software will emerge as one of the major trends that will gain traction in this market during the forecast period. Moreover, cloud-based solutions also allow users to access the data
Overview of the LMS market in the US
Market research analysts at Technavio have predicted that the LMS market in the US will grow impressively during the forecast period and will post a CAGR of more than 24% by 2020. Evaluation usually involves manual and paper-based activities to grade and store students' academic performance data. This usually reduces the accuracy and timely delivery of academic evaluation. Additionally, an increase in student enrollment and the expansion of course curriculum greatly affects the evaluation process. LMS platforms help instructors to efficiently collect, store, and retrieve student data at any point of time and also in completing student assessment at a faster pace. Moreover, content creation through LMS can also be aligned with standards that are mandatory to be followed by institutions in the US that are using assessment systems. Such features and the expected increase in the automation of assessment functionalities will have a positive impact on the demand of LMS in the US.
The market will soon witness the exponential use of cloud-based LMS, which will greatly assist educational institutions that do not have the required expertise and skilled staff to manage LMS implementation. It also eliminates the need for regular system upgrades and maintenance. Several LMS vendors such as TalentLMS, Haiku Learning, Scholar LMS, and WizIQ already offer cloud-based LMS services to their customers. Also, the growing trend of using mobile devices to access learning management systems (LMS) will augment the demand and compel vendors to offer cloud-based LMS services.
Competitive landscape and key vendors
The market is characterized by the presence of vendors who offer traditional LMS
Overview of K-12 education technology spend in APAC
Market research analysts at Technavio have predicted that the market for K-12 education technology spend in APAC will post an impressive revenue of almost USD 21 Billion by 2020. This market research analysis identifies the increased internet penetration and the use of education apps as one of the primary factors that will induce growth in this market. As a result of the increase in number of internet and mobile device users, smartphones and connected devices have started becoming the primary point of online access. This is more likely to have a positive influence on the growth of education apps in the coming years, which in turn will contribute to the growth of K-12 education system spending in APAC.
Augmented reality involves the combination of virtual objects with the real environment. Used in digital classrooms that deliver blended and flipped learning, it enhances the learning experience of students through better engagement and interactivity. Learners can also operate augmented reality at their own pace to obtain immediate feedback and it also helps in better object modelling so that the learner can effortlessly understand spatial relationships between virtual and real objects.
Competitive landscape and key vendors
Due to the emergence of several educational hardware and software vendors, K-12 education market in APAC is expected to grow exponentially. To gain a competitive edge, established vendors have started introducing innovative products in the market. The increase in product/service extensions, technological innovations, and M&As are factors that will intensify the
Overview of the school assessment tools market in APAC
According to the market research analysts at Technavio, the school assessment tools market in APAC is anticipated to witness exponential growth and will post an impressive CAGR of more than 17% over the forecast period. The education industry in APAC is undergoing a major transformation with an increasing number of private players helping schools upgrade their education infrastructure. These vendors are assisting schools to resolve issues related to training teachers, building and improving information and communications (ICT) infrastructure, and procuring education hardware through partnerships and collaborations. Moreover, several schools are approaching the private players catering to the education sector, to understand the needs of advanced education delivery system. This will aid and empower schools to develop customized solutions that are suitable for their students and budget. For instance, in India, vendors like Educomp and Next Education provide innovative school assessment solutions targeted at specific grades.
As the majority of schools in APAC are rigorously engaged in revamping and restructuring their assessment culture, they are considering assessment tools that will help them gain insight into the various aspects of student learning. Also, most APAC countries are looking to improve their educational standards and bring it at par with the international education system through numerous government initiatives and reforms. Since most schools encourage holistic development of students that includes social, physical, emotional, and cognitive elements, there is an augmented demand for assessment tools
Overview of the ELT market in Europe
Market research analysts at Technavio have predicted that the ELT market in Europe will grow steadily at a CAGR of around 12% by 2020. Rising number of student migrations and the increasing organizational interest in diversifying business operations have increased the need for English language as a medium of communication in both the academic and corporate segments. Moreover, students in the European countries prefer learning English to other foreign language courses as part of their education. This has compelled many European countries to implement English language as one of the major courses right from the primary education stages. According to this market research and analysis, the resilient demand for English language at the regional level will propel the demand for this market in the coming years.
The need for faster implementation and reduction of capital expenses have compelled organizations and educational institutions to shift towards software as a service language learning management systems to impart education. Additionally, the recent increase in internet access by language learners also aids in the adoption of cloud-based services for language learning. Cloud-based services allow both teachers and students to access and manage notes, make announcements, register for classes, manage calendars, and assignments online. This increase in the implementation of language cloud services will be a major trend that will gain traction in the English language teaching market during the forecast period.
Segmentation by product type and analysis of the ELT market in
The digital era has created a paradigm shift in the traditional education business model. The devices that supplement, complement, and enhance the learning process are introducing new business opportunities to the industry.
In addition to formal learning methodologies, learners are embracing informal learning techniques at an increasing rate. E-learning has enabled diversification in education and facilitated self-paced, instructor-led, and blended e-learning. These are advantageous to both teachers and students.
Thus, the rise in acceptance of technology in the industry has not only led to a new education business model, but also to industry fragmentation, despite it being one of the most highly regulated industries across the world.