Outlook of the after-school tutoring market in China
The market research analyst at Technavio predicts that the after-school tutoring market in China will grow steadily and post an impressive CAGR of almost 12% by 2020. The stringentness and competition of national level examinations will increase the opportunity for growth of the after-school tutoring market in China. The pressure to perform well, high flexibility of private tutoring, and improved learning for certified tests such as Gaokao and Zhongkao are some of the factors that will drive the market’s growth. Since these programs and services focus more on the content and have sufficient materials to help students by providing them information related to the scheduling and process of examinations, its demand among the parents and students will increase substantially over the next few years.
One of the recent trends in the market is the boost in investments in the education sector. The government is investing in building world-class universities and strengthening higher education institutions. Many home-tutoring vendors will invest in the development of online distribution channels to reach more student bases and enhance their delivery methods. Furthermore, merchants will also invest in providing adaptive learning solutions, to provide an innovative learning experience to students and develop a digital infrastructure so that students can access materials and lessons using smartphones and tablets.
Competitive landscape and key vendors
This market is dominated by regional players as they have expertise in the language, special features, technology, and pricing. The players will primarily focus on catering to the needs of schools and individual students by increasing their partnerships with
Market outlook of the global learning management system market
Technavio’s market research analyst predicts the global learning management system (LMS) market to grow at an impressive CAGR of around 24% during the forecast period. Continuous innovations in e-learning tools and delivery methods, and technological advances are examples of some factors that will propel growth in this market during the forecast period.
The increased compatibility of LMS with mobile devices is the key driver for the growth of this market. Recently, it has been observed that many organizations prefer m-learning as it helps them to deliver online training materials directly to the employees’ handheld devices. This gives users the freedom to learn from anywhere and anytime.
Segmentation by end user and analysis of the learning management system market
- Higher education
In this market study, analysts estimate the corporate sector to be the largest market segment during the predicted period. The rising demand for cost-efficient training solutions among enterprises is a significant factor that results in this segment’s impressive market share of more than 71% by 2020.
Geographical segmentation and analysis of learning management system market
- North America
Technavio market research analysts estimate the North American region to account for more than 59% of the total market share by the end of 2020. Much of this growth can be attributed to the presence of numerous MNCs and other large enterprises in this region. Since these companies require corporate training
Overview of the LMS (academic and corporate) market in the US
Market research analysts at Technavio have predicted that the LMS (academic and corporate) market in the US will grow steadily during the forecast period and will post a CAGR of more than 23% by 2020. This market research analysis identifies the growing demand for customized products as one of the primary growth factors for the learning management system market. There is intense competition in the market among vendors, which requires players to meet the specific requirements of users. As a result, LMS vendors have started introducing customized products such as integrated talent management suites; specialized LMS that are especially used by the healthcare, extended enterprise, compliance, and content verticals; and social LMS that includes social learning platforms that are used primarily to support learning and learning management platforms with social technologies.
Cloud-based solutions are accessed through the Internet and do not require the installation of any software or hardware, and subsequently, reduce the operational costs of organizations and educational institutions. The adoption of cloud-based LMS eliminates the need for technical expertise and also offers ease of access and several other features that allow users to access course and supplement information through any device from remote locations. Online learning management systems hosted at the cloud also allow easy modification and evaluation of content and also assists in identifying successful courses and courses that require improvement.
Overview of the smart education market in the US
Market research analysts at Technavio have predicted that the smart education market in the US will grow steadily during the predicted period and will post a CAGR of almost 14% by 2020. This market research analysis identifies the increase in digital pedagogy as one of the primary growth factors for the smart learning market. Defined as a combination of technical skills, IT practices, and curriculum suitable for learning through the digital medium, digital pedagogy is an innovative way of adopting ICT solutions that include modern teaching and learning approaches in a collaborative learning environment. It helps teachers in engaging students to apply rich learning techniques using smart education tools. Working with a combination of smart hardware, software, and services, it also supports authentic and contextualized assessment that helps in improving student results.
It has been observed that the introduction of digital products has significantly improved the performance of students in math and science. This, coupled with the availability of several educational mobile applications will induce several educational institutions to encourage students to bring their smartphones and tablet computers to classes whereas other institutions will focus on providing these devices to students. As a result, mobile learning will soon emerge as an effective educational method replacing the conventional ones.
Competitive landscape and key vendors
The market is characterized by the presence of several international, regional, and local vendors and appears to be fragmented. In addition to
Overview of the interactive whiteboard market in Europe
Market research analysts at Technavio have predicted that the interactive whiteboard market in Europe will grow steadily during the forecast period and will post an impressive CAGR of almost 15% by 2020. This market research analysis identifies the penetration of technology in classrooms as one of the primary factors that will have a positive impact on the growth of this market. Though the digitization of education has induced educational institutions to adopt new technologies and advanced tools to enhance learning and content delivery, there are several institutions that are still reluctant to adopt these innovative technologies. The integration of media to enhance and support collaborative learning and the use of flipcharts will induce these institutions to employ advanced learning methods and in turn, will fuel the demand for interactive or electronic whiteboards. Moreover, digital video systems have transformed the traditional teaching methods and as a result, schools and other educational institutions will start employing collaborative learning methods, which will subsequently propel the growth of this market.
Gamification helps driving innovation and develops creative skills of students and will soon gain acceptance as an important element in the education sectors across the globe, especially in Europe. Online video learning includes the use of games, puzzles, and questionnaires that help increase students' attention and also in having an interactive classroom environment. Since interactive whiteboard activities can improve students’ writing and also help teachers to engage with and motivate students through
Market outlook of the smart classrooms in India
Technavio’s market research analyst predicts the smart classroom market in India to grow at a CAGR of more than 23% during the forecast period. Initiatives taken by the government of India plays a critical role in popularizing smart ways of learning. Various government initiatives are being undertaken in India to reform education and include digital content in the course curriculum. Digital India is one such initiative that aims to bridge the digital divide by providing nationwide connectivity. Numerous technology vendors have also extended their support for this initiative. For instance, Qualcomm has launched the Play 'n' Learn program for school children aged 5-8. The company has also introduced Qualcomm wireless reach initiative to provide 3G tablets as part of their program.
Availability of devices such as projectors and document cameras makes it possible for educational institutions to implement smart classroom instructions. Benefits of deploying various software solutions such as LMS and CCMS play a crucial role in augmenting the adoption of these solutions to improve classroom teaching pedagogy in India. This trend is expected to continue in this market in the upcoming four years.
Segmentation by end-user and analysis of the smart classroom market in India
- Higher education
The K-12 segment was the largest revenue contributor to this market in 2015, and accounted for more than 65% of eth total market share. Much of the segment’s growth can be attributed to the high penetration of classroom hardware and favorable government policies. Several K-12 schools in India are investing in smart classroom teaching methods, thanks to the increase in digitization in the education sector. Besides procuring advanced hardware for classrooms such as tablets ad projectors, the schools are also focusing
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.