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The education hardware market size is forecast to increase by USD 40.45 billion, at a CAGR of 13.45% between 2023 and 2028.
The report offers extensive research analysis on the Education Hardware Market, with a categorization based on Application, including K-12 education and higher education. It further segments the market by Type, encompassing PCs, interactive displays, and classroom wearables. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
One of the key factors driving the education hardware market growth is the rise in the adoption of online learning platforms, digital content, and assessment tools within educational institutions. The global education hardware market has witnessed a tremendous increase in the adoption of online learning platforms, digital content, and assessment tools within educational institutions. In addition, this surge in adoption reflects a fundamental shift towards digital transformation in the education sector, driven by the need for more engaging, personalized, and efficient learning experiences. Moreover, one key driver behind this trend is the increasing availability and accessibility of digital educational content. Furthermore, educational institutions are embracing digital textbooks, e-books, multimedia resources, and interactive learning software as part of their curriculum. Hence, such factors are driving the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alphabet Inc: The company offers education hardware such as Acer Chromebook spin 713 CP713 3W, Dell Latitude 7410 Chromebook enterprise, and HP Elite Dragonfly 13.5 Chromebook.
The education hardware market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market research and growth and players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
North America is estimated to contribute 42% during the forecast period. Technavio’s market research report analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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North America holds a prominent position in the global education hardware market, fuelled by factors such as a robust demand for innovative technology solutions that enhance the learning experience and support educational initiatives. In addition, the region's adoption of education hardware encompasses a wide range of devices and solutions tailored to the specific needs of educational institutions, educators, and students. Moreover, one prominent trend in the education hardware market in North America is the widespread adoption of interactive displays and smart classroom technologies. Furthermore, North America leads in the deployment of 1:1 computing initiatives, providing each student with a personal computing device such as a laptop or tablet. Hence, such factors are driving the market growth in North America during the forecast period.
The K-12 education segment is estimated to witness significant growth during the forecast period. The K-12 education segment plays a major role in the global education hardware market, fuelling the demand for technology-enabled learning tools and solutions. In addition, with a focus on active engagement and interactive learning, education hardware in the K-12 segment encompasses a wide range of devices and equipment aimed at enhancing the overall learning experience for students and educators
Get a glance at the market contribution of various segments View PDF Sample
The K-12 education segment was the largest segment and was valued at USD 17.05 billion in 2018. Moreover, one key area of growth within the K-12 education segment is the adoption of interactive displays and smart boards. In addition, these technologies empower teachers to deliver dynamic lessons, fostering student engagement and collaboration. For instance, interactive whiteboards allow educators to create immersive learning experiences by integrating multimedia content and interactive activities into their lessons. Furthermore, the K-12 education segment drives demand for student devices such as tablets and laptops. In addition, these devices are equipped with educational software and content tailored to the K-12 curriculum, enabling personalized learning experiences for students. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the education hardware market trends and analysis, drivers, and challenges. A holistic education hardware market growth analysis and report of drivers will help companies refine their marketing strategies to gain a competitive advantage.
A key factor shaping the education hardware market growth is the increasing focus on STEM education. STEM education has gained significant attention and emphasis in recent years, resulting in a surge in the global education hardware market. In addition, the increasing recognition of the importance of STEM fields in preparing students for future careers has driven the demand for educational toys that promote STEM learning.
Moreover, this growing emphasis on STEM education has had a profound impact on the market, influencing consumer preferences and driving innovation in the design and development of STEM toys. In addition, one of the primary factors for the growing emphasis on STEM education is the rise in demand for coding and robotics toys. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The high cost of education hardware is one of the key challenges hindering the education hardware market growth. The high cost of education hardware has a significant negative impact on the global education hardware market, posing a hindrance for educational institutions, students, and stakeholders. In addition, the cost barrier associated with acquiring and maintaining education hardware has undermined accessibility, equity, and the widespread adoption of essential technology solutions for learning environments.
For instance, the average cost of education hardware differs depending on the specific type and level of education the hardware is needed for. In addition, one notable consequence of the high cost of education hardware is the financial strain on educational institutions, particularly those with limited budgets. Furthermore, schools and universities often face budget constraints that hinder their ability to invest in essential hardware devices such as interactive whiteboards, laptops, tablets, and STEM equipment. Hence, such factors hinder the market growth during the forecast period.
The education hardware market growth analysis report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the education hardware market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Education Hardware Market Customer Landscape
The education hardware market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Education Hardware Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.45% |
Market Growth 2024-2028 |
USD 40.45 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
12.46 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AAZTEC India SOLUTION PVT LTD., Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., Avocor Group, BenQ Corp., Clevertouch, Dell Technologies Inc., HP Inc., Lenovo Group Ltd., Microsoft Corp., Newline Interactive Inc., Panasonic Holdings Corp., Promethean World Ltd., Samsung Electronics Co. Ltd., Sharp Corp., SMART Technologies ULC, Sony Group Corp., ViewSonic Corp., and Zenzero Solutions Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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