Educational hardware market insights
Technavio’s market research analyst predicts that the education hardware market in India will grow at an impressive CAGR of over 20% during the forecast period. The education sector in India is experiencing significant changes owing to the recent transition and expansion in digital services. With the introduction of educational hardware, students will be able to replace traditional books with PCs, laptops and tablets. Of the all the devices available, tablets are projected to overtake laptops and PCs because of their portability. This change will be highest at the secondary school levels and even at colleges as tablets reduce the need for students to refer to textbooks for each subject.
Moreover, with the growing number of digital applications in the education sector, teachers will be able to engage students in gathering information from these applications. For instance, Microsoft India, which is in partnership with MBD Group, Acer, and Tata Teleservices, has launched bundled tablets to serve private schools. This increase in the adoption of tablets by the end users in the education sector will bolster the growth prospects for this market until the end of 2020.
Educational hardware market trends
Many schools and colleges are modifying their curricula to incorporate digital learning to keep pace with the rest of the world. Moreover, many universities are also developing academic curricula and databases on digital platforms to facilitate easy accessibility of study materials to the students. Students benefit immensely from having substantial sources and materials available to them whenever they need it.
Additionally, many schools also use open educational resources, which are a source of a wide range of materials in the form of videos. Tablets made available to students offer users the opportunity to program in languages like Python and C++. Incorporation of digital content is a trend that is here to stay and will boost market growth beyond the forecast period.
Educational hardware market segmentation by product
- Desktop
- Laptop
- Tablet
- Projector
- IWB
The tablet segment is expected to overtake the desktops segment in the education hardware market by the end of 2020. This segment will grow at a phenomenal CAGR of close to 40% by the end of the forecast period. Factors such as the digitization of education will fuel the demand for tablets in the coming years.
Educational hardware market segmentation by end-users
During 2015, the K-12 segment was the largest and accounted for a market share of more than 61%. Many schools are deploying blended learning methods to make the process of learning more productive. With the increasing involvement of technology startups and the implementation of government initiatives, this segment will continue to flourish through the forecast period.
Educational hardware market opportunities for key vendors
The education hardware market in India has experienced tremendous growth in spite of intense competition. There are quite a few opportunities for vendors to explore and capitalize on market shares by deploying new technologies and tools to fulfill the stakeholder’s needs. More schools and colleges are going to rely heavily on devices like desktops and tablets to make materials readily available to students and teachers. Even though there are quite a few vendors in each segment, the market is dominated by just a few in their respective segments. Vendors are focusing on the product as well as software in tandem to gain maximum market traction.
Key vendors in the educational hardware market
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the education hardware market in India?
- What are the key market trends impacting the growth of the education hardware market in India?
- What are the challenges to market growth?
- Who are the key vendors in the education hardware market in India?
- What are the market opportunities and threats faced by the vendors in the education hardware market in India?
- Trending factors influencing the market share in India.
- What are the key outcomes of the five forces analysis of the education hardware market in India?
Technavio also offers customization on reports based on specific client requirement.
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