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The main objective of including technology in education is to change the traditional method of teaching to enhance learning and improve the transfer of knowledge by using numerous tools and hardware such as digital text, graphics, and audio-visual tools that allow better interactivity and knowledge transfer. The K-12 technology spending in the US is projected to grow at a steady rate of nearly 9% during the forecast period.
One of the major drivers contributing to the growth of the K-12 market size in the US is the increasing initiative towards open educational resources and innovation in technology, which have resulted in the growth of an infinite number of digital platforms offering easy access to different course materials and e-books from institutions all across the world. In fact, several education companies are offering online certificate courses that provide learning support, create online tests, and assess use learning analytics to enhance students' performance.
In terms of product, the software and services segment contributed the largest share in the K-12 education technology spending in the US, accounting for over 52% share in 2014. Factors such as continuous innovation in delivery methods and technological advances are providing a concrete platform for the software and services segment to grow.
Even though the education sector is one of the industries to implement advanced technology at a late stage, the YoY growth adoption has been remarkable and driven by the use of hardware and software designed specifically to meet the needs of stakeholders in the education industry.
Top vendors in this market are -
Other prominent vendors included in this report are Aptara, Articulate, Dell, Discovery Communication, Echo360, Jenzabar, IBM, Promethean World, and Saba Software.
Technavio’s market research analysts accentuate upcoming trends such as the surge in m-learning, which acts as an interface between students and faculty members and provides access to educational content whenever required, unlike the traditional classroom setting.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the K-12 technology spend in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive Summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market Landscape
PART 06: US economy overview
PART 07: Market segmentation by product
PART 08: Market segmentation by end-user
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Other prominent vendors
PART 17: Appendix
PART 18: Explore Technavio
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