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Education Technology: Worldwide Market Forecasts and Analysis 2013-2018

Global smart classroom market: $60 billion industry by 2018


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2014-02-14 04:17:02 - Education Technology: Worldwide Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com

The global smart classroom market is suggested to have reached a value of around $31.3 billion at the start of 2013, and is forecast to grow to a total of almost $60 billion by 2018. This suggests a CAGR growth rate of around 14% between 2013 and 2018.

In recent times, there has been a significant growth in Smart Classrooms. A smart classroom is equipped with multimedia components which are designed to enrich the teaching and learning process. Technology in education has played a significant role in educating and connecting the students to the existing and future learning opportunities. Smart Classrooms have been enhanced with advanced technological learning aids, thereby revolutionizing the whole teaching and learning process. In many impoverished districts

 

 

and states, technology has allowed students to experience world-class education and actively participate in advanced placement courses.

The concept of a smart classroom stems from the incorporation of the latest advancements in the education technology (Ed Tech) and solutions. Ed Tech engulfs innovations that help educational institutions or universities employ the large amounts of data and interactions across various students engaged in different systems such as Learning Management Systems (LMS), Student Information Systems (SIS) and Student Response Systems (SRS). Recently, numerous new tools have been developed which help educators and instructors to keep a track of the progress of the students and advise them when needed. These are further augmented by social, mobile and video learning.

The latest tools that are in the limelight are smartphones, interactive whiteboards, projectors, collaboration solutions, dashboards, gamification tools and many more available both online and offline and are drawing serious attention to develop the learning potential among students and teachers. Ed Tech also enhances special education for the disabled students with visual and audio impairments by placing together a very complex technology solution for a student believing in patience, determination, creativity and team approach.

There are a number of new trends that are creating new opportunities for the education providers and learners so that information can be effectively accessed by the end-users, including people with disabilities. Assistive and Learning Management Solutions are enabling the teachers to deliver special education in classrooms and not in segregated special needs classrooms. The constant progression of technology in education has helped educators to create classrooms, which are concrete, developed and collaborative, conducted entirely through web services.

Ed Tech is used to improve education with various types of devices used such as tablets, interactive displays, interactive whiteboards, adaptive devices and many other types of products used for educational purpose. There is still time for the education system to utilize technology in education to its fullest potential because of logistics hurdles - finances being the main hurdle. The major vendors offering Ed Tech products and services to the end-users are Apple, Blackboard, Discovery Communication, Dell, Dynavox Mayer-Johnson, HP, Jenzabar, IBM and Toshiba. Therefore, the tremendous advancements in Ed Tech have led to the development of speech and recognition technology, interactive software, and utilization of portable products.

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