Education is an integral part of the public sector. Globally, information and analysis on the education market plays an important role for both government and commercial organizations. Education Market Research Reports provides insights into trends, changes, projections, and opportunities across the education market on a global scale. Global education industry is experiencing rapid expansion due to government support, technological advancements, increasing enrolment ratios and increasing awareness of adult education. Almost all the developed nations provide sophisticated education, while the developing nations provide primary education. Governments in developed countries provide more support to their education sector compared to the developing countries. This is due to high availability of resources in the developed nations such as advanced technological educational tools.
Now-a-days, education institutions are investing more in software solutions than in technology hardware. M-learning, Bring Your Own Device and virtual reality are gaining popularity. Education technology is enabling student-centred education, while lectures are becoming project-and inquiry-based. Global educational institutions are also investing heavily to provide teaching staff and competitive salaries for professional courses such as law, engineering and medicine. The major motivators in the education market are the ageing population and increasing middle-class along with increasing education resources.
The introduction of digital era has created a paradigm shift in the traditional education market. Consumers are adopting formal and informal learning methodologies that are driving the growth of the education market. These new trends initiated the smart education systems on a global front. The smart education market has many hardware providers who are introducing various educational devices. These smart devices support various activities in the education sector such as teaching, learning or operations. Majority of the educational systems have deployed iPads and tablets for teachers and students. Document cameras, interactive whiteboards, projectors, and 3D printers are used in advanced learning. With the integration of these devices in traditional classrooms, global education system has become more flexible. Smart education systems provide more support along with institutions so as to promote any type of learning environment, such as flip classrooms, virtual classrooms, experiential, and collaborative learning, which is propelling the growth of the smart education market. Majority of the global smart education systems are provided by Blackboard, Cisco Systems, Instructure, Pearson, and Samsung.
The major challenges in education market are the online training resources, programs and even mobile applications. Therefore, successful educational service providers are benefitting with the use of the latest technology. These tools help students to learn in new and exciting ways and also help providers to manage students, administrative functions and source material distribution more efficiently. According to Education Industry Analysis, majority of the education revenue comes from tuition or program fees depending on geographical location and subject matter. The education industry is not limited to tutoring school age kids in subjects such as maths or science but also in childcare, early education, career education, art, dance, adult language, test preparation and even driving. The education market is anticipated to grow at a steady rate over the next few years because various educators are utilizing various online platforms in teaching and learning methods with the help of advanced educational technology.
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Ankur Gupta, Head Marketing & Communications