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Ed Tech and Smart Classroom Market: Forecasts and Analysis (2013 – 2018)
Teachers are now considered to be the facilitators of education, offering a more detailed understanding of subjects to the students. The involvement of information and communication technologies (ICT) in education has brought a drastic change in the learning process, where not only students are at a learning stage, but also often teachers learn from their students. There was a time when people used to talk about open-air classrooms for enhanced learning. ICT has brought a much wider concept in which the classrooms may remain the same but the environment inside the classrooms has completely transformed. The conventional black-board has been replaced by digital devices, which has made the learning process not only colorful but also more interesting.
This change is very much required in this century, where students have the ability to gather information at a much faster rate. The change in the strategies of the learning process will help in meeting the needs of students. To make education more interactive, and learning a fun experience, most of schools have adopted the concept of smart classrooms, that includes interactive software, interactive whiteboards, digital imaging, audio and video creation tools, on-demand video libraries, tablets, LCD projectors, and Web tools. Adding these tools in the education sector has provided a new dimension to learning. This use of technology is not just restricted to classrooms, but even teachers have now begun to use social networking sites and emails to engage with students and parents.
Numerous complementary skills are used in schools and colleges for the betterment of infrastructure and learning process such as enterprise resource planning, simulation games, practice enterprise models, educational analytics and many more. These enabling technologies also help the students and education providers in Kindergarten, K-12 and Higher Education in learning and augmenting their complementary and practical skills. The schools, districts, multi-districts and state-wide entities have also begun using the learning management systems (LMS) and collaboration systems to have blended learning in schools and colleges. These systems and tools helps in personalizing instructions and assessing students performance more rapidly and strategically.
In North America, the most significant catalyst during this period is reduced training and minimization of educational budgets. Being the most mature market in enabling technology in education sector there is modest growth rate in this region with high revenues and these revenues will tend to remain steady in the forecasted period. Western Europe is the second largest in terms of spending According to MarketsandMarkets, the Education Technology (Ed Tech) and Smart Classroom Market is expected to grow to $59.9 billion, at a CAGR of 13.9% between 2013 and 2018.
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