Global Classroom Wearables Technology Market 2018-2022
About Classroom Wearables Technology
Classroom wearables (also called wearable gadgets in the classroom) is a category of devices that can be worn by an individual in a classroom and which aid in creating an immersive learning environment. These devices have applications in education and training; they help in tracking students’ progress and also provide a new way for learners to interact with data, environment, and one another.
Technavio’s analysts forecast the global classroom wearables technology market to grow at a CAGR of 41.10% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global classroom wearables technology market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Classroom Wearables Technology Market 2018-2022
Technavio recognizes the following companies as the key players in the global classroom wearables technology market: Apple, Alphabet, Garmin, Microsoft, Samsung Electronics, and Sony Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of advanced visual technologies. The growing adoption of emerging visual technologies such as AR and VR in modern schools is one of the emerging trends contributing to the growth of the global classroom wearables technology market.”
According to the report, one driver in the market is rise in IT funding in education sector. With the growing popularity of digitization, the education sector globally is set to observe significant changes in the way it shares information and knowledge. Hence, governments globally are focusing on this new aspect of education and are making efforts to implement changes.
Further, the report states that one challenge in the market is high initial costs. The high cost incurred in buying smart wearable devices is one of the major challenges that is expected to curtail the growth of the market during the forecast period. The majority of wearables are placed in the premium product category. Major vendors place their products at significantly high prices due to the brand value to the product.