About K-12 technology spending
Technology driven education system comprises information, resources, and professional development opportunities to support schools in imparting education to the students in a digitally rich environment. The primary objective of technology in education is to transform traditional teaching methodologies to enhance learning and improve the dissemination of knowledge by using an array of tools and hardware such as digital text, graphics, and audio-visual tools. The use of interactive presentations improves the teaching process and helps in engaging students in multi-media technologies.
Technavio's analysts forecast the K-12 technology spending market in the US to grow at a CAGR of 8.67% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the K-12 technology spending market in the US for the period 2015-2019. To calculate the market size, it considers the revenue generated by vendors through the following product segments:
Technavio Announces the Publication of its Research Report – K-12 Technology Spend in the US 2015-2019
Technavio recognizes the following companies as the key players in the K-12 Technology Spend in the US: Apple, Blackboard, Microsoft, Knewton and 2U
Other Prominent Vendors in the market are: Aptara, Articulate, Dell, Discovery Communication, Echo360, Jenzabar, IBM, Promethean World, and Saba Software.
Commenting on the report, an analyst from Technavio’s team said: “K-12 technology spending in the US is growing rapidly and will likely sustain this momentum during the forecast period. The country has taken several tangible steps to standardize its education sector and encourage the use of technology for education. For example, the country kick-started the Digital Playbook initiative in 2012 to encourage the use of technology for learning purposes.”
According to the report, the increasing focus on open educational resources and innovations in technology have resulted in the growth of a vast number of digital platforms offering easy access to a plethora of course materials from institutions across the world. Educational institutions are no longer the sole providers of higher educational courses; various short and precise online courses are emerging, catering to the needs of students with a particular area of interest.
Further, the report states that increasing level of dropouts in e-learning is the major challenge in the market.
Apple, Blackboard, Microsoft, Knewton, 2U, Aptara, Articulate, Dell, Discovery Communication, Echo360, Jenzabar, IBM, Promethean World, Saba Software.
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