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Technavio’s market research analysts predict the education technology market to grow at a CAGR of over 10% from 2015 to 2019. E-learning, education gamification, digital content in rich media, and use of the internet for education collaboration are encouraging learners and educators to use new learning models. These new models can be a combination of products and services within and across digital hardware, digital content, and digital software segments.
The growing prevalence of devices such as interactive displays, tablets, adaptive devices, and education software used for imparting interactive digital content fosters the growth of this market.
Many governments in the EU region are adopting an open education policy to support the deployment of digital technology across European schools and universities. It has led to rapid growth of the software and services segment of this market, prompting several international vendors to develop software solutions based on specific requirements of educational institutes in Europe.
It is estimated that Europe will require one million additional researchers by the year 2020. To address this need, the region is expected to invest heavily in the post-secondary education segment to address issues concerning skill shortage and job readiness. With this, the education technology market in Europe by post-secondary institutes is predicted to reach over USD 33 billion by 2019.
Western and Southern Europe is expected to experience slower growth as compared to the rest of Europe market. Owing to better technological facilities in developed countries of Western Europe, a significant number of schools and universities in that region have already benefited from transformation to digital classes.
A surge in mobile learning presents a significant opportunity for the leading vendors of this market. The demand for simplified learning to address the needs of a dispersed audience propels the growth of this market. To capitalize on the market opportunity, service providers are expected to innovate with tools such as digital publications, collaboration tools, and authoring tools.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Other prominent vendors
PART 17: Appendix
PART 18: Explore Technavio
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