The global education PC market is expected to experience brisk growth owing to increase in smart software adaptation for teaching purposes. Rapid growth in the education and learning industry is supposed to complement the market growth over the next eight years.
Smart training techniques such as videos, presentations, and interactive modules which are to facilitate the learning processes are expected to fuel the market growth exponentially. Education PCs are equipped to provide relevant content in animation and video form via the internet. Increasing demand for high-speed internet coupled with increasing broadband connections is projected to boost the global industry growth over the forecast period. The significant advantages related to education PC are its adaptability and flexibility to different grasping capabilities of students.
With novel technological advancements such as the LCMS and the LMS, the training course content developers have the flexibility to design a vast range of online content. These courses are then made available across the internet to a large number of schools, colleges, and other educational institutes. Growing need for standardized testing culture in the education sector is estimated to contribute towards the education PC market growth. Technological advancements are presumed to play a fundamental role in shaping the industry over the forecast period. The education market has witnessed increased demand for digital learning processes in the recent past. The rise in the demand for digital learning methods is presumed to enhance the industry growth over the forecast period.
Characteristics such as convenient adaptability and implementation are assumed to play a fundamental role in aiding the education PC market over the forecast period. Government initiatives for e-learning and digital education implementation across the globe to enhance learning and increase literacy rate are projected to drive the industry growth over the next eight years.
The high initial investment required for implementing these systems is anticipated to hamper the market over the forecast period. Lack of awareness regarding the benefits related to such educational systems is presumed to hinder industry growth over the next few years. Instructors have little experience related to smart software usage which results in inefficient teaching methodology. Such shortcomings are anticipated to hinder industry development.
Increase in demand for technology-based teaching systems and need for improved online training are projected to provide ample opportunities to the industry participants. Spreading awareness about the benefits related to these platforms is expected to be a major challenge for this industry. R&D initiatives related to smart course development that is easy to comprehend and facilitate learning are projected to open up ample growth opportunities for the industry participants.
Based on the application the market is segmented into school, universities, educational consultancies, and autonomous institutes. Laptops, tablets, all-in-one systems, and desktops are the different PC types available in the market. Developed regions such as North America and Europe dominated the global market in the recent past and are presumed to continue this trend over the forecast period. Emerging economies including Asia Pacific and Central & South America are expected to witness huge demand for this system over the forecast period. North America accounted for the highest revenue share in the last couple of years owing to factors such as constant R&D initiatives and firm government support.
Asia-Pacific region is estimated to grow at a brisk CAGR over the next eight years due to multiple factors. Rise in educational institutes, government initiatives to lift literacy rates, rise in disposable income and growing awareness regarding the benefits of education are a few key factors that are presumed to drive the regional markets in the developing regions. Government policies that encourage such digital education system implementation are projected to go a long way in positively impacting the market over the forecast period. Emerging economies such as China, India, Brazil, and South Africa are expected to offer ample opportunities to the industry participants over the forecast period.
The education PC market is highly cost intensive and requires massive investment for initial setup. Industry participants are investing heavily in R&D initiatives to develop superior products. Companies are taking several strategic initiatives to increase their customer base and penetrate the market deeper, especially in the developing regions. Prominent industry participants include IBM Corp., SMART Technologies Inc., AT&T Technologies Inc., Blackboard Inc., Dell Inc., Apple Inc., Microsoft Corp., HP, Lenovo Group Ltd., Toshiba, Panasonic, Samsung, Alphabetics Computer Services, Compaq, LG, Sony, AsusTek, HCL, and NEC.
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In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.
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