OVERVIEW: In the modern era, education is become the necessity of human
life for living and it refers as a tool for becoming something and achieving a
specific target. Education keep us aware about the surroundings and what is
happening on the globe. The market of education is totally depend on the new
innovations in the education system and scope of education. However, education
market research report suggests that the education market is expected
to grow more and more in the forecasted period with more development in the
education system which is helpful for the transformation in the lives of human
beings.
OUTLOOK: The education system is having dynamic changes with more development in
the technology as well as in the economy. With the help of Artificial
intelligence and more development in the technology everyone is able to gather
education from several sources. The technology development leads to significant
growth in the education market as now while sitting anywhere on the globe the
education seeker is able to get seek education and can learn new things. As the
education is very much essential for everyone so the government is also taking
initiative and support the education system, open new government education
institutions and universities with the reasonable fee. In India, agriculture
play significant role so Indian government open so many agriculture
universities throughout 1999 to 2017 for providing better education related to
agriculture specifically. Since past few years online education market is
trying experiment into the digital education system with very positive results.
Whereas, the digital education system is one of the most prominent system which
reduced the cost and eliminate theory base study. With the help of digital
education system students can make their notes on computer/mobile/tablet screen
and that can be evaluated by teacher digitally. Additionally, with the more
development in the technology and innovation in the old processing units
enhance the learning style of students in the coming years and market players
provide more interactive learning tools and techniques. The education
industry analysis shows that the earlier students could not have so
many innovative techniques of learning and area of choice. But now with the
introduction of information technology and internet of things enhance the
sector of education and lead the market growth significantly.
MARKET: Rising trend in the global education industry is expected to grow by the
time and establishment of the education organization. Moreover, most of the
schools and other education institutes are probably using information
technology and machine learning which provide reliable education. Whereas, in
21st century the major
elimination is done with the chalkboards, SMART boards are innovated and make the students more active while
studying. Therefore, for gather the attention of students, most of the
education institutions are adopting this SMART boards which the market growth
of education system globally. Moreover, with the more development in the
technology and in the more improvement in the education system slightly
decrease the use of blackboard, chalk, ink pens and textbooks.
COMPETITION: Establishment of new government education institutions and
existence of numerous key players around the globe especially in America and
Asia-Pacific region bringing more development in the artificial intelligence
techniques and information technology like chatbots lead the more competition
across the globe. Most of the key players provide various services through an
application and with the growing use of smart phones. Many of the key player
are making software and several learning app related to education. In the apps
many facilities are provided by the makers to the users which lead more
competition in the education industry.
CONCLUSION: The education industry is expected to grow significantly due
to increase in disposable income, development in the technology and others.
Moreover, many of the companies are trying to enter in the education market in
the information technology which mainly aims in the improvement of apps and
lead to enhance customer interaction.
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