Education Industry Research and Market Reports - Ken Research

 Higher education, also well-known as post-secondary education, tertiary education, is a non-compulsory final stage of formal learning occurring after the completion of secondary education. It comprises of all post-secondary education, training, and research guidance at the education institutions that are authorized as institutions of higher education by state authorities. Higher education is distributed at various educational institutes such as universities, academies, colleges, seminaries, and institutes of the technology as well as through certain college-level institutions, counting the vocational schools, trade schools, and many other career colleges awarding degrees.

At Ken Research, we energetically provide you the up-to-date reports on topic Education Market Research Reports covering countless countries and topics. For conveying the education to the needy students with the smart phones and computers, technology allows this as while sitting at home any one can analyses their test number of time and develop themselves consequently. The technology of MI is strictly enclosed by the modern mathematics, probability theory, drawing on expertise, sets theory, calculus of variations among other areas and numerous others. Hence, it is not a single technology or technique, but a ground of computational science that indulge frequent technologies to make systems that can learn from data in their surroundings and then make guesstimates and take action when confronted with a new challenge or situation.

Whereas, the education industry research reports of Ken Research states that the Egypt Pre-K and K-12 E-Learning market has been given a boost owing to Strong Government push towards online education throughout Covid-19 along with new continuous origination by the vendors to differentiate their products from their Competitive firms. The Students have openness to wider Coverage of Courses at the affordable prices and an choice to customize the type of content that can be subscribed. Platforms likewise Nafham, Smart Art Egypt, Noon Academy, Edraak, Korras, and Learn have presently entered in the market with very high Course completion rate. Unceasing efforts by the Egyptian government and growing private sector participation and investments in the education sector is projected to relieve budgetary strains along with greater growth rates in the future.

In addition, Education Industry Research and Market Reports states that Southeast Asia is promoting from the significant implementation of learning apps, as information technology aids compensate for shortage of teachers and study materials. The BYJU’S is one of the India’s primary education learning app which more significantly propelling the market as this app uses a combination of gamification techniques to keep students employed on its app. The industry of education is growing progressively with the introduction of robots in this industry which are playing effectual role for the positive growth. 

The market research reports for education covers the inclusive competitive landscape, trends and growth drivers, issues and challenge, market share in terms of enrolments and number of programs, strengths and weaknesses of key universities and government regulations. The report completes with future projections and analyst recommendations highlighting the chief opportunities and cautions.

Based on the education industry analysis, the augmenting number of higher education’s enrolments has appeared as one of the strongest aspects for higher education tools and services implementation across regions. Influences such as augmenting the international student mobility and mounting government initiatives and funding are expected to create ample chances for higher education vendors.

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E-Learning Market Research Report, Size, Revenue Analysis, Growth Rate, Major Players, Future, and Covid 19 Impact

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Education Market Research Report and Industry Analysis | Education Market Research Reports Consulting: Ken Research

 The industry of education is progressively augmenting with the progressive establishments of the robots in this industry which are playing a proficient role for the positive growth. The speedy innovation in the technology and present insight of the existing technology in the education and training industry represent the noteworthy growth throughout the review duration.

At Ken Research, the Education Market Research Report covering several; countries and topics. For conveying the education to the needy students with the smart phones and computers, technology allows this as while sitting at home any one can investigates their test number of time and improve themselves accordingly. The technology of MI is strictly enclosed by the modern mathematics, probability theory, drawing on expertise, sets theory, calculus of dissimilarities among other areas and countless others. Hence, it is not an individual technology or approach, but a ground of computational science that indulge several technologies to make systems that can learn from data in their surroundings and then make predictions and take action when confronted with a new challenge or situation.

Based on the Education Industry Analysis, the effective growth in number of higher education enrolments has emerged as one of the strongest aspects for education tools and services adoption around regions. Aspects such as augmenting the international student mobility and augmenting the government initiatives and funding are projected to generate the ample opportunities for education vendors.

Market Research Reports for Education conveys the industry size basis revenue and a number of subscribers in the e-learning Industry, supply ecosystem analysis, market segmentation, business model analysis, revenue stream analysis, competition benchmarking, COVID impact, future projections and projected trends & challenges.

Not only has this, Education Industry Research Reports also covers overview of the medical education industry as well as segmentation of the colleges on the basis of institution type and segmentation that stipulates the existence of several medical colleges across the nation both regionally and state wise. 

Education Market Research Reports Consulting states that to fill up the difference, several tech professionals are looking to increase their skills with other technologies which are important for machine learning and artificial intelligence. Education industry is augmenting more progressively in the Asia Pacific region with the more innovations in the technology.

At Ken Research, Education Industry Research and Market Reports provides a holistic evaluation of the market. The report proposes a comprehensive analysis of foremost segments, trends, drivers, restraints, competitive landscape, and aspects that are playing a considerable role in the market.

Globally, education enrolment has observed a growth trajectory. However, the bulk of this growth is propelled by middle-income countries whereas high-income regions have seen more of a stagnant trend. The augmenting number of student enrolments is projected to fuel the Education Market at a global level. Additionally, augmenting the internationalization in the education sector is a foremost contributor to the growth of the global Education Market.

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E-Learning Market Research Report and E-Learning Industry Research Report Provides an In-Depth Analysis of E-Learning Market Forecast

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Surging Impact Of Artificial Intelligence (Ai) Technology In The Education Market Outlook : Ken Research

The artificial intelligence technology has become a significant tool for enhancing a user-friendly decision-support system and is broadly used in the sectors of language translation and knowledge acquisition applications. Moreover, the major knock of this technology is witnessed by the education market and the applications of this technology in this sector are unmeasurable. According to the report analysis, ‘Education Market Research Reports Consulting’states that the adoption of cloud facilities among the educations institutions also operates the artificial intelligence in the education industry. The technology of cloud computing enabled the institutions in developing their existing infrastructure with the latest technology without any increase in their capital costs. Whereas, in the last few years, the technology has obtained a significant level of experience due to the rise of AI and development in machine learning algorithms. Therefore, this technology has revolutionized this market.

From building education more reachable to students with smart devices and computers to allowing institutions to decrease the time spent on tedious task and expanding the time spent on each learner. Moreover, the global artificial intelligence industry in education sector is anticipated to grow at as CAGR of 43.5% during the period of 2018-2022. The AI has a huge potential in automation and decreasing the amount of time on tedious tasks. Furthermore, on the basis of applications the educational institutions are using simulation and the AI technology to encourage students to improve their learning experience as well as improve and gain knowledge. According to the report analysis, ‘ EDUCATION INDUSTRY RESEARCH AND MARKET REPORTS’ states that with the growing trend this technology is gaining tractions of virtual classrooms and virtual teachers and the key players of this technology are introducing open online facilities and courses platforms that serves free educations to the global audience. Not only has this, by the end use of this technology the higher education sector accounts for more than 50.0% share in the AI in education industry. As the higher education organizations are moving to artificial intelligence technology more significantly to assist them with career path options for students, course recommendations, administrative assistance and others. Hence, numerous public and private colleges and universities are admiring advanced educational facilities and fueling the growth of the AI technology in the education industry more significantly. Moreover, it is anticipated that the key players are functioning in this market more effectively which increase the competitiveness and make the users more beneficial.

The artificial technology is able of finding difference in the curriculum based on how learners actually perform in the tests which significantly more appropriate for determining the student performance by indication key weak areas where students need performance and transfer this record to the teacher who in turn can aim their attention to these weak segments. On the basis of competition the AI technology in the education industry is highly competitive because of the presence of start-ups and multinational companies. Moreover, the developed regions are also using this technology in the numerous institutions whereas, the underdeveloped countries are also showing efforts in the installation of this technology into the various organizations and educational institutions.

The google, IBM, Microsoft are the multinational companies which are dominating the market more significantly and make the market more competitive. Therefore, in the coming years, it is expected that the AI in education market playing significant role and will lead the market growth over the decades with the more innovations.

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Dynamic landscape of artificial intelligence (ai) technology in the education market outlook : Ken Research

The technology of artificial intelligence (ai) in the industry of education is playing outstanding role as this technology is has a wide potential and make more accessible to students with the computers or smart devices. The ai technology is to motivate the students to enhance learning capacity as well as capture and enhance knowledge. Ai can operate personalization, efficiency and streamline admin tasks to enable teachers the time and liberty to serve understanding and flexibility – individually human capabilities where machines would suffer. According to the report analysis, ‘education market research reports’ states that the ai will enable a level of differentiation that’s not possible for a teacher who has to maintain 30 students in each class. By holding the best feature of machines and teachers, the sight for this technology in education industry is one where they work jointly for the best productivity for learners or students.

In the recent trend, the students will require doing efforts in a future where ai is the reality, it is dominant that our educational organizations expose students to and use the technology. Moreover, there are numerous companies which include carnegie learning and content technologies which are presently enhancing intelligent instruction design and digital stages that use ai to serve learning, testing and others. Furthermore, the technology of ai identifies the difference in knowledge and suggesting to new topics when appropriate. On the basis of model, the learner model dominate overall 60.0% share in the ai technology in education industry in 2017 as this model essentially forecast the knowledge of learners which includes the emotional state of student, achievements, previous failures and their engaging potential in studying or learning new things. Moreover, the adaptive learning technology is being used by market leaders for redirecting the digital content and enhancing the content as per the learners’ need and the potential of this technology are also being unsegregated into the learning stage to teach learners in tracking their potential and different learning process. According to the report analysis, ‘education industry research and market reports’ states that the potential of ai technology to help the children when they are fighting at home with homework or other test preparations. The ai technology has many applications which make the education market more effective which includes more development of smart content, a new way of personal development for educators with the help of virtual global conference and others. This technology has turned up this market with the more development in the technology.

On the basis of region, the north america is the leading region of the artificial intelligence technology in the education industry with over 60% share across the globe. However, the europe is also expected to grow at a significant rate in the forecast period. Moreover, the asia pacific region is also showing significant efforts in the ai technology which is most important for acquiring a handsome amount of share in the education market. Blackboard, microsoft, ibm, google are the major leading players across the globe which are significantly collaborating with the educational organizations and institutions. Therefore, in the coming years it is expected that the market of education sector will grow more significantly over the decades.

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Education Market Research Report : Ken Research

Education Market Research report describes education which is a continuous and lifelong process of development from infancy to maturity. It includes the effect of everything which influences human personality. Human behavior is modified and improved through educational process. Life without education is meaningless. It is the process of training and developing the knowledge, skill, mind, character etc. it is of three types; formal education, non-formal education and informal education. Formal education is delivered by trained teachers within a school, college or university. Non-formal education (NHE) is any organized educational activity that takes place outside the formal educational system. Some characteristics of NHE are flexibility, non-authoritarian and enhance human & environmental potentiality. Informal education occurs outside of a structured curriculum e.g. teaching by parent, friend etc.

Education is of four types on the basis of study of knowledge such as liberal education, professional education, technical education and vocational education. Liberal Education is an approach to learning that empowers individuals and prepares them to deal with complexity, diversity, and change. A liberal education helps students develop a sense of social responsibility, as well as strong and transferable intellectual and practical skills such as communication, analytical and problem-solving skills, and a demonstrated ability to apply knowledge and skills in real-world settings.  Nowadays many disciplines in sciences and social sciences are also included under liberal education as they develop the power of mind. Additionally professional education is adding special competencies over the professional practice such as archivists, librarians, teachers, nurses, engineers and doctors.

Vocational education training provides career and technical education to the interested students. Some examples of vocational education are medical assisting, office management skills, word processing applications and food & beverage management etc. Technical education provides knowledge about modern technologies.

There are many advantages of education. It creates awareness, expands our visions, develop a discipline life, enable to earning livelihood etc. It is the key to gender equality and women empowerment. There are also some drawbacks of education such as restriction of personal thoughts and discrimination. The people who have more degree or experience have thoughts that they are ahead of everyone. And also the marks or grade system creates difference from smaller age in the children. So, education should be thought as the subject matter not as a competition. Education makes people restrict their own ideas in the process of learning.

Nowadays online education is one of the easy methods of getting education. It is widely opted by millions of students from all around the world. It is the way of education by which a student can learn by sitting at home with the help of computers and mobile. Many videos, documents, ppts, tutorials of education are available on internet. By online education, student can do more than one course at a time in a relaxed and comfortable manner. Top websites for online education are coursera, edx, futurelearn, udacity, saylor academy, open2study, iversity, cognitive class and udemy. There are some challenges faced by the use of online education with no face to face interaction and requires the high amount of reading skills & hard work. Online education is developing primarily due development of technologies like studyblue, flashnotes, papertab, leap motion, celly, chromebooks, lessoncast, knewton, glogster edu and livebinders etc. These technologies have helped in evolving the education area and have changed the learning way of students.There are many of factors adding growth in the online education are perceived convenience, increased reach and personalization offered by online channels.

In India, best education companies are edukart, edugorilla, embibe, meritnation, careerguide, wiziq, toppr, vedantu, educomp, culture alley and nayidisha. There are also some apps of education on internet such as Toprankers, Byju’s, Prozo, Equickers, NCERT solution, Simplilearn, Gk for all, English to Hindi dictionary offline and vocabulary. Globally, best education companies are ABC English, Alison, Ambassadors group, Crick software, CTC trainCanada, ECC, DeVry education group, ecollege, Grovo, Globalscholar, Knewton, Lernia and Prepme etc.

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Rising Demand Of AR Technology In Education Industry Market Outlook : Ken Research

According to the report analysis, ‘THE MARKET RESEARCH REPORTS FOR EDUCATION’ suggests that augmented reality technology helps the students in acquiring education very easily, process, and in remembering the information. Not only has this, the technology of augmented reality can provide a number of purpose and makes the learning itself more fun and engaging. AR is becoming more prominent in the education sector and it is also not restricted to a single age group of level of education. Furthermore, with the applications of this technology the education industry is expected to grow more significantly and make the key players more active.

Technology is playing significant role in the education industry in the recent trend whereas, the key players are investing more in the development of technology which help the students more significantly in the process of learning and this development lead to wide digitalization in the economy. The traditional methods of education are the things of the past, in the recent times technological development opens a pool of opportunities for all the players of the education industry such as educational institutions and businesses. The utilization of Augmented Reality is very much prominent in the educational settings and classroom. The AR technology is evolving quickly in the education sector and this technology gives enough opportunities for existing and new businesses. Moreover, with the help of this technology the students can really bring learning to life and AR can immensely offer interactive learning experience and the students now can enjoy the lectures without getting bored with the theoretical contexts. Therefore, the technology of AR is quickly becoming an everyday part of the lives of students and using AR into exercises may help teachers to engage students in studying by communicating 3D show and encourage the students them to learn subject further. Not only has this, well developed AR experiences will be something other than a static, quiet 2D demonstration whereas, now it ought to connect students through sound and touch controls. According to the report analysis, ‘EDUCATION INDUSTRY RESEARCH AND MARKET REPORTS’ states that AR has a capacity to contribute in 3D model of anything that might be not really understood in a classroom and users can access AR with the help of their smart phones and AR provides guests additional data about the user wants to see. However, it is anticipated that the augmented reality technology will grow rapidly in the education industry with the more innovations in the applications of this technology.

The AR is very much prominent in the developed countries whereas, Europe is going to cater handsome amount of share in AR in education industry and doing effective projects related to see the more efficiency in the technology. The Asia Pacific region is doing more development in the technology and expected to acquire huge amount of share in the coming years followed by North America and rest of the world. Moreover, the major regions which contribute to the development of Augmented Reality education market mainly cover market in Europe, North America, China, Japan, South Asia and others. Furthermore, it is expected that in the near future, teachers could start providing their students with AR enabled worksheets which make this market more fruitful. Therefore, it is expected that in the coming years the Augmented Reality in Education Industry will grow with the more development in the technology and innovations in the existing technology over the decades.  

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Increasing Demand Of Peer Teaching Techniques In Education Industry Market Outlook : Ken Research

Doing investment in the knowledge pays the best ROI (Return on Investment) and with this the education industry has been undergoing with the more innovations and significant development in the learning techniques. Technology is totally changing the manner we teach and learn at a significant speed. Moreover, peer teaching is one of the most prominent and effective way of teaching the students and it offers a stage of knowledge sharing among the different ability students, besides harboring healthy competition.  Peering teaching has been implemented with students of all ages and levels in all subject areas. According to the report analysis, ‘Market Research Reports For Education’ suggests that peer teaching is not a new concept and students can receive more time for individualized learning. Moreover, the peer teaching is a financially efficient alternative to hiring more staff members and teachers receive more time to attention on the next lesson.

The effective educational approach of peer teaching is for nursing students and has been used in nursing as an adjunct to support learning in clinical practice. Moreover, the study results add to the literature supporting the use of peer teaching approach in nursing training practical education. Moreover, beside B-schools, this method is now widely used at all levels of education irrespective of boards, affiliation, curriculum and others. Furthermore, with the regular peer teaching sessions, students start to transform better and grasp better knowledge of the concepts, tend to be more disciplined, display maturity and also turn better communication skills. Not only has this, the interesting aspect of peer teaching is that students tend to respond more attentively when one of them dons the mantle of the teacher. Moreover, the peer tutors in special education can be effective teaching method for all students involved as the peer teaching helps the students build relationships, which builds communications and skills and the students who are disable get more individual attention than one teacher can provide on their own.  According to the report analysis, ‘Education Industry Research And Market Reports’ states that with the introduction of peer teaching program majorly help the students who are disable and their typical peers may be an effective and efficient way to boom the academic achievement.

In the developing countries the peer teaching is expected to grow more by the time and rising trend in the global education industry is expected to grow with the establishment of the education organization for peer teaching. In the Asia Pacific region, this peer teaching is growing and results in the establishment of education institutions with more development in the technology. Moreover, with the more development in the technology and infrastructure of educational institutions slightly decrease the use of chalks, blackboards and others. In addition, new government education institutions and existence of numerous key players around the globe especially in America and Asia Pacific region introduce more innovative educational institutions for peer teaching. Therefore, in the coming years it is expected that the education industry will grow rapidly over the decades with the more effectiveness in the peer teaching and availability of educated peer tutors.

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Learning Apps: Gateway To Ingenious Minds Market Outlook : Ken Research

Being rightly said, “Investment in knowledge pays the best interest.”

Education sector is one of the prominent industry in the world because of the (I) pressures from globalization; (ii) changing supply of and demand for higher education; and (iii) changes in higher education funding. These various challenges determine the development and implementation of various innovative practices to address them. Technology is changing the way we teach and learn at a rapid speed. So, to make learning more interactive and fun with technology the idea of learning apps introduced in the world. One of the great aspect of having tablets, laptops, and desktops in the classroom is the availability of educational learning apps.  Educational Market Research Report Says with these apps students can individually learn, practice, study, and have fun with different subjects, concepts and theories.

NEW ERA: Education Revolution

There are apps to help manage time, convert measurements, lead healthier lifestyles and for fun but a good percentage of apps are by natural education. Students are acquainted to all the apps that contribute towards enhancing their knowledge and skills yet entertain them as well. They are:

Ø  One stop solution -Learning apps saved the hassle to Google everything; they became the platform to undertake any course, any subject, acquire any skill without actually going anywhere. They are accessible anywhere, anytime and on any form of device. Students don’t have to worry about missing any relevant point and could skip irrelevant information which is already known to them.

Ø  Organized and trackable- Application learning is highly systematic, technical and of the smartest way to learn in today’s era. The entire framework, UI and UX of such apps is quite engaging. The organized functioning of these apps makes it simple and easy to track the lost documents from its storage.

Ø  Entertaining and social- The entertainment level of these apps enhance the learning experience for the students generating more active and interactive participation. They ameliorate interest on subjects like math, physics etc which students usually despise.

Ø  Beneficial for all- learning apps have proven their worth to all the potential users, teachers and even parents. Teachers use them to organize their course or make learning fun and interactive for students. Notes stored in the application are easily amendable boosting self learning habits and enticing the budding learners more than mundane classroom.

Educational Industry Analysis states that duolingo is one of the most popular learning app with over 100 million downloads, followed by Photomath with over 50 million downloads and there are others like quizlet, Socratic, edx, meritnation and Byju.

FUTURE PROSPECT/ CONCLUSION

State government of Rajasthan, India launched ‘Dishari’- an educational mobile application that provides free study material for youths preparing for competitive examinations. The app feature interactive quizzes with question related to mathematics, general knowledge, current affairs, computers, reasoning and economics. In the city of Lahore, Pakistan, UNESCO runs a project where they use SMS text to distribute educational context to students in disadvantages area. USA and Europe government is supporting learning apps immensely for growth in education sector.

All these innovative methods of teaching help to identify the true capability and potential of students whilst enjoying videos and subjects taught through games and graphic rather than lengthy texts. They are flexible and are expected to reach the pinnacle in the foreseen future.

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Emergence Of Ai In Education Industry Market Outlook : Ken Research

The introduction of artificial intelligence in technology has proved to be disruptive in almost all industries. Major impact of this technology is witnessed by the education sector. This disruptive technology is being integrated into the education industry at both institutional and course level. The Education Business Review suggests that global artificial intelligence market in education sector is expected to grow at a CAGR of 43.5% during the period of 2018-2022. The applications of this technology in this sector are innumerable. From making education more accessible to students with computers or smart devices to enabling organizations to reduce the time spent on tedious tasks and increasing the time spent on each student, this technology has revolutionized this market.

Artificial intelligence has great potential in automation and reducing the amount of time on administrative tasks. As education moves away from a rote learning to more dynamic modes the concept of learn-as-you-like especially among remote learning courses has emerged. Entire courses via virtual modes can be delivered via this technology and can even reply to certain standardized queries relating to the course. The most tedious and time consuming tasks the teachers have to go throw is grading. This is a major zone where the AI can assist organizations. Currently, AI technology powered devices are capable of grading only objective answer sheets but as AI develops, it shall soon be able to assess subjective answer sheets as well. Artificial intelligence powered bots have been introduced in Georgia Tech University, where bots reply to certain common and pre determined questions without the students knowing that they do not communicate with a human being. The AI is capable of finding gaps in the curriculum based on how students actually perform in the tests. For instance is most of the students are not able to answer a particular type or question, the AI will correlate that to the curriculum and find whether the particular topic was actually missing from the course or not. It shall then assist teachers to provide better student material or learning techniques. This technology can monitor student performance indicating key weak areas where students lack performance and convey this record to the teacher who in turn can focus their attention to these weak areas. Education Market Research Reports Consulting is of the view that today every kind of student from advance students to students with special needs requires access to same kind of education. Keeping this in mind, AI can adapt to individual student requirements making learning a lot more meaningful experience for the students.

The AI technology introduced in Georgia tech university (USA) has been backed by IBM’s technology. Some established companies working under this domain are Microsoft, Quantum Solutions, Pixatel, and Nuance Communications. Many new startups have gained entry into the booming industry such as elemental path, querium corporation, metacog, jellynote and fishtree. The competition in this sector is expected to remain tense due to a high CAGR with startups trying to gain a piece of the market share.

The institutions across the globe are witnessing the future of the education industry due to the introduction of this advanced technology. It is expected to improve the way lectures are conducted in classrooms and reduce administrative tasks considerably. Plus, this technology will save millions in cost for institutions and allow them to appropriate its fund to key matters paving the way for operational effectiveness and efficiency.

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Smart Education Devices To Dominate Traditional Education Systems : Ken Research

Education is an integral part of the public sector. Globally, information and analysis on the education market plays an important role for both government and commercial organizations. Education Market Research Reports provides insights into trends, changes, projections, and opportunities across the education market on a global scale. Global education industry is experiencing rapid expansion due to government support, technological advancements, increasing enrolment ratios and increasing awareness of adult education. Almost all the developed nations provide sophisticated education, while the developing nations provide primary education. Governments in developed countries provide more support to their education sector compared to the developing countries. This is due to high availability of resources in the developed nations such as advanced technological educational tools.

Now-a-days, education institutions are investing more in software solutions than in technology hardware. M-learning, Bring Your Own Device and virtual reality are gaining popularity. Education technology is enabling student-centred education, while lectures are becoming project-and inquiry-based. Global educational institutions are also investing heavily to provide teaching staff and competitive salaries for professional courses such as law, engineering and medicine. The major motivators in the education market are the ageing population and increasing middle-class along with increasing education resources.

The introduction of digital era has created a paradigm shift in the traditional education market. Consumers are adopting formal and informal learning methodologies that are driving the growth of the education market. These new trends initiated the smart education systems on a global front. The smart education market has many hardware providers who are introducing various educational devices. These smart devices support various activities in the education sector such as teaching, learning or operations. Majority of the educational systems have deployed iPads and tablets for teachers and students.  Document cameras, interactive whiteboards, projectors, and 3D printers are used in advanced learning. With the integration of these devices in traditional classrooms, global education system has become more flexible. Smart education systems provide more support along with institutions so as to promote any type of learning environment, such as flip classrooms, virtual classrooms, experiential, and collaborative learning, which is propelling the growth of the smart education market. Majority of the global smart education systems are provided by Blackboard, Cisco Systems, Instructure, Pearson, and Samsung.  

The major challenges in education market are the online training resources, programs and even mobile applications. Therefore, successful educational service providers are benefitting with the use of the latest technology. These tools help students to learn in new and exciting ways and also help providers to manage students, administrative functions and source material distribution more efficiently. According to Education Industry Analysis, majority of the education revenue comes from tuition or program fees depending on geographical location and subject matter. The education industry is not limited to tutoring school age kids in subjects such as maths or science but also in childcare, early education, career education, art, dance, adult language, test preparation and even driving. The education market is anticipated to grow at a steady rate over the next few years because various educators are utilizing various online platforms in teaching and learning methods with the help of advanced educational technology.

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Global Interactive Textbook Market Research Report : Ken Research

Overview:  The global market for interactive text books is expected to have significant growth reaching a value of over USD 1.1 Billion by the year 2021 with a CAGR of about 17% for the period 2017-2021.  Interactive textbooks are also known as digital textbooks or eTextbooks which are an extended form of eBooks or digital books and it include elements of interactivity in addition. eBooks are only the digital version of printed textbooks. The global interactive textbooks market encircles vendors, such as publishers, ed-tech solution providers, and content creators, who are offering interactive textbooks to institutions. The market is expected to witness major growth owing to higher rates of adoption in the upcoming years owing to increased reliance and functionality of technology, advanced software which is expected to create more sophisticated platforms for learning and increasing levels of customization for students. Over the past 5-7 years interactive learning has grown from being simulated video students see on a computer to actual games, simulations and challenges they solve individually thanks to the availability of mobile devices. Learning based platforms and applications have made individualized interactive learning a possibility. The current trends even indicate a large number of educational institutes offering iPads or tablet devices for students to carry with them that store their information,  manage the platform based student dashboard, and update the students on the situation of their coursework and any important announcements that occur. While all these features make it easy to centralize their digital school life on a device, the main benefit for students through the usage of this technology is the vast library of interactive textbooks and learning based tools which are designed to make learning and education entertaining and fun. Technology has made learning, into more of a game than ever and has boosted student’s learning satisfaction. Students enjoy this method of learning and a large number of them have begun to adapt this kind of learning as opposed to class room based learning as evidenced in various Education Industry Market Research Reports. While North America is the largest market in terms of value, the fastest growing market is expected to be the Asia Pacific region

Competition Scenario: As interactive textbooks are an emerging industry and the content delivery system is still developing, most of the market is split between a handful of content providers working to gain prominence in the education market. Vendors in this market are making such textbooks available either for free or through rental agreements and the pricing mechanism of these textbooks is either based on per chapter or monthly and yearly subscriptions. The major players of the market are – Apple, Houghton Mifflin, Harcourt, McGraw-Hill Education and Pearson Education. The other prominent vendors in the market include Metrodigi, Cambridge University Press, John Wiley & Sons, Oxford University Press, and Vital Source.

Key Drivers: The major drivers propelling the growth of the Interactive Textbook market are:

§  Increased student engagement: The availability of advanced platforms allows teachers and developers to create superior methods of content delivery which allow students to learn through a device which is gaining increasing popularity among the student population. The application of devices also allows for interactive assessment exercises that students are able to take and includes multiple games like puzzles, crosswords and interactive experiences which could not be replicated in a conventional textbook the way they are on the device.

§  Rise in use of interactive textbook creation tools: The growing popularity of interactive text books and their increased adoption with technology providers has led to a growing interest for developers to design education based applications and platforms which help students learn in new ways. The increase in suppliers of the educational content has multiple benefits for consumers- the first being that more competition usually signals a lower price which is beneficial as most providers work on a subscription based model. Second being the growing rate of innovation allows developers and providers to use new ways of delivering the same concept

§  Alignment with education standards: More and more students prefer using a platform as it is a centralized point of knowing everything that they need to with reference to their academics and important updates. A majority of universities have some sort of Enterprise Resource Platform which allows students to check their own profile and its details along with checking the important news for the university, check their own academic performance and the integration of analytics helps the universities track and assist the student performance for optimum solutions which are designed to optimize the performance of the student. These factors are beneficial and more so desired by students today.

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