ID: MRFR/SEM/7188-HCR | 100 Pages | Published By Shubham Munde on March 2023
The Global Education PC Market size is expected to reach USD 48.7 Billion by 2030, at a CAGR of 15.30%.
Education PC Market is expected to reach USD 48.7 Billion by 2030 at a CAGR of 15.30% between 2022-2030. Personal Computers for learning purposes have been increasingly utilized in several countries with the growing digitalization and rapid adaptation of smart software. The emerging facilities such as video presentations, audio teaching, animation learning, and interactive modules are propelling the students and converting the learning process very interesting. The education PCs are generally equipped with educational videos, informative audios, virtual reality software, and augmented reality.
Availability of fast-speed internet at an affordable rate, broadband connections in the educational institutions, universities, cheaper e-books, and digital e-learning content were presenting opportunities for the Education PC market growth.
The pandemic has interrupted several business activities across the globe, due to the stringent government regulations and closures of business activities in almost every part of the world. The educational sector has also been severely affected by the COVID 19 widespread in the past few years. The educational system has immediately adopted digital learning. The teachers of the primary, secondary schools were connecting with the students through e-learning and e-teaching platforms and have been conducting the classes and examinations. Therefore the pandemic has increased the Education PC market demand.
Several e-learning companies have increased their investments in developing the R and D of Education PC industry. Advanced technologies and smart course developments have been introduced to facilitate learning during the pandemic. Although several physical schools have been started in recent times, students are continuously encouraged to learn through digital methods to acquire a better understanding of the concepts.
Digital learning has revolutionized the education sector in recent decades, the easier accessibility, and flexibility that digital learning offers are considered to be the primary driving factors of Education PC market growth.
Students are irrespective of their age claim that e-learning has offered supreme comfort and convenience to the students. Affordable e-learning platforms, increased interactions with the students and other attractive features of e-learning methodologies are increasing the overall growth of the Education PC industry.
The increasing technological development such as LCMS, which efficiently integrates the authoring of the content, publishing, and analysis of the content, helps the user to access huge information in one space. On the other hand, the novel technology, LMS provides the E-learners with tracking and access to the learning content to put them all in their control and manage them efficiently. Such technological developments are expected to drive the Education PC market growth.
Increasing Internet proliferation, availability of high-speed internet at affordable costs, surging electronic devices and easy user interfaces of the education PCs are presenting lucrative opportunities for the rapid growth of the Education PC industry. On the other hand, several governments are increasingly focusing on the e-learning platforms and their developments in recent times and are funding for their growth. The non-profit organizations in several regions are also increasingly supporting the children in the education sector. Such factors have presented opportunities for the Education PC market growth in recent times.
Lack of skilled instructors who are well-versed in the advanced smart software and methodologies and poor infrastructure and facilities in some regions are severely hindering the Education PC market growth.
The increasing screen timings, distractions that the technology brings in, prolonged learning in computers might affect the overall health of the person due to bad postures and eyesight problems, migraines are some of the factors that might hinder the Education PC market growth.
The higher initial investment costs for implementing the systems and software in the educational sectors, especially in the developing regions are considered as the major challenge in the forecast period.
Lack of awareness about the emerging educational platforms and lack of internet facilities in the underdeveloped regions and poor economic conditions in the rural regions are hindering the overall growth of the Education PC industry.
The concept of Digital learning has been introduced to several parts of the world over the past few decades now. Internet and audio-video formats were used in the education system to establish a better connection with the learners. The growing demand for touch screens, internet connectivity, and wireless devices were also impacting the overall growth of the Education PC industry in recent times. Digital education has increased the demand for electronic devices such as laptops, personal computers, tablets, and other devices.
The Role of Education PCs is playing a crucial role in the education sector as it offers the supreme comfort for the learners to learn at their comfortable time and pace. A recent study shows that internet users across the globe account for about 4.88 billion, over which there was a rise of 222 million in the record in the past year. On the other hand, the audio visual learning aids and animation-based learning are offering a better understanding of the essential concepts and tailoring the young learners ready to acquire a job of their choice. Such factors are increasing the demand for the Education PC in the recent time. The market value of Education PC was at USD 20.2 billion in the year 2020 and it is expected to surpass the market value of USD 48.7 Billion by the year 2030 while registering a CAGR of 15.30% in the forecast period.
Digitalization of every aspect of life across the globe should be considered as the major driving factor for the overall growth of the Education PC industry. Growing urbanization and literacy rate in several countries and booming internet facilities are further stimulating the Education PC market growth in recent times. The Internet is considered to be an effective way of sharing information in the past decade. On the other hand, factors such as distance education and scarcity of proficient teachers on the subject, interactive sessions, prioritizing the students’ preferences are some of the common factors that are aiding the overall growth of the Education PC industry.
The increasing government initiatives in the developing countries and increasing adaptation of Wi-Fi in the schools and universities, advancing E-learning platforms and applications in smartphones are also providing a strong basis for the Education PC market growth.
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North America is expected to be the leading market holder in the Forecast period. The growing economic condition in the region and the government initiatives in developing the infrastructure of the education and commercial sectors are some of the driving factors of the Education PC market growth. The recent report of the Bureau of Labor Statistics predicted that the Information Technology growth would be over 12% in the next decade with the current status. On the other hand, the increasing adoption of laptops, and wireless devices in schools, colleges, universities have been increasing in recent times. Additionally, North America is considered to have adopted augmented reality and virtual reality technologies earlier than other parts of the world. These are the growth-stimulating factors that increase the Education PC market demand in North America.
The developed countries have brought interactive displays, interactive tables for the schools and universities for the students to explore the area of interest.
On the other hand, Asia pacific is also exhibiting faster Education PC market growth in recent times owing to the government regulations regarding education such as Digital India, Massive Online Open Courses, MHRD, Study Webs of Active Learning for Young Aspiring Minds are some of the integrated platforms and initiatives were taken in India. Additionally, increasing literacy rate and government funding the education systems have impacted the steady growth in Asia-pacific regions in recent times.
The leading market players are increasingly developing the Solid State Drives in recent times. In the year 2019, one of the leading market players, Micron Technology has introduced the Micron 1300 which is considered the most ideal SSD for personal computing devices because of its capability of increasing the performance of laptops.
The leading market players such as Blackboard Inc. have designed a comfortable environment for online learners. If the lecturer wants the online classroom to be fully a teaching session or a combination of other platforms, the teacher can design accordingly. The design offers comfort for both the learner and the teacher, a comfortable platform.
This report has covered:
|Market Size||USD 48.7 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||IBM Corp. (US), SMART Technologies Inc. (US), AT&T Technologies Inc. (Canada), Blackboard Inc. (US), Dell Inc. (US), Apple Inc. (US), Microsoft Corp. (US), HP (US), Lenovo Group Ltd (Hong Kong), and Toshiba (Japan). These companies are analyzed on the basis of their geographic presence, origin, product portfolios, key developments, and expertise in laser projection technology. Apart from the aforementioned players, Panasonic (Japan), Samsung (South Korea), Compaq (US), LG (South Korea), Sony (Japan), AsusTek (Taiwan), HCL (India), and NEC (Japan)|
|Key Market Opportunities||The advancements in augmented reality and virtual reality.|
|Key Market Drivers||
The digitization drive in the education sector is likely to bear a positive impact on the education PC market.
The education PC market is poised to mark 15.30% CAGR.
The market size is expected to rise from USD 20.2 Bn in 2022 to USD 48.7 Billion by 2030.
By product, the education PC market has been segmented into desktop, tablets, and laptop.
North America is assessed to dominate the global education PC market by 2030.