The article cited AMA's "Global Educational Hardware and Software Market Study" explored CAGR of %. According to the report, At the cusp of a global transformation is the education market. In the age of digitization, robotics, and artificial intelligence (AI), traditional teaching methods are not the only alternative available to educate the students. Implementing technology in education enables schools and organizations to deliver creative solutions such as e-books, immersive content through Augmented Reality (AR)/Virtual Reality ( VR), and recognized university-accredited online courses. is one of the primary growth factors for the market. Lower Development Costs
is also expected to contribute significantly to the Educational Hardware and Software market. Overall, Preschool
applications of Educational Hardware and Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Educational Software, such as Authoring System, is boosting the Educational Hardware and Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Educational Systems, such as Learning Management System (LMS), is boosting the Educational Hardware and Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Educational Hardware, such as Interactive Whiteboards, is boosting the Educational Hardware and Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Educational Hardware and Software market identified that the demand is rising in many different parts of the world as "Growing Literacy Skills can be an Opportunity
". Furthermore, some recent industry insights like "Most governments around the world have temporarily closed educational institutions in an attempt to contain the spread of the COVID-19 pandemic. These nationwide closures are impacting over 91% of the world’s student population. Several other countries have implemented localized closures impacting millions of additional learners. However, COVID-19 has created a new normal for the higher education sector, revolutionizing the online learning landscape, reshaping application processes, and refreshing crisis management strategies." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Educational Hardware and Software market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Educational Hardware and Software market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Educational Hardware and Software market size is calculated using market estimation process, the Educational Hardware and Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Educational Hardware and Software market size has been validated using both top-down and bottom-up approaches.