Global Education Hardware Technology Spend Hits $13 Billion

Global Education Hardware Technology Spend Hits $13 Billion

The global spend on education technology within classrooms reached $13 billion last year, up 11% on 2012, according to a new market study from Futuresource Consulting.

The study explores mobile PC devices, classroom displays (such as projectors and interactive whiteboards) and complementary devices (visualizers, voting systems, voice amplification and related products), and reveals that the market will continue to rise in value out to 2018 and beyond.

“Despite a lull in a number of other technology markets, education technology continues to perform, even with pressure being applied to education budgets across the world,” says Colin Messenger, senior market analyst at Futuresource Consulting. “Our annual strategic report also shows that there’s plenty of growth to come, with the total universe value expected to reach $19 billion by 2018, a CAGR of 8% from 2013 to 2018.”

This increase of universe spend in education technology has been primarily driven by the uplift in the mobile PC market — laptops, tablets and netbooks — which now accounts for 62% of the total spend. The explosion of tablets and one-to-one learning programs, primarily driven by the iPad and iPad Mini, has dominated the news in the last 12 months. This is especially true in US districts where iPad sales have taken a dominant slice of the budget.

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