Global Spending on Education Technology Up 11%

A new market study by Futuresource Consulting has shown an increase in global spending on education technology within classrooms.  This spending is up 11% from 2012, reaching a high of $13 billion, despite budget cuts in other areas of education.

“Despite a lull in some 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 growth aplenty to come, with the total value expected to reach US $19 billion by 2018, a CAGR of 8% from 2013 to 2018.”

About 62% of this spending is on mobile PCs, such as laptops, tablets, and netbooks.  With the rise of the iPad and iPad Mini, this spending comes as no surprise.  The use of these tablets has led to a rise in collaboration with a broad range of classroom technology.

“As the education sector continues to transition toward digital, further avenues need to be explored beyond the hardware itself,” says Messenger, “with the flow channeling from hardware activity into software, content, infrastructure and services.”

Google’s Chromebook has also made a significant impact in the education technology market. By the fall of 2013, Chromebooks accounted for over 20% of notebook sales and 8% of all computer and tablet sales.

Futuresource tracks the transformation of digital content around the world.  The company provides its clients with both a detailed analysis of country specific usage as well as forecasts on a global scale.  This combination of detailed reports as well as the big picture overview allows users to plan future spending.

“As the education sector continues to transition toward digital, further avenues need to be explored beyond the hardware itself,” says Messenger, “with the flow channeling from hardware activity into software, content, infrastructure and services.”