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Proliferation of Low-cost Devices, Hyperconnectivity, and Increase in Non-traditional Students is Driving Global Adoption of Academic Devices
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Academic devices are a central part of the Internet of Things (IoT) in the education ecosystem; they create a personalized learning experience for students and give them access to digital learning solutions to meet their learning needs. The global academic devices market crossed $12.93 billion in revenue in 2016 and is expected to grow to $38.54 billion at a Compound Annual Growth Rate (CAGR) of 19.9% (2016-2022). This market is characterized by an increase in student expectations for a seamless educational experience across devices and platforms, a proliferation of devices including low-cost devices in classrooms, and a Bring Your Own Device (BYOD) trend, which is driving growth in the global academic devices market. This market insight provides:• A detailed global market trend analyses—inclusive of market drivers, market restraints, technology trends, regional analysis, and competitive analysis• Detailed unit shipment and revenue forecasts for the total academic devices marketThe global market has been segmented into North America and Latin America (NALA), Asia-Pacific, and Europe, the Middle East, and Africa (EMEA). A competitive landscape, in terms of major participants and market share analysis, has also been provided. The base year of the study is 2016, with forecasts running up to 2022.
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