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Education Computing Devices Market to Reach $368.1 Billion, Globally, by 2032 at 14.1% CAGR: Allied Market Research
The ease of accessibility and flexibility that digital learning offers and the rising demand & low-cost of e-learning platforms are predicted to be one of the important factors driving the growth of the global education computing devices market in the forecast timeframe. However, the potential health impact associated with prolonged screen time and the high costs of computing devices may hamper the education computing devices market growth in the coming period. On the contrary, technological advancements and developments in the education sector are expected to offer growth opportunities for expansion of the education computing devices market in the 2023-2032 forecast period.
The smartphones sub-segment accounted for the major share in the education computing devices market in 2022 and is expected to grow at a the highest CAGR of 14.5% during the forecast period. The dominant growth of the sub-segment is mainly because smartphones can be a cost-effective option for educational purposes as compared to dedicated educational devices like laptops or tablets. Besides, educational institutions and schools can leverage students' existing smartphones to implement digital learning initiatives and thus reduce infrastructure costs.
The higher secondary sub-segment generated the highest market share in 2022 and is predicted to grow at a CAGR of 14.6% by 2032. The rising usage of education computing devices by higher secondary students as they often engage in college and career planning activities, such as preparing college applications, exploring career paths, and researching universities are the factors predicted to boost the sub-segment's growth by 2032.
The North America region accounted for the highest share in the global education computing devices market in 2022 and is expected to continue to maintain its dominance during the forecast period. The initiatives taken by governments in the region to expand infrastructure in the commercial & education sector, and the improving economic situation in the countries of the region are expected to be the main growth drivers for the growth of the North America market by 2032.
The report provides a detailed analysis of the key players of the global education computing devices market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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