Market Research Future (MRFR) presumes the global Education PC Market is expected to reach USD 48.7 Billion by 2030 at a CAGR of 15.30% between 2022-2030.Increasing Number of Government Initiatives to Raise Literacy Among Individuals
Government attempts to implement e-learning and digital education around the world to improve learning and increase literacy rates are expected to drive industry growth over the next eight years. Several institutes, particularly in developing nations, are implementing standardized assessment processes, which is fuelling the expansion of the education PC market. It also aids in the learning process through the use of presentations, videos, and interactive modules. The popularity of online education has raised the need for PCs. With this breakthrough, educational PCs may access a variety of learning content and improve communication between teachers and students.
Proliferation of Tablets in the Education System
The emergence of tablets in the educational system is a major factor driving the growth of the worldwide education PC market. With advancements in technology in the educational sector, textbooks are gradually being replaced by digital devices such as computers, tablets, and laptops. This has resulted in the development of more useful education programs.
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Key Players
Notable players in the global education PC market are IBM Corp. (US), SMART Technologies Inc. (US), AT&T Technologies Inc. (Canada), Blackboard Inc. (US), Dell Inc. (US), Apple Inc. (US), Microsoft Corp. (US), HP (US), Lenovo Group Ltd (Hong Kong), and Toshiba (Japan).
Apart from the players mentioned above, Panasonic (Japan), Samsung (South Korea), Compaq (US), LG (South Korea), Sony (Japan), AsusTek (Taiwan), HCL (India), and NEC (Japan) to have a significant presence in the global education PC market.
Initial Investment and Lack of Awareness to Deter the Market Growth
The initial investment required to adopt these systems is projected to limit the worldwide education PC market to some extent. In some nations, a lack of understanding and infrastructure to support the educational system is predicted to stymie the expansion of the global education PC market.
Education PC Market to Grow Amid COVID-19 Pandemic
The COVID-19 virus is quickly spreading around the world. All educational institutions around the world have been temporarily closed. The pandemic has had an impact on the education of students ranging from elementary school students to postgraduates. As a result, the education industry has developed e-learning courses, resulting in unusually high demand for devices such as education PCs. Digital learning has no physical limitations, is cost-effective, and allows students to access education from the comfort of their own homes. Demand for education PCs has increased as a result of the increased acceptance of remote working policies, learning requirements, and the most recent trends in online education.
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Market Segmentation
By Product, Tablets to Lead the Global Market
Tablets held the largest share of the market based on the product. The emergence of tablets in the education system is an important factor driving the growth of the worldwide education PC market.
North America to Remain Dominant in the Global Market
North America led the global market in 2018 and is likely to continue to do so during the forecast period. The region has a well-developed IT infrastructure, which has allowed laptops and tablets to be used in schools, colleges, and institutions. Furthermore, the region has widely adopted augmented and virtual reality technologies that can be linked with educational concepts, making learning more participatory.
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Competitive Landscape
To remain competitive in the worldwide education PC industry, manufacturers mainly focus on improving their portfolios of education PCs. To accomplish this, these companies have committed a considerable portion of their revenues in R&D. Furthermore, the companies concentrate on integrating high-end processors to increase the efficiency of PCs, ensuring the higher performance of these systems.
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