Education Software Market Size and Growth Rate
The education software market is expected to grow at a CAGR of 11.0% in the period of 2019 and 2025
By 2025, the market is projected to reach USD 5370 million, growing at a CAGR of 11.0% over the foremost time span. Education software can conduct exams in online. The launch of this software is to enhance the efficiency of some parts of education. In general, students or faculty can refer to the intended topics for reference through a computer with the help of the internet.
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Education Software Market Drivers and Restraints
Increasing utilization of the internet of things in the educational institutes is primarily accelerating the demand of the market. Also, the growing prevalence of online courses where a person can gain knowledge simply by connecting to the internet anywhere in the world is ascribed to outshine the demand of the market.
However, the lack of proper integration between the systems is quietly degrading the demand of the market. Lack of customized degree and less flexibility have remained as a challenging factor for market growth.
The emergence of the latest technological advancements and the launch of new applications are escalating growth opportunities for the market. Increasing support from the IT sector is propelling the growth of the market further.
Education Software Market Geographical Segmentation
Regionally, the market is segmented into North America, Europe, Asia Pacific, Middle East, and Arica. North America and Europe are accounted for to lead the largest shares of the market. Rise in the investments on the development of new technologies and also increasing digital classrooms in educational institutions are leveraging the demand of the market. The Asia Pacific is next in holding the highest shares of the market with the adoption of advanced technology. The Middle East and Africa to hold a significant growth rate in the coming years.
Key players of Education Software Market
Some of the key players in the Education software market are Adobe Systems Incorporated, Blackboard, Inc., Educomp Solutions Ltd., Cisco Systems, Inc., McGraw-Hill Education, Inc., NIIT Limited, Pearson PLC, Desire2learn Corporation Ltd., Samsung Electronics Co., Ltd., and Sum Total Systems, LLC.
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