Global m-education to grow 32.50% by 2016
The analysts at the TechNavio research group (www.technavio.com) forecast that the global m-education (that is, mobile education, which involves devices such as the iPhone and iPad) market will grow at a CAGR [compound annual growth rate] of 32.50% over the period 2012-2016.
One of the key factors contributing to this market growth is the increase in government initiatives. The global m-Education market has also been witnessing an upsurge in mergers and acquisitions. However, the reluctance of educational institutions to frequently update ICT infrastructure could pose a challenge to the growth of this market.
''The advancement in ICT has resulted in the emergence of virtual classrooms," says TechNavio's IT Services. "Imparting education through virtual classrooms is a new concept that is becoming popular not only in traditional educational institutions, but also in training centers with vocational courses. It has ensured access to learning from qualified staff members, transcending the geographical boundaries."
The new integrated ICT infrastructure adopted by educational institutions enables enrichment of the learning process through real-time exchange of information and sharing of best practices in imparting education across the globe. With the emergence of applications such as WizIQ Virtual Classroom App for android operating systems, the Global m-Education market is expected to witness sustained growth during the forecast period.'
According to the report, one of the major drivers is increasing government initiatives. Various initiatives that consist of distributing devices and implementing policies, which drive the growth of mobile education, are being taken in various countries. Further, the report reveals that the reluctance of educational institutions to update ICT infrastructure frequently is one of the key challenges in the market.