Education computing equipment market to reach $368.1 billion globally by 2032 at 14.1% CAGR: Allied Market Research

The growing demand for e-learning and the growing adoption of digital technologies in education is expected to drive the growth of the global education computing devices market during the forecast period 2023 to 2032. North America region generated the largest market share in 2022

PORTLAND, Oregon., July 12, 2023 /PRNewswire/ — Allied Market Research recently released a report titled, “Education computing device market by product type (smartphone, laptop, tablet, other), by end user (primary, secondary, upper secondary): Global Opportunity Analysis and Industry Forecasts, 2023-2032″. According to the report, the global education computing device market has spawned $101.3 billion in 2022, and is expected to generate $368.1 billion by 2032, witnessing a CAGR of 14.1% from 2023 to 2032.

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Main determinants of growth

The ease of accessibility and flexibility offered by digital learning and the growing demand and low cost of e-learning platforms are expected to be one of the important factors driving the growth of the global education computing devices market on schedule . However, the potential health impact associated with the extended screen time and high cost of computing devices may hamper the growth of the education computing device market in the coming period. On the contrary, technological advancements and developments in the education sector are expected to provide growth opportunities for the expanding education computing equipment market over the forecast period 2023-2032.

Report coverage and details:

COVID-19 scenario

• The outbreak of the COVID-19 pandemic has had a significant influence on the growth of the global education computing device market. The lockdown has led to the closure of schools and educational institutions, resulting in widespread learning disruption around the world.
• On the other hand, the pandemic has accelerated the adoption and availability of a variety of electronic gadgets, which have enabled students to participate in online learning opportunities.
• However, the education computing device market is expected to show steady growth in the future as educational institutions and governments are likely to invest in improving internet connectivity, upgrading the network and providing adequate devices to support the ‘continuous access to information technology devices for education.

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Product Type: The smartphone sub-segment will be highly dominant during the forecast period

The smartphone sub-segment accounted for the largest share in the education computing devices market in 2022 and is expected to grow at the highest CAGR of 14.5% during the forecast period. The dominant growth of the sub-segment is mainly due to the fact that smartphones can be an affordable option for educational purposes as opposed to dedicated educational devices such as laptops or tablets. Additionally, educational institutions and schools can leverage students’ existing smartphones to implement digital learning initiatives and thereby reduce infrastructure costs.

End User: The upper secondary sub-segment will flourish immensely by 2032

The upper secondary sub-segment generated the largest market share in 2022 and is projected to grow at a CAGR of 14.6% by 2032. as college application preparation, career path exploration and university research are the drivers expected to drive growth in the sub-segment by 2032.

Region: North America market to hold majority of market share by 2032

THE North America The region accounted for the highest share in the global education computing equipment market in 2022 and is expected to continue to maintain its dominance over the forecast period. The initiatives taken by the governments of the region to expand the infrastructure in the business and education sector and the improvement of the 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.

Major Players in the Education Computing Devices Market:

• Xiaomi company
• ASUSTeK Computer Inc.
• Hewlett-Packard Development Company L.P
• Dell Technologies Incorporated
• Acer Inc.
• Lenovo
• OPPO
• The Apple company.
• Samsung Electronics Co. Ltd.
• Vivo Mobile Communications Co., Ltd.

The report provides a detailed analysis of the major players in the global education computing devices market. These players have adopted different strategies such as new product launches, partnerships, expansions, joint ventures, agreements and others to increase their market share and maintain their dominance in different regions. The report is invaluable in highlighting the business performance, operating segments, product portfolio, and strategic moves of the market players to show the competitive scenario.

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Key benefits for stakeholders:

• This report provides a quantitative analysis of the market segments, current trends, estimations and dynamics of the Education Computing Devices market analysis and the Education Computing Devices market outlook from 2021 to 2031 for identify prevailing market opportunities.
• Market research is offered along with information regarding key drivers, restraints and opportunities.
• Porter’s five forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and to strengthen their supplier-buyer network.
• An in-depth analysis of market segmentation helps determine the prevailing market opportunities.
• Top countries in each region are mapped based on their revenue contribution to the global market.
• The positioning of market participants facilitates benchmarking and provides a clear understanding of the current position of market participants.
• The report includes analysis of regional and global Education Computing Devices market trends, key players, market segments, application areas, and market growth strategies.

Key Segments of the Education Computing Devices Market:

By product type

• Smartphones
• Laptop
• Tablets
• Others

For end user

• Primary
• Secondary
• Upper secondary

By Region

• North America (WE, Canada, Mexico)
• Europe (UK, Germany, FranceRest of Europe)
• Asia-Pacific (China, Japan, India, South KoreaRest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

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