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Follow on Google News | Consistent Growth Continues for $117B Education Content, EdTech & Human Capital Management MarketEducation content and solutions markets have a reputation for slow but steady growth, and the next three years will be no exception.
By: Outsell, Inc. The Education Content, EdTech & Human Capital Management market is one of the only segments of the global information market to have experienced continuous growth throughout the economic downturn. Budgets for K-12 and higher education content resources have been flat at best in many developed markets, but good opportunities exist for service development in these markets, and there are also strong growth prospects in regions such as Asia Pacific and Latin America. In the Human Capital Management segment, demand is strong for offerings that improve HR efficiency and drive corporate growth in addition to helping to support compliance with industry regulations. Kate Worlock, the report’s author, says, “Education markets have long seen relatively stable growth, although it is becoming increasingly clear that growth in content markets is being overtaken by activities in edtech and in serving HR teams through Human Capital Management solutions. Content players are well placed to use their strong content brands to move into the edtech arena – the challenge here is upgrading the corporate skill set to enable this strategic shift to happen successfully.” To take advantage of the market’s future growth, Outsell recommends that firms operating in the space ensure that they are prepared to deal with unexpected market developments, form partnerships to extend their skill set, embrace big data, and follow a global vision by using customization and personalization approaches to ensure applicability in different cultures and curricula. For media inquiries, please contact Derek Beckwith, Warner Communications, at derek@warnerpr.com, or call +1 978-922-0818. For more information about this report, please contact Srini Gomatam at info@outsellinc.com, or call +1 650-342-6060. About Outsell, Inc. Outsell, Inc. (http://www.outsellinc.com/) End
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