ICT Investment In Education Market Growth & Trends up to 2016

Use of ICT promises to change the way that education is disseminated, with institutions gradually moving away. Educational institutions assign high levels of importance to price and the functional expertise of ICT vendors.

Albany, New York, December 17, 2016: Market Research Hub (MRH) has recently added a new research study on “ICT Investment Trends In Education”.  Within educational institutions, technology is rapidly playing a central role in a students education. New technologies are being developed, which when used in an educational system can provide teachers and students with a more accessible and improved educational curriculum.

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ICT investment trends in education presents the findings from a survey of 124 educational institutions regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how institutions currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting. The report illustrates the core technologies that institutions are investing in, including enterprise applications, security products, IoT, and cloud computing. The survey also highlights the approach to purchasing technology adopted by educational institutions. Through Kables survey, the report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to educational institutions.

Educational institutions’ commitment to switch to online learning platforms is leading to increases in their information and communications technology (ICT) spending and a focus on upgrading their technology infrastructure. Network upgrades appear to be a common theme throughout budget plans, with network services being the area experiencing the most spending within telecommunications budgets. Privacy and security services is the most important area of spend within the IT services budget, primarily determined by the need to expand organizations network and connectivity capabilities whilst ensuring security and the protection of data.

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Kables survey shows reveals that strategic objectives, like improving security and privacy, enhancing collaboration and data management, and standardising infrastructure technologies, play an important role in influencing educational institutions’ ICT investments. In line with these strategic objectives, over 70% of institutions are planning to make investments in technologies such as security, enterprise applications, and IT systems management. Although the vast majority of educational institutions prefer deploying these technologies on-premise. There is an increasing preference for using hosting services, primarily driven by advantages such as reduced IT costs and improved scalability and flexibility. This trend is further corroborated by the fact that 67% of institutions are planning to invest in cloud based technologies in the next two years.

The report focuses educational institutions ICT expenditure trends for specific business areas and technologies, identifying the top three IT projects, and understanding the business challenges faced by institutions.

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Dec 17, 2016