September 18, 2008
U.S. Education IT Market to Reach $47B This Year
By Eve Sullivan, TMCnet Editor
Businesses in the United States will spend roughly $56.2 billion on information technology products and services by 2012, according to new research from CompassIntelligence.com.
This year, K-12 and higher education institutions are expected to spend about $47.7 billion on IT. This includes areas such as applications, professional services, telecommunications, computer equipment, network hardware and staffing.
This market is expected to see smaller annual growth rates in the most recent years, but is expected to see 5.6 percent annual growth from 2011 to 2012. Today, schools are using collaboration technologies and applications for distance learning, multi-campus lectures, laboratory experiment collaboration and international research collaboration.
Most schools are wired with broadband connectivity, yet have utilized broadband primarily for communications and information gathering. Collaboration is seen as the next phase in utilizing existing broadband technology to teach and expand student reach.
Compass Intelligence, a consulting and market research firm, specializes in market intelligence for the high-tech, IT and telecom industries. Compass offers clients a new research experience with an intuitive online intelligence tool, INSTANT Access. The company provides market intelligence subscriptions and market research reports, forecasts, competitive analysis, market data, insights, and announcement analysis for multiple markets.
This research is part of Compass’ Education Vertical research and includes five-year forecasts. Highlights of a recent survey with 52 Education IT decision-makers are:
1.) The top educational challenges include increasing the productivity of workers, managing the upgrades of computers, and improving collaboration among workers.
2.) Over half (58 percent) believe their industry is experiencing growth regardless of how the overall economy is performing.
3.) When asked which mobile and Internet applications Education IT decision-makers plan to roll-out within the next six months, collaboration applications ranked the highest.
Compass Intelligence is also announcing all subscriptions purchased through the end of September are 25 percent off, so contact firstname.lastname@example.org
INTERNET TELEPHONY Conference & EXPO — the biggest and most comprehensive IP communications event of the year — is going on this week (September 16-18, 2008) in Los Angeles, California! The show features three valuable days of exhibits, conferences, and networking opportunities you can’t afford to miss. Be sure to check out TMCnet.com and blogs from Rich Tehrani, Greg Galitzine, and Tom Keating for news highlights from the show. See you there!
Eve Sullivan is a contributing editor for TMCnet, covering news in the IP communications, call center and customer relationship management industries. To read more of Eve's articles, please visit her columnist page.
Edited by Eve Sullivan