September 18, 2008
U.S. Education IT Market Expected to Reach $56.2 Billion By 2012 and Collaboration Is Key, Says Compass Intelligence
SCOTTSDALE, Ariz., Sept. 18 /PRNewswire/ -- According to new research from CompassIntelligence.com, businesses in the U.S. will spend roughly $56.2 billion on information technology products and services by 2012. This year K-12 and Higher Education institutions are expected to spend an estimated $47.7 billion on IT. This includes areas such as applications, professional services, telecommunications, computer equipment, network hardware, and IT 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 utilizing collaboration technologies and applications for distance learning, multi-campus lectures, laboratory and experiment collaboration, and international research collaboration. The fact is 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 share, teach, and expand student reach.
This research is part of Compass Intelligence's Education Vertical research and includes 5-year forecasts. Highlights of a recent survey with 52 Education IT decision-makers are displayed below:-- The top Educational challenges include increasing the productivity of workers, managing the upgrades of computers, and improving collaboration among workers.
-- Over half (58%) believe their industry is experiencing growth regardless of how the overall economy is performing.
-- When asked which mobile and Internet applications Education IT decision-makers plan to roll-out within the next 6-months, collaboration applications ranked the highest.
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About Compass Intelligence
Compass Intelligence, a consulting and market research firm, specializes in segment and vertical market intelligence for the high-tech, IT and telecom industries. Compass Intelligence offers clients a completely new research experience with a unique and 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. Find us on http://www.compassintelligence.com/ or http://blog.compassintelligence.com/ or follow us on Twitter (CompassIntel).
Company Contacts Stephanie Atkinson Managing Partner & Principal Analyst [email protected] Holley Booze 1.469.693.5110 [email protected]
Web Site: http://blog.compassintelligence.com/http://www.compassintelligence.com/