The Australian EduTech market is a major business opportunity
According to Delloitte (1), the EduTech sector is booming with revenues already soaring over $1 billion per annum with a domestic market opportunity forecast to grow to $1.7 billion by 2022 (2). This represents a huge opportunity for those who understand and are able to sell the next wave of technology to this growing market. Interactive Flat Panels continued to be a considerable success in 2016 in the education and corporate markets with 68% of all interactive display sales in Q4 were being IFPDs (3).
Furthermore, Australian Education facilities are looking for these types of technologies to transform the way they operate. Just look at this case study from Coomera Anglican College, in Queensland who recently installed 26 Interactive Flat Panels.
Colin Messenger, senior analyst from Futuresource Consulting who helms the worldwide interactivity displays research programs, said “There are over 150,000 (2016) Interactive Displays in Australian schools, the penetration rate is high at 56% of classrooms having an interactive display. The first Interactive Whiteboards were installed in 2005 and growth accelerated quickly. The recent trend is for Interactive Flat Panels and they have just started to replace some of the early Interactive Whiteboards.”(4) This data reflect the growing opportunity for this market now and for the future.
The Growing Need for Smart Classrooms and Rising Satisfaction with Technologies
NSW Education Minister Adrian Piccoli said the way children learn was evolving as times changed. “You can't teach the same way using new technology, you've got to use that new technology and you've got to teach differently”. In 2015 The New South Wales Government has unveiled a glimpse of the classrooms of the future, where beanbags and touch screens will replace desks and whiteboards(5). This a growing trend that reflect the need of Interactive Flat Panel for education and the commitment of the Government to support this trend.
Coupling with the growing needs for smart classrooms, the key to success is catering a comprehensive line-up of interactive display solutions to schools. As the true one-stop solution provider, BenQ is ready to help you get off to a winning start in a rapidly expanding market.
So if you are working with Australian Education facilities you need to look at the BenQ IFP.
Contact us for an obligation free demo in one of showrooms or via webinar.
References:
[1] The Australian EdTech Market Census 2017.
[2] Frost & Sullivan (2017) Australian Edutech Market—Key Trends, Technologies, and Opportunities 2016-2022.
[3] Corporate Flat Panel Market Analysis and Commentary. Futuresource.
[4] Source: Educators demanding Interactive Flat Panel Displays. Guy Monty (2016).
[5] Source: Future NSW classrooms to feature interactive technology, creature comforts. By state political reporter Sarah Gerathy. Nov 2015.