The top educational software companies are experiencing a substantial growth owing to the recent developments in the global educational technology market.
The growth of the leading educational technology companies is driven by educational innovations with the advent of virtual classrooms and several educational software applications readily available in the market. Some of the top educational software companies offer free educational software for trial so that the end-users can understand the concept of e-learning before purchasing the premium educational technology tools and solutions. The leading education technology companies in the global e-learning market are focused on developing the best educational software for schools which facilitate a better and speedy learning environment for the students. The growing importance of e-learning and the latest educational innovations are poised to drive the growth of the top educational software companies in the coming future.
What are the Benefits of Educational Software?
The evolution of educational technology began when schools and colleges started converting traditional classrooms into virtual classrooms by investing on educational software applications. Advancement made by the top educational software companies have revolutionized various aspects of education and communication between the teachers and students. Educational technology tools such as educational software for schools enable personalized learning for students and provide data to the teachers who can make informed decisions about the performance and progress of the students. The primary aim of an educational software for students is to simplify the learning process and make teaching interesting and goal-oriented. Most of the education software applications offer virtual interfaces by integrating multimedia to make the concept of e-learning highly engaging and beneficial for the students. The leading educational software companies are dominating the global e-learning market with a wide range of educational software applications that lay greater emphasis on STEM subjects, and students are increasingly adopting educational technology tools to enhance their learning experiences in different subjects.
Global E-Learning Market Analysis
The latest market research report reveals that the global e-learning market is forecasted to reach a value of US$ 271 billion by the end of 2022. According to Technavio’s market report, the enhancement of learning process in the academic sector and growing adoption of educational software applications across the globe are the major driving factors for the growth of the e-learning market. Also, the continuous educational innovations being made by the top educational software companies is going to augment the importance of e-learning worldwide which is likely to result in increased use of education software in the next few years. Digital learning tools like learning management system (LMS) are promoting self-learning for students and making it easier for teachers to collect information about the academic performance of the students.
Top Educational Software Companies to Watch in 2018
As one of the top educational software companies in the world, Blackboard commenced its journey on educational innovations in 1997 with the launch of a course management software after getting established by Stephen Gilfus, Michael Chasen, Daniel Cane, and Matthew Pittinsky at Washington, D.C., U.S. Some of the top-selling educational software applications offered by Blackboard are Blackboard Learn, Blackboard Collaborate, Blackboard Ally, Blackboard Analytics, and Blackboard Connect. Blackboard is among the best education technology companies, delivering top-notch educational software for schools for over two decades and having a presence at 26 locations across the globe, with over 3,000 professionals employed with the educational technology company.
Cisco was founded in 1984 by Leonard Bosack and Sandy Lerner at San Fransisco, California, U.S. Since then, Cisco has emerged as one of the leading educational software companies transforming education software with constant educational innovations and endeavors to make virtual classrooms a reality today. Cisco employs over 70,000 people and is the largest networking company across the globe. A few notable educational software tools for students available from Cisco are Digital Education Platform, Webex, and Cisco Spark Board. Cisco has provided educational technology support to over 24,000 schools and universities, engaging almost 6 million students, and is committed to impact over one billion people by the end of 2025.
Another top educational software companies in the world, Instructure is a leader in education technology industry with focus on the development of cloud-based LMS and significant contribution to the growing importance of e-learning. Instructure was established in 2008 by Brian Whitmer and Devlin Daley, and is headquartered at Salt Lake City, Utah, U.S. The most popular educational software for students offered by Instructure are Canvas, Bridge, Arc, and Gauge. Presently, Instructure has a headcount of over 1,200 employees and its best-selling education software, Canvas, is used by more than 18 million users worldwide.
Pearson is one of the leading online education companies in the world, was incorporated in 1844 by Samuel Pearson at London, U.K. Initially, Pearson was into the business of construction but forayed into publishing educational materials in the 1920s. Pearson is the largest publisher of educational books and among the best educational technology companies in the world with a worldwide presence in more than 70 countries. Some of the notable educational software applications available from Pearson are Learning Studio, Open Class, Acclaim Badges, Revel, eCollege, and SuccessNet. At present, over 30,000 employees work on continual educational innovations for this top education technology company.
Samsung Electronics is another leading education technology company offering innovative solutions and educational software for K-12 and higher education students. Samsung was founded by Lee Byung-chul in 1938 at Seoul, South Korea and is one of the largest information technology companies in the world. Samsung has several educational technology products such as Chromebook, E-boards, MagiclWB S2, and Tablets besides Samsung Smart School that offers virtual classroom environment for improved learning of students. Samsung also has a collaboration with STEM Fuse to impart STEM education to aspiring students through relevant and challenging online projects.
Apart from being a leading computer technology company, Dell EMC is also one of the top educational software companies in the world providing support in transitioning the traditional classroom education system into a virtual classroom model. Dell was established in 1984 by Michael Dell at Texas, U.S and the portfolio of its educational technology tools include Latitude 11 Touch, Dell Chromebook 11, and the Google-certified Venue 10 besides several educational software applications that help students gain knowledge through the medium of educational technology. Globally, Dell has over 100,000 employees and offices at more than 170 locations worldwide.
Future Trends of the Top Educational Software Companies
As the global e-learning market continues to grow with large scale adoption of education software in developing countries, the top education software companies are likely to consolidate their market shares as they continue spending heavily on R&D of educational innovations. Many schools, colleges, and educational institutes are following the trend of bring-your-own-device (BOYD) where the students can use educational technology tools for simplified learning and efficient communication with their teachers. Several educational technology companies are planning to launch innovative educational software applications that utilize the best educational technology to give access to a whole new world of knowledge and educational material at the fingertips of the students. Overall, the leading education software companies are predicted to retain their dominant position in the next few by tapping to new business territories across the globe with the latest educational software for students.