Research: Non-Hardware Ed Tech Spending up 3.5 Percent

The PreK-12 non-hardware education technology market in the United States grew by 3.5 percent in 2011, reaching $7.76 billion from $7.5 billion in 2010, according to a new report from the education division of the Software and Information Industry Association (SIIA).

"This year's report shows a strong response from content companies but also from companies offering testing and assessment and professional development products and services," said SIIA Vice President of Education Karen Billings in a prepared statement. "We are encouraged by the $2.6 million estimated growth for the industry."

The findings come from the 2011 U.S. Education Technology Industry Market: PreK-12 Report, which was prepared by Consulting Services for Education (CS4Ed) and based on data collected from 105 service providers, publishers, and developers.

Other key findings of the report include:

  • Spending on instructional support, the largest market segment included in the data at 43.7 percent of revenue, was up 12 percent over the previous year;
  • Digital content was the second-largest segment examined and accounted for 39 percent of revenues with the bulk coming from reading and language arts resources and math resources;
  • The largest single spending category in 2011 was testing and assessment;
  • Platforms and administration spending rose 17 percent; and
  • Spending on tools for central offices, student information systems and class scheduling tools, and content management was also up from 2011.

"We're excited to see the overall market grow in these trying economic times," said John Richards, CS4Ed president, in a prepared statement. "We're happy to see more of the effects of the print-to-digital transition."

Representing more than 500 software and information companies, including more than 180 in its education division, SIIA "is the principal trade association for the software and digital content industry," according to information released by the organization.

More information about the report, including an executive summary, is available at siia.net. Learn more about SIIA's education division at siia.net/education.

About the Author

Joshua Bolkan is contributing editor for Campus Technology, THE Journal and STEAM Universe. He can be reached at [email protected].

Featured

  • elementary school students using laptops displaying AI symbols and educational icons in a colorful classroom setting

    Khan Academy Revamps Platform for School Districts

    Khan Academy has reimagined its Khan Academy Districts platform, the paid partnership program that offers strategic implementation tools, data, and services for optimizing the use of Khan Academy district-wide.

  • Man using laptop computer to learn with artificial intelligence tutor

    McGraw Hill Expands Gen AI Tools for Teaching and Learning

    Ed tech provider McGraw Hill has launched Teacher Assistant, a new generative AI-powered tool for lesson planning support, and announced the wider availability of Writing Assistant, a gen AI tool for strengthening students' writing skills.  

  • A person types on a laptop surrounded by floating digital profiles

    CrowdStrike to Acquire Identity Security Company SGNL

    AI-based cybersecurity firm CrowdStrike has signed a definitive agreement to acquire identity security firm SGNL in a deal valued at approximately $740 million.

  • woman working on laptop, holding documents, sitting at desk indoors

    OpenAI Unveils ChatGPT for Teachers

    OpenAI has introduced a free version of ChatGPT for teachers, aimed at providing a secure workspace to adapt classroom materials, streamline prep, collaborate with peers, and more.