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In-Dustry Update: Education Vertical Market Deep Dive: IT Spending
In-Stat/MDR, June 2006, Pages: 8
In 2006, we estimate that Education IT spending will grow to $62 billion by 2010 from $46.5 billion in 2005, accounting for 8.2% of all US IT spending from 8.4% in 2006, a 5.8% CAGR. Higher education represents only 6% of schools, but 66% of the Education Segment IT expenditures in 2006. Student growth in higher education will outpace K-12 through 2010.
Spending in telecom service and equipment, computer hardware, and third party service will see the strongest growth in IT spending through 2010 in the Education sector.
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