Emergence of Covid-19 and Resultant School Closure and Increasing Edtech Investments to Augment Growth of Tablet Market
Emergence of Covid-19 and resultant school closure is expected to propel growth of the global tablet market. For instance, according to The United Nations Educational, Scientific and Cultural Organization, worldwide there are currently more than 1.2 billion children in 186 countries affected by school closures due to the Covid-19 pandemic. Moreover, increasing edtech investments is also expected to aid in growth of the market. For instance, according to World Economic Forum, the global edtech investments reached US$18.66 billion in 2019 and the overall market for online education projected to reach US$ 350 billion by 2025. Increasing investment in the education sector is expected to offer lucrative growth opportunities for players in the global tablet market . For instance, according to India Brand Equity Foundation (IBEF), in November 2019, the Government of India invested US$ 5.4 billion in higher education US$ 8.8 billion in school education and literacy. Moreover, increasin...