Governments and institutions in North America are focusing on strengthening science, technology, engineering, and mathematics (STEM) education; this is driving the adoption of flipped classrooms in the region. The popularity of flipped classrooms is playing a vital role in reducing student dropout rates and improving the learning methods for these subjects. A growing number of institutions are

collaborating and working closely with vendors to develop a business ecosystem that enables the adoption of flipped learning. Factors such as continuous innovations in e-learning tools, delivery methods, advances in technology, and availability of various virtual communication tools are also expected to contribute to the growth of the flipped classroom market in North America.

Players such as IGNOU and state open universities that offer courses primarily through traditional offline modes, such as printed study material and periodic contact programs, dominate the distance learning market in India. However, with the proliferation of smart devices and the increase in Internet penetration across the country, it is expected that more number of institutions will start providing online

and blended distance learning programs.A major reason for the rise in demand for distance learning is the imbalance in the demand and supply of higher education in India. Vendors are emerging in the market to provide technological support through partnerships with institutions to aid higher education institutions with infrastructural drawbacks and meet the learning needs of students. These vendors not only cater to student population but also to working professionals.Another prominent trend that is expected to gain popularity in the distance learning market in India is the adoption of the small private online course (SPOC) model to deliver distance learning to assure better retention along with peer learning compared with massive open online courses (MOOCs).

K12 课外培训业务驱动新东方和好未来业绩大幅增长。2016 年 9 月 1 日~2016 年 11 月 31 日，好未来 FY17Q3 归母净利润 1363 万美元，同比增长 42%；新东方 FY17Q2 归母净利润为 1036 万美元，同比增长 76.1%。国内两大教育行业龙头公司的业绩高增长均源于 K12 课外培训业务的爆发。

本期广证恒生新三板教育指数上涨 2.58%，领先三板成分指数 2.3 个百分点，领先三板做市指数 1.94 个百分点。教育板块 30 家发生交易的公司中有 15 家上涨。本期新增中凯国际、爱尚游、读行学堂、博融智库、光驰教育、艾美迪、环球艺盟7 家挂牌企业。本期最受关注的当属亿童文教拟 IPO 以及《国家教育事业发展“十三五”规划》发布，确定了“十三五”时期教育改革发展的主要目标、战略任务，其中“教育的结构性改革” 是未来五年的主线，教育行业发展迎新机遇。 

需求持续释放奠定行业长期增长基础。教育行业细分领域多，各类教育机构作为内容生产商居于产业链核心。据德勤估算，教育核心产业2015 年市场规模达1.64 亿元，预计2020 年将扩大至2.92 亿元，CAGR12.2%，其中民办幼儿园、K12 培训、职业培训等民办机构占主导的领域增速较快，民办教育市场空间持续打开。教育行业的成长逻辑清晰，当前主要处于需求拉动供给的阶段。需求端，升学就业压力促使教育刚需持续释放，同时叠加消费升级，构成行业增长的核心驱动力；供给端，优质资源始终稀缺，前政策、资本、技术三重因素为供给增加带来强劲催化，行业集中度和证券化程度尚低提供行业整合的广阔空间。

“1+1+2”：上位法律《民促法》、国务院文件《若干意见》、部门配套政策《登记细则》和《监管细则》的相继出台有望对我国民办教育未来发展起到长期促进作用

Educational technology is a means to enrich the learning experience. To that end, digital classrooms make use of advanced technological learning aids (such as interactive whiteboards and 3D printing) to boost student interactivity and to enhance knowledge retention. As a result, educational institutions have increased their budgets to include more collaboration, assessment, and enterprise resource planning systems in their delivery methods. Standardization of curricula across regions along with increased Internet and broadband penetration are also propelling market growth. Many educational technology vendors have emerged to bolster the teaching and learning experience through their hardware and software solutions. We note that companies in this market have overcome complex regulatory hurdles (across geographies) to expand their market shares.

Cloud computing is the use of computing resources where systems are connected by public or private networks to offer scalable infrastructure for applications and file storage. It offers a pool of resources that includes data storage, specified applications, and networks and computer processing power. Across regions, governments and private organizations are accelerating education digitization through various monetary and non-monetary initiatives. In an attempt to ensure equality in education and improve the quality of learning content, educational institutions have begun to implement services such as cloud computing and LMS. Within the education ecosystem, cloud computing helps students, faculty, and education organizations to use software and hardware managed by third-party service providers. Cloud computing can play a significant role in improving the quality of delivering higher education without compromising on the regulated and restricted learning environment.

Visual analytics is an emerging field of analytics that involves the use of visualization, data mining, and statistics to handle massive volumes of data. This is done with the help of human judgement by means of visual representations and interaction techniques. In visual analytics, instead of limiting the analysis to predefined metrics to examine data and study relations between parameters, data analysts are increasingly incorporating analytical reasoning and advanced computation with data visualization. business intelligence tools employ data in tabular forms. Whereas, visual analytics applies tools and practices, which make it easier for non-technical users to interact with the data through visual representations. It enables users to engage in analytical processes through visual representations, which are supported by computer graphics engines with integrated in-memory storage of data. This process facilitates rapid updates of multiple visualizations.