An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the EdTech and Smart Classrooms Market” has been showcased on Report Ocean.
The “Global EdTech and Smart Classrooms Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the EdTech and Smart Classrooms Market.
Obtain a comprehensive report on the EdTech and Smart Classrooms Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
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What’s the extent of the Global EdTech and Smart Classrooms Market in terms of size?
Global EdTech and Smart Classrooms Market is valued at approximately USD 110.69 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2022-2029.
What is EdTech and Smart Classrooms?
EdTech and Smart Classrooms is a hardware and software that is specially designed to digitally educate students for encouraging classroom learning and enhance the student’s educations. The EdTech and Smart Classrooms are learning modes, education applications. It uses projectors, interactive displays, interactive whiteboards, printers, audio systems and many more. The EdTech and Smart Classrooms market is expanding because of factors such as the rising demand for smartphones and the increasing demand for E-Learning platforms. However, the first key factor is rising smartphone demand, as smartphones are used for digital education due to the increase in the demand for EdTech and Smart Classrooms around the world. Another key factor is the increasing demand for E-Learning platforms due to the increase in market growth across the world.
According to Statista, the user of smartphones in the year 2021 is USD 298 million and the user of smartphones in the year 2022 is USD 301.65 million. Another factor is the increasing demand for E-Learning Platforms. For instance, according to Statista, the revenue of the E-Learning platform in the year 2022 is USD 56.69 billion and the expected revenue of the E-Learning platform in the year 2027 is USD 64.50 billion. Therefore, it is increasing the market growth. The opportunity of EdTech and Smart Classrooms is rising public awareness about the benefits of high-tech education due to the increase in market demand over the forecast period.
However, the high cost and lack of technical skills stifle market growth throughout the forecast period of 2022-2029.
Which regions are considered in the Global EdTech and Smart Classrooms Market study?
The key regions considered for the Global EdTech and Smart Classrooms Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of increasing expansions of institutions and universities as well as increasing the technological advancements. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing adoption of innovative learning methods, increasing e-learning users and increasing demand for custom e-learning content in education institutions that would create lucrative growth prospects for the EdTech and Smart Classrooms market across the Asia Pacific region.
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Major market players included in this report are:
- Apple Inc.
- Blackboard Inc.
- International Business Machines Corporation
- Dell EMC
- Google LLC
- Microsoft Corporation
- Oracle Corporation
- Ellucian
- Anthology Inc.
- Lenovo Group Limited
Recent Developments in the Market:
In July 2020, IBM collaborated with CBSE. The main goal of this collaboration is to integrate the AI curriculum into 200 schools across India.
In April 2020, Cisco and IBM declared their a collaborative agreement in order to provide assistance for distance learning. The primary objective of this collaboration is to allow schools in Europe to adopt Cisco’s currently free Webex service to enhance distance learning.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Hardware:
Interactive Displays
Interactive Projectors
By Education System:
Learning Management System
Student Information and Administration System
Student Collaboration System
Student Response System
Learning and Gamification
Test Preparation
Classroom Management System
Document Management System
Talent Management System
By End User:
K-12
Higher Education
By Deployment
Cloud
On-Premises
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the EdTech and Smart Classrooms market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide EdTech and Smart Classrooms market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global EdTech and Smart Classrooms market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global EdTech and Smart Classrooms market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global EdTech and Smart Classrooms market. It encapsulates indispensable insights extracted from the EdTech and Smart Classrooms Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global EdTech and Smart Classrooms market, including:
- What can be expected for the EdTech and Smart Classrooms market in the next decade?
- What are the primary drivers of growth in the global EdTech and Smart Classrooms market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the EdTech and Smart Classrooms market vary based on the size of the end market?
- What is the breakdown of EdTech and Smart Classrooms by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the EdTech and Smart Classrooms market?
Our most recent research report showcases the thriving expansion of the global EdTech and Smart Classrooms Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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