According to our latest market study on “Edtech and Smart Classroom Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component (Hardware, Software, and Services), Deployment Type (On-Premises, Cloud, and Hybrid), and End-User (Upto K-12 and Higher Education),” the market was valued at US$ 75.24 billion in 2019 and is projected to reach US$ 234.41 billion by 2027; it is expected to grow at a CAGR of 15.3% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.
Cloud-based software solutions provide easy scalability and high operational flexibility to e-learning companies and institutions while reducing their overall costs and operational risks. Moreover, the ever-evolving cloud architecture and system algorithms, easy accessibility, and advanced feature integration are fueling the adoption of these solutions in diverse industry verticals, including the education sector. Cloud deployment is an attractive option for organizations of all sizes as it ensures payment on a use-basis, regular data backup, high security, lower capital and operational costs, and instant provisioning features for up-to-date functionality provided by such solutions.
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These benefits associated with the cloud deployment of various EdTech and smart classroom solutions are fueling the adoption of these solutions worldwide. With an increasing number of companies—such as Citrix Systems, Inc.; IBM Corporation; Microsoft Corporation; and Oracle—offering cloud-based solutions for the education sector, the adoption of these solutions is anticipated to outnumber the on-premises deployments at an impressive rate during the forecast period.
The proposed Edtech and Smart Classroom Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Edtech and Smart Classroom Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.
Furthermore, the Edtech and Smart Classroom Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.
The Structure of The Edtech and Smart Classroom Market Report Can Be Categorized into the Following Sections:
Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
The Prominent/Emerging Players In The Edtech and Smart Classroom Market Research Include:
- Apple, Inc.
- Blackboard Inc.
- Cisco Systems, Inc.
- D2L Corporation
- IBM Corporation
- LENOVO GROUP LIMITED
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SMART TECHNOLOGIES
The Edtech and Smart Classroom Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Rising Digitalization in Education Sector DrivesEdtech and Smart Classroom Market Growth
Digital transformation has been transforming industries worldwide by driving the adoption of digital technologies, and smart and connected hardware, which increases the overall operational productivity and revenues of companies worldwide. Education is one of the key industries where digitalization is rapidly evolving with the growing adoption of smart devices such as interactive displays, tablets, notebooks, and smartphones in classrooms, as well as in the routines of students and school staff. In addition, the growing digital content creation for the education sector, online/e-learning courses, online exams, virtual classrooms, edutainment, and digital textbooks are further boosting the global edtech and smart classroom market growth. The US, China, India, UK, France, South Korea, and Australia are a few of the key countries wherein the trend of digitalized education has been growing at an impressive pace. Moreover, in China, the US, and India, digitalization in the educational sector is booming with an unprecedented increase in edtech investments in the past few years.
Company Overview:
Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Financial Performance:
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product Benchmarking:
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Strategic Initiatives:
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.
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The Edtech and Smart Classroom Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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