EdTech and Smart Classroom Market Analysis - Global Industry Size, Share, Trends and Forecast, 2020 - 2027

Category : ICT | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2199

The EdTech and Smart Classroom market is expected to experience major opportunities over the forecast period from 2020 to 2027.

The education technology (Ed Tech) is inclusive of several domains including educational teaching and learning theories, online learning, computer-based, and smartphone based learning. And smart class is the education technology upgraded classroom that encourages education with the help of teaching and learning methods for both teachers and students along with the coordination of academics with advanced technology. The objective of this technologically advanced education infrastructure is to invoke the interest of students in education by introducing real-time e-learning to them with the help of audios and videos, multimedia, images, online web conferences, PPT presentations, and 2D & 3D animations among others. The implementation of the smart class has upgraded the level of understanding by enhancing student-teacher interaction and collaboration. Additionally, the smart classroom is the extension of education technology by projectors, whiteboards, smart notebooks, tablets, and laptops among others.

Market Dynamics

The proliferation of connected devices in the education sector along with the growing adoption of eLearning solutions is supporting market growth. The increasing usage of Artificial intelligence (AI) & Machine Learning (ML) in smart learning across the developed and developing education infrastructure is further supporting the market growth. Furthermore, the potential growth opportunities for system integrators as well as increasing spending on the education sector are some of the other factors anticipated to create potential opportunities over the forecast timeframe from 2020 to 2027.

On the other side, the increasing incidences of cyberattacks on educational institutes and enterprises and associated risk with data security and privacy are projected to limit the growth to an extent over the estimated timeframe from 2020 to 2027.

North America accounted for the dominating share in the EdTech and Smart Classroom Market

In 2019, the EdTech and smart classroom market of North America was leading the market with maximum revenue share (%). The major economies of the region including the US and Canada are the major contributors to the dominating share in terms of revenue (US$ Mn). The presence of major technology players in the region as well as the early advent of advanced technology in the education sector of the developed economies of the region is supporting the regional market value. The high per capita income and spending on the education of the students by the parents are further bolstering the market value. The increasing investment in the education technology of the US coupled with the rapid launch of mobile learning applications in the region is supporting the regional market growth. Moreover, the Asia Pacific region is expected to exhibit the fastest growth throughout the forecast timeframe from 2020 to 2027. The increasing spending on education by the parents due to growing disposable income and expanding technological infrastructure is supporting the regional market value. The increasing spending by the major players in the region due to available opportunities in the developing economies is further bolstering the regional market value. 

Key Industry Players

The players profiled in the report include 2U, Inc. (US), Apple Inc. (US), Blackboard Inc. (US), Campus Management Corp., Cisco Systems, Inc. (US), Cornerstone OnDemand, Inc. (US), D2L, Dell EMC (US), Discovery Communication (US), Ellucian (US), Google (US), Instructure, Inc. (US), International Business Machines Corporation, Lenovo Group Limited (China), Microsoft Corporation (US), Oracle Corporation (US), Promethean World Ltd (UK), SAP SE, Smart Technologies (Canada), and Workday, Inc. The major players are involved in strategic mergers and acquisitions, collaborations and partnerships, and new product development in order to expand their market share.

Market Segmentation

Market By Hardware

Interactive Displays

Interactive Projectors

Market By Application

Learning Management System

Student Information System

Classroom Assessment System

Classroom Collaboration System

Classroom Management System

Document Management System

Student Response System

Talent Management System

Market By End user

Kindergarten

K-12

Higher Education

Market By Deployment Type

Cloud

On-Premises

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • UK.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


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