With the emergence and long-term Impact of COVID-19, Global EdTech and Smart Classrooms Market to reach USD 298.46 billion by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global EdTech and Smart Classrooms Market points towards a potential rise to USD 298.46 billion by 2029. 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.
Geographically, the global EdTech and Smart Classrooms market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the marketin 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 CAGRduring the forecast period, owing to factors such as increasing adoption of innovative learning methods, increasing e-learning users and increasing demand forcustom e-learning content in education institutions that would create lucrative growth prospects for the EdTech and Smart Classrooms market across the Asia Pacific region.
The global EdTech and Smart Classrooms market is highly competitive owing to the presence of several key players such as Apple Inc. Blackboard Inc. International Business Machines Corporation Dell EMC Google LLC Microsoft Corporation Oracle Corporation Ellucian Anthology Inc. Lenovo Group Limited, and others.
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Global EdTech and Smart Classrooms Market Size study & Forecast, 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) and Regional Analysis, 2022-2029
Key findings of the study suggest:
- Global EdTech and Smart Classrooms Market is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2022-2029.
- In the Deployment segment, Cloud emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing expansions of institutions and universities in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing demand for custom e-learning content in education institutions in the region.
Bizwit Research & Consulting has considered following segments for the study:
- 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:
- Higher Education
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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