The EdTech And Smart Classrooms by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s EdTech And Smart Classrooms, The edtech and smart classrooms market size has grown rapidly in recent years. It will grow from $163.04 billion in 2023 to $189.18 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rising digital transformation and a rise in internet penetration.
The edtech and smart classrooms market size is expected to see rapid growth in the next few years. It will grow to $365.06 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to increasing government support, rising investments and an increasing penetration of mobile devices. Major trends in the forecast period include artificial intelligence in edtech and smart classrooms, focus on technology advancement, focus on virtual learning environment focus on and strategic partnerships and collaborations.
The growing investment in eLearning and EdTech is driving the growth of edtech and smart classrooms market going forward. E-learning stands for electronic learning and it allows people to learn via electronic media, typically on the internet. It allows users to take courses online using electronic devices, such as a computers, tablets, and even smartphones. E-learning uses EdTech which is the use of technology and technology processes to facilitate learning and improve performance. For instance, according to UN Children’s Fund (UNICEF) data reported in March 2021, globally more than 168 million school children missed out on learning in class, as schools in some 14 countries remained largely shut due to COVID-19-related lockdowns. Therefore, this has presented an opportunity for e-learning & edtech providers to capture the market thereby prompting increased investments in the sector. For Instance, according to a report by Tracxn, an India-based platform for tracking start-ups and private companies, Indian ed-tech companies have raised $248 million from January to July 2022 from different sources. The Indian ed-tech companies raised $101 from January to July in 2021, and $251 million annually in 2021. Global ed-tech investments are worth $1.21 billion in 2022. Therefore, the growing investment in eLearning and EdTech will drive the edtech and smart classrooms market.
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The edtech and smart classrooms market covered in this report is segmented –
1) By Education System: Learning Management Systems, Student Information And Administration Systems, Student Collaboration Systems, Student Response Systems, Learning And Gamification, Test Preparation, Document Management Systems, Classroom Management Systems, Talent Management Systems
2) By Deployment: Cloud, On-Premises
3) By Hardware: Interactive Displays, Interactive Projectors
4) By Component: Hardware, Software And Services
5) By End Use: K-12, Higher Education, Kindergarten
Technological advancement is a key trend gaining popularity in the edtech and smart classrooms market. Major players operating in the market are concentrating their efforts on creating innovative technologies like the Virtual Learning Environment (VLE) app that uses AI (Artificial Intelligence). For Instance, in December 2021, Microsoft Corporation, a US-based technology company, and the Oliver Group an Ireland-based EdTech company jointly launched a new virtual learning environment app. This app that runs on the Microsoft Teams application is an intuitive software platform that delivers a wide range of interactive digital content and offers the user a more user-centric learning experience. It features a wide range of interactive digital content and currently encompasses 250 million global Microsoft Teams daily active users. This product, therefore, offers its users seamless student-tutor interaction through easy-to-use interactive tools.
The edtech and smart classrooms market report table of contents includes:
- Executive Summary
- EdTech And Smart Classrooms Market Characteristics
- EdTech And Smart Classrooms Market Trends And Strategies
- EdTech And Smart Classrooms Market - Macro Economic Scenario
- Global EdTech And Smart Classrooms Market Size and Growth
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- Global EdTech And Smart Classrooms Market Competitive Benchmarking
- Global EdTech And Smart Classrooms Market Competitive Dashboard
- Key Mergers And Acquisitions In EdTech And Smart Classrooms Market
- EdTech And Smart Classrooms Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Microsoft Corporation
- Dell Technologies Inc.
- Oracle Corporation
- Apple Inc.,
- SAP SE
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The EdTech and Smart Classroom Market 2021 research report gives emerging industry data, global segments and regional outlook.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the edtech and smart classroom market include Apple, Cisco, Blackboard, IBM, Dell EMC, Google, Microsoft, Oracle, SAP, 2U Inc., Campus Management, Lenovo, Smart Technologies, Cornerstone Ondemand, Knewton, Inc.,, NIIT Technologies Ltd., Discovery Communication.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global EdTech And Smart Classroom Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/edtech-and-smart-classroom-market/download-sampleMarket DynamicsThe constant increase in the use of connected devices in the education sector worldwide is the primary factor driving the ed-tech and smart classroom market over the forecast time frame.
In addition to that, the growing adoption of E-learning Solutions worldwide contribute to the ed-tech and smart classroom market growth.
