South America EdTech and smart classroom Market revenue to cross US$ 12,386.5 million by 2027
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Digital transformation has been transforming industries by driving the adoption of digital technologies and smart & connected hardware to increase overall operational productivity and revenues of companies. Education is one of the key industries where digitalization is rapidly evolving with adoption of smart devices such as interactive displays, tablets, notebooks, and smartphones in classrooms and student’s lives. In addition to this, the growing digital content creation for education sector, online/e-learning courses, online exams, virtual classrooms, edutainment, and digital textbooks are further boosting the growth of SAM EdTech and smart classroom market. The growing investments in EdTech startups that are integrating advanced technologies such as AR, VR, and AI in education solutions are further boosting the overall trend of digitalization in the education sector. Also, owing to the ongoing COVID-19 pandemic, the demand of e-learning and online classes has increased multifold with shutting down of schools and colleges in SAM. The pandemic is anticipated to further push the adoption of various digital technologies in education sector at a faster rate with more and more schools, universities, and educational institutes adopting distance learning and virtual classrooms for continued and uninterrupted delivery of education to students. Hence, all these factors are anticipated to drive the growth of SAM EdTech and smart classroom market over the forecast period of 2020 to 2027.
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South America EdTech and Smart Classroom Market – Key Players:
1. Apple Inc.
2. Blackboard Inc.
3. Cisco Systems, Inc.
4. IBM Corporation
5. Microsoft Corporation
6. Oracle Corporation
7. SAP SE
The regional government is concentrating intensely on the education sector, owing to citizens' increased interest in education in the last two decades. In terms of revenue generation from the e-learning market and is anticipated to generate revenue of ~US$ 3 billion by 2023. On the other hand, the education sector in SAM is limited due to the government's inadequate reform and investment. As per UNESCO, around 12 million adults across 20 countries in the region are contributing directly or indirectly to online education. Nowadays, millions of people are retrieving written materials, collaborative software, podcasts, webinars, and more in the region. The development in education patterns in the region often requires approval from certain external parties, such as school boards, state governments, and federal governments. The primary reason behind the growth of EdTech sector in the region is the adoption of mobile and smart phones. It is estimated that around 60% of SAM's mobile connections are smartphones, and the internet user in SAM is expected to reach 63% by the end of 2020. Effective use of available digital information, enhanced by smart education methods, supports the educational initiatives of stakeholders to address the challenges facing education in SAM.
Key Market Segments:
In terms of component, the hardware segment accounted for the largest share of the SAM EdTech and smart classroom market in 2019. Based on deployment type, cloud held the largest market share in 2019. In terms of end-user, upto k-12 segment held a larger market share of the SAM EdTech and smart classroom market in 2019.
South America EdTech and Smart Classroom Market Segmentation:
South America EdTech and Smart Classroom Market - By Component
SAM EdTech and Smart Classroom Market - By Deployment Type:
South America EdTech and Smart Classroom Market - By End-User:
1. Upto K-12
2. Higher Education
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South America EdTech and Smart Classroom Market - By Country
3. Rest of SAM
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