Edtech and Smart Classroom Market Worth US$ 9,090.20 Mn, Globally, by 2027 at 15.3% CAGR - Exclusive Report by The Insight Partners

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 (Up to 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 education sector. Cloud deployment is an attractive option for organizations of all sizes as it ensures payment on 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 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 report on the Edtech and Smart Classroom market includes information on the strategic collaborations. The study also mentions the key players across the Edtech and Smart Classroom market. Here are some prominent participants involved in the Edtech and Smart Classroom market:

Competitive Landscape: Edtech and Smart Classroom Market: Apple Inc., Blackboard Inc., Cisco Systems, Inc.,D2L Corporation, IBM Corporation, Lenovo Group Limited, Microsoft Corporation, Oracle Corporation, SAP SE,SMART Technologies.

The research on the Edtech and Smart Classroom market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Edtech and Smart Classroom market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The study assesses factors such as segmentation, description, and applications of Edtech and Smart Classroom industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

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Impact of COVID-19 Pandemic on North America Edtech and Smart Classroom Market.

North America is the largest market in for edtech and smart classroom market. The demand for education technology solutions and services is high in developed nations such as US and Canada owing to the huge presence of edtech companies, smart device manufacturers, and cloud service providers, and high adoption of advanced technologies in schools and educational institutions. The education technology industry has been flourishing at an impressive pace in the US due to its high adoption among end users, and growing investments and funding initiatives for edtech start ups. As per the WHO reports, the US is the world's worst-affected country by the COVID-19 outbreak in terms of confirmed cases and deaths.

However, in the wake of lockdowns and social distancing measures imposed by governments, increasing number of schools and universities have adopted distance learning programs through virtual classrooms and with the help of online exam and assessment tools. This has propelled the demand for video conferencing, digital content consumption, virtual classrooms, and other education technologies.

This research provides detailed information regarding the major factors influencing the growth of the Edtech and Smart Classroom Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

The global edtech and smart classroom market has been segmented as follows:

Edtech and Smart Classroom Market - by Component
• Hardware
• Software
o Learning Management System
o Student Information System
o Classroom Management System
o Classroom Assessment System
o Other Systems
• Services

Edtech and Smart Classroom Market - by Deployment Type
• On-Premises
• Cloud
• Hybrid

Edtech and Smart Classroom Market - by EndUser
• Upto K-12
• Higher Education

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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