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Digital Classroom Market Size, Business Growth Updates, Trends, Industry Report And Forecast To 2033
Digital Classroom Market Analysis
The Business Research Company offers in-depth market insights through Digital Classroom Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital classroom market size has grown rapidly in recent years. It will grow from $164.58 billion in 2023 to $188.26 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to adoption of interactive whiteboards in classrooms, introduction of learning management systems (lms), implementation of e-learning platforms, proliferation of personal computing devices in education, growing access to high-speed internet in educational institutions.
The digital classroom market size is expected to see rapid growth in the next few years. It will grow to $354.68 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to expansion of online collaboration tools in education, growing demand for cloud-based educational platforms, increasing investment in edtech solutions for remote learning, rise of gamification in digital classrooms. Major trends in the forecast period include integration of augmented reality (ar) and virtual reality (vr) in digital classrooms, adoption of artificial intelligence (ai) for personalized learning, emphasis on data analytics for student performance insights, integration of social learning features in digital classrooms, focus on cybersecurity in digital education platforms.
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Market Segmentation:
The digital classroom market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Product: Digital Classroom Hardware, Digital Classroom Content, Digital Classroom Software
3) By Application: K-12, Higher Education
Major Driver - Internet Penetration Ignites Growth In The Digital Classroom Market
Strong internet penetration is expected to propel the growth of the digital classroom market. Internet penetration is defined as the number of internet users having access to the internet and that is measured by the number of users in a country. Access to the internet is fundamental to achieving the vision of a Digital classroom. Teachers and students mainly prefer online sources for gathering information on a topic and assignments. The potential of the Internet offers individual learners increase freedom from the physical limitations of the real world. For instance, according to the Education Week survey in 2021, a US-based independent news organization that has covered K-12 education, more than 75% of teachers reported that their pupils have reliable internet access at home, allowing for regular involvement in distance learning in the United States. Therefore, internet penetration drives the digital classroom market growth.
Competitive Landscape:
Major companies operating in the digital classroom market report are Jenzabar Inc., Discovery Education Inc., Ellucian Company L. P., Dell Technologies Inc., Blackboard Inc., Pearson Education Inc., DreamBox Learning Inc., Oracle Corporation, Educomp Solutions Limited, SMART Technologies Inc., Panasonic Corporation, Microsoft Corporation, Echo360 Inc., McGraw-Hill Education Inc., Saba Software Inc., Hitachi Ltd., LG Electronics Inc., Promethean World Ltd., Adobe Inc., D2L Corporation (formerly Desire2Learn), Google LLC, Samsung Electronics Co. Ltd., Sony Corporation, Creative Technology Ltd., Edmentum Inc., Knewton Inc., Coursera Inc., Udacity Inc., Udemy Inc., Pluralsight Inc.
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Top Trend - Cloud-Based Learning Revolutionizes Education In The Digital Classroom Market
Cloud-based learning is a key trend gaining popularity in the digital classroom market. Could-based learning has massively transformed the education system globally. Cloud-based learning is online learning that takes place on the cloud and provides a more convenient way of learning opportunities. Many companies operating in the digital classroom market are adopting cloud-based technologies as they have advantages such as improved administration, access to Information, online education courses, and secure data storage. Examples of cloud-based technology and tools available for learning in recent times are Angular 5, Angular 6 Frameworks, Microsoft SQL Server 2016, and Microsoft Azure Cloud Computing Platform. For instance, Jenzabar, Educomp, Ellucian, Google, and Microsoft are the companies operating in the digital classroom market and adopting cloud-based technology for e-learning.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Classroom Market Characteristics
3. Digital Classroom Market Trends And Strategies
4. Digital Classroom Market - Macro Economic Scenario
5. Digital Classroom Market Size And Growth
…..
27. Digital Classroom Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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