According to A new research report titled “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 (Upto K-12 and Higher Education),” published by The Insight Partners, the market is expected to reach US$ 234.41 billion by 2027, registering a CAGR of 15.3% from 2020 to 2027.
Online learning has become an integral part of best learning and teaching practices around the world. EdTech and smart classroom solutions help enhance the quality of teaching and learning. The edtech includes online learning, educational teaching and learning theories, and computer-based and smartphone-based learning. It has been widely adopted by various K-12 and higher education institutes to offer better learning experience to students. Edtech and smart classroom is an assembly of several hardware and software systems, such as projectors, interactive displays, interactive whiteboards, printers, learning management, and classroom management modules. It is not possible to deploy all hardware components in one computer owing to the limited computation power; hence, a distributed computing platform is necessary for creating smart environment in schools and colleges, which also fuels the EdTech and Smart Classroom market growth.
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Impact of COVID-19 Pandemic on APAC Edtech and Smart ClassroomMarket
Young and tech-savvy school and college students account for large share of the huge population of APAC. This factor propels the demand for various types of edtech and smart classroom solutions in the region. Additionally, the high penetration of consumer electronics and growing demand for e-learning/distance learning solutions in countries such as China and India is another factor fueling the edtech and smart classroom market in the region. The ongoing COVID-19 outbreak and consequent suspension of classroom learning at schools and other educational institutions is further fueling the adoption of education technology solutions. Moreover, the presence of a large number of well-funded edtech startups in this region drives the market growth.
The edtech and smart classroommarket players focus on offering innovative products integrated with advanced technologies and features in their products to compete with the competitors.
- In 2020, Blackboard Inc declared the accessibility of the Reporting Tier for the Blackboard Data platform, which offered institutions access to reports designed to offer insights on use of learning tools within the Blackboard SaaS EdTech ecosystem.
- In 2020, Cisco introduced Webex Classrooms that securely connect teachers, students, and parents in a single place, irrespective of their actual location.
The global edtech and smart classroom market has been segmented on the basis of component, deployment type, and end user. On the basis of component, the market is segmented into hardware, software, and services. The software components are further categorized as learning management systems, student information systems, classroom management systems, classroom assessment systems, and others. On the basis of deployment type, the edtech and smart classroom market is segmented into cloud, on-premise, and hybrid. The market based on end user has been segmented into K-12 institutes and higher education institutes. Further, on the basis of geography, the edtech and smart classroom market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East, and Africa (MEA), and South America (SAM).
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The Insight Partners
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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.