The Global EdTech & Smart Classroom Market to grow from USD 70,845.30 Million in 2019 to USD 195,417.27 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 18.42%.
Market Segmentation & Coverage:
The research report categorizes the EdTech & Smart Classroom Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Enabling Technology, the EdTech & Smart Classroom Market studied across Advanced Technology, Analytics, Enterprise Resource Planning, Gamification, and Security.
Based on Education System , the EdTech & Smart Classroom Market studied across Classroom Assessment System, Classroom Collaboration System, Classroom Management System, Document Management System, Learning Management System, Student Information System, Student Response System, and Talent Management System.
Based on Hardware, the EdTech & Smart Classroom Market studied across Interactive Displays and Interactive Projectors.
Based on Deployment Type, the EdTech & Smart Classroom Market studied across On-Cloud and On-Premises.
Based on End-user, the EdTech & Smart Classroom Market studied across Higher Education, K-12, and Kindergarten.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the EdTech & Smart Classroom Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the EdTech & Smart Classroom Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are rising technological awareness, elearning solutions are adopted globally, and connected devices are proliferating in the education sector. However, some factors such as cyberattacks are fluently increased and issues with data security and privacy may hinder the market growth. The EdTech & Smart Classroom Market expected to showcase the opportunities such as simplifies parent-teacher engagement, introduction of augmented reality (ar) and virtual reality (vr), and fun learning environment and gamification in primary learning. Soon market may face the possible challenges in the growth due to limited infrastructure support in developing economies. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the EdTech & Smart Classroom Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The EdTech & Smart Classroom Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global EdTech & Smart Classroom Market, including 2U, Inc., Apple Inc., Blackboard Inc., Campus Management Corp., Cisco Systems, Inc., Cornerstone OnDemand, Inc., D2L, Dell EMC, Discovery Communication, Ellucian, Google, LLC, Instructure, Inc., International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, Oracle Corporation, Promethean World Ltd, SAP SE, Smart Technologies, and Workday, Inc..