Education Technology and Smart Classroom Market Scope
Smart class in schools offers high quality learning with technological advancements. Number of schools has switched from traditional ways of teaching to the higher tech based innovations like robotics, AR/VR, AI etc. Increasing technological advancements in educational industry driving the demand for smart technology in education industry. This classroom are assisted by technical tools, like smart screens, laptops/computers, microphones, projectors, speakers, amplifiers etc. Geographically, North America region is expected to grow with the highest market share over the forecast period followed by Europe and Asia Pacific. Presence of leading market players creating hub for Education Technology and Smart Classrooms providers which further impacting on market profitability in better manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | SPA SE (United States), IBM Corporation (United States), Cisco System (United States), Microsoft Corporation (United States), Fujitsu Limited (Japan), Blackboard Inc. (United States), SMART Technology (Canada), 2U Inc. (United States), Anthology Inc. (United States), Cornerstone On Demand Inc. (United States), Discovery Inc. (United States), Dell Inc. (United States) and Apple Inc. (United States) |
CAGR | % |
Market players are focusing on providing Education Technology and Smart Classroom with smart cost structure to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features with better offering to reach a newer consumer base. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective properties. Besides, the industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Education Technology and Smart Classroom market throughout the predicted period.
SPA SE (United States), IBM Corporation (United States), Cisco System (United States), Microsoft Corporation (United States), Fujitsu Limited (Japan), Blackboard Inc. (United States), SMART Technology (Canada), 2U Inc. (United States), Anthology Inc. (United States), Cornerstone On Demand Inc. (United States), Discovery Inc. (United States), Dell Inc. (United States) and Apple Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Education Technology and Smart Classroom market by Type , by Application (Kindergarten, K-12 and Higher Education) and Region with country level break-up.
On the basis of geography, the market of Education Technology and Smart Classroom has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On December 15, 2023, Microsoft Teams Education collaborated with Flipgrid, a video discussion platform, to enable seamless video recording and sharing within Teams classrooms. This partnership enhances communication and collaboration opportunities for educators and students.
Influencing Trend:
Ongoing Digitisation in Educational Offerings
Market Growth Drivers:
Growing Expenditure of Education Industry across the Globe and Increasing Adoptions Smarter Technologies in Education Sector
Challenges:
Students Misusing Technology and Lack of Teacher Knowledge and Professional Development
Restraints:
High Concern regarding Poor Networking Issue in Rural Areas
Opportunities:
Growing Global Connectivity owing to Higher Technological Advancements and Higher Switched towards Smart Classroom Technology from Traditional Once during Pandemic
Key Target Audience
Education Technology and Smart Classroom Providers, New Entrants/Investors, Strategic Business Planners, Governments, Public/ Private Property Owners and Real Estate Industry