Global EdTech and Smart Classroom Market Overview:
In recent years, high growth has been observed in the education sector. Continuous technological advances in the education sector have resulted in educational technologies and smart classrooms that are replacing traditional teaching methods. Educational institutions focus on introducing new advanced teaching methods including whiteboards, projectors, and smart notebooks, etc. Implementing technology in the classroom improves student understanding and appreciates students in learning new technologies. Unlike the various traditional methods, educational technologies, as well as smart classroom methods, are not tied to the location, the number of hours, and attendance. The educational technology and smart classroom market are defined as the combination of educational products, learning modes, and applications. This market is still in its infancy as only large institutions are receptive to the latest technological change.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Rise in Trend of Interactive Display as A Hardware Device That Opens Up Content, Predominantly Technological Content, and Inspires A Level of Interactivity and Adopting Digital and E-Learning Education Solutions In Order To Promote Literacy among Masses
Market Growth Drivers:
Increasing Penetration of Mobile Devices, Easy Availability of Internet Users, Increasing Number of Mobile Learning Applications, Growing Demand for Edtech Solutions and Impact of Covid-19 Pandemic with Growing Online Teaching-Learning Models
Challenges:
Lack of Awareness in Emerging and Under-Developed Nations
Restraints:
High Initial Investment Incurred on Setting up A Smart Classroom
Opportunities:
Ongoing Technological Advancement in Educational Sector Has Given Rise to Education Technology and Smart Classrooms and The Implementation of Government Programs to Promote Education across Emerging Nations
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Apple Inc. (United States), Dell EMC (United States), IBM Corporation (United States), Google, LLC (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Cisco Systems, Inc. (United States), Knewton, Inc. (United States), Dynavox Systems LLC (United States), Blackboard Inc. (United States), Educomp Solutions Ltd. (India), Adobe Corporation (United States), Scholastic Corporation (United States), Smart Technologies Inc. (Canada), NIIT Ltd. (India), Saba Software Inc. (United States), Instructure, Inc. (United States), Ellucian (United States), Campus Management (United States) and Lenovo (China). Additionally, following companies can also be profiled that are part of our coverage like Cornerstone OnDemand (United States), D2L (Canada), Workday (United States), Discovery Communication (United States) and Promethean (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global EdTech and Smart Classroom market by 2030. Considering Market by Education System, the sub-segment i.e. Learning Management System will boost the EdTech and Smart Classroom market. Considering Market by Technology, the sub-segment i.e. Gamification will boost the EdTech and Smart Classroom market. Considering Market by Hardware Components, the sub-segment i.e. Interactive Displays will boost the EdTech and Smart Classroom market.
Latest Market Insights:
On October 26, 2023, Duolingo announced the launch of Duolingo ABC, a new app designed to help children learn to read and write. The app uses a variety of games and activities to make learning fun and engaging.
On November 22, 2023, Google Classroom announced the launch of new features to help teachers create more engaging and interactive lessons. The new features include the ability to add polls, quizzes, and exit tickets to lessons, as well as the ability to share student work with other students.
What Can be Explored with the EdTech and Smart Classroom Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global EdTech and Smart Classroom Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in EdTech and Smart Classroom
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global EdTech and Smart Classroom market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in EdTech and Smart Classroom market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of EdTech and Smart Classroom, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.