DUBLIN–(BUSINESS WIRE)–The report “Global EdTech and Smart Classrooms Market Size, Share & Industry Trends Analysis Report By Component, By Hardware Type, By Deployment Type, By End User, By Education System, By Regional Outlook and Forecast, 2022-2028” has been added to from ResearchAndMarkets.com offer.
The global education technology and smart classroom market size is expected to reach $258.9 billion by 2028, growing at a market growth rate of 12.8% CAGR during the forecast period.
The way education is delivered has changed recently and over the past decades. The education system is successfully taking advantage of the opportunity to use technology to its greatest capacity. Governments around the world provide funding and grants to help educational institutions adopt cutting-edge teaching methods.
In addition, governments can thus support the digitization of education systems in their different regions and nations. The digital classroom market is driven by the growing demand for digital education.
Modern classrooms equipped with integrated learning technologies, such as audience response systems, specialized software, and projectors, among others, to provide a better learning environment are called “digital classrooms”. In order to teach effectively, the digital classroom also focuses on the development of advanced technologies.
This action should enable instructors to engage with their students and positively impact the e-learning industry. The need for digital content that can empower students with the knowledge they want has recently spread to a wide range of educational institutions.
Online learning resources are already being adapted by some schools with excellent ICT to lighten the load on teachers. The use of digital content will also change the whole traditional pedagogical approach to make lessons more interactive and collaborative. Additionally, the adoption of learning analytics and cloud computing in digital classrooms is expected to further drive the expansion of the market in the coming years, as these features help in reducing expenditure on technology systems information (IT).
COVID-19 Impact Analysis
The onset of the pandemic has greatly increased the need for EdTech solutions. Due to the widespread acceptance of the online teaching-learning paradigm, educational institutions are now using EdTech and smart classroom solutions for ongoing operations, exams, training, and other college activities. and universities. For edtech providers, the growing demand has created new opportunities.
The adoption of EdTech solutions like LMS has also increased due to the increase in demand. The requirement to keep educational institutions operating during the COVID-19 pandemic has led to an increase in demand for EdTech solutions. Due to the pandemic, some European countries are focusing on online learning and employment.
Market Growth Factors
Growing use of ML and AI in smart learning
Online learning experiences are being made more individualized due to the increasing use of AI and ML technology. Learners can access relevant information related to users’ areas of interest through machine learning (ML) algorithms that help predict outcomes based on historical data. Using AI and ML technologies, eLearning content can be delivered by EdTech solutions in a personalized way. In business, employees quickly receive the information they need through personalized online training programs that help them achieve their unique goals.
Increased investment in the education sector
Governments around the world have increased their spending on education and the majority of nations have increased the share of investment in GDP. Governments are investing in a range of new and existing projects to meet the increased need to meet the educational demands of future generations. Higher education institutions are encouraged and developed by entirely new projects. For example, the construction of a new Indian Institute of Technology is expected to cost the Indian government over $3.0 billion (IIT).
Marketing Restriction Factor:
Growing security and privacy concerns
With smart smartphones and IoT-enabled electronic wearables, educational institutions and businesses acquire a range of data in the related environment, including student information. Educational institutions and businesses also have access to the learner’s location and other relevant data, which could result in a privacy breach. This information can be extremely valuable to hackers. Since the education IT infrastructure may not be as secure as needed at the enterprise level, access to this data can be easily obtained.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
18.104.22.168 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Strategies deployed in EdTech and Smart Classrooms Market
Chapter 4. Global Education Technology and Smart Classrooms Market by Component
4.1 Global Computer Hardware Market by Region
4.2 Global Education Technology and Smart Classrooms Market by Hardware Type
4.2.1 Global Interactive Display Market by Region
4.2.2 Global Interactive Projector Market by Region
4.2.3 Global Others Market by Region
4.3 Global Software Market by Region
4.4 Global Services Market by Region
Chapter 5. Global Education Technology and Smart Classrooms Market by Deployment Type
5.1 Global Cloud Market by Region
5.2 Global On-premises Market by Region
Chapter 6. Global Education Technology and Smart Classrooms Market by End User
6.1 Global Higher Education Market by Region
6.2 Global K-12 Market by Region
Chapter 7. Global Education Technology and Smart Classroom Market by Education System
7.1 Global Learning Management System Market by Region
7.2 Global Student Information and Administration System Market by Region
7.3 Global Student Collaboration System Market by Region
7.4 Global Student Response System Market by Region
7.5 Global Learning and Gamification Market by Region
7.6 Global Test Preparation Market by Region
7.7 Global Classroom Management System Market by Region
7.8 Global Document Management System Market by Region
7.9 Global Talent Management System Market by Region
Chapter 8. Global Education Technology and Smart Classrooms Market by Region
Chapter 9. Business Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial analysis
9.1.3 Sectoral and regional analysis
9.1.4 Research and development costs
9.1.1 Strategies and recent developments:
22.214.171.124 Partnerships, collaborations and agreements:
126.96.36.199 Acquisition and merger:
9.1.2 SWOT Analysis
9.2 Cisco Systems, Inc.
9.2.1 Company overview
9.2.2 Financial analysis
9.2.3 Regional Analysis
9.2.4 Research and development costs
9.2.5 SWOT analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial analysis
9.3.3 Regional and sector analysis
9.3.4 Research & Development expenses
9.3.5 SWOT analysis
9.4 Google LLC
9.4.1 Company Overview
9.4.2 Financial analysis
9.4.3 Sectoral and regional analysis
9.4.4 Research and development costs
9.4.5 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial analysis
9.5.3 Sectoral and regional analysis
9.5.4 Research and development costs
9.5.5 SWOT analysis
9.6 SAP OS
9.6.1 Company Overview
9.6.2 Financial analysis
9.6.3 Sectoral and regional analysis
9.6.4 Research and development costs
9.6.5 Recent Strategies and Developments:
188.8.131.52 Partnerships, collaborations and agreements:
9.6.6 SWOT Analysis
9.7 Apple, Inc.
9.7.1 Company Overview
9.7.2 Financial analysis
9.7.3 Regional Analysis
9.7.4 Research and development costs
9.7.5 SWOT analysis
9.8 Lenovo Group Limited
9.8.1 Company Overview
9.8.2 Financial analysis
9.8.3 Sectoral and regional analysis
9.8.4 Research and development costs
9.8.5 Recent Strategies and Developments:
184.108.40.206 Partnerships, collaborations and agreements:
220.127.116.11 Product launches and product extensions:
9.9 Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP)
9.9.1 Company overview
9.9.2 Financial analysis
9.9.3 Regional Analysis
9.9.4 Research and development costs
9.9.5 Strategies and Recent Developments:
18.104.22.168 Product launches and product extensions:
9.10. Udemy, Inc.
9.10.1 Company Overview
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