What is EdTech & Smart Classroom Market?
The term EdTech refers to the adoption of hardware and software solutions for enhanced learning experience and improve studentís outcome. The smart classrooms are digitally equipped with various technological methods of teaching like interactive displays. However, the use of virtual reality and gamification method is becoming more popular for learning maths and performing science practices. In recent times, the number of e-learning start-ups are entering in the global market due to increasing adoption of online learning solutions will further boost the market.
The market study is being classified and major geographies with country level break-up.
Lenovo (China), Dell EMC (United States), Huawei (China), Samsung (South Korea), Cisco Systems (United States), Blackboard Inc. (United states), Google (United States), Microsoft Corporation (United States), Oracle Corporation (United States) and IBM (United States) are some of the key players profiled in the study.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global EdTech & Smart Classroom market throughout the predicted period.
Analyst at AMA have segmented the market study of Global EdTech & Smart Classroom market by Type, Application and Region.
On the basis of geography, the market of EdTech & 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Implementation of Advanced Technologies to Improve Student Outcomes and Deliver Enhanced Education Quality
- Growing Technological Advancements like AI, VR, and Gamification of Learning
- Concern About Studentís Data and Privacy and Limited Availability of Fund
- High Adoption of Interactive Displays in the Classrooms by K-12 Education Institutions
- High Maintenance and Electricity Cost of the Digital Solutions
Market Leaders and some development strategies
In August 2021, Asiaís higher EdTech major, upGrad, announced the acquisition of KnowledgeHut with the aim of being an integrated LifeLongLearning partner and liberalising quality online education around the world. KnowledgeHut is a global edtech company with a product offering of over 200 courses across in-demand areas of Web Development, Machine Learning / AI, and Data Science, and many more. With the acquisition of KnowledgeHut, upGrad will offer learners immersive and next-gen flagship learning experience platform, PRISM.
In March 2021, Huawei launched smart classroom solution to meet the interaction requirements in classrooms. The solution utilizes the large-screen IdeaHub Board as a portal and leverages smart terminals and various teaching applications to share high-quality teaching resources based on the cloud platform. Moreover, for remote teaching, It provides various functions like online learning, live streaming, and recording.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, EdTech and Smart Classroom Solution Providers, Online E-learning Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the EdTech & Smart Classroom Market?
"Increasing Implementation of Advanced Technologies to Improve Student Outcomes and Deliver Enhanced Education Quality" is seen as one of major growth factors of EdTech & Smart Classroom Market in years to come.
2. Can we have customized study for EdTech & Smart Classroom Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global EdTech & Smart Classroom Market?
will lead the EdTech & Smart Classroom Market.