Dublin, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
The Global EdTech and Smart Classrooms Market size is expected to reach $258.9 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period.
The way that education is delivered has changed recently and over the past few decades. The educational system is successfully taking advantage of the chance to utilize technology to its utmost capacity. Governments all over the world are issuing funding and grants to assist educational institutions in adopting cutting-edge teaching methods.
In addition, governments can thereby support the digitization of educational systems in their various areas and nations. The market for digital classrooms is driven by the rising demand for digital education.
Modern classrooms that are outfitted with integrated learning technologies, such as audience response systems, specialized software, and projectors, among others, to provide a better learning environment are known as "digital classrooms." In order to teach effectively, the digital classroom is also concentrating on the development of cutting-edge technologies.
This action is expected to enable instructors to engage with their students and have a beneficial impact on the e-learning business. The need for digital content that can give students the knowledge they want has recently expanded across a wide range of educational institutions.
Online learning resources are already being adapted by certain schools with excellent ICT to lessen the strain of teachers. The use of digital content will also change the entire traditional teaching approach to make lessons more interactive and collaborative. Additionally, the adoption of learning analytics & cloud computing in digital classrooms is predicted that will further propel market expansion in the coming years because these features aid to reduce spending on information technology (IT) systems.
COVID-19 Impact Analysis
The pandemic's onset has significantly raised the need for EdTech solutions. Due to the widespread acceptance of the online teaching-learning paradigm, educational institutions are now utilizing EdTech and smart classroom solutions for ongoing operations, exams, training, and other activities at colleges and universities. For vendors of edtech, the growing demand has created new opportunities.
Adoption of EdTech solutions like LMS has also increased as a result of the increase in demand. The requirement to maintain educational institutions operating during the COVID-19 pandemic has resulted in a rise in demand for EdTech solutions. Owing to the pandemic, some European nations are concentrating on online learning and employment.
Market Growth Factors
Increasing Usage of ML And AI In Smart Learning
The eLearning experiences are made more individualized owing to the growing utilization AI and ML technology. Learners can access relevant information relating to user-interest domains due to machine learning (ML) algorithms that help forecast results based on historical data. With the aid of AI and ML technologies, eLearning content may be delivered by EdTech solutions in a tailored manner. In business settings, employees receive the information they require quickly thanks to customized online training programmes that support them in achieving their unique goals.
Rising Investment In Education Sector
Governments throughout the world have raised 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 for meeting the educational demands of future generations. Higher education institutions are encouraged and developed by greenfield projects. For example, the construction of a new Indian Institute of Technology is expected to cost the Indian government over USD 3.0 billion (IITs).
Marketing Restraining Factor:
Growing Security And Privacy Concerns
With IoT-enabled smart smartphones and electronic wearables, educational institutions and businesses acquire a range of data in the linked environment, including information about students. 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 educational IT infrastructure might not be as safeguarded as needed to be at a corporate level, access to this data can be easily obtained.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in EdTech and Smart Classrooms Market
Chapter 4. Global EdTech & Smart Classrooms Market by Component
4.1 Global Hardware Market by Region
4.2 Global EdTech & Smart Classrooms Market by Hardware Type
4.2.1 Global Interactive Displays Market by Region
4.2.2 Global Interactive Projectors 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 EdTech & Smart Classrooms Market by Deployment Type
5.1 Global Cloud Market by Region
5.2 Global On-premise Market by Region
Chapter 6. Global EdTech & 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 EdTech & Smart Classrooms Market by Education System
7.1 Global Learning Management System Market by Region
7.2 Global Student Information & 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 & 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 EdTech & Smart Classrooms Market by Region
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.1 Recent strategies and developments:
9.1.1.1 Partnerships, Collaborations, and Agreements:
9.1.1.2 Acquisition and Mergers:
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 & Development Expense
9.2.5 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental 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 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 SAP SE
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 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 & Development Expense
9.7.5 SWOT Analysis
9.8 Lenovo Group Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
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 & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.10. Udemy, Inc.
9.10.1 Company Overview
For more information about this report visit https://www.researchandmarkets.com/r/dsrust
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