Chicago, June 09, 2023 (GLOBE NEWSWIRE) -- The global EdTech and Smart Classrooms Market to grow from USD 125.3 billion in 2022 to USD 232.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period, according to a new report by MarketsandMarkets™. The interactive projectors segment is projected to grow at the highest CAGR during the forecast period. Projectors are output devices that accept the display of the computer screen and project a large version of the same on a flat surface. Apart from being used in classrooms during lectures, they are used for various purposes, such as for a home theater experience and for the projection of presentations in corporate settings. Projectors help users interact with the image that is being projected on the screen. Users can actively interact with the projected image. This can be achieved by interacting with either the projected image, the projector, or in some cases, another device.
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Scope of the Report
| Report Metric | Details |
| Market Size in 2022 | USD 125.3 billion |
| Revenue Forecast for 2027 | USD 232.9 billion |
| Growth Rate | CAGR of 13.2% |
| Key Growth Drivers | Increasing penetration of mobile devices |
| Key Opportunities | Increase demand of user engagement |
| Market size available for years | 2021-2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2027 |
| Market Segmentation | Hardware (interactive displays, interactive projectors), education system (LMS, SIS, TMS), end user, deployment type, and region |
| Geographies covered | North America, Asia Pacific, Europe, Middle East & Africa and Latin America |
| Companies Covered | Apple (US), Cisco (US), Blackboard (US), IBM (US), Dell EMC (US),Google (US), Microsoft (US), Oracle(US),SAP (Germany), Instructure(US), 2U INC (US) , Ellucian (US), Anthology (US), Lenovo (China) and many more. |
Interactive projectors mimic the functionality of an interactive whiteboard on any other surface, where the image is projected. This allows the presenter to interact with the projected image using an electric or mechanical stylus and often simply a finger. Some interactive projectors have advanced features, which allow user-generated information to be captured, replayed, printed, or copied with or without the originally projected image. These features help keep the audience engaged, especially in an academic end user segment, as it offers multi-touch facilities where children can be given group projects to work on.
The Learning Management System (LMS) segment is expected to hold the largest market share in 2020. The LMS applications are used for the supervision, certification, tracking, and offering of eLearning applications. These systems primarily track classroom instructions, automate learning administrations, and provide tools to manage and create content. They allow institutions to access educational content online, thereby enabling students to view materials using the web browser. There exists a wide range of systems that deal with management training and educational records, which facilitate blended and online courses for collaboration between teachers and students.
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The geographic analysis of the EdTech and smart classroom market is mainly segmented into 5 regions, namely, North America, Europe, Asia Pacific (APAC), Middle east and Africa (MEA) and Latin America. North America is expected to be the leader in the adoption and implementation of EdTech solutions followed by Europe and APAC. The presence of major EdTech and smart classroom providers in the region and increasing investments by North American companies in advanced technologies, would drive the market growth for North America. Moreover, the rising technological sophistication, technology adoption, and increasing demand of online teachinglearning model due to Covid-19 outbreak in the region are expected to drive the high growth of the EdTech and smart classroom market in APAC. The market players are also expanding their coverage in APAC.
The major players in the EdTech and Smart Classrooms Market are Apple (US), Cisco (US), Blackboard (US), IBM (US), Dell EMC (US),Google (US), Microsoft (US), Oracle(US),SAP (Germany), Instructure(US).
Frequently Asked Questions (FAQ)
What is the EdTech and Smart Classrooms Market Growth?
The global EdTech and Smart Classrooms Market was estimated at $125.3 billion in 2022 and is projected to reach $232.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.2%.
What is the EdTech Market Segmentation?
This research report provides the EdTech and Smart Classrooms Market Segmentation based on hardware, education system, end user, deployment type and region
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