Global EdTech and Smart Classroom Market to Witness Phenomenal Rise as Life Remains Restricted due to COVID-19

LONDON, Jan. 31, 2022 (GLOBE NEWSWIRE) -- The global edtech and smart classroom market has been thriving as lockdowns due to COVID-19 have forced education institutes shut. Customizable options to pursue education anywhere between K-12 years has allowed edtech and smart classroom companies to make a stronger impact in the past two years. According to Fairfield Market Research, the global edtech and smart classroom market will be worth US$188.8 Bn by 2026 from US$72.1 Bn in 2018. Between the forecast years of 2021 and 2026, the market is expected to surge at a whopping CAGR of 14.5%, predict analysts.

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Mammoth Expansion of EdTech and Smart Classroom Market Attributable to

Customized Learning Solutions
The newfound flexibility with edtech and smart classroom solutions to alter lessons has given students a chance to pursue education at varying speeds. Tailoring lessons and creating unique learning experiences have given this market a solid ground to build on. From flexible timing to different modes of testing, the aim of these modern educative solutions is to be more inclusive of students across the globe. The market is also being supported by improved IT infrastructure, better availability of the Internet, and access to obscure courses, which is luring in adults. The report predicts that the market will witness a growing subscriber base as the pandemic changes mindsets of brick-and-mortar schools and colleges to learning at the desired pace.

Learning System Management Segment to Lead by a Margin
The popularity of the learning system management (LMS) programmes is expected to remain high. Their usage for tracking, offering courses, supervision, and certification and gradation is expected to create significant demand in the coming years. LMS has a strong advantage as it is fully designed to automate learning administrations, keep track of classroom instructions, and offer content management and creation capabilities. The system also provides easy access to study material, making learning more activity-based than just a task.

Europe Edtech and Smart Classroom Market to Remain at Forefront
Geographically, North America is expected to lead the global edtech and smart classroom market during the forecast period. This regional market is expected to register a CAGR of 13.4% between the years 2021 and 2026. Meanwhile, Europe is also expected to see an exceptional growth rate as e-learning and virtual classrooms become an integral part of the education system in the developed region. Interactive displays and wireless technologies are expected to push the end users to adopt these solutions to make the most of the restricted lifestyle due to the pandemic.
        
Some of the key players operating in the global edtech and smart classroom market are BYJU’s, Apple Inc., Alphabet Inc., IBM Corporation, Learning Technologies Group, Cisco Systems Inc., Amazon.com Inc, Microsoft Corporation, Dell Inc., SMART Technologies ULC, and Cornerstone On-demand Inc. Expand reach will be the main move of these companies to tap into rural markets, making education a more affordable commodity. In line with the same thought, BYJU'S has partnered with The Akshaya Patra Foundation as of January 2022. The move comes to further the mission to reach out to underprivileged children with quality education to transform lives.

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REPORT SCOPE & SEGMENTATION:

REPORT FEATURES	DETAILS
Education System Coverage	Learning Management System Student Information System Classroom Assessment System Classroom Collaboration System Classroom Management System Document Management System Student Response System Talent Management System
Enabling Technology Coverage	Gamification Analytics ERP Security Advanced Technology* (AI, AR, VR, Robotics, and Blockchain)
End-Use Coverage	Kindergarten K-12 Higher Education
Deployments Coverage	Cloud On-Premises
By Hardware	Interactive Displays Interactive Projectors
Geographic Coverage	North America Europe Asia Pacific Latin America Middle East & Africa
Leading Companies	Apple Inc. IBM Corporation Alphabet Inc. Cisco Systems Inc. Learning Technologies Gr Amazon.com Inc Microsoft Corporation SMART Technologies ULC   Dell Inc. Cornerstone On-demand Inc. Trek
Report Highlights	Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends

Table of Content

1. Executive Summary
1.1. Global EdTech and Smart Classroom Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.4. Value Chain Analysis
2.5. Porter’s Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents

3. Global EdTech and Smart Classroom Market Outlook, 2018-2026
3.1. Global EdTech and Smart Classroom Market Outlook, by Hardware, Value (US$ ‘000), 2018-2026
3.2. Global EdTech and Smart Classroom Market Outlook, by Enabling Technology, Value (US$ ‘000), 2018-2026
3.3. Global EdTech and Smart Classroom Market Outlook, by End-User, Value (US$ ‘000), 2018-2026
3.4. Global EdTech and Smart Classroom Market Outlook, by Education System, Value (US$ ‘000), 2018-2026
3.5. Global EdTech and Smart Classroom Market Outlook, by Deployments, Value (US$ ‘000), 2018-2026
3.6. Global EdTech and Smart Classroom Market Outlook, by Region, Value (US$ ‘000), 2018-2026

4. North America EdTech and Smart Classroom Market Outlook, 2018-2026
4.1. North America EdTech and Smart Classroom Market Outlook, by Deployments, Value (US$ ‘000), 2018-2026
4.2. North America EdTech and Smart Classroom Market Outlook, by Enabling Technology, Value (US$ ‘000), 2018-2026
4.3. North America EdTech and Smart Classroom Market Outlook, by End-User, Value (US$ ‘000), 2018-2026
4.4. North America EdTech and Smart Classroom Market Outlook, by Hardware, Value (US$ ‘000), 2018-2026
4.5. North America EdTech and Smart Classroom Market Outlook, by Education System, Value (US$ ‘000), 2018-2026
4.6. North America EdTech and Smart Classroom Market Outlook, by Country, Value (US$ ‘000), 2018-2026

5. Europe EdTech and Smart Classroom Market Outlook, 2018-2026
5.1. Europe EdTech and Smart Classroom Market Outlook, by Deployments, Value (US$ ‘000), 2018-2026
5.2. Europe EdTech and Smart Classroom Market Outlook, by Enabling Technology, Value (US$ ‘000), 2018-2026
5.3. Europe EdTech and Smart Classroom Market Outlook, by End-User, Value (US$ ‘000), 2018-2026
5.4. Europe EdTech and Smart Classroom Market Outlook, by Hardware, Value (US$ ‘000), 2018-2026
5.5. Europe EdTech and Smart Classroom Market Outlook, by Education System, Value (US$ ‘000), 2018-2026
5.6. Europe EdTech and Smart Classroom Market Outlook, by Country, Value (US$ ‘000), 2018-2026

TOC Continued..!!!

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