Education Technology and Smart Classrooms Market Analysis of the World's Leading Suppliers, Sales, Trends and Forecasts up to 2029
Education Technology and Smart Classrooms Market size was valued at US$ 124.9 Bn. in 2021 and the total Education Technology and Smart Classrooms Market revenue is expected to grow at 13.5 % from 2021 to 2029, reaching nearly US$ 343.8 Bn.
Education Technology and Smart Classrooms Market Overview:
Education technology (EdTech) refers to both hardware and software that is used to educate students digitally in order to promote learning in classrooms and improve students' educational outcomes. Education technology platforms (edtech) assist students in overcoming challenges on their way to a thorough education by utilising technology for learning and teaching. Learning resources like eBooks that are accessed online from anywhere in the globe are gaining popularity.
The Education Technology and Smart Classrooms Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Education Technology and Smart Classrooms Market , as well as the reasons for variations in the industry's growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
Based on Instructional Aid, The Mobile Learning segment is expected to grow at the highest CAGR during the forecast period. A sizeable portion of the market is expected to belong to the smart classroom segment. However, the global smart classroom market is expected to see a market downturn owing to the closure of schools, universities, and other educational institutions as a result of the COVID-19 pandemic.
Mobile learning is expected to gain popularity in the forecast years. Governments have developed online learning programmes, assessments, and distance learning services to lessen the danger of COVID-19 on the educational system, creating lucrative opportunities for business leaders.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Education Technology and Smart Classrooms Market are as follows:
• Apple
• Cisco
• Blackboard
• IBM
• Dell EMC
• Google
• Microsoft
• Oracle
• SAP
• Instructure
• 2U INC
• Ellucian
• Anthology
• Lenovo
• Smart Technologies
• Cornerstone OnDemand
• D2L
• Workday
• Discovery Education
• Promethean
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Education Technology and Smart Classrooms Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Education Technology and Smart Classrooms Market :
Due to a break in operations, end-user sectors where Education Technology and Smart Classrooms Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Education Technology and Smart Classrooms Market manufacturers, impacting the growth of the Education Technology and Smart Classrooms Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Education Technology and Smart Classrooms Market .
Key Questions Answered in the Education Technology and Smart Classrooms Market Report are:
- In 2021, which segment owned the greatest share of the Education Technology and Smart Classrooms Market ?
- What is the competitive landscape of the Education Technology and Smart Classrooms Market ?
- What are the key factors influencing Education Technology and Smart Classrooms Market growth?
- In the Education Technology and Smart Classrooms Market , which region has the most market share?
- What will be the CAGR of the Education Technology and Smart Classrooms Market over the forecast period (2022-2027)?
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