With the rise in automation and digitization in almost all the sectors, education industry is also revamping its growth strategies to compete on equal levels. Smart classrooms and EdTech have changed the way knowledge was being imparted to the students in different parts of the world. It has revolutionized the teaching as well as learning methods. EdTech or education technology can be explained as the integration and application of hardware, software, and educational theories to impart learning, teaching, and training using technical resources and processes. And the advanced version of educational technology is known as smart classrooms, where knowledge can be provided to anyone, from anywhere in the world, without having to be physically present in the classroom.
Governments of different nations are investing heavily in education industry. In addition, implementation of technological advancements for online classes, improved internet facilities, and rising awareness among the people about e-learning platforms are some of the key factors fueling the global EdTech & smart classroom market. Moreover, the outbreak of COVID-19 pandemic has stirred up the education sector for better. Due to lockdown followed across the world, all the training institutes, colleges, and schools, are kept closed to control the rapidly rising cases of the patients. In this scenario, smart classroom system and e-learning has been a boon to market growth, driving the demand. Apart from this, schools are also investing in providing quality education to its students, with more practical implementation of the theoretical learning, encouraging the usage of EdTech. Not limited to this, several educational institutes across the world are adopting smart classroom programs for their distant learning courses, broadening the horizons to the market.
The global EdTech & smart classroom market is broadly categorized on the basis of system, end users, deployment, and region. Among these, the system segment is sub-segmented into classroom collaboration system, student information system, document management system, classroom management system, and so on. In terms of deployment, the global EdTech & smart classroom market is bifurcated into on-premises and cloud. Also, the end user segment is classified into higher education, kindergarten, and K-12.
Geographically, North America is the leading region in the global EdTech & smart classroom market and is expected to capture major share during the forecast period. This is attributed to the emergence of advanced technologies and hi-tech tools & software in the education industry. The region is also depicting significant market growth owing to surging number of learning apps. Besides, Asia Pacific is also foreseen to project a notable growth in the future owing to high adoption of e-learning solutions in the region.
Apple, IBM, CISCO, Google, Dell, Microsoft, SAP, Oracle, Lenovo, SMART Technologies, Blackboard Inc., Ellucian, etc. are some of the leading companies in the global EdTech & smart classroom market. Recently, a well known e-learning company, IXL Learning that develops customized learning products used by over 12 million people has acquired Rosetta Stone, a global leader in providing technology-based language learning.