Published Date: 31-Jul-2022
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According to a new report, published by KBV research, 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 Software segment is showcasing a CAGR of 13.3% during (2022 - 2028). With the use of EdTech software, educators can conduct live or recorded classes, giving students access to such digital materials from any location. Through remote learning, edtech apps are helping teachers keep track of their students' attention and involvement. In addition to using learning management system (LMS) software to create, distribute, and administer educational content, numerous higher education institutions are now live-streaming their classes to multiple classrooms.
The Cloud segment acquired maximum revenue share in the Global EdTech & Smart Classrooms Market by Deployment Type in 2021 thereby, achieving a market value of $127.3 billion by 2028. The interactive displays segment recorded the largest revenue share in the EdTech and Smart Classrooms Market in 2021. Interactive displays support tech-enhanced educational collaboration and social learning. Additionally, these students are 13% more certain to feel comfortable participating in class debates.
The Higher Education segment is leading the Global EdTech & Smart Classrooms Market by End User in 2021 thereby, achieving a market value of $165.2 billion by 2028. Online videos have the important advantage of saving time. Since watching the video can be done at one's own pace, it is ideal for both busy students and those who need to brush up on their knowledge. Owing to the shift in perspective, educational videos help viewers retain their knowledge more effectively.
The Learning Management System segment has shown the growth rate of 10.9% during (2022 - 2028). It is owing to the integration of AI-enabled capabilities. The overall increase in student enrollment is also anticipated to have a significant impact on the admission automation software market. The Administration Software Solution comes with CRM and corporate resource planning software (ERP). Leading educational institutions employ administration software solutions to efficiently handle their daily operations.
The North America market dominated the Global EdTech & Smart Classrooms Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $87 billion by 2028.The Europe market is exhibiting a CAGR of 12.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 13.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Google LLC, Oracle Corporation, SAP SE, Apple, Inc., Lenovo Group Limited, Instructure, Inc., and Udemy, Inc.
By Deployment Type
By End User
By Education System
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