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Edtech and Smart Classroom Market Revenue to Reach US$232.9 Billion by 2027 – MarketsandMarkets™ Report

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Markets & Markets Research Pvt. Ltd

CHICAGO, Nov. 25, 2022 (GLOBE NEWSWIRE) — Global Edtech and Smart Classroom Market According to a report by MarketsandMarkets, it is expected to grow from USD 125.3 billion in 2022 to USD 232.9 billion in 2027 at a compound annual growth rate (CAGR) of 13.2% during the forecast period., Adoption of edtech platforms in government organizations, educational institutions and other institutions, increasing internet and smartphone penetration, e-learning solutions, AI-based education and expansion of edtech and smart classrooms market in developing regions are driving growth in the global edtech market. ,

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scope of the report,

Report statistics

Description

Market size available over the years

2021–2027

base year is considered

2021

forecast period

2022-2027

segments covered

Hardware (interactive display, interactive projector), educational system (LMS, SIS, TMS), end user, deployment type and region

geographic coverage

North America, Asia Pacific, Europe, Middle East and 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), Instructable (US) , 2U INC (US), Elucian (US), Anthology (US), Lenovo (China), Smart Technologies (Canada), Cornerstone OnDemand (US), D2L (Canada), Workday (US), Discovery Education (US), Prometheus (UK)

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Interactive display segment to maintain the largest market size during the forecast period

An interactive display is a wall-mounted device that allows users to create live visual presentations and manage on-screen data through digital touchscreen interaction. Available in a variety of sizes, interactive LCD displays are ideal for collaborative spaces ranging from small kindergarten classrooms to large corporate boardrooms. Today’s interactive displays allow teachers and presenters to share information more clearly, but their touchscreen capabilities also make the entire audience more engaged. While traditional keyboard and stylus input options are available, today’s leading interactive displays include multi-touch controls that recognize up to 20 touch points simultaneously. Unlike interactive whiteboard products, which often require extensive training for new users, these interactive panels capitalize on the widespread popularity of tablets and smartphones by providing intuitive touch controls that feel familiar from the first use. Growth in flexible display technologies, increasing demand for interactive whiteboards in education sector and increasing trend towards touch based devices are the major factors driving the global interactive display market. Many improvements and improvements have been made to the original design in the 30 years since Smartboards were first introduced to classrooms. Current models include features such as the HyPr Touch with InGlass technology, which allows up to 20 simultaneous interactions with the board, the Explore Platform device for use with various stamps, pens and other objects, and applications annotated on the web. Browser or any other page that the user shares with his students. These demonstrations are used in adaptive learning, lectures, hands-on learning, blended learning, information gap activities, task-based learning. Interactive displays help improve student engagement. It also provides effective and trackable feedback. Interactive touchscreen displays help keep classrooms productive and focused.

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The story continues

On-premises deployment will grow rapidly over the forecast period

Provides greater control over on-premises edtech configuration and system upgrades. This will encourage organizations to use on-premise higher education tools. An on-premises deployment is a system that is deployed on an organization’s infrastructure and connected to a local area network (LAN). On-premises edtech solutions are stored on the organization’s servers and the user or purchaser must obtain a license to use the solutions. Installation and maintenance are performed by the purchaser’s internal IT personnel, who have full control over the LMS software. On-premises edtech applications enable enterprises to create, store, and distribute business-critical data and control access to learning programs. The percentage share of on-premises implementations of edtech solutions is declining because these applications require high initial investments and long-term commitments from developers. Local applications are used by enterprises where the continuous availability of a learning system is critical to the outcome of the business process. The on-premises deployment type provides high speed, scalability, flexibility, and security, but does not require remote access to stored data. On-premises facilitates student-centered instruction, lesson planning, and a self-organized learning environment. The world’s most recent higher education institutions have collaborated with relevant industries to develop programs and courses that exchange essential knowledge with a focus on developing students’ competencies and capabilities to meet industry needs. – make sure. Some of the distinguishing features of this innovative educational paradigm include mobile technology, internet coverage and high speed internet, as well as social media platforms that allow students to learn whenever and wherever they want. Another distinguishing feature is that in this modern era of education, the role of teachers has shifted to that of facilitators and mentors. According to Statista, in 2020, nearly 51% of prospective students said affordability was the most important factor when selecting an institution for online education courses.

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Europe is expected to be the third fastest growing region during the forecast period

Europe is showing progressive growth in terms of adoption of EdTech solutions. The European Commission is working on a number of policy initiatives to modernize education and training. It provides funding for research and innovation in digital learning technologies; and monitors the progress of the digital transformation in schools. The European Union (EU) has adopted a Communication on the Digital Education Action Plan to help individuals, educational institutions and education system solutions better adapt to rapid digital transformations. Europe has a capable technical background that provides cost-effective solutions to customer needs.

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In Europe, at the national level, e-learning policies are now emerging that focus on policy measures, such as building digital competences in teachers and learners. With the Self-Reflection on Effective Learning by Promoting Innovative Educational Technologies (SELFIE) tool, the European Commission supports schools across Europe in developing digital strategies to improve teaching and learning. Europe has a competent technical background that provides cost-effective solutions as per the requirements of the clients. The UK is a major hub for emerging edtech companies, as evidenced by the number of venture capitalists seeking edtech companies in the region. IBIS Capital, a London-based hedge fund that invests in start-ups in the media, technology and education sectors, found that 184 institutional investors (funds, family offices) and 1,800 high net worth individuals owned more than GBP20 million. UK Investments actively seeking investment opportunities in the edtech sector. Teacher Training, Teaching Practice, Webquest, Direct Method, Instructional Practice and Instructional Methods are very applicable in the Europe region.

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market players

Some of the major service type players profiled in the Edtech and Smart Classroom market study include Apple (US), Cisco (US), Blackboard (US), IBM (US), Dell EMC (US), Google ( USA), Microsoft (US), Oracle (US), SAP (Germany), Instruct (US).

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Contact: About MarketsandMarkets™ MarketsandMarkets™ is a Blue Ocean growth consulting and program management alternative, leveraging a human-machine offering to drive supernormal growth for forward-thinking organizations in the B2B space. We have the broadest view of emerging technologies, making us adept at co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion worth of new revenue streams replacing existing revenue streams in this decade alone. We partner with clients on development programs and help them capitalize on this $25 trillion opportunity through our service line – TAM Expansion, Go-to-Market (GTM) Strategy Execution, Market Share Gain, Account Enablement and Thought Leadership Help Marketing Make Money Built On the principle of ‘Give Growth’, we partner with several Forbes Global 2000 B2B companies – to help them stay relevant in a disruptive ecosystem. Our insights and strategies are shaped by our industry experts, state-of-the-art AI-powered Market Intelligence Cloud, and years of research. KnowledgeStore™ (our market intelligence cloud) integrates our research, facilitates analytics across a range of applications, helps customers visualize the entire ecosystem and understand revenue changes happening in their industry. For more information, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact person: Mr. Ashish Mehra Markets & Markets™ Inc.

Source: news.google.com

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