Asia Pacific EdTech and Smart Classroom Market
No. of Pages: 168 | Report Code: TIPRE00017296 | Category: Electronics and Semiconductor
No. of Pages: 168 | Report Code: TIPRE00017296 | Category: Electronics and Semiconductor
Web based learning has become an indispensable piece of best learning and showing rehearses around APAC. EdTech and smart classroom assists with upgrading the nature of instructing and learning. The EdTech incorporates spaces, for example, web based learning, instructive educating and learning hypotheses, and PC based and cell phone based learning. It has been broadly embraced by different K-12 and advanced education organizations to offer better learning experience to users. The APAC EdTech and smart classroom market comprises the analysis of Australia, India, China, Japan, and South Korea, among others. The digital transformation has become a new trend across the region's educational sector, owing to growing concerns for online classes in this COVID-19 crisis. Numerous schools and colleges are taking the COVID-19 crisis as an opportunity to be more productive and competitive by adopting online training and teaching classes, as well as for developing professional skills. Additionally, the ease of convenient teaching is enhanced by the smart classrooms, which is anticipated to positively impact the smart classroom market in the region during the forecast period. Due to this progress, entering into learning assessment collaborations, mainly in South Asia. The significant advantages of regional assessment intervention are the aid in research and knowledge sharing, development of tools, regional capacity development, and national and international assessments and research projects on enhancing the smart education in the region. Moreover, the region requires robust assessment systems that enable monitoring progress in education. Several countries in South Asia are still lagging in integrating systematic monitoring and evaluation of education, which permit them to measure their education programs and policies' implications.
Furthermore, APAC is characterized by the presence of many developing countries such as China and India, as well as South Asian countries where investments in education sector and EdTech startups is high. The rising urbanization levels and high population growth, and increasing technology adoption in the education sector are among the key factors that make APAC an attractive market for EdTech and smart classroom products. APAC is home to ~60% of world population that includes the two most populous countries—China and India. In addition to the huge population, the region also has presence of huge young and tech savvy school and college students. Additionally, the high penetration of consumer electronics and growing demand of e-learning/distance learning solutions in countries also support the EdTech and smart classroom market growth in the region. The ongoing COVID-19 outbreak and consequent shutdown of schools and other educational institutions in the region is further fueling the adoption of education technology solutions.
Strategic insights for the Asia Pacific EdTech and Smart Classroom provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 17,692.4 Million |
| Market Size by 2027 | US$ 64,353.4 Million |
| Global CAGR (2020 - 2027) | 17.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
|
The geographic scope of the Asia Pacific EdTech and Smart Classroom refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The EdTech and smart classroom market in APAC is expected to grow from US$ 17,692.4 million in 2019 to US$ 64,353.4 million by 2027; it is estimated to grow at a CAGR of 17.5% from 2020 to 2027. Digital transformation has been transforming industries by driving the adoption of digital technologies and smart & connected hardware to increase overall operational productivity and revenues of companies. Education is one of the key industries where digitalization is rapidly evolving with adoption of smart devices such as interactive displays, tablets, notebooks, and smartphones in classrooms and student’s lives. In addition to this, the growing digital content creation for education sector, online/e-learning courses, online exams, virtual classrooms, edutainment, and digital textbooks are further boosting the growth of EdTech and smart classroom market worldwide. China, India, South Korea, and Australia are some of the key countries where the trend of digitalized education has been growing at an impressive pace. China, and India are some of the prominent countries where digitalization in educational sector is booming with unprecedented increase in EdTech investments over the past few years. The growing investments in EdTech startups that are integrating advanced technologies such as AR, VR, and AI in education solutions are further boosting the overall trend of digitalization in the education sector. Hence, all these factors are anticipated to drive the growth of APAC EdTech and smart classroom market over the forecast period of 2020 to 2027.
In terms of component, the hardware segment accounted for the largest share of the APAC EdTech and smart classroom market in 2019. Based on deployment type, cloud held the largest market share in 2019. In terms of end-user, upto k-12 segment held a larger market share of the APAC EdTech and smart classroom market in 2019.
A few major primary and secondary sources referred to for preparing this report on the EdTech and smart classroom market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; IBM Corporation; Lenovo Group Limited; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies.
Some of the leading companies are:
The Asia Pacific EdTech and Smart Classroom Market is valued at US$ 17,692.4 Million in 2019, it is projected to reach US$ 64,353.4 Million by 2027.
As per our report Asia Pacific EdTech and Smart Classroom Market, the market size is valued at US$ 17,692.4 Million in 2019, projecting it to reach US$ 64,353.4 Million by 2027. This translates to a CAGR of approximately 17.5% during the forecast period.
The Asia Pacific EdTech and Smart Classroom Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific EdTech and Smart Classroom Market report:
The Asia Pacific EdTech and Smart Classroom Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific EdTech and Smart Classroom Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific EdTech and Smart Classroom Market value chain can benefit from the information contained in a comprehensive market report.
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