North America EdTech and Smart Classroom Market
No. of Pages: 153 | Report Code: TIPRE00017315 | Category: Electronics and Semiconductor
No. of Pages: 153 | Report Code: TIPRE00017315 | Category: Electronics and Semiconductor
Online learning has become an integral part of best learning and teaching practices around North America. EdTech and smart classroom solutions helps to enhance the quality of teaching and learning. The EdTech includes domains such as online learning, educational teaching and learning theories, and computer-based and smartphone-based learning. It has been widely adopted by various K-12 and higher education institutes to offer students better learning experience. EdTech and smart classroom is an assembly of several hardware and software systems, such as projectors, interactive displays, interactive whiteboards, printers, learning management, and classroom management modules. It is not possible to deploy all hardware components in one computer owing to the limited computation power; hence, a distributed computing platform is necessary for creating smart environment in schools and colleges. Also, digital advancements in education sector is expected to create a significant demand for EdTech and smart classroom in the coming years, which is further anticipated to drive the North America EdTech and smart classroom market.
Furthermore, COVID-19 is having a very devastating impact over the North America region. Presently, North America is the largest market in terms of revenue share of EdTech and smart classroom market. The region is characterized by the presence of developed nations such as US and Canada, where the demand of education technology solutions & services is quite high owing to the huge presence of EdTech companies, smart device manufacturers, cloud service providers, and high adoption of advanced technologies among schools and educational institutions. Education technology industry has been flourishing at an impressive pace in the US due to high adoption among end-users and growing investments and funding in EdTech start-ups. In terms of COVID-19 outbreak, US is the worst affected country presently in terms of confirmed cases and number of deaths, as per latest WHO reports. However, with more and more schools and universities continuing to adopt distance learning through virtual classrooms and online exams & assessment tools, in the wake of ongoing pandemic and closure of schools across major North American countries. Hence, the COVID 19 outbreak has a positive impact on the growth of few markets such as video conferencing, digital content consumption, virtual classrooms, and education technology among many others.
Strategic insights for the North America 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$ 27,978.8 Million |
| Market Size by 2027 | US$ 88,791.8 Million |
| Global CAGR (2020 - 2027) | 15.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 27,978.8 million in 2019 to US$ 88,791.8 million by 2027; it is estimated to grow at a CAGR of 15.5% from 2020 to 2027. The North America region in expected to be the fast growing region, in terms of EdTech and smart classroom market revenue over the forecast period of 2020 to 2027. The high focus on education in North American countries, rising young population, huge demand of smart and connected devices among students, and growing number of EdTech startups are some of the factors that are driving the demand for education technology solutions in this region. In addition to the favorable EdTech market growth scenario, the growing popularity of e-learning/digital learning solutions coupled with rising trend of digitalization in education sector of all the major North American countries is boosting the growth opportunities for the market players operating in the North America EdTech and smart classroom market.
In terms of component, the hardware segment accounted for the largest share of the North America 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 North America 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 North America 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.
The North America EdTech and Smart Classroom Market is valued at US$ 27,978.8 Million in 2019, it is projected to reach US$ 88,791.8 Million by 2027.
As per our report North America EdTech and Smart Classroom Market, the market size is valued at US$ 27,978.8 Million in 2019, projecting it to reach US$ 88,791.8 Million by 2027. This translates to a CAGR of approximately 15.5% during the forecast period.
The North America 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 North America EdTech and Smart Classroom Market report:
The North America 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 North America EdTech and Smart Classroom Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America EdTech and Smart Classroom Market value chain can benefit from the information contained in a comprehensive market report.
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