South America Edtech and Smart Classroom Market
No. of Pages: 140 | Report Code: TIPRE00017319 | Category: Electronics and Semiconductor
No. of Pages: 140 | Report Code: TIPRE00017319 | Category: Electronics and Semiconductor
The regional government is concentrating intensely on the education sector, owing to citizens' increased interest in education in the last two decades. In terms of revenue generation from the e-learning market and is anticipated to generate revenue of ~US$ 3 billion by 2023. On the other hand, the education sector in SAM is limited due to the government's inadequate reform and investment. As per UNESCO, around 12 million adults across 20 countries in the region are contributing directly or indirectly to online education. Nowadays, millions of people are retrieving written materials, collaborative software, podcasts, webinars, and more in the region. The development in education patterns in the region often requires approval from certain external parties, such as school boards, state governments, and federal governments. The primary reason behind the growth of EdTech sector in the region is the adoption of mobile and smart phones. It is estimated that around 60% of SAM's mobile connections are smartphones, and the internet user in SAM is expected to reach 63% by the end of 2020. Effective use of available digital information, enhanced by smart education methods, supports the educational initiatives of stakeholders to address the challenges facing education in SAM.
Furthermore, SAM is a developing region with the presence of many emerging nations, which makes it a lucrative market for EdTech and smart classroom players. The developing countries in SAM are characterized by growing population, rising disposable income, growing investments in education sector, and rising tech-savvy young students. Hence, the demand for consumer electronics such as smartphones, laptops, and tablets is growing at an impressive pace in this region, which is anticipated to drive the adoption of education technology solutions/apps in SAM. Brazil, Peru, Chile, Ecuador, and Argentina are among the major countries in SAM, and these countries currently have a high number of COVID-19 confirmed cases and deaths. The restrictive measures taken by governments, such as discontinuation of schools and other education institutions in their premises to restrict the spread of COVID-19 outbreak have led to increased adoption of digital technologies among students and schools. Students are increasingly investing in online classes, while schools are investing in upgrading their technology infrastructure to adapt with changing dynamics of education sector amid the present pandemic crisis. These factors are driving the growth of EdTech and smart classroom market in SAM.
Strategic insights for the South 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$ 5,434.8 Million |
| Market Size by 2027 | US$ 12,386.5 Million |
| Global CAGR (2020 - 2027) | 10.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 SAM is expected to grow from US$ 5,434.8 million in 2019 to US$ 12,386.5 million by 2027; it is estimated to grow at a CAGR of 10.8% 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 SAM EdTech and smart classroom market. 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. Also, owing to the ongoing COVID-19 pandemic, the demand of e-learning and online classes has increased multifold with shutting down of schools and colleges in SAM. The pandemic is anticipated to further push the adoption of various digital technologies in education sector at a faster rate with more and more schools, universities, and educational institutes adopting distance learning and virtual classrooms for continued and uninterrupted delivery of education to students. Hence, all these factors are anticipated to drive the growth of SAM 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 SAM 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 SAM 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 SAM 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.; IBM Corporation; Microsoft Corporation; Oracle Corporation; and SAP SE.
The South America Edtech and Smart Classroom Market is valued at US$ 5,434.8 Million in 2019, it is projected to reach US$ 12,386.5 Million by 2027.
As per our report South America Edtech and Smart Classroom Market, the market size is valued at US$ 5,434.8 Million in 2019, projecting it to reach US$ 12,386.5 Million by 2027. This translates to a CAGR of approximately 10.8% during the forecast period.
The South 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 South America Edtech and Smart Classroom Market report:
The South 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 South America Edtech and Smart Classroom Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Edtech and Smart Classroom Market value chain can benefit from the information contained in a comprehensive market report.
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