Dublin, Aug. 08, 2022 (GLOBE NEWSWIRE) — The “Global EdTech and Smart Classrooms Market by Hardware (Interactive Displays, Interactive Projectors), Education System Solution (LMS, TMS, DMS, SRS, Test Preparation, Learning & Gamification), Deployment Type, End User and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s providing.
The writer forecasts the worldwide EdTech and good school rooms market to develop from USD 125.3 billion in 2022 to USD 232.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.2%
The main elements driving the expansion of the EdTech and good school rooms market embody rising adoption of eLearning options, impression of COVID-19 pandemic and rising want for on-line teaching-learning fashions to proceed schooling system in lockdown.
Student Response system phase to maintain the biggest CAGR throughout the forecast interval
The pupil response system retains the scholars engaged within the class and encourages them to take part actively within the studying course of. It allows the lecturers to conduct polls for college kids throughout or after the category. The college students’ suggestions is given both by clickers or the software program put in on their computer systems.
It empowers the scholars to monitor their progress experiences and reply to the lecturers when requested questions. Teachers may also assess the scholars in actual time, both collectively or individually. During a lecture, instructors can use the Student Response System (SRS) to pose questions and acquire pupil responses. Clickers, classroom response methods, private response methods, and viewers response methods are different names for pupil response methods.
Higher schooling phase to document the quickest progress fee throughout the forecast interval
The Center for Immersive Experiences (CIE) at Penn State University exemplifies EdTech’s potential in greater schooling. A wide range of digital and augmented actuality experiences are continuously accessible for college kids to use as a part of their educational research and analysis tasks.
Students can use know-how comparable to 360 video recording, VR and AR headsets, collaborative areas, and breakout rooms. The aim is to present college college students with entry to know-how that may disrupt and change the long run, and school imagine that college students will need to have entry to these instruments now fairly than later. The CIE has a lecture corridor that will also be used as a VR room.
Students have entry to VR workstations and Oculus Rift headsets. There are additionally smaller breakout rooms within the house. Through collaboration with unit companions, demonstrations can be found.
North America to account for the biggest market share throughout the forecast interval
There are many organizations in North America who’re adopting studying applied sciences that aren’t restricted to inside coaching functions. Learning know-how is a catch-all time period for communication, info, and technological instruments which might be used to enhance studying, instructing, and evaluation. Computer-based studying or multimedia supplies could also be used to complement in-class actions.
Tutorials, simulations, productiveness instruments, communication instruments (comparable to e-mail), and different instruments are examples of key classes of studying know-how instruments. Learning know-how refers to a wide range of digital instruments and media which might be used for instructing and studying. Learning applied sciences ought to assist professors obtain their instructing and studying aims.
Any studying know-how ought to help college students in rising their self-responsibility, appearing as an extension of their particular person and collaborative studying, and empowering college students to take part in greater order studying so as to perceive how information is used outdoors of the classroom.
There is an lively help from personal foundations for edtech tasks. As per the report ‘COVID-19 Effects on the US Higher Education Campuses from Emergency Response to Planning for Future Student Mobility’ by Institute of International Education; 96% of on campus occasions had been cancelled, 91% of campus buildings and workplaces had been closed and 82% worldwide pupil journey was cancelled throughout this pandemic scenario.
In April 2020, the CARES Act gives a USD 14.25 billion Higher Education Emergency Relief Fund (HEERF) for establishments of upper schooling, together with emergency monetary support for college kids. As per the report of IBISWorld, there was decline of 1.4% in schools and universities business in Canada. The variety of worldwide college students in Canada is predicted to cut back in 2020 as nations, comparable to China and South Korea, are impacted by COVID-19 from the place majority of worldwide college students journey to Canada.
Some distinguished gamers throughout all service sorts profiled within the EdTech and good school rooms market research embody Apple (US), Cisco (US), Blackboard (US), IBM (US), Dell EMC (US), Google (US), Microsoft (US), Oracle(US), SAP (Germany), Instructure(US).
Premium Insights
- Growing Use of Ai and Ml in Smart Learning and Demand for Virtual Training to Drive Market Growth
- Interactive Displays Segment to Account for Largest Market Share During Forecast Period
- Learning Management System Segment to Account for Largest Market Share During Forecast Period
- Higher Education Segment to Account for Larger Market Share in 2022
- Cloud Segment to Account for Larger Market Share in 2022
- Asia-Pacific to Emerge as Best Market for Investments in Next Five Years
Market Dynamics
Drivers
- Proliferation of Connected Devices in Education Sector
- Growing Adoption of Elearning Solutions
- Growing Use of Ai and Ml in Smart Learning
- Growing Demand for Training, Presentation, and Meetings Among Corporates and Education Institutes
Restraints
- Increasing Cyberattacks on Educational Institutes and Enterprises to Raise Data Security and Privacy Concerns
Opportunities
- Potential Growth Opportunities for System Integrators
- Increasing Spending on Education Sector
Challenges
- High Cost of Producing Elearning Content
- Inability to Manage Real-Time and Unstructured Data
- Availability of It Infrastructure in Schools and Colleges, Problems in Internet Access, and Lack of Financial Support
COVID-19-Driven Market Dynamics
- Drivers and Opportunities
- Restraints and Challenges
- COVID-19 Impact on Market
- Assumptions: COVID-19 Impact
Case Study Analysis
- Use Case 1: Open Access College Increased Enrolment by Cisco Webex
- Use Case 2: Carroll School Enhanced Live Contact by Deploying Google Solutions
- Use Case 3: Surrey School District Improved Collaboration and Video Communication Through Microsoft’s Solutions
- Use Case 4: Penn Foster Revitalized and Revolutionized Overall Experience by Deploying Sap’s Solutions
- Use Case 5: Ithaca College Increased Staff Productivity and Enhanced Employee Experience Through Oracle’s Solutions
Technology Analysis
- Augmented Reality and Virtual Reality
- Artificial Intelligence and Machine Learning
Company Profiles
Key Players
- Apple
- Cisco
- Blackboard
- Ibm
- Dell Emc
- Microsoft
- Oracle
- Sap
- Instructure
Other Players
- 2U Inc
- Ellucian
- Anthology
- Lenovo
- Smart Technologies
- Cornerstone Ondemand
- D2L
- Workday
- Promethean
- Discovery Education
- Byju’s
- Yuanfudao
- Vipkid
- 17Zuoye
- Udemy
- Udacity
- Age of Learning
- Coursera
- Brightbytes
For extra details about this report go to https://www.researchandmarkets.com/r/5391fo
- Global Edtech and Smart Classroom Market
