Education technology is also recognized as Ed Tech. Edtech & smart classroom is an assembly of a number of hardware & software systems including projectors, teach management, interactive whiteboards, interactive displays, printers, and classroom management modules. Edtech includes educational teaching & learning theories, online learning, and computer-based & smartphone-based learning. It has been generally adopted by various K-12 and higher-education institutes to provide better learning experience to the students.
As per analysis, “Global Education Technology (Ed Tech) and Smart Classrooms Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global education technology and smart classrooms market include Discovery Communication, Microsoft, Apple, HP, Dell, Promethean, Fujitsu Limited, Cisco Systems Inc, Blackboard, Lenovo, SABA, Smart Technologies, Panasonic, Dynavox Mayer-Johnson, Toshiba and among others. Leading players are emphasizing on introducing a variety of advanced solutions in order to gain first mover advantage.
Based on type, education technology and smart classrooms market is segmented as systems, hardware and technologies. Systems include Learning Content Management System (LCMS), Student Response System (SRS), Learning Content Development System (LCDS) and DMS. Hardware includes projectors, printers, IWB and displays. Additionally, technologies include educational analytics, educational dashboards, educational enterprise resource planning (ERP) and educational gaming. In addition, based on application, market is segmented as K-12, kindergarten and higher education.
The education technology and smart classrooms market is driven by growth in adoption of eLearning solutions, followed by increase in proliferation of connected devices in the education sector, growth in implementation of government programs to promote the education across emerging nations, lower cost of development & ease of use, rise in demand for digital education, growth in online teaching-learning models to keep running education system and rise in use of Artificial Intelligence (AI) and Machine Learning (ML) in smart learning. However, increase in cyber-attacks on educational institutes & enterprises to raise data security & privacy concerns may impact the market. Additionally, increase in spending on the education sector and growth in opportunities for system integrators are leading opportunities for market. Moreover, integration of advanced technologies for enhanced learning is a key trend for market. Furthermore, inability to manage real-time & unconstructed data and high cost of producing eLearning content are major challenges for global market.
Based on regional analysis, the North-America region holds major share in global education technology and smart classrooms market owing to huge presence of edtech companies, cloud service providers and smart device manufacturers coupled with high adoption of advanced technologies in schools & educational institutions across the region. The Asia-Pacific and European regions are anticipated to witness higher growth rate due to rise in penetration of mobile devices and increase in government funding in the education sector over the forecast period. It is predicted that future of the global education technology and smart classrooms market will be bright because of growth in adoption of online education in lieu of COVID-19 pandemic and novel technologies for instance smart classroom that promote the interactive education & knowledge sharing during the forecast period.
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Ankur Gupta, Head Marketing & Communications