Smart Classrooms Market Is Expected to Grow
Chicago, IL (USA), September 2015 - MarketsandMarkets has just published a new market- research report entitled "Education Technology (Ed Tech) and Smart Classrooms Market by Hardware (IWB, Projectors, Displays, Printers), Systems (LMC, LCMS, LCDS, SRS, DMS), Technologies (Gaming, Analytics, ERP, Dashboards) - Global Forecast to 2020". According to the findings, the global education technology (ed tech) and smart classrooms market is expected to grow from US$ 43.27 billion in 2015 to US$ 93.76 billion in 2020, at a CAGR of 16.7% during the forecast period from 2015 to 2020.
The market report defines and segments using an analysis and forecast of the global and regional opportunities in this market. It also highlights the drivers and restraints, along with various insights on trends, opportunities, and challenges.
The concept of a smart classroom stems from the incorporation of the latest advancements in the education technology and solutions. Smart classrooms require investments for the purchase of hardware and software products. The end users are schools, colleges, universities, and other institutions that offer professional courses for students and learners all over the world. Various new tools that have been developed in the ed-tech and smart-classroom markets help educators and instructors keep track of student progress.
These are further augmented by social, mobile, and video learning. Instructors have begun to connect with their students by using network and communication channels across the globe. Ed tech engulfs innovations that help educational institutions or universities, which deploy large amounts of data and interactions among various students encompassed in different systems, such as learning-management systems (LMS), student-information systems (SIS), and student-response systems (SRS).
The smart-classrooms and ed-tech markets are segmented by the types of ed-tech-enabled hardware products and systems. The hardware products comprise interactive whiteboards, projectors, interactive displays, printers, interactive tables, and audio systems. On the other hand, the educational systems have been classified into learning-management systems (LMS), learning-content-management systems (LCMS), learning-content-development systems (LCDS), student-response systems (SRS), assessment systems, collaboration systems, classroom-management systems, and document-management systems.
The global ed-tech and smart-classrooms markets are segmented on the basis of enabling technologies such as educational gaming, educational analytics, educational ERP, educational security, and educational dashboards. The regions covered in this report are North America (NA), Europe, Asia-Pacific (APAC), Middle-East and Africa (MEA), and Latin America (LA).
The global ed-tech and smart-classrooms markets are to grow from US$ 43.27 billion in 2015 to US$ 93.76 Billion in 2020, at a CAGR of 16.7% during the forecast period from 2015 to 2020. The educational cloud is expected to be the largest adaptor for technologies used in the education sector in the current situation. In terms of regions, North America is estimated to be the largest market for the ed-tech and smart-classrooms markets.