Higher Education Segment is Expected to be Fastest Growing During Forecast Period for APAC Region

According to a new market research study on “APAC EdTech and Smart Classroom Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment Type  and End-User” is expected to reach US$ 64,353.4 million by 2027 from US$ 17,692.4 million in 2019. The market is estimated to grow at a CAGR of 17.5% from 2020 to 2027. The report provides trends prevailing in the APAC EdTech and smart classroom market along with the drivers and restraints pertaining to the market growth. Leading technologies coming together for high-tech learning is the major factor driving the growth of the APAC EdTech and smart classroom market. However, issues associated with high initial expenditure and lack of information hinders the growth of APAC EdTech and smart classroom market.

The APAC EdTech and smart classroom market has been segmented on the basis of component, deployment type, and end user. Based on the component, the market is segmented into hardware, software, and services. Software components are further categorized as learning management systems, student information systems, classroom management systems, classroom assessment systems, and others. Hardware held the largest market share over the forecast period from 2020 to 2027. On the basis of deployment type, the APAC EdTech and smart classroom market is segmented into cloud, on-premise, and hybrid. Cloud segment contributed a substantial share in 2019. The market based on end-users has been segmented into upto K-12 institutes and higher education. Upto K-12 led the APAC EdTech and smart classroom market with largest market share in 2019.

Also APAC is characterized by the presence of many developing countries such as China and India, as well as South Asian countries where investments in education sector and EdTech startups is high. The rising urbanization levels and high population growth, and increasing technology adoption in the education sector are among the key factors that make APAC an attractive market for EdTech and smart classroom products. APAC is home to ~60% of world population that includes the two most populous countries—China and India. In addition to the huge population, the region also has presence of huge young and tech savvy school and college students. Additionally, the high penetration of consumer electronics and growing demand of e-learning/distance learning solutions in countries also support the EdTech and smart classroom market growth in the region. The ongoing COVID-19 outbreak and consequent shutdown of schools and other educational institutions in the region is further fueling the adoption of education technology solutions.

Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; IBM Corporation; Lenovo Group Limited; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies are among the leading companies in the APAC EdTech and smart classroom market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, IBM partnered with National Skill Development Corporation or (NSDC) to provide free training in emerging technologies and professional development skills to corporate learner and school learners in India.

The report segments the APAC EdTech and Smart Classroom Market follows:

APAC EdTech and Smart Classroom Market – By Component   

• Hardware
• Software

APAC EdTech and Smart Classroom Market – By Deployment Type

• On-Premises
• Cloud
• Hybrid

APAC EdTech and Smart Classroom Market – By End-User

• Upto K-12
• Higher Education

APAC EdTech and Smart Classroom Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC