Software Segment to Dominate SAM EdTech and Smart Classroom Market during 2019–2027

According to a new market research study on “SAM 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$ 12,386.5 million by 2027 from US$ 5,434.8 million in 2019. The market is estimated to grow at a CAGR of 10.8% from 2020 to 2027. The report provides trends prevailing in the SAM EdTech and smart classroom market along with the drivers and restraints pertaining to the market growth. EdTech solutions getting popular due to cloud based solutions is the major factor driving the growth of the SAM EdTech and smart classroom market. However, issues associated with little awareness and lofty initial investment price hinders the growth of SAM EdTech and smart classroom market.

The SAM 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 SAM 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 SAM EdTech and smart classroom market with largest market share in 2019.

Also 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.

Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; are among the leading companies in the SAM 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, Cisco Introduced Webex Classrooms which offers teachers, students and as well as parents a single place to securely connect, no matter where they are.

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

SAM EdTech and Smart Classroom Market – By Component   

• Hardware
• Software

SAM EdTech and Smart Classroom Market – By Deployment Type

• On-Premises
• Cloud
• Hybrid

SAM EdTech and Smart Classroom Market – By End-User

• Upto K-12
• Higher Education

SAM EdTech and Smart Classroom Market – By Country

• Brazil
• Argentina
• Rest of SAM