North America EdTech and Smart Classroom Market

Market Introduction

Online learning has become an integral part of best learning and teaching practices around North America.  EdTech and smart classroom solutions helps to enhance the quality of teaching and learning. The EdTech includes domains such as online learning, educational teaching and learning theories, and computer-based and smartphone-based learning. It has been widely adopted by various K-12 and higher education institutes to offer students better learning experience. EdTech and smart classroom is an assembly of several hardware and software systems, such as projectors, interactive displays, interactive whiteboards, printers, learning management, and classroom management modules. It is not possible to deploy all hardware components in one computer owing to the limited computation power; hence, a distributed computing platform is necessary for creating smart environment in schools and colleges. Also, digital advancements in education sector is expected to create a significant demand for EdTech and smart classroom in the coming years, which is further anticipated to drive the North America EdTech and smart classroom market.

Furthermore, COVID-19 is having a very devastating impact over the North America region. Presently, North America is the largest market in terms of revenue share of EdTech and smart classroom market. The region is characterized by the presence of developed nations such as US and Canada, where the demand of education technology solutions & services is quite high owing to the huge presence of EdTech companies, smart device manufacturers, cloud service providers, and high adoption of advanced technologies among schools and educational institutions. Education technology industry has been flourishing at an impressive pace in the US due to high adoption among end-users and growing investments and funding in EdTech start-ups. In terms of COVID-19 outbreak, US is the worst affected country presently in terms of confirmed cases and number of deaths, as per latest WHO reports. However, with more and more schools and universities continuing to adopt distance learning through virtual classrooms and online exams & assessment tools, in the wake of ongoing pandemic and closure of schools across major North American countries. Hence, the COVID 19 outbreak has a positive impact on the growth of few markets such as video conferencing, digital content consumption, virtual classrooms, and education technology among many others.

Market Overview and Dynamics

The EdTech and smart classroom market in North America is expected to grow from US$ 27,978.8 million in 2019 to US$ 88,791.8 million by 2027; it is estimated to grow at a CAGR of 15.5% from 2020 to 2027. The North America region in expected to be the fast growing region, in terms of EdTech and smart classroom market revenue over the forecast period of 2020 to 2027. The high focus on education in North American countries, rising young population, huge demand of smart and connected devices among students, and growing number of EdTech startups are some of the factors that are driving the demand for education technology solutions in this region. In addition to the favorable EdTech market growth scenario, the growing popularity of e-learning/digital learning solutions coupled with rising trend of digitalization in education sector of all the major North American countries is boosting the growth opportunities for the market players operating in the North America EdTech and smart classroom market.

Key Market Segments

In terms of component, the hardware segment accounted for the largest share of the North America EdTech and smart classroom market in 2019. Based on deployment type, cloud held the largest market share in 2019. In terms of end-user, upto k-12 segment held a larger market share of the North America EdTech and smart classroom market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the EdTech and smart classroom market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; IBM Corporation; Lenovo Group Limited; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies.

Reasons to buy report

• To understand the North America EdTech and smart classroom market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America EdTech and smart classroom market
• Efficiently plan M&A and partnership deals in North America EdTech and smart classroom market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America EdTech and smart classroom market
• Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America EdTech and Smart Classroom Market Segmentation

By Component                                   

• Hardware
• Software

By Deployment Type

• On-Premises
• Cloud
• Hybrid

By End-User

• Upto K-12
• Higher Education

By Country

• US
• Canada
• Mexico

Company Profiles

• Apple Inc.
• Blackboard Inc.
• Cisco Systems, Inc.
• D2L Corporation
• IBM Corporation
• Lenovo Group Limited
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• SMART Technologies  

North America EdTech and Smart Classroom Market Strategic Insights

North America EdTech and Smart Classroom Market Segmentation Analysis

North America EdTech and Smart Classroom Market Report Highlights

North America EdTech and Smart Classroom Report Scope

North America EdTech and Smart Classroom Market Country and Regional Insights