Smart devices in modern classrooms will significantly influence global smart education market

Date: 4 June 2020

Accordingto a research report published by Azoth Analytics in May 2020, the Global SmartEducation Market was valued at USD 372.05 Billion in the year 2019. Increasing number of schools and higher educationinstitutions that have adopted smart devices in modern classrooms willsignificantly influence global smart education market growth in near future. Theother factors driving the growth of the smart education market include theproliferation of connected devices in the education sector, adoption ofeLearning solutions, and growing use of Artificial Intelligence (AI) andMachine Learning (ML) in smart learning.

Americasregion holds the major smart education market share of around 59% in 2019 owingto the presence of well-established ICT solution providers and a large customerbase and APAC region is anticipated to grow with thefastest rate during forecast period. China is a key market for smart educationin APAC region.

Inthe midst of the ongoing Covid-19 crisis, ed-tech and online learning companiesare seeing a significant increase in the number of students who are using theirplatform and app. With many schools and colleges closed due to the Covid-19outbreak, companies such as Byju's, Unacademy and Vedantu are offering freeaccess to live classes, content and their platforms to students and educationalinstitutions across the country, to continue learning from home.

Amongthe end user category in the Smart Education market, Academics segment holdsthe majority share. The market share occupied by the Academic segment isattributed to rising demand for eLearning in the academic sector and associatedincreased demand for Virtual Instructor-led Training (VILT), and educationcontent, that have increased the use of this form of learning in educational institutions.

Basedon components, the software segment of the smart education market is projectedto grow at the highest CAGR during the forecast period. The advent oftechnology in the classroom has enabled multi-modal training and varyingcurricula. The emergence of e-readers and tablets, the availability ofadaptable digital platforms, and uninterrupted access to the internet haveresulted in the transition of both students and instructors from print books todigital books.

TheAzoth Analytics research report titled GlobalSmart Education Market  has analysed andsegmented the Smart Education Market by Value (USD Billion). The report hasalso further analysed the Smart Education Market by component (Hardware, Software & Service), byend user (Academics: K-12, Higher Education, Corporate: SMEs, Large Enterprise,Government. TheGlobal Smart Education Material Market has been analysed By Region (Americas,Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico,Brazil, Germany, France, United Kingdom China, Japan, India) for the historicalperiod of 2015-2019 and the forecast period of 2020-2025.