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Complimentary updates for one yearGlobal Education Technology (Ed Tech) and Smart Classrooms Market to Reach $241.8 Billion by 2027 - In the changed post COVID-19 business landscape, the global market for Education Technology (Ed Tech) and Smart Classrooms estimated at US$84 Billion in the year 2020, is projected to reach a revised size of US$241.8 Billion by 2027, growing at a CAGR of 16.3% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$92.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Content segment is readjusted to a revised 18.7% CAGR for the next 7-year period. - The U.S. Market is Estimated at $24.7 Billion, While China is Forecast to Grow at 18.1% CAGR - The Education Technology (Ed Tech) and Smart Classrooms market in the U.S. is estimated at US$24.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$51.3 Billion by the year 2027 trailing a CAGR of 18.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.5% and 15.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.Software Segment to Record 14.9% CAGR - In the global Software segment, USA, Canada, Japan, China and Europe will drive the 14.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.1 Billion in the year 2020 will reach a projected size of US$36.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 326 Featured) 2U, Inc. Amazon Web Services, Inc. Anthology Inc. Apple Inc. Blackboard Inc. Cisco Systems, Inc. Cornerstone On-demand Inc. D2L Corporation Dell Inc. Discovery Education Ellucian Company L.P. Fujitsu Limited Google LLC IBM Corporation Instructure, Inc. Jenzabar, Inc. Lenovo (Beijing) Limited Microsoft Corporation Oracle Promethean World SAP SE Smart Technologies Workday
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