Digital Classroom Market Outlook 2020-2025 | Industry Opportunity & Growth Analysis
According to the latest report by IMARC Group, the global digital classroom market size was US$ 75.9 Billion in 2018. Digital classrooms refer to technology-enabled classrooms that are rapidly replacing traditional methods of teaching around the world. They comprise hardware and software components such as projectors, personal computers, lecture capture solutions, student information systems (SIS), interactive whiteboards (IWBs), student administrative software (SAS), enterprise resource planning systems (ERP) and learning content management systems (LCMS). They facilitate the learning process by employing an interactive manner of imparting knowledge, which further assists the students in retaining the acquired knowledge for a longer period.
Global Digital Classroom Market Trends:
Digital classrooms offer teachers the ability to analyze the skills that are acquired by students in real time and to provide instant feedback on their performance. As a result, students can have a more transparent outlook on their performance and other contributions regularly. Moreover, students nowadays prefer online means for collecting information on a topic, owing to strong internet penetration. Apart from this, governments in numerous countries are undertaking initiatives to improve the quality of education, teaching methods and infrastructure of educational institutions. These initiatives are projected to drive the demand for digital classroom solutions. Additionally, as cloud computing facilities help to minimize the expenditure on information technology (IT) systems, the introduction of learning analytics and cloud computing in digital classrooms is anticipated to bolster the market growth in the upcoming years. Looking forward, the market is projected to exceed US$ 135.2 Billion by 2024, expanding at a CAGR of around 10% during 2019-2024.Explore full report with table of contents: https://www.imarcgroup.com/digital-classroom-market
Insights on Market Segmentation:
Breakup by Product
1. Digital Classroom Hardware
2. Digital Classroom Content
3. Digital Classroom Software
Based on the product, the market has been divided into hardware, content and software. Amongst these, hardware represents the most popular product on account of the increasing adoption of e-learning devices worldwide.
Breakup by Application
2. Higher Education
On the basis of the application, the market has been bifurcated into K-12 and higher education. Currently, the K-12 segment accounts for the majority of the total market share.
Breakup by Region
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
Region-wise, the market has been segmented into Europe, Asia Pacific, Latin America, North America, and Middle East and Africa. Amongst these, North America is the leading market, holding the majority of the global share. This can be attributed to the increasing demand for interactive learning and investments in information technology in the region.
The competitive landscape of the market has been examined with some of the key players being Dell, Jenzabar, Blackboard, Discovery Education, Pearson Education, Promethean World Ltd., Oracle, Educomp, Ellucian, Echo360, D2L, Unit4, Saba, Smart Technologies, DreamBox Learning and McGraw-Hill Education.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.