North America EdTech and Smart Classroom Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component, Deployment Type, and End-User

Hardware Segment to Dominate North America EdTech and Smart Classroom Market during 2019-2027

According to a new market research study on “North America 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$ 88,791.8 million by 2027 from US$ 27,978.8 million in 2019. The market is estimated to grow at a CAGR of 15.5% from 2020 to 2027. The report provides trends prevailing in the North America EdTech and smart classroom market along with the drivers and restraints pertaining to the market growth. Digital advancements in education sector to bolster the market growth is the major factor driving the growth of the North America EdTech and smart classroom market. However, issues associated with low awareness and high investment costs hinders the growth of North America EdTech and smart classroom market.

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

Also the ongoing 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.

Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; IBM Corporation; Lenovo Group Limited; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies are among the leading companies in the North America 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, Blackboard Inc declared the accessibility of the Reporting Tier for the Blackboard Data platform, which offered institutions access to reports designed to offer insights on use of learning tools within the Blackboard SaaS EdTech ecosystem.

The report segments the North America EdTech and Smart Classroom Market as follows:

By Component

• Hardware
• Software

By Deployment Type

• On-Premises
• Cloud
• Hybrid

By End-User

• Upto K-12
• Higher Education

By Country

• US
• Canada
• Mexico

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