Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Europe EdTech and Smart Classroom Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component, Deployment Type, and End-User" report has been added to ResearchAndMarkets.com's offering.
Up to K-12 Segment to Dominate Europe EdTech and Smart Classroom Market during 2019-2027
Europe EdTech and Smart Classroom Market is expected to reach US$ 61,250.6 million by 2027 from US$ 20,571.2 million in 2019. The market is estimated to grow at a CAGR of 14.6% from 2020 to 2027.
The report provides trends prevailing in the Europe EdTech and smart classroom market along with the drivers and restraints pertaining to the market growth. Acceptance of EdTech solutions is increasing due to cloud based solutions and this is the major factor driving the growth of the Europe EdTech and smart classroom market. However, issues associated with improper awareness and setup investment costs hinders the growth of Europe EdTech and smart classroom market.
The Europe 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 Europe 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 Europe EdTech and smart classroom market with largest market share in 2019.
The presence of developed countries such as Germany, the UK, France, Italy, Norway, and Sweden, with huge education spending and high investments in EdTech startups, makes Europe one of the key markets for EdTech and smart classroom product providers. Also, the noticeable adoption of advanced technologies in various industries makes this region an ideal market for EdTech and smart classrooms.
At present, Russia, the UK, Spain, Italy, Germany, Turkey, and France are a few of the major European countries affected by the COVID-19 outbreak. Governments of these countries have imposed lockdowns/movement restrictions and closed down the educational institutions to contain the outbreak.
Despite the negative impact of COVID 19 outbreak on economies of these countries, the demand for EdTech and smart classroom solutions has seen an upward trend owing to increasing demand for e-learning, virtual classrooms, and other digital technology solutions for uninterrupted delivery of education to students across Europe. The sudden adjustments in education systems and processes in the wake of ongoing pandemic is pushing stakeholders to invest in modern technologies and adapt to the evolving technology landscape in the education sector.
Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies are among the leading companies in the Europe 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, SAP SE introduced new digital learning initiative providing innovative, interactive educational content to support students, professionals and anyone wishing to continue to learn during this challenging time.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Europe EdTech and Smart Classroom Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe EdTech and Smart Classroom -Market Dynamics
5.1 Market Drivers
5.1.1 Growing Digitalization in Education Sector to Boost the Europe Market
5.1.2 Acceptance of EdTech Solutions Increasing due to Cloud Based Solutions
5.2 Market Restraints
5.2.1 Improper Awareness and Setup Investment Costs
5.3 Market Opportunities
5.3.1 Huge Growth Prospective in the Europe
5.4 Future Trends
5.4.1 Coming Together of Latest Technologies for Enhanced Learning
5.5 Impact Analysis of Drivers and Restraints
6. EdTech and Smart Classroom Market - Europe Analysis
6.1 Europe EdTech and Smart Classroom Market Overview
6.2 Europe EdTech and Smart Classroom Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Europe EdTech and Smart Classroom Market Analysis- By Component
7.2 Europe EdTech and Smart Classroom Market Breakdown, by Component, 2019 & 2027
7.4.2 Software Market Revenue and Forecast to 2027 (US$ Million)
7.4.3 Learning Management System
7.4.4 Student Information System
7.4.5 Classroom Management System
7.4.6 Classroom Assessment System
8. Europe EdTech and Smart Classroom Market Analysis - By Deployment Type
8.2 Europe EdTech and Smart Classroom Market Breakdown, by Deployment Type, 2019 & 2027
9. Europe EdTech and Smart Classroom Market Analysis - By End-User
9.2 Europe EdTech and Smart Classroom Market Breakdown, by End-User, 2019 & 2027
9.3 Up to K-12
9.4 Higher Education
10. Europe EdTech and Smart Classroom Market - Country Analysis
10.1.1 Europe: EdTech and Smart Classroom Market, By Country
11. Europe EdTech and Smart Classroom Market- COVID-19 Impact Analysis
12. Industry Landscape
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Key Facts
13.2 Business Description
13.3 Products and Services
13.4 Financial Overview
13.5 SWOT Analysis
13.6 Key Developments
Cisco Systems, Inc.
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