A recent report published by Infinium Global Research on the digital classroom market provides an in-depth analysis of segments and sub-segments in the global as well as regional digital classroom market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital classroom market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global digital classroom market. According to the report, the global digital classroom market is projected to grow at a CAGR of 16.5% over the forecast period of 2020-2026.
Educational institutions across the globe have deferred campus learning to reduce the spread of the novel coronavirus. Thus, Covid-19 has forced schools and universities to implement digital learning solutions. A digital classroom is helping people to learn, grow, and connect with learners and educators worldwide during this pandemic time. Various digital learning platforms are developing interesting courses, learning resources, collections, and expert teachers to help the community during this crucial time. Also, there are numerous low-cost, easy-to-use digital communication tools that allow for diverse remote learning solutions these days.
The major factor such as the growing demand for distance education is driving the growth of the Digital Classroom market. E-learning has offered several distance learning opportunities to people, especially to those who find it difficult to pursue education through the regular mode. Furthermore, the ongoing development of dedicated E-learning software applications, commonly known as learning management systems (LMS) or managed learning environments (MLE) will eventually lead to the growth of the Digital Classroom market. The adoption of smart software is expected to enable educational institutions to enhance their students’ knowledge. However, the high implementation cost is expected to hamper the growth of the Digital Classroom market. The growth in research and development (R&D) by the key players bring out productive progress in this Digital Classroom market in the coming years. The COVID-19 pandemic has suddenly and abruptly forced schools and education indeed to engage in such a transformation. Numerous countries around the world are taking measures to curtail this pandemic. They are assured that their students won't suffer because they have been prepared from the beginning by enabling students to learn digitally. The coronavirus forced to take an amazing digital leap in everyday life and practices, including children and their education. In a flash, their education was transformed from traditional classroom practice to a remote, digitalized one.
Among the geographies, North America is expected to be a major contributor to the global Digital Classroom market throughout the forecast period. Acceptance of online teaching methods by several educational institutions along with the presence of a leading vendor in this region is contributing to the growth of the market. Increasing the adoption of advanced technologies such as web resources, cloud computing, and advanced ICT products is helping the regional growth of the market. Asia Pacific is anticipated to grow at the highest CAGR over the forecast period due to the rise in online courses being provided by educational institutions. The Asian countries such as China and India are the most potential markets in APAC owing to the rising adoption of mobile technology and increasing internet penetration. The Middle Eastern and Latin America Digital Classroom market is expected to grow at a steady rate over the forecast period.
The report on the global digital classroom market covers segments such as product and application. On the basis of product, the sub-markets include hardware, content, and software. On the basis of application, the sub-markets include K-12 and higher education.
The report provides profiles of the companies in the market such as Dell, Jenzabar, Blackboard, Promethean World Ltd, Oracle, Discovery Education, Pearson Education, Educomp, Ellucian, Echo360, and D2L.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the digital classroom market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.