Artificial Intelligence
Global EdTech and smart classroom market size to witness 16.1% CAGR through 2027
Selbyville, Delaware, Nov. 05, 2020 (GLOBE NEWSWIRE) — According to reliable estimates, global EdTech and smart classroom market reached a valuation of USD 73.9 billion in the year 2019 and is predicted to expand with a CAGR of 16.1% during 2020-2027. The growth is primarily attributed to advancements in technology, especially in the education sector. Inclination towards replacing conventional classroom teaching methods with EdTech and smart classroom solutions is facilitating the market expansion.
For those unfamiliar, EdTech and smart classroom systems make usage of advanced teaching procedures such as smart notebooks, projectors, and whiteboards. The solution encourages students to adopt new technologies and is basically a combination of learning modes, applications, and educational products.
Additional factors such as incorporation of AI (Artificial Intelligence) and ML (Machine Learning) in smart learning, growing demand for e-learning solutions, and escalating investments by public entities in educational sector are augmenting global EdTech and smart classroom industry remuneration.
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According to Union Budget 2020-2021, the Government of India has allocated over INR 59,845 crore (USD 8.56 billion) to the Department of School Education and Literacy. Thus, federal investments as well as supportive initiatives are favoring the overall market outlook.
Apart from this, focus among major companies towards innovative product launches and other strategic collaborations are fueling global EdTech and smart classroom market size. In May 2020, for instance, IBM Corp. introduced a free digital education platform called Open P-TECH. The new solution is available in Spanish, Portuguese, and English languages and provides training in advanced technologies such as cybersecurity, cloud computing, design thinking, and AI.
However, recurring cyberattacks on educational institutes and rising concerns regarding data security and privacy may inhibit the expansion of worldwide EdTech and smart classroom industry in the forthcoming years.
Summarizing the market segmentations
As per hardware type, the market is segmented into interactive projectors, and interactive displays. In terms of deployment model, global EdTech and smart classroom market is bifurcated into on-premises, and cloud. While the education system spectrum is inclusive of talent management system, student response system, document management system, classroom management system, classroom collaboration system, classroom assessment system, student information system, and learning management system.
By enabling technology, the industry is classified into advanced technology, security, ERP, analytics, and gamification. The end-user scope of EdTech & smart classroom market consists of K-12, kindergarten, and higher education.
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Highlighting the geographical landscape
Worldwide EdTech and smart classroom market outlook is split into Europe, North America, Asia-Pacific, Latin America, and rest of the world.
Estimates claim that North America currently accounts for significant market share and is likely to showcase similar growth trends in the subsequent years. The region is home to several technologically and economically advanced nations, which is adding traction to EdTech and smart classroom industry in North America. Meanwhile, Asia-Pacific market is predicted to register the highest CAGR between 2020 and 2027.
Global EdTech and Smart Classroom Market by Hardware Type (Revenue, USD Billion, 2017-2027)
- Interactive Projectors
- Interactive Displays
Global EdTech and Smart Classroom Market by Deployment Type (Revenue, USD Billion, 2017-2027)
- On-premises
- Cloud
Global EdTech and Smart Classroom Market by Education System (Revenue, USD Billion, 2017-2027)
- Talent Management System
- Student Response System
- Document Management System
- Classroom Management System
- Classroom Collaboration System
- Classroom Assessment System
- Student Information System
- Learning Management System
Global EdTech and Smart Classroom Market by Enabling Technology (Revenue, USD Billion, 2017-2027)
- Advanced Technology
- Security
- ERP
- Analytics
- Gamification
Global EdTech and Smart Classroom Market by End-user Spectrum (Revenue, USD Billion, 2017-2027)
- Higher Education
- K-12
- Kindergarten
Global EdTech and Smart Classroom Market Regional Scope (Revenue, USD Billion, 2017-2027)
North America
- Canada
- U.S.
Europe
- Italy
- Spain
- France
- Germany
- U.K.
- Rest of Europe
Asia-Pacific
- South Korea
- Australia
- Japan
- India
- China
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
Rest of the World
Global EdTech and Smart Classroom Market Competitive Outlook (Revenue, USD Billion, 2017-2027)
- Instructure Inc.
- SAP SE
- Oracle Corp.
- Microsoft Corp.
- Google LLC
- Dell EMC
- IBM Corp.
- Blackboard Inc.
- Cisco Systems Inc.
- Apple Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. EdTech and Smart Classroom Market, by Region, 2018-2027 (USD Billion)
1.2.2. EdTech and Smart Classroom Market, by Hardware, 2018-2027 (USD Billion)
1.2.3. EdTech and Smart Classroom Market, by Deployment Type, 2018-2027 (USD Billion)
1.2.4. EdTech and Smart Classroom Market, by Education System, 2018-2027 (USD Billion)
1.2.5. EdTech and Smart Classroom Market, by Enabling Technology, 2018-2027 (USD Billion)
1.2.6. EdTech and Smart Classroom Market, by End User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global EdTech and Smart Classroom Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global EdTech and Smart Classroom Market Dynamics
3.1. EdTech and Smart Classroom Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global EdTech and Smart Classroom Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global EdTech and Smart Classroom Market, by Hardware
5.1. Market Snapshot
5.2. Global EdTech and Smart Classroom Market by Hardware, Performance – Potential Analysis
5.3. Global EdTech and Smart Classroom Market Estimates & Forecasts by Hardware 2017-2027 (USD Billion)
5.4. EdTech and Smart Classroom Market, Sub Segment Analysis
5.4.1. Interactive Displays
5.4.2. Interactive Projectors
Chapter 6. Global EdTech and Smart Classroom Market, by Deployment Type
6.1. Market Snapshot
6.2. Global EdTech and Smart Classroom Market by Deployment Type, Performance – Potential Analysis
6.3. Global EdTech and Smart Classroom Market Estimates & Forecasts by Deployment Type 2017-2027 (USD Billion)
6.4. EdTech and Smart Classroom Market, Sub Segment Analysis
6.4.1. On-Premises
6.4.2. Cloud
Chapter 7. Global EdTech and Smart Classroom Market, by Education System
7.1. Market Snapshot
7.2. Global EdTech and Smart Classroom Market by Education System, Performance – Potential Analysis
7.3. Global EdTech and Smart Classroom Market Estimates & Forecasts by Education System 2017-2027 (USD Billion)
7.4. EdTech and Smart Classroom Market, Sub Segment Analysis
7.4.1. Learning Management System
7.4.2. Student Information System
7.4.3. Classroom Assessment System
7.4.4. Classroom Collaboration System
7.4.5. Classroom Management System
7.4.6. Document Management System
7.4.7. Student Response System
7.4.8. Talent Management System
Chapter 8. Global EdTech and Smart Classroom Market, by Enabling Technology
8.1. Market Snapshot
8.2. Global EdTech and Smart Classroom Market by Enabling Technology, Performance – Potential Analysis
8.3. Global EdTech and Smart Classroom Market Estimates & Forecasts by Enabling Technology 2017-2027 (USD Billion)
8.4. EdTech and Smart Classroom Market, Sub Segment Analysis
8.4.1. Gamification
8.4.2. Analytics
8.4.3. ERP
8.4.4. Security
8.4.5. Advanced Technology
Chapter 9. Global EdTech and Smart Classroom Market, by End User
9.1. Market Snapshot
9.2. Global EdTech and Smart Classroom Market by End User, Performance – Potential Analysis
9.3. Global EdTech and Smart Classroom Market Estimates & Forecasts by End User 2017-2027 (USD Billion)
9.4. EdTech and Smart Classroom Market, Sub Segment Analysis
9.4.1. Kindergarten
9.4.2. K-12
9.4.3. Higher Education
Chapter 10. Global EdTech and Smart Classroom Market, Regional Analysis
Related Report:
E-Learning Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
E-Learning Market size is anticipated to grow at over 8% CAGR between 2020 and 2026, as per new research report. The advent of several new technologies, such as cloud computing and AI coupled with increasing internet penetration across the globe will drive the market growth. Rapid cloud adoption provides flexibility in content storage, sharing, and access to both learners and content providers. From a regional frame of reference, the E-learning market in North America is likely to witness significant growth since players are focusing on offering their services and solutions to the countries where favorable government policies and high growth in the education sector can be seen.
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Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence
Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.
Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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