Software Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to The Insight Partners market research study on “MEA 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$ 7,626.1 million by 2027 from US$ 3,565.0 million in 2019. The market is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The report provides trends prevailing in the MEA edtech and smart classroom market along with the drivers and restraints pertaining to the market growth. MEA witnessing surge in market growth is the major factor driving the growth of the MEA edtech and smart classroom market. However, issues associated with expensive primary investments and awareness paucity hinders the growth of MEA edtech and smart classroom market.
The MEA 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 MEA 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 MEA edtech and smart classroom market with largest market share in 2019.
Also the MEA includes countries such as Saudi Arabia, the UAE, Iran, and South Africa, among many others. As per UNICEF publication “MENA Generation 2030,” the region is anticipated to witness its most productive years from 2018 to 2040 owing to the growing potential of its demography. Presently, children and young people (of age <24) represent nearly half of the region’s population. This presents a huge opportunity for the edtech and smart classroom solutions companies catering to schools, colleges, and universities in this region. The COVID-19 outbreak has had a severe impact on Iran, Saudi Arabia, Qatar, South Africa, and the UAE. The pandemic has hindered the economic and industrial growth of these countries in the past few months. However, the shutdown of educational institutions has been driving the adoption of digital technology solutions in the education sector to facilitate uninterrupted teaching and learning processes.
Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies are among the leading companies in the MEA 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, A tech-education company once owned by Apple Inc. introduced new data analysis tools for millions of educators using its distance learning platform.
The report segments the MEA EdTech and Smart Classroom Market follows:
MEA EdTech and Smart Classroom Market – By Component
- Hardware
- Software
MEA EdTech and Smart Classroom Market – By Deployment Type
- On-Premises
- Cloud
- Hybrid
MEA EdTech and Smart Classroom Market – By End-User
- Upto K-12
- Higher Education
MEA EdTech and Smart Classroom Market – By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com