The global market for breathable films is consolidated by the presence of several competitive players that are developing advanced and innovative products to cater to the increasing demand from several industrial applications.
The Global EdTech and Smart Classroom Market Size, Share and COVID-19 Impact Analysis, By Instructional Aid (Smart Classroom and Mobile Learning), By Smart Classroom Hardware (Interactive Projectors, Interactive Whiteboards, and Others) By Educational Tool (Admission Automation Tools, Administration Tools, Learning Management Tools, Alumni Management Tools, Placement Management Tools, Library Management Tools, and Others), By End-user (Higher Education, K-12, and Kindergarten), and Regional Forecast, 2022-2029
Process Management Market Overview:
USD 15546.4 Million in 2029
USD 627.0 Million in 2021
CAGR: (2021-2028) 49.5%
Base Year: 2021
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KEY INDUSTRY DEVELOPMENTS
May 2021 SAP SE launched SAP Learning Hub, a free educational offering for students and instructors. This new free service for the next generation of talent will give the knowledge and opportunity required to achieve digital skills in high demand.
March 2021 Huawei Technologies Co., Ltd. launched a smart classroom solution based on HUAWEI IdeaHub Board and the education cloud platform. This solution is used for online learning, live streaming, or remote teaching. Furthermore, the group discussion scenario allows professors and students to share content and communicate with one another, which boosts student enthusiasm and encourages them to take charge, increasing the educational experience and efficiency.
Product Launches by Eminent Companies to Expand Their Product Portfolio
The global market for breathable films is consolidated by the presence of several competitive players that are developing advanced and innovative products to cater to the increasing demand from several industrial applications. Additionally, other key players are striving to maintain their presence by adopting organic and inorganic strategies that are likely to favor the market growth during the forecast period.
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Growing Investments in Education Sector to Spur Market Opportunities
Reduced Costs of Internet Data and Online Learning Material to Accelerate the Market Growth
The market size has shifted rapidly in recent years, owing to the widespread adoption of mobile technology and increased education spending. For instance, investments in VC-backed education firms increased in 2020, when USD 14.6 billion was committed globally. This is an increase from USD 7 billion in 2019. Articulate raised USD 1.5 billion for corporate training technology, while BYJU raised USD 460 million for K-12 individualized learning programs, extending the momentum into 2021. Similarly, education technology startups focused on skill development have received a bunch of costs. For instance, Roblox, an online gaming platform that teaches programming, raised USD 150 million in investment in February 2020. Such major investments and budgets are likely to drive the market growth during the projected period.
Scope of the Report:
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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