The global flip (flipped) classroom market is estimated to be worth US$ 2 billion in 2023 and is anticipated to grow at an outstanding CAGR of 16.2% from 2023 to 2033 (forecast period) to reach US$ 9 billion.
The significance of technology in education is expanding, providing numerous chances for teachers to enhance the conventional lecture method. It is getting less and less effective to teach pupils and assign assignments based on lectures they will only ever hear once. A small percentage of students may have benefited from this one-dimensional approach, while most students gain from its opposite, sometimes known as “flipping the classroom.”
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Key Takeaways from Market Study:
- The global flipped classroom market amounted to US$ 2 billion in 2023.
- Worldwide demand for flipped classrooms is projected to advance rapidly at a CAGR of 16.2% over the next ten years.
- The market is anticipated to reach a size of US$ 9 billion by 2033.
- The software segment held 55% share of the global market in 2022.
- North America accounted for 43% share of the global market in 2022.
“The flipped classroom concept benefits both students and teachers. While it assists teachers in better planning and delivering content, it also helps students get a deeper understanding of the subject, resulting in increased interest and performance,” says a Fact.MR analyst.
Competitive Landscape:
The global market is very competitive with the presence of several vendors. Firms in this market offer a diverse variety of products, such as software for conducting flipped classroom classes, an interface suited for flipped classroom services for publication, and so on.
Key players in the global flipped classroom market are using various development strategies such as technological partnerships and collaborations, product innovation, mergers and acquisitions, and regional expansion to establish a foothold in the market. Moreover, several start-ups are entering the global market.
- Playposit, a US-based start-up, offers an interactive web-based video platform that enables educators to give formative evaluations both within and outside the classroom. The platform allows educators to monitor students’ progress, access a video archive, and share content with colleagues. It can work in tandem with users’ existing learning management system (LMS) and video hosting provider.
- EdPuzzle, a start-up based in the United States, offers assessment-centered software that enables students and teachers to create interactive online videos by integrating multiple-choice or open-ended questions, audio tracks, audio notes, or comments on a video. Edpuzzle interactive videos can be created using videos from websites such as TED, YouTube, and National Geographic.
- Panopto, a major provider of flipped classroom software, announced the acquisition of Ensemble Video, a producer of video management software for K to 12, higher education, and corporations in April 2021. This investment will allow thousands of new customers to use Panopto’s services, significantly extending the company’s customer base.
Regional Analysis:
North America is the leading market for flipped classrooms. The United States is dominating the regional market due to the presence of major players in the country. Moreover, the market in Asia Pacific and Europe is estimated to grow substantially from 2023 to 2033.
One of the primary reasons driving market expansion is the growing trend of digitization. This, together with the increasing popularity of personalized learning among students and the emergence of online education communities, is greatly boosting the demand for flipped classrooms.
Furthermore, rising disposable income levels, increased research and development to improve educational facilities, and technological improvements are further driving market growth.
Key Segments of Flipped Classroom Industry Research:
· By Product :
- Software
- Services
- Hardware
· By End Use :
- Higher Education
- K to 12
· By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Flipped Classroom include:
- What is the key strategy deployed by large players to maximize Flipped Classroom Market growth?
- What are the main challenges faced by players in the Flipped Classroom market Demand?
- With the advent of technological advancement, how will the Flipped Classroom market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Flipped Classroom market size?
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