Pune, India, Nov. 22, 2023 (GLOBE NEWSWIRE) — The global EdTech and Smart Classroom Market size was valued at USD 115.80 billion in 2022 and is projected to reach USD 433.17 billion by 2030, exhibiting a CAGR of 18.3% during the forecast period. Fortune Business Insights presents this information in their report titled “Global EdTech and Smart Classroom Market Forecast, 2023-2030.”
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With growing digitalization globally, the education sector has potential to grow robustly. The transition of learning methods from classroom to digital platforms is increasing rapidly and is expected to continue its growth in the future.
Notable Industry Development:
February 2023 – Huawei launched the next gen smart classroom 2.0 solutions through the Education Forum at Mobile World Congress (MCW) 2023. This new solution is enabled with Wi-Fi 7 connectivity, which plays a vital role for smooth online learning.
Key Takeaways
- EdTech and Smart Classroom Market size in North America was USD 49.55 billion in 2022
- Smartphones Witnessed Tremendous Growth During Pandemic
- Mobile Phones to Gain Traction due to Online Learning Programs
- Increasing Demand for Interactive Whiteboards to Grow Market
Discover the Leading Players Featured in the Report:
“Companies leading the global EdTech and Smart Classroom Market are SAP SE (Germany), Apple Inc. (U.S.), IBM Corporation (U.S.), Alphabet Inc. (U.S.), Cisco Systems Inc. (U.S.), Amazon.com Inc. (U.S.), Microsoft Corporation (U.S.), SMART Technologies ULC (Canada), Dell Inc. (U.S.), Fujitsu Limited (Japan)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 18.3% |
| 2030 Value Projection | USD 433.17 billion |
| Base Year | 2022 |
| EdTech and Smart Classroom Market Size in 2022 | USD 115.80 billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 160 |
| Segments covered | By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Region |
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Drivers and Restraints:
Reliability and Efficiency of Helicopters to Escalate Market Growth
Several private educators and VC-backed education firms made heavy investments for adoption of digital platforms for learning. Roblox for instance, raised USD 150 million in investments in February 2020 that teaches programming. These investments contribute to the increase in the edtech and smart classroom market share.
However, high cost associated with these equipment will decrease the edtech and smart classroom market growth.
Segmentation
By Smart Classroom Hardware
- Interactive Projectors
- Interactive Whiteboards
- Others
By Educational Tool
- Admission Automation Tools
- Administration Tools
- Learning Management Tools
- Alumni Management Tools
- Placement Management Tools
- Library Management Tools
- Others
By Industry
- Higher Education
- K-12
- Kindergarten
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Regional Insights:
North America Dominates the Market due to High Demand for Offshore Development Activity
North America dominates the market and was valued at USD 49.55 billion in 2022. Educational institution’s deployment of advanced technological solutions to make the learning experience better will result in market growth.
Asia Pacific is anticipated to witness growth during the forecast period due to government initiatives and investments for smart education in rural areas.
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Competitive Landscape:
Companies Focus on Introduction of New Payment Platforms to Drive Market Expansion
Partnerships and collaborations of companies with educational institutions are the key focus areas of market players. Companies aim to provide their services globally and create a strong position and grow their business.
FAQs
How big is the EdTech and Smart Classroom Market?
The EdTech and Smart Classroom Market size was USD 115.80 billion in 2022. It is expected to reach USD 433.17 billion by 2030.
How fast is the EdTech and Smart Classroom Market growing?
The EdTech and Smart Classroom Market will exhibit a CAGR of 18.3% during the forecast period, 2023-2030.
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- EdTech and Smart Classroom Market