USD 102.29 billion
EdTech And Smart Classrooms Market Size, Share, Growth Analysis, By Instructional Aid(Smart Classroom, Mobile Learning), By Smart Classroom Hardware(Interactive Projectors, Interactive Whiteboards/Displays), By Educational Tool(Admission Automation Tools, Administration Tools, Learning Management Tools, Alumni Management Tools), By End-user(Higher Education, K-12, Kindergarten), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2212 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|Tables:
118
|Figures:
77
EdTech And Smart Classrooms Market Insights
EdTech And Smart Classrooms Market size was valued at USD 102.29 billion in 2019 and is poised to grow from USD 119.27 billion in 2023 to USD 475.14 billion by 2031, growing at a CAGR of 16.6% in the forecast period (2024-2031).
EdTech is described as the application of scientific learning and knowledge to enhance the efficacy and efficiency of training and instruction. Technology-enabled classrooms known as "smart classrooms" are created for the effective and adaptable integration of various teaching tools and teaching philosophies in the teaching-learning process. A smart classroom is one that has technology systems and teaching tools that may be used to support and improve the educational courses.
Today, there are numerous opportunities for advancement in the education industry. It is a sector that is rapidly changing as institutions and students continue to invest in holistic learning environments as they recognise their significance. Digital infrastructure accounts for about 3% of all worldwide education spending, according to education information vendor HolonIQ. Additionally, it indicates that by 2031, the considerable potential of digital transformation is anticipated to reach USD 10 trillion. In the upcoming years, this is projected to boost the use of smart classroom solutions and educational technology.
Due to the rapid change in market size brought about by the widespread use of mobile technology and rising education spending in recent years. In 2021, Articulate raised USD 1.5 billion for corporate training technology and BYJU raised USD 460 million for K–12 individualized learning programs. Similar to this, startups in education technology that are concerned with skill development have received a lot of funding. During the anticipated period, the market growth is likely to be driven due to substantial investments and budgets.
US EdTech And Smart Classrooms Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Mobile Learning
Fastest Growth
Mobile Learning
Growth Rate
16.6% CAGR
Global EdTech And Smart Classrooms Market ($ Bn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
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EdTech And Smart Classrooms Market Segmental Analysis
The global edtech and smart classrooms market is segmented based on instructional aid, smart classroom hardware, educational tool, end-user and region. Based on instructional aid, the edtech and smart classrooms market is categorized into smart classroom and mobile learning.
Based on smart classroom hardware, the edtech and smart classrooms market is categorized into interactive projectors, and interactive whiteboards/display.
Based on educational tool, the edtech and smart classrooms market is categorized into admission automation tools, administration tools, learning management tools, alumni management tools, placement management tools, and library management tools. based on end-user, the edtech and smart classrooms market is categorized into higher education, K-12, and kindergarten.
Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
EdTech And Smart Classrooms Market Analysis by Smart Classroom Hardware
On the basis of smart classroom hardware, the interactive projectors segment is currently dominating the global edtech and smart classrooms market, having the largest market share. The most popular options for classes & group office meetings are interactive projectors. Smart boards, also known as interactive whiteboards, are anticipated to expand at a substantial CAGR throughout the forecast period. The increased demand for interactive learning and e-learning among colleges and schools is primarily responsible for the segment's growth.
EdTech And Smart Classrooms Market Analysis by Educational Tools
On the basis of educational tools, the learning management tools segment is expected to dominate the global edtech and smart classrooms market over the forecast period. This is because of the incorporation of AI-enabled features into learning management systems. The global increase in student enrollment is also projected to have a significant impact on the admission automation software market.
Software for corporate resource planning (CRP) and customer relationship management (CRM) are both a part of the administration software solution. Elite educational institutions employ administration software solutions to efficiently manage their daily operations. It is anticipated that the entire educational tool market, including software for managing libraries, alumni, and placements with integrated capabilities, would expand.
Global EdTech And Smart Classrooms Market By Instructional Aid
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EdTech And Smart Classrooms Market Regional Insights
Based on the region, the North American region currently dominates the global edtech and smart classrooms market. The North American market share provides the greatest income and is expanding quickly as colleges and other educational institutions use technologically advanced solutions and services to give their students useful instruction. According to GSMA Intelligence, North America's mobile subscriber base will reach US$ 328 million by 2025. Additionally, greater product acceptability would grow the region's virtual reality market.
Asia Pacific is projected to show rapid growth in the edtech and smart classroom market over the forecast period. It is estimated that government-led initiatives will boost demand for smart education in India, Japan, and Australia.
Apart from this, the European market is estimated to expand exponentially during the forecast period. The widespread adoption of e-learning solutions by colleges and other educational institutions is primarily responsible for the regional market's expansion.
The Middle East and Africa are also projected to rise significantly in the upcoming years. It is anticipated that Latin America would experience a slight rise during the projection period as Brazil's private education market has grown significantly in recent years.
Global EdTech And Smart Classrooms Market By Region
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EdTech And Smart Classrooms Market Dynamics
EdTech And Smart Classrooms Market Drivers
Availability of high internet bandwidth and online learning resources to support the market growth
- The rise of education sector is credited to rising mobile adoption and the low cost of e-learning resources. Europe, the US, and other emerging nations are at the forefront of mobile and internet penetration.
- In the meanwhile, emerging markets are predicted to grow significantly, with mobile being a crucial tool for knowledge acquisition. Therefore, it is projected that the market will experience rapid expansion in the near future.
EdTech And Smart Classrooms Market Restraints
High infrastructure costs and a lack of technical expertise to limit the market expansion
- Costly components of the smart classroom infrastructure include computers, projectors, tablets, and many specialized software programmes.
- Furthermore, educational institutions might need to spend extra money on a tech specialist in order to keep up with software updates and adjustments. Such higher costs are expected to make it more difficult to implement smart classroom solutions.
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EdTech And Smart Classrooms Market Competitive Landscape
The key players engaged in the market are putting a lot of effort into growing their clientele and acquiring an advantage over their competition. As a result, they undertake a range of strategic activities, including joint ventures, mergers and acquisitions, partnerships, and the creation of new goods and technologies.
EdTech And Smart Classrooms Market Top Players Company Profiles
- Apple Inc.
- Microsoft Corporation
- IBM Corporation
- Dell Inc.
- HP Inc.
- Blackboard Inc.
- Cisco Systems, Inc.
- Oracle Corporation
- Google LLC
- Promethean World Ltd.
- Discovery Education, Inc.
- SMART Technologies Inc.
- Panasonic Corporation
- Jenzabar, Inc.
- SAP SE
- Dell EMC Education Services
- Houghton Mifflin Harcourt Publishing Company
- Edmentum Inc.
- PowerSchool Group LLC
- Knewton Inc.
EdTech And Smart Classrooms Market Recent Developments
- In May 2022, For $100 million, Byju's, an educational technology company with headquarters in India, acquired GeoGebra. Byju's overall product strategy is complemented by this acquisition, which incorporates GeoGebra's abilities to enable the development of new product offerings and learning formats for its existing mathematics portfolio. A company called GeoGebra, based in Austria, offers tools for group math learning.
- In May 2021, SAP SE introduced the SAP Learning Hub as a free educational resource for educators and students. This brand-new, free service will provide the information and opportunities necessary for the development of digital skills that are in high demand.
- In March 2021, Huawei Technologies Co., Ltd. introduced a smart classroom solution built on the HUAWEI IdeaHub Board and the education cloud platform. This method is employed for remote teaching, live streaming, or online education. Additionally, the scenario of a group discussion enables instructors and students to exchange ideas and communicate with one another, which increases student engagement and empowers them to take the lead, improving the quality and effectiveness of the learning environment.
EdTech And Smart Classrooms Key Market Trends
- Learning Immersion Using VR and AR: Virtual and augmented reality can make learning more immersive and participatory in the classroom. Immersive learning is the ideal remedy for the modern student's desire for novel experiences. Students' senses are stimulated by immersive learning. In contrast to virtual reality, augmented reality offers a better and enhanced view of the image. Students can observe environments through immersive learning, which offers an enjoyable learning experience. With the help of technology, some ideas seem more understandable to students. Experiments and visits to actual historical sites can bring teachings to life and have a significant impact on how well students perform in class.
- Blockchain Technology in Educational Technology: Blockchain is a method of organizing data. Blocks are the smallest units used to collect data on a blockchain. The blockchain is a data string that is created as these blocks fill up and connect to previously filled blocks. The education industry might benefit greatly from blockchain technology, particularly for data storage. It is no longer necessary to validate diplomas and other academic documents because of the way this movement has changed record-keeping for student credentials and certifications. Blockchain guarantees open ledgers, which lowers workplace fraud. Blockchain ensures academic credentials are truthful and transparent. Once a school enters information into its online ledgers, changing it is difficult and requires getting the consent of other network users. This technology can address problems like fraud while protecting the data. By storing all data on a blockchain platform, which is nearly hard to edit without admin access, blockchain technology can help address problems like plagiarism. Blockchain is creating the groundwork for a more open and improved future in this way.
EdTech And Smart Classrooms Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global edtech and smart classrooms market report analysis, the global market is currently led by countries in the North America, owing to the use of technologically advanced solutions and services by colleges and other educational institutions in this region. Along with this, the interactive projector segment is projected to lead the market due to its most popular options for classes & group office meetings, over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 102.29 billion |
| Market size value in 2031 | USD 475.14 billion |
| Growth Rate | 16.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on EdTech And Smart Classrooms Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on EdTech And Smart Classrooms Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the EdTech And Smart Classrooms Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the EdTech And Smart Classrooms Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the EdTech And Smart Classrooms Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the EdTech And Smart Classrooms Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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