USD 102.29 billion
EdTech And Smart Classrooms Market
Report ID:
SQMIG45E2212 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|Tables:
118
|Figures:
77
EdTech And Smart Classrooms Market size was valued at USD 119.27 Billion in 2023 and is poised to grow from USD 139.07 Billion in 2024 to USD 554.01 Billion by 2032, growing at a CAGR of 16.6% during the forecast period (2025-2032).
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.
Global Market Size
USD 102.29 billion
Largest Segment
Mobile Learning
Fastest Growth
Mobile Learning
Growth Rate
16.6% CAGR
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
EdTech And Smart Classrooms Market Drivers
Availability of high internet bandwidth and online learning resources to support the market growth
EdTech And Smart Classrooms Market Restraints
High infrastructure costs and a lack of technical expertise to limit the market expansion
Request Free Customization of this report to help us to meet your business objectives.
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
EdTech And Smart Classrooms Market Recent Developments
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 119.27 Billion |
Market size value in 2032 | USD 554.01 Billion |
Growth Rate | 16.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45E2212
sales@skyquestt.com
USA +1 351-333-4748