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

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.