EdTech and Smart Classroom Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

EdTech and Smart Classroom Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of EdTech and Smart Classroom Market

The global EdTech and smart classroom market size was valued at USD 115.80 billion in 2022, and the market is now projected to grow from USD 133.55 billion in 2023 to USD 433.17 billion by 2030, exhibiting a CAGR of 18.3% during the forecast period (2023-2030).

During the COVID 19, mobile learning, gained significant attraction owing to the lockdown and other unbending governmental restrictions. Public and private investors invested billions into the education industry. As a result, online learning platforms gained populace. Tools such as e-textbooks, schedule management platforms, communication software also gained millions of users globally. All of this positively impacted the global EdTech and smart classroom market growth.

Currently, the education industry has a lot of room for innovation and growth. it is one of the fastest evolving sectors and thus attracts hefty investments worldwide. Owing to the covid 19 pandemic, the sector experienced significant changes. Growing investments in the education industry is one of the major factors driving the global EdTech and smart classroom market share.

After the covid 19 crisis, mobile learning and distance learning became very common owing to the governmental lockdowns and closure of traditional learning institutions. This attracted many investors. Introduction of distance learning is helping students gain all the necessary skills at their convenience.

Comprehensive Analysis of EdTech and Smart Classroom Market

The EdTech and smart classroom marketplace is growing significantly owing to its market segmentation. These market segmentations are strategically bifurcated into instructional aid analysis, smart classroom hardware analysis, educational tool analysis, end user analysis and region. Based on instructional aid, mobile learning takes lead. As per smart classroom hardware analysis, whiteboard segment is growing. On the basis of educational tool analysis, learning management tools have the highest share. Whereas, higher education segment dominated the market in case of end user analysis.

Based upon geographical analysis, the North American region dominates the global EdTech and smart classroom marketplace. The region’s industry is rapidly growing owing to numerous educational institutions and universities installing upgraded technological services. this is done with a view to provide their users a meaningful training and courses.

All big multinational firms are now entering into strategic partnerships along with educational institutes with an aim to provide edtech solutions. These industry dominators are continuously working to expand their global presence. These companies include, 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).

In May 2022, a store management platform provider, Dukkantek entered into a partnership with a UAE based education providing platform Qureos. As per reports, by the way of this partnership Dukkantek will create numerous employment opportunities in GCC.

Segmentation Table

EdTech and Smart Classroom Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 18.3% from 2023-2030

Unit Value (USD Billion)

Segmentation By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Region

By Instructional Aid Smart Classroom

Mobile Learning

By Smart Classroom HardwareInteractive 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 End-user Higher Education

K-12

Kindergarten

By Region North America (By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Country)

- U.S.(By End-user)

- Canada (By End-user)

- Mexico (By End-user)

South America (By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Country)

- Brazil (By End-user)

- Argentina (By End-user)

- Rest of South America

Europe (By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Country)

- U.K. (By End-user)

- Germany (By End-user)

- Italy (By End-user)

- France (By End-user)

- Russia (By End-user)

- Spain (By End-user)

- Benelux (By End-user)

- Nordics (By End-user)

- Rest of Europe

Middle East & Africa (By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Country)

- Turkey (By End-user)

- GCC (By End-user)

- Israel (By End-user)

- North Africa (By End-user)

- South Africa (By End-user)

- Rest of the Middle East & Africa

Asia Pacific (By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Country)

- China (By End-user)

- Japan (By End-user)

- India (By End-user)

- South Korea (By End-user)

- ASEAN (By End-user)

- Oceania (By End-user)

- Rest of Asia Pacific


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