What is the global market size of EdTech And Smart Classrooms Market?

EdTech And Smart Classrooms Market size was valued at USD 102.29 billion in 2021 and is poised to grow from USD 119.27 billion in 2022 to USD 475.14 billion by 2030, growing at a CAGR of 16.6% in the forecast period (2023-2030).

Who are the key vendors in the Global EdTech And Smart Classrooms Market?

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. '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 Size

EdTech And Smart Classrooms Market Insights

Global EdTech and Smart Classrooms Market size was valued at USD 133.55 billion in 2023 and is poised to grow from USD 155.45 billion in 2024 to USD 523.87 billion by 2032, growing at a CAGR of 16.4% 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.

FAQs

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. 'Google for Education (USA) ', 'Microsoft Education (USA) ', 'Apple Inc. (USA) ', 'IBM Corporation (USA) ', 'Dell Technologies (USA) ', 'HP Inc. (USA) ', 'Lenovo Group Limited (China) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Adobe Inc. (USA) ', 'Blackboard Inc. (USA) ', 'Pearson PLC (UK) ', 'Instructure, Inc. (USA) ', 'D2L Corporation (Canada) ', 'Fujitsu Limited (Japan) ', 'Panasonic Corporation (Japan) ', 'Cisco Systems, Inc. (USA) ', 'Oracle Corporation (USA) ', 'Amazon Web Services (USA)'

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.

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.

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.