EdTech and Smart Classrooms Market

Global EdTech and Smart Classrooms Market Size (2024 to 2029)

The global EdTech and smart classroom market is predicted to reach USD 127.06 billion in 2024 and USD 275.26 billion by 2029, growing at a CAGR of 16.72% during the forecast period.

An intelligent classroom has several multimedia components created to improve the teaching and learning procedures. Technology has played a vital role in the educational technology market and brought students into contact with existing and future learning opportunities. Smart classrooms have been enhanced with advanced learning technology aids, revolutionizing the whole teaching and learning process. Technology has provided students with world-class education in many poor districts and states, making it easier for them to participate in advanced placement courses.

Current Scenario of the Global EdTech and Smart Classrooms Market

The easy adoption and successful education delivered by EdTech and smart classrooms are the main factors promoting its demand. In addition, the market is also benefiting from the growing technological awareness and expanding internet penetration across the world. Also, with countries adopting digital education and e-learning solutions to promote literacy among the masses, the demand for EdTech and intelligent classrooms will increase in the near future. While the overall opportunities in the global education technology market are favorable, the high initial investments required to build an intelligent classroom and the lack of awareness in emerging and underdeveloped countries are significant challenges for this market. Moreover, implementing several programs by local governments to enhance education in developing nations will supplement global education technology and the smart classroom market.

EdTech and Smart Classrooms are expanding by introducing novel technological advances and practical innovations. It is rapidly changing the traditional way of learning and teaching. Today, with the increase in the use of tablets, laptops, e-readers, and smartphones, students are exposed to different educational technologies at an early age. Innovative Classrooms/Ed Tech products and services greatly benefit students, instructors, and parents. Smart classrooms simplify the teaching and learning process to increase student achievement. It is presented as one of the most favorable solutions for education.

MARKET DRIVERS

The growing application of smart devices, increasing demand in end-user industries, and greater momentum in developing new methods are some of the critical factors driving the growth of the intelligent class market.

However, the lack of awareness among end users is the major factor limiting the growth of the smart class market. Growing preference for digital learning and adoption of mobile learning apps are among the factors expected to drive the growth of the smart classroom market.

Increased government investments in education are a principal driver for developing global education technology (Ed Tech) and the smart classroom market. The effectiveness of education in eliminating inequalities and poverty has been recognized by countries worldwide, which is why they are keen to invest in technologies that promise the proliferation of education in remote areas. In addition, new technologies, such as smart classrooms that promote interactive education and knowledge sharing, eliminating geographic boundaries, are expected to experience high demand in the coming years.

REPORT COVERAGE

REGIONAL ANALYSIS

Developed economies are at the forefront of technological innovations, and substantial market opportunities are foreseen in North America and Europe. While the market is expected to grow exponentially in the aforementioned regions, the opportunities in developing countries will remain significant throughout the forecast period. In countries like India, Brazil, China, and others, governments leave no stone unturned to usher in an era of progress. Their efforts are manifested in favorable policies and increasing investments in promoting education among the masses. For example, India maintains favorable policies to promote education even in remote areas, which gives the market plenty of opportunities to be capitalized on during the forecast period.

KEY PARTICIPANTS IN THE GLOBAL EdTECH AND SMART CLASSROOMS MARKET

The major companies operating in the global EdTech and Smart Classroom market include many hardware products and systems depending on the needs of their end-users. This market is diverse and competitive, with a large number of well-established players, such as Microsoft, Blackboard Inc., Cisco Systems, Dell Inc., Fujitsu Limited, HP, and IBM Corporation, as well as mid-level companies, such as Smart Technologies, Jenzabar, Dynavox Mayer-Johnson, and Dreambox Learning.

RECENT HAPPENINGS IN THE GLOBAL EdTECH AND SMART CLASSROOMS MARKET

• In 2018, EdTech companies nationwide raised more than USD 1.5 billion in funds. As the sector matures, companies with significant income growth are expected to attract more funding and differentiate themselves from new market players.

• Governments worldwide that require STEM in the K-12 curriculum are forcing market players to position themselves to offer comprehensive solutions.

DETAILED SEGMENTATION OF THE GLOBAL EdTECH AND SMART CLASSROOMS MARKET INCLUDED IN THIS REPORT

This research report on the global EdTech and smart classrooms market has been segmented and sub-segmented based on the hardware, systems, technologies, educational content, and region.

By Hardware

• IWB
• Projectors
• Displays
• Printers

By Systems

• LMC
• LCMS
• LCDS
• SRS
• DMS

By Technologies

• Gaming
• Analytics
• ERP
• Dashboards

By Educational Content

• Audio And Video Tutorials
• Electronic Manuals

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus