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EdTech and Smart Classroom Market to be worth USD 433.17 Billion by 2030; Increasing use of Mobile Devices and High Demand for Smart Education to Augment Growth

May 26, 2023 | Information & Technology

The global edtech and smart classroom market size was valued at USD 115.80 billion in 2022. The market is 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. Fortune Business Insights™ presents this information in its report titled “EdTech and Smart Classroom Market  Size, Share & COVID-19 Impact Analysis, By Instructional Aid (Smart Classroom and Mobile Learning), By Smart Classroom Hardware (Interactive Projectors, Interactive Whiteboards, and Others) By Educational Tool (Admission Automation Tools, Administration Tools, Learning Management Tools, Alumni Management Tools, Placement Management Tools, Library Management Tools, and Others), By End-user (Higher Education, K-12, and Kindergarten), and Regional Forecast, 2023-2030”.


Rise in digital platforms and increase in online learning are expected to increase the edtech and smart classroom market share. In 2018 the transformation's significant potential was valued at USD 6 trillion and is anticipated to grow to USD 10 trillion by 2030. Investments by governments are likely to increase the market during the forecast period.


Telecom Companies Funded Students During Pandemic to Increase Digital Learning Use


During the pandemic, students adopted digital platforms and transitioned smoothly from traditional classrooms to e-classrooms. For students with low-income, Telkomsel provided 30GB of free data and 50,000 smartphones in 2020 to Ruangguru app users.


Companies Focus on Developing Digital Learning Platforms to Strengthen Position


Huawei Technologies Co., Ltd. in March 2021 developed edtech and smart classroom solution, which is a cloud based platform. It provides educational efficiency by offering features, such as remote teaching, live streaming, online learning, and content sharing, allowing students and educators to interact seamlessly.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/edtech-and-smart-classroom-market-104662    


Reduced Data Charges will Drive Market Growth


Due to increasing use of digital platforms, use of smartphones has increased rapidly, resulting in low data charges. As mobile devices have become a necessity for learning, the market is expected to grow significantly in the coming years. 


On the contrary, smart classroom setup that requires computers, tablets, and other software is expensive, which may stifle the edtech and smart classroom market growth.


Competitive Landscape


Companies are Concentrated on Acquisitions and Mergers to Drive Market Growth


Major companies are collaborating with schools, universities, and other educational institutes to expand global reach and sustain position in the regions. They are focused toward providing advanced edtech and smart classroom to enhance the learner’s learning experience.


Notable Industry Development: 



  • May 2022 – Samsung inaugurated its new program, Samsung Smart School at the Jawahar Navodaya Vidyalaya (JNV) School in Patna, India. This program would help students and teachers to augment their learning skills through this digital learning opportunity.


List of Key Players Profiled in the Report:



  • 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)


Further Report Findings:



  • North America dominates the edtech and smart clasroom market share. It is anticipated that the region will reach 328 million mobile users by 2025, according to GSMA Intelligence.

  • Asia Pacific backed by government initiatives for digital learning and growing demand from countries such as Australia, India, and Japan for smart education is projected to witness rapid growth during the forecast period.

  • Europe, South America, and the Middle East & Africa are expected to grow with a significant CAGR, owing to the adoption of digital learning solutions in schools, universities, and other educational sectors.


Report Scope & Segmentation






























































  ATTRIBUTE



  DETAILS



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 to 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 Hardware




  • Interactive 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 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



Global EdTech & Smart Classroom Market
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  • 2022
  • 2019-2021
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