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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.
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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.
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:
List of Key Players Profiled in the Report:
Further Report Findings:
Report Scope & Segmentation
CAGR of 18.3% from 2023 to 2030
Value (USD billion)
By Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, and Region
By Instructional Aid
By Smart Classroom Hardware
By Educational Tool