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EdTech and Smart Classroom Market to Exhibit 17.8% CAGR from 2022 to 2029; Impero, Nebraska Educational Service Unit Coordinating Council (ESUCC) Collaborate to Boost Remote Monitoring

April 28, 2022 | Information & Technology

 


The global edtech and smart classroom market size is estimated to rise from USD 101.64 billion in 2022 to USD 319.65 billion by 2029. With the trend for digitization gaining traction, this type of classroom will continue to be sought-after across developing and developed economies. For instance, HolonIQ claims that around 3% of total global education expenditure is earmarked for digital infrastructure. Moreover, the trend for distance learning will encourage leading companies to invest in the portfolio.


According to the latest research report by Fortune Business Insights™ 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, 2022-2029,” the market stood at USD 88.82 billion in 2021. It is expected to observe a 17.8% CAGR during the forecast period.


Pandemic-led Trend for Mobile Learning Triggers Investment


While the aftermath of the COVID-19 pandemic became pronounced in most industries, the education sector exhibited resilience. The rising footprint of online learning applications expedited innovations and technological advancements. The prices of education technology gadgets were reduced. Prominently, robust government policies and portfolio expansion across untapped areas augured well for the edtech and smart classroom business outlook. To illustrate, in 2020, a Singapore-based telecommunication company Starhub introduced free broadband subscriptions to low-income students, while the Ministry of Education distributed 3,300 pieces of equipment to low-income students.


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


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


Huawei Rolled Out Smart Classroom Solution to Boost Education Efficacy


Major companies are expected to join hands with governments, higher education universities, and local schools to boost these classroom solutions. Besides, leading players could expand their global footprint through the introduction of smart solutions. For instance, in March 2021, Huawei Technologies Co., Ltd. announced the launch of a smart classroom solution based on an education cloud platform and the HUAWEI IdeaHub Board. This smart solution would be used for remote teaching, online learning or live streaming. Meanwhile, in July 2020, IBM announced a collaboration with the Central Board of Secondary Education in India to offer AI in the new curriculum. Prevailing trends could underpin edtech and smart classroom market share in the ensuing period.


Bullish Investments in Education Sector to Drive Industry Growth


Industry participants expect an infusion of funds into smart classrooms and mobile technology. To illustrate, in February 2020, Roblox reportedly raised USD 150 million to expand its footprint. Besides, the reduction of the costs of online learning materials and internet data boded well for the industry size expansion. Stakeholders are likely to explore opportunities in digital platforms following the trend of distance learning. With a surge in demand for online educational platforms, the market growth will observe a noticeable gain. A shortage of technical skills and high infrastructure costs could mar the growth prospect.


Industry Players Emphasize Mergers & Acquisitions to Bolster Portfolio


Stakeholders are likely to prioritize product launches, technological advancements, R&D activities, and mergers & acquisitions. Moreover, leading companies are likely to invest in innovations to foster their geographical footprint in this market.


Key Industry Development



  • October 2020 - Impero Inc. announced a partnership with Nebraska Educational Service Unit Coordinating Council (ESUCC) to provide Impero Education Pro for remote monitoring and management software for education.


List of the Companies 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



  • In terms of education tool, learning management will account for a considerable share of the global market on the back of increasing integration with AI-enabled capabilities.

  • The North America market size garnered USD 38.31 billion in 2021 and will rise with bullish investments in technologically advanced solutions.

  • Asia Pacific market forecast will be strong owing to robust government policies across Japan, India, and Australia.


Table of Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



Segmentation



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



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

    • U.S. (By End-user)

    • Canada (By End-user)

    • Mexico (By End-user)



  • Europe (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





  • Asia Pacific (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




  • Middle East & Africa (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



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

    • Brazil (By End-user)

    • Argentina (By End-user)

    • Rest of South America




Global EdTech & Smart Classroom Market
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  • 2021
  • 2018-2020
  • 160

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