Global edtech and smart classroom market size to hit US dollar

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Vancouver, October 31, 2023 (GLOBE NEWSWIRE) — The Ed-Tech and Smart Classroom Market the size is expected to reach $487.05 billion with a CAGR of 15.4% during the forecast period, according to the latest analysis by Emergen Research. The advantages and benefits associated with ED-Tech and smart classrooms, such as flexibility of timing, video graphical presentation of topics and ease of use by young learners, are some key factors currently boosting the growth in market revenue. The creation of a number of Ed-Tech startups such as Teachable, Practically, and SV Academy has significantly boosted the market’s revenue growth. Major market players are adopting new product launch strategies and entering into partnerships to expand their market footprint. In April 2020, IBM and Cisco partnered to support online learning in Spain, the United Kingdom and Romania. The growing demand for smart classrooms in schools and institutes is another factor contributing to the market growth. Smart classrooms ensure quality education and ease of teaching, making them an increasingly preferred alternative to traditional forms of education. The increasing prevalence of educational applications is another factor supporting the market growth.

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Scope of research

Report details Result
Market size in 2020 $86.72 billion
CAGR (2023-2032) 15.4%
Revenue forecast in 2032 487.05 billion USD
Base year for estimation 2020
Historical data 2017-2019
Forecast period 2023-2032
Quantitative units Revenue in billion USD and CAGR of 15.4% from 2023 to 2032
Report cover Revenue Forecast, Business Rankings, Competitive Landscape, Growth Factors and Trends
Segments covered Material, education system, end use and region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa
Scope by country United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of Latin America, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA
Key companies profiled Apple, Cisco, Blackboard, IBM, Dell, Google, Microsoft, Oracle, SAP, Instructure
Scope of customization 10 hours of free customization and expert consultation

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BIG COMPANIES and competitive landscape

The global education technology and smart classroom market is highly fragmented. Some prominent players operating in the education technology and smart classroom market are:

  • Apple
  • Cisco
  • Blackboard
  • IBM
  • Dell
  • Google
  • Microsoft
  • Oracle
  • SAP,
  • Educate

Strategic development
In November 2020, the foundation and corresponding software solutions of xRM.com LLC were acquired by Anthology, with the aim of competing in the field of CRM for higher education.

In May 2020, Open P-TECH was launched by IBM, which provides access to online learning in the areas of cybersecurity, artificial intelligence and cloud computing.

In April 2020, Blackboard launched Blackboard Unite, a remote e-learning solution with an efficient management system, mobile app, implementation and service kit.

In October 2019, the Directorate General of Training, Government of India signed a memorandum of understanding with Cisco to make its digital technology available to National Vocational Training Institutes (NSTIs).

In February 2018, Discovery Education and New Mexico Loving Municipal School District partnered to develop a creative environment for students through Discovery Education’s digital services.

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Some highlights of the report

  • The learning management systems segment accounted for the largest revenue share in the education technology and smart classroom market in 2020, and is expected to continue to dominate other segments during the forecast period. This growth can be attributed to the benefits associated with learning management. For example, the learning management system is used to create content and follow classroom instructions that can be accessed remotely using any web browser.
  • Asia Pacific is expected to register the fastest revenue CAGR during the forecast period, driven by rapid penetration of mobile devices, adoption of online education instead of the COVID-19 pandemic. 19 and the increase in government funding in the education sector in the markets of countries in the region. region.

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For this report, Emergen Research has segmented the global education technology and smart classroom market based on hardware, education system, end-use, and region.

  • Hardware outlook (revenue, billion USD; 2019-2032)
    • Interactive projectors
    • Interactive screens
  • Education system outlook (revenue, billion USD; 2019-2032)
    • Management system learning
    • Student Information System
    • Classroom Assessment System
    • Classroom Collaboration System
    • Classroom Management System
    • Document management system
    • Student Response System
    • Talent management system
  • End-use outlook (revenue, billion USD; 2019-2032)
    • Kindergarten
    • K-12
    • Higher Education
  • Regional outlook (revenue, billion USD; 2019-2032)
    • North America
      1. WE
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UNITED KINGDOM
      3. France
      4. Italy
      5. Spain
      6. BENELUX
      7. The rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East and Africa
      1. Saudi Arabia
      2. United Arab Emirates
      3. South Africa
      4. Türkiye
      5. Rest of MEA

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About emerging research
Emergen Research is a market research and consulting company that provides syndicated research reports, custom research reports and consulting services. Our solutions focus solely on your goal: to locate, target and analyze changes in consumer behavior across demographics and industries, and help customers make smarter business decisions. We provide market intelligence studies ensuring relevant, fact-based research across multiple industries including healthcare, touchpoints, chemicals, types and energy.
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Emerging Research | The Web: https://www.emergenresearch.com/
Direct line: +1 (604) 757-9756
E-mail: sales@emergeresearch.com
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