How big is the EdTech and smart classroom market?

August 25, 2022October 14, 2022

The global edtech and smart classroom market size was valued at USD 88.82 billion in 2021. The market is projected to grow from USD 101.64 billion in 2022 to USD 319.65 billion by 2029, exhibiting a CAGR of 17.8% during the forecast period.

List of the Key Companies Profiled:

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)

Drivers and Restraints

Buoyant Investments in Education Sector to Foster Growth Potentials

Stakeholders expect the edtech and smart classroom market share to gain considerable traction owing to the reduced cost of online learning material and rising investments in the education sector. Exponential growth in mobile penetration, along with a reduced cost of internet data, is poised to boot the investment portfolio. Investments in digital learning platforms will encourage leading companies to bolster their footprint across untapped areas. Prominently, steady demand for distance learning platforms will bode well for the business forecast. That said, soaring infrastructure costs and a potential shortage of technical skills could act as a bottleneck over the next few years.

North America to Hold the Largest Share of Edtech and Smart Classroom Market

North America held the largest share of the global EdTech and smart classroom market in 2019. The US and Canada are among the most advanced countries in the region with respect to the adoption of technology across the sectors, such as education and training. Moreover, the presence of well-known EdTech and smart classroom market players, and widespread awareness regarding these smart technologies are anticipated to propel the market growth during the forecast period. The adoption of smart technologies allows educational institutions to gain better understanding of candidates seeking education from them, which enables them to offer customized content along with bringing down the rate of student attrition. Similarly, the faculty can design curriculum for education and learning systems by leveraging these software solutions.

Major Table of Contents:

Global EdTech and Smart Classroom Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Instructional Aids (USD)
  - Smart Classroom
  - Mobile Learning
- By Smart Classroom Hardware (USD)
  - Interactive Projectors
  - Interactive Whiteboards
  - Others
- By Educational Tools (USD)
  - Admission Automation Tools
  - Administration Tools
  - Learning Management Tools
  - Alumni Management Tools
  - Placement Management Tools
  - Library Management Tools
  - Others
- By End-User (USD)
  - Higher Education
  - K-12
  - Kindergarten
- By Region (USD)
  - North America
  - South America
  - Europe
  - Middle East & Africa
  - Asia Pacific