Global Ed Tech and Smart Classroom Market – Industry Trends and Forecast to 2030

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Ed Tech and Smart Classroom Market Analysis and Size

The major factors driving the growth of the global Ed-tech and smart classroom markets are the increasing penetration of mobile devices and the ease with which internet users can access them, as well as the growing demand for EdTech solutions, the impact of the COVID-19 pandemic, and the expansion of online teaching-learning models to keep the education system running.

The global Ed tech and smart classroom market was valued at USD 118.53 billion in 2022 and is expected to reach USD 409.6 billion by 2030, registering a CAGR of 16.5% during the forecast period of 2023-2030. “Displays” dominates in hardware in the respective market as displays are crucial in modern education for enhancing student engagement and learning outcomes through interactive tools and personalized learning experiences. They also enable educators to track student progress more effectively, facilitating data-driven decision-making for better educational outcomes. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Ed Tech and Smart Classroom Market Scope and Segmentation

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Market Definition

Education technology (EdTech) refers to both hardware and software used to digitally educate students in order to promote classroom learning and improve students' educational outcomes. By utilising technology for learning and teaching, education technology platforms (edtech) assist students in overcoming obstacles on their path to a thorough education. EBooks, which can be accessed from anywhere in the world, are becoming increasingly popular as learning resources.  

Global Ed Tech and Smart Classroom Market Dynamics

Drivers

• Digitization In The Education Sector

Education is one of the key industries where digitalization is rapidly evolving, with the increasing adoption of smart devices such as interactive displays, tablets, notebook computers, and smartphones in classrooms as well as student and school staff routines. Furthermore, the growing production of digital content for the education sector, such as online/e-learning courses, online exams, virtual classrooms, edutainment, and digital textbooks, is propelling the global edtech and smart classroom market growth.

• Growing Investments and Funding to Modernise Traditional Teaching Methods

The enormous need to modernise old teaching methods with modern technologies, the market has seen significant investments in the Ed Tech and smart classroom sectors among various countries. International funding for the Ed Tech industry is expected to skyrocket in the coming years. Online talent platforms are expected to contribute significantly to global GDP and increase employment rates in the coming years.

Continuous technological advancement in the educational sector has prompted these investments all over the world. Education technology and smart classrooms are gradually replacing traditional classroom teaching methods. Educational institutions are focusing on implementing new advanced teaching methods such as projectors, whiteboards, smart notebooks, and so on.

Opportunity

• Growing Government Initiatives to Equip Classrooms

Growing government initiatives to equip classrooms with appropriate high technology, as well as rising public awareness about the benefits of high tech education, will provide various opportunities for the growth of the global ed tech and smart classroom market during the forecast period 2023-2030.

Restraint

• Changing Teaching Culture

However, changing the teaching culture and funding constraints are the major factors acting as restraints, and will further challenge the global Ed tech and smart classroom market during the forecast period 2023-2030.

This global Ed tech and smart classroom market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global Ed tech and smart classroom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In April 2020, Cisco and IBM announced a collaboration to support distance learning. The partnership's main goal is to enable schools across Europe to use Cisco's currently free Webex service to improve distance learning
• In May 2022, Class Technologies acquired the Anthology's Blackboard Collaborate. This acquisition provided the next generation virtual and hybrid learning environment - better, faster, and stronger
• In July 2020, IBM and CBSE collaborated The to integrate the AI curriculum into 200 schools across India

Global Ed Tech and Smart Classroom Market Scope

The global Ed Tech and smart classroom market is segmented on the basis of hardware, systems and technologies. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Hardware

• IWB
• Projectors
• Displays
• Printers

Systems

• Library Management Council (LMC)
• Learning Content Management System (LCMS)
• Learner-Centered Design (LCDS)
• Student Records System (SRS)
• Document Management Systems (DMS)

Technologies

• Gaming
• Analytics
• ERP
• Dashboards

Global Ed Tech and Smart Classroom Market Regional Analysis/Insights

The global Ed Tech and smart classroom market is analyzed and market size insights and trends are provided by country, hardware, systems, and technologies as referenced above.

The countries covered in the global Ed Tech and smart classroom market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.  

Asia-Pacific region accounts for a sizable portion of the global EdTech and smart classroom market and is expected to register highest CAGR in the market. In this region, EdTech solutions have been widely adopted to investigate the potential of innovative learning methodologies. Rapid economic growth and changing technologies in the EdTech field have made the region the world's fastest-growing education market. One of the major factors driving the Asian EdTech and smart classroom market is the demand for custom eLearning content in educational institutions.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.     

Competitive Landscape and Global Ed Tech and Smart Classroom Market Share Analysis

The Ed Tech and smart classroom market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Ed Tech and smart classroom market.

Some of the major players operating in the global Ed Tech and smart classroom market are:

• Robert Bosch GmbH (Germany)
• Hanwha Techwin Co., Ltd. (South Korea)
• Honeywell International Inc. (U.S.)
• IBM (U.S.)
• Axis Communications AB (Sweden)
• Johnson Controls (Ireland)
• Hangzhou Hikvision Digital Technology Co., Ltd. (China)
• NetApp (U.S.)
• Dahua Technology USA Inc. (China)
• KEDACOM (China)
• Verint Systems Inc. (U.S.)
• Mindtree Ltd. (India)
• AxxonSoft. (U.S.)
• Sony Coporation (Japan)
• Avigilon Corporation (Canada)
• Panasonic Corporation (Japan)
• Panopto (U.S.)
• Backstreet Surveillance (U.S.)
• SAMSUNG (U.S.)
• Arcules, Inc. (U.S.)

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