EdTech and Smart Classroom Market Size to Surpass USD 433.17 billion by 2030, at a CAGR of 18.3%

As per the report by Fortune Business Insights, the global EdTech and Smart Classroom Market Size is projected to reach USD 433.17 billion by 2030, at a CAGR of 18.3% during the forecast period.

Pune, India, July 25, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global EdTech and Smart Classroom Market Size was valued at USD 115.80 billion in 2022 and 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.

With growing digitalization globally, the education sector has potential to grow robustly. The transition of learning methods from classroom to digital platforms is increasing rapidly and is expected to continue its growth in the future. Fortune Business Insights presents this information in their report titled Global EdTech and Smart Classroom Market, 2023–2030.

Key Industry Development-

February 2023 – Huawei launched the next gen smart classroom 2.0 solutions through the Education Forum at Mobile World Congress (MCW) 2023. This new solution is enabled with Wi-Fi 7 connectivity, which plays a vital role for smooth online learning.

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Key Takeaways-

  • EdTech and Smart Classroom Market is expected to flourish & reach USD 433.17 Billion in 2030
  • Due to social distance norms, learners are shifting to digital learning concepts via digital platforms.
  • The rise of the education sector is credited to rising mobile adoption and the low cost of e-learning resources.
  • EdTech and Smart Classroom Market Size in North America was USD 49.55 Billion 2022

Discover the Leading Players Featured 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)”

Report Scope & Segmentation-

Report CoverageDetails
Forecast Period2023 to 2030
Forecast Period 2023 to 2030 CAGR18.3%
2030 Value ProjectionUSD 433.17 Billion
Base Year2022
EdTech and Smart Classroom Market Size in 2022USD 115.80 Billion
Historical Data for2019 to 2021
No. of Pages160
Segments coveredInstructional Aid, Smart Classroom Hardware, Educational Tool, End-user, Regional,

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Drivers & Restraints-

Reliability and Efficiency of Helicopters to Escalate Market Growth

Several private educators and VC-backed education firms made heavy investments for adoption of digital platforms for learning. Roblox for instance, raised USD 150 million in investments in February 2020 that teaches programming. These investments contribute to the increase in the edtech and smart classroom market share. 

However, high cost associated with these equipment will decrease the edtech and smart classroom market growth.

Leading Segments Covered in this Report-

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

Regional Insights-

North America Dominates the Market due to High Demand for Offshore Development Activity

North America dominates the market and was valued at USD 49.55 billion in 2022. Educational institution’s deployment of advanced technological solutions to make the learning experience better will result in the market growth.

Asia Pacific is anticipated to witness growth during the forecast period due to government initiatives and investments for smart education in rural areas.

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Competitive Landscape-

Companies Focus on Introduction of New Payment Platforms to Drive Market Expansion

Partnerships and collaborations of companies with educational institutions are the key focus areas of market players. Companies aim to provide their services globally and create a strong position and grow their business.


How big is the EdTech and Smart Classroom Market?

EdTech and Smart Classroom Market size was USD 115.80 Billion in 2022. It is expected to reach USD 433.17 Billion by 2030.

How fast is the EdTech and Smart Classroom Market growing?

The EdTech and Smart Classroom Market will exhibit a CAGR of 18.3% during the forecast period, 2023-2030
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