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.
Request a Free Sample PDF - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/edtech-and-smart-classroom-market-104662
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 Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 18.3% |
| 2030 Value Projection | USD 433.17 Billion |
| Base Year | 2022 |
| EdTech and Smart Classroom Market Size in 2022 | USD 115.80 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 160 |
| Segments covered | Instructional Aid, Smart Classroom Hardware, Educational Tool, End-user, Regional, |
Browse Complete Report Details- https://www.fortunebusinessinsights.com/edtech-and-smart-classroom-market-104662
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.
Quick Buy - EdTech and Smart Classroom Market- https://www.fortunebusinessinsights.com/compare-plan/104662
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.
FAQs
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
Related Reports-
Artificial Intelligence Market Size, Key Technology And Industry Trends Till 2029
Machine Learning (ML) Market Size, Industry Share and Total Revenue Growth Rate Till 2029
Big Data Technology Market Size, Share And Major Industry Players Forecast (2022-2029)
Security Analytics Market Size, Share And Development By 2029
About Us-
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
