Status : Published | Published On : Jul, 2024 | Report Code : VRICT5184 | Industry : ICT & Media | Available Format :
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Industry Overview
The EdTech Smart Classroom Market is projected to grow from USD 146.4 billion in 2023 to USD 279.3 billion in 2030 at a CAGR of 15.7% during the forecast period from 2025 to 2030.
EdTech is a short form used for Educational Technology that is the use of technology to support learning and teaching processes. It covers a wide range of platforms, applications and digital tools that provide access to educational resources, assist educational activities and enable personalized and interactive learning experiences. The concept of smart classrooms is to create dynamic and engaging learning environments that shall leverage technology. Interactive displays, video conferencing tools, audio systems and collaboration software are the tools used for smart classrooms. With these technologies teachers can deliver content in a more interactive that shall foster student engagement. Students can actively participate in lessons, access digital resources that supplement their learning and collaborate with peers.
Market Segmentation
Insight by Deployment Mode
On the basis of deployment, the global EdTech Smart Classroom Market is bifurcated into Cloud-based and On-premise. Cloud-based deployment dominates the market due to its numerous advantages and benefits for educational institutions. Cloud-based solutions provide easy access to educational resources and tools at any time and from any location.
Insight by Component
Based on component, the global EdTech Smart Classroom Market is divided into (Hardware (Interactive Displays, Interactive Projectors, Others), Software (Learning Management Systems (LMS), Student Information Systems (SIS), Classroom Management Systems (CMS), and Others), and Services). The hardware segment dominate the market as it encompasses the physical devices and equipment that are used in smart classrooms, such as laptops, audio systems, interactive displays, projectors, tablets, cameras and networking infrastructure. These hardware components form the foundation of smart classrooms and are essential for creating a technology-enabled learning space.
Insight by End-User
On the basis of end-user, the global EdTech Smart Classroom Market is segregated into K-12, Higher Education and Corporate Training. The higher education sector dominates the market as there is an increase in demand for learning tools and advanced teaching. The growing emphasis on digital learning and online education is one of the major factors contributing to the higher education sector’s dominant market share. EdTech solutions and smart classrooms play a crucial role in facilitating online learning by providing interactive and engaging digital platforms for students and teachers. Furthermore, Universities and colleges are offering online courses and degree programs to cater to the rising demand for flexible education.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 146.4 Billion |
Revenue Forecast in 2030 |
U.S.D. 279.3 Billion |
Growth Rate |
15.7% |
Segments Covered in the Report |
By Deployment Mode, By Component, By End-User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Latin America, Middle East And Africa |
Industry Dynamics
Growth Drivers
The ongoing digital transformation in education is one of the important drivers in the EdTech and smart classrooms market. The increasing recognition of the potential benefits of technology in enhancing teaching and learning experiences has led to a surge in the adoption of EdTech solutions. Digital transformation in education involves the integration of technology into various aspects of the education ecosystem, including curriculum development, instructional delivery, student assessment, and administrative processes. The desire to improve educational outcomes, prepare students for the digital age and increase accessibility has driven the market growth. The demand for remote and online education, need for personalized and adaptive learning and the growing availability of digital resources and tools are the factors responsible for this transformation in the market that is reshaping traditional educational practices and creating new opportunities for both learners and educators.
Restraints
The main constraint of Global EdTech Smart Classroom Market is privacy and data security concern. There is growing concern about the security and privacy of student and teacher data, as educational institutions rely on technology and data-driven solutions. EdTech solutions often gather and store sensitive personal information that includes student records, learning analytics and assessment data. The improper handling of this data can lead to identity theft, privacy breaches.
Continuous innovation and collaboration with educators and stakeholders are required to adapt to changing learning environments requires.
Geographic Overview
• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa
North America shall dominate the EdTech Smart Classroom Market during the forecast period as this region is capturing the largest market share. Moreover, many key players in the EdTech industry based in North America add to the region’s capacity to drive technological advancements in smart classrooms. Robust infrastructure, a culture that is more receptive to adopting technological innovations in educational settings and investment in educational technology are the factors responsible for the growth of this market in this region.
Competitive Insights
To gain a fair share of the market, key players adopted different strategies such as partnership, product launch and product development. The market is expected to become more competitive during the forecast period, as many companies from various sectors planning to use the huge opportunities to enter the market.
Udemy, Inc. is an education technology company, that is founded in May 2010. It is based in San Francisco, California, United States, with hubs in Denver, Colorado, Melbourne, Australia, Dublin, Ireland Austin, Texas, Istanbul, Turkey, and Gurgaon, India. Udemy is an online learning and teaching marketplace with over 220000 courses and 70 million students. Learn programming, marketing, data science and more.
Coursera Inc. is an American global massive open online course provider. It was founded in 2012 by Stanford University. Coursera works with universities and other organizations to offer certifications, online courses and degrees in a variety of subjects.
Key Players Covered in the Report
Some of the key players in the EdTech Smart Classroom Market are Apple Inc. Microsoft, Google, Blackboard Inc., Udemy, Coursera, Moodle, Adobe, Instructure, Promethean World, Pearson, SMART Technologies, Kahoot!,Top Hat, Other Key Players
Recent developments by Key Players
Microsoft’s workhorse operating system stays in step with education’s needs, addressing equity, accessibility and security gaps. With a renewed focus on accessibility since the pandemic, K–12 institutions are looking for ways to give all students a path to a fair and equal level of education. Windows 11 tackles accessibility with its Learning Accelerators. These tools are numerous, including Immersive Reader, which helps students improve reading comprehension. Search Coach, which helps students learn how to form effective search queries. Live Caption, a FERPA-compliant tool that delivers real-time captions and subtitles displaying the spoken word as text on the device.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
EdTech Smart Classroom Market