The edtech and smart classrooms market refers to the integration of technology into educational environments, with the goal of enhancing learning experiences and improving the efficiency of educational processes. It encompasses a wide range of tools and systems used by students, educators, administrators and institutions across various educational levels. These technologies are used in classrooms, training centers and online learning environments to facilitate teaching, student engagement, assessment and administrative functions.
The edtech and smart classrooms market consists of sales, by entities (organizations, sole traders and partnerships), of edtech and smart classrooms products and services that are used to enhance the teaching and learning process for both teachers and students, by including technology and virtual systems, such as audio, video, animations, images and multimedia. Edtech and smart classrooms allow interactive and collaborative learning for students.
The global edtech and smart classrooms market was valued at $63,525.20 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 20.00%
Increased Demand For Online Learning
During the historic period, the increased demand for online learning supported the growth of the edtech and smart classrooms market, as learners and educators alike seek flexible, accessible educational solutions. The shift toward remote and hybrid learning models, accelerated by global events like the pandemic, prompted institutions to adopt digital tools and platforms that facilitate engaging and interactive learning experiences. This surge in demand has driven innovation in technologies such as learning management systems, virtual classrooms and adaptive learning software, enabling personalized education at scale. As students and educators continue to embrace online learning for its convenience and effectiveness, the edtech sector was positioned for sustained growth, with ongoing investments in tools that enhance teaching and learning in diverse environments. For example, the total number of registered learners in Coursera, a US-based open online course provider, increased from 71 million in 2020 to 92 million in 2021. The total number of enrolments increased from 143 million in 2020 to 189 million in 2021. Therefore, the increased demand for online learning supported the growth of the edtech and smart classrooms market.
Innovations In Virtual Classrooms Enhancing Online Learning Experiences
Companies in the edtech and smart classrooms market are focusing on technology advancement and developing new products to strengthen their position in the market. For example, in May 2023, Melbourne Business School, a graduate business school of the University of Melbourne, Victoria, Australia, launched a new virtual classroom that will bring the physical classroom experience to online learning and executive education programs. Screens within the new learning space can host up to 84 people in life-size proportions, to allow experts and facilitators to engage with learners the same way they would in person. Melbourne Business School's virtual classroom is designed specifically for education uses and prioritizes the needs of educators and learners through capabilities like multiple breakout rooms, attendance and interaction tracking, teacher dashboards as well as exclusive concierge support service.
The global edtech and smart classroom market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 23.24% of the total market in 2023.
EdTech And Smart Classrooms Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global edtech and smart classrooms market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for edtech and smart classrooms? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The edtech and smart classrooms market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider edtech and smart classrooms market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by education system, by component, by end use, by deployment and by hardware.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the edtech and smart classrooms market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by education system, by component, by end use, by deployment and by hardware in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for edtech and smart classrooms providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Education System: Learning Management Systems; Student Information And Administration Systems; Student Collaboration Systems; Student Response Systems; Learning And Gamification; Test Preparation; Document Management Systems; Classroom Management Systems; Talent Management Systems
- 2) By Component: Hardware; Software; Services
- 3) By End Use: K-12; Higher Education; Kindergarten
- 4) By Deployment Type: Cloud; On-Premises
- 5) By Hardware: Interactive Displays; Interactive Projectors
- Companies Mentioned: Microsoft Corporation; Oracle Corporation; Dell Inc.; Apple Inc.; SAP SE
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; edtech and smart classrooms indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.