Global Ed-Tech and Smart Classroom Market By Hardware (Interactive displays, Interactive projectors), By Education System (Learning Management, Student Information, Classroom Assessment, Classroom Collaboration, Classroom Management, Document Management), Enabling Technology (Gamification, Analytics, ERP, Security, AdvancEd-Technology), Deployment Mode (Cloud, On-Premises), End User (Kindergarten, K-12, Higher Education), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Ed-Tech and Smart Classroom Market Overview:

The Ed-Tech and Smart Classroom Market are projected to reach a valuation of USD 538.40 billion by 2032 at a CAGR of 17.8%, from USD 88.82 billion in 2021.

Smart Classrooms and Education Technology (Ed-Tech) have revolutionized traditional educational, teaching, and learning techniques. The integration and application of software, hardware, and educational theories to enable learning in an engaging manner and improve performance through the creation, use, and management of appropriate technical resources are referred to as education technology.

Educational teaching and learning theories, online learning, computer-based, and smartphone-based learning are all covered under the Ed-Tech umbrella. This technique refers to the practice of incorporating technical or Information Technology (IT) resources into the classroom in order to provide students with a more exciting, engaging, personalized, individualized, and inclusive learning environment.

Teachers have also found Ed-Tech to be quite useful. It is a tool for teachers to widen their knowledge horizons concerning global education systems and breakthroughs occurring globally in order to improve the practical knowledge of students. Teachers may now grade tests more efficiently and keep track of their students’ homework and progress.

Smart classrooms are a form of educational technology. The number of smart classrooms has increased as a result of technological advancements, successfully replacing traditional learning and teaching techniques. Projectors, whiteboards, smart notebooks, tablets for classwork, and other innovative technologies have been introduced in these classrooms.

The understanding and learning capabilities of students improve as a result of the use of technology in a classroom. Smart classrooms, unlike traditional teaching and learning approaches, are not constrained by location, attendance, or the number of hours. It is defined as a system that integrates educational items or information, as well as applications and learning modes.

Detailed Segmentation 

Global Ed-Tech and smart classroom market are segmented on the basis of – Hardware, Education System, Enabling Technology, Deployment Model, End-User, and Region. Represented below is a detailed segmental description:

Based on Hardware:

• Interactive displays
• Interactive projectors

Based on Education System:

• Learning Management Systems
• Student Information Systems
• Classroom Assessment Systems
• Classroom Collaboration Systems
• Classroom Management Systems
• Document Management Systems
• Other Education Systems

Based on Enabling Technology:

• Gamification
• Analytics
• ERP
• Security
• AdvancEd-Technology* (AI, AR, VR, Robotics, and Blockchain)

Based on Deployment Mode:

• Cloud
• On-Premises

Based on End-User:

• Kindergarten
• K-12
• Higher Education

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics :

Large investments towards the educational sector by respective governments, the utilization of technology advancements in conducting lessons online, and the availability of reliable internet services. Furthermore, and most crucially, the recent outbreak of COVID-19 has also propelled this industry forward.

Furthermore, schools are putting a lot of emphasis on using technology to help students learn better. Most private schools in industrialized nations now have smart classrooms and e-learning platforms, and require the usage of tablets beginning in pre-primary school. This trend is no longer limited to private schools; government schools have also joined the race to improve literacy and attract more pupils by implementing smart classrooms.

Additionally, not only schools, colleges, universities, and other educational institutes are leveraging technology to offer distance learning programs, allowing them to transcend geographical boundaries. These factors will help to contribute to this industry’s revenue growth over the next decade.

Furthermore, this market is also expected to benefit from the use of e-learning and digital education to improve literacy.

However, in several developing nations, a lack of understanding of the benefits of e-learning is a major problem currently limiting this market’s economic growth. Furthermore, in certain remote locations, a lack of adequate mobile network infrastructure may limit the reachability of e-learning, and smart classrooms.

With educational technologies being adopted by large educational institutions as they are expensive, which smaller schools or facilities typically cannot afford, these factors may also hinder the revenue growth of this target market.

Competitive Landscape :

Some of the key players in the market are –

• Apple Inc.
• Cisco Crop.
• Blackboard
• IBM
• Dell EMC
• Google LLC
• Microsoft Crop.
• Oracle Inc.
• SAP SE
• Smart Technologies Inc.
• Saba Software Inc.
• others

Key developments :

2020:

• In May 2020, Open P-TECH, a platform focusing on workplace learning and skills, was launched by IBM. Students and instructors will have access to digital learning in AI, cloud computing, and cybersecurity, among other areas, thanks to this newly launched platform.
• In April 2020, Blackboard Unite for K-12 is a remote learning product by Blackboard, to assist districts in launching their remote learning efforts, the solution includes a virtual classroom, learning management systems, accessibility tools, mobile apps, as well as services and implementation kits.

For the Ed-Tech and Smart Classroom Market research study, the following years have been considered to estimate the market size: