The Global EdTech and Smart Classrooms Market estimated to grow according to forecasts
9 Sept 2022
According to the latest research by SkyQuest Technology, the Global EdTech and Smart Classrooms Market was valued at US$ 88.82 billion in 2021, and it is expected to reach US$ 319.65 billion by 2028, with a CAGR of 17.89% during the forecast period of 2022–2028. The research provides up-to-date EdTech and Smart Classrooms Market analysis of the current market landscape, latest trends, drivers, and overall market environment.
The education sector offers several prospects for progress. This industry is evolving quickly as institutions and students continue to fund holistic learning environments because they understand their importance. According to school information vendor HolonIQ, 3 percent of all global education spending is on digital infrastructure. It also says that the enormous potential of digital transformation is expected to exceed USD 10 trillion by 2030. This is anticipated to increase the adoption of smart classroom solutions and instructional technology in the future years.
Applications of Artificial Intelligence (AI) and Machine Learning (ML) in smart learning is increasing
E-Learning experiences are made more individualized thanks to the growing use of AI and ML technology.
Learners can access relevant information relating to user-interest domains thanks to machine learning (ML) algorithms that help forecast results based on historical data. With the aid of AI and ML technologies, eLearning content may be delivered by EdTech solutions in a tailored manner. In business settings, employees receive the information they require quickly thanks to customized online training programmes that support them in achieving their unique goals. AI is used to automate tasks like arranging coursework for online students and delivering online materials depending on participant assessment results. Online students have the option of choosing tailored experiences over generic eLearning programmes. As a result, learners don't need to spend as much time studying the full course to achieve their objectives and develop essential abilities thanks to the course's streamlined design and personalized material. The potential for AI in education is huge. In order to improve instruction, AI can help personalize learning for each student, identify and fix learning gaps, and give teachers real-time feedback.
Read market research report, " Global EdTech and Smart Classrooms Market is segmented based on Instructional Aid, Smart Classroom Hardware, Educational Tool, End-User and Regions. Based on Instructional Aid, the market is segmented into Smart Classroom and Mobile Learning. Based on Smart Classroom Hardware, the market is segmented into Interactive Projectors, and Interactive Whiteboards/Display. Based on Educational Tools, the market is segregated into Admission Automation Tools, Administration Tools, Learning Management Tools, Alumni Management Tools, Placement Management Tools, and Library Management Tools. Based on End-user, the market is segmented into Higher Education, K-12, and Kindergarten & By Region- Forecast and Analysis 2022-2028” by SkyQuest.
Increased Investments in the Education Sector and Lower Costs of Internet and Online Learning Resources to Speed Up Market Growth
Due to the quick change in market size brought about by the widespread use of mobile technologies and rising education investment in recent years. For instance, BYJU funded USD 460 million for K–12 personalized learning programmes, and Articulate raised USD 1.5 billion for corporate training systems. Similar to this, firms in education technology that are concerned with skill development have garnered a lot of funding. During the anticipated term, the market expansion is predicted to be driven by such substantial investments and budgets.
Rising mobile use and the low cost of e-learning tools are credited with the growth of the education sector. The US, Europe, and other developing countries are leading the way in terms of internet and mobile usage. Meanwhile, it is anticipated that emerging markets will expand rapidly, with mobile becoming a key tool for knowledge acquisition. As a result, it is anticipated that the market will grow quickly in the near future.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about EdTech and Smart Classrooms Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
EdTech and Smart Classrooms Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific EdTech and Smart Classrooms Market Trends
Comprehensive Mapping of EdTech and Smart Classrooms Industry Parameters
Attractive Investment Proposition in the Global EdTech and Smart Classrooms Industry
Competitive Strategies Adopted by EdTech and Smart Classrooms Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the EdTech and Smart Classrooms Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and edtech and smart classrooms market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter’s five force analysis to know the market’s condition
Pricing Analysis and EdTech and Smart Classrooms Market Sales
Parent market analysis
Product portfolio benchmarking
SkyQuest has segmented the Global EdTech and Smart Classrooms Market based on Instructional Aid, Smart Classroom Hardware, Educational Tool, End-User, and Region:
Global EdTech and Smart Classrooms Market By Instructional Aid (Revenue, US$ billion, 2021-2028)
Global EdTech and Smart Classrooms Market By Smart Classroom Hardware (Revenue, US$ billion, 2021-2028)
Global EdTech and Smart Classrooms Market By Educational Tool (Revenue, US$ billion, 2021-2028)
Admission Automation Tools
Learning Management Tools
Alumni Management Tools
Placement Management Tools
Library Management Tools
Global EdTech and Smart Classrooms Market By End-User (Revenue, US$ billion, 2021-2028)
Global EdTech and Smart Classrooms Market By Region (Revenue, US$ billion, 2021-2028)
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Key Players in the Global EdTech and Smart Classrooms Market
SAP SE (Germany)
Apple Inc. (US)
IBM Corporation (US)
Alphabet Inc. (US)
Cisco Systems Inc. (US)
Amazon.com Inc. (US)
Microsoft Corporation (US)
SMART Technologies ULC (Canada)
Dell Inc. (US)
Fujitsu Limited (Japan)