This report describes and explains the edtech and smart classrooms market and covers 2017-2022, termed the historic period, and 2022 to 2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global edtech and smart classrooms market reached a value of nearly $140,235.3 million in 2022, having grown at a compound annual growth rate (CAGR) of 21.64% since 2017. The market is expected to grow from $140,235.30 million in 2022 to $304,632.12 million in 2027 at a rate of 16.78%. The market is then expected to grow at a CAGR of 21.17% from 2027 and reach $763,560.41 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, rising digital transformation and a rise in internet penetration. Factors that negatively affected growth in the historic period include a lack of staff in educational institutions.
Going forward, increasing government support, rising investments and an increasing penetration of mobile devices will drive the market growth. Factors that could hinder the growth of the edtech and smart classrooms market in the future include rise in interest rates and the Russia-Ukraine war impact.
The edtech and smart classrooms market is segmented by education system into 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 and talent management systems. The learning management system market was the largest segment of the edtech and smart classrooms market segmented by education system for 21.22% of the total in 2022. Going forward, the student collaboration system market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by education system, at a CAGR of 17.91% during 2022-2027.
The edtech and smart classrooms market is segmented by deployment type into cloud and on-premises. The on-premises market was the largest segment of the edtech and smart classrooms market segmented by deployment type for 72.30% of the total in 2022. Going forward, the cloud market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by deployment type, at a CAGR of 17.76% during 2022-2027.
The edtech and smart classrooms market is segmented by hardware into interactive displays and interactive projectors. The interactive displays market was the largest segment of the edtech and smart classrooms market segmented by hardware for 60.0% of the total in 2022. Going forward, the interactive projectors market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by hardware, at a CAGR of 17.8% during 2022-2027.
The edtech and smart classrooms market is segmented by component into hardware, software and services. The hardware market was the largest segment of the edtech and smart classrooms market segmented by component for 41.0% of the total in 2022. Going forward, the services market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by component, at a CAGR of 16.9% during 2022-2027.
The edtech and smart classrooms market is segmented by end use into K-12, higher education and kindergarten. The higher education market was the largest segment of the edtech and smart classrooms market segmented by end-use for 47.99% of the total in 2022. Going forward, the building automation market is expected to be the higher education segment in the edtech and smart classrooms market segmented by end-use, at a CAGR of 17.12% during 2022-2027.
North America was the largest region in the edtech and smart classrooms market, accounting for 35.24% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the edtech and smart classrooms market will be Asia Pacific and the Middle East, where growth will be at CAGRs of 18.33% and 17.19% respectively. These will be followed by South America and Western Europe, where the markets are expected to grow at CAGRs of 16.63% and 16.39% respectively.
The global local edtech and smart classrooms market is fragmented, with a large number of small players. The top ten competitors in the market made up to 24.49% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. Microsoft Corporation was the largest competitor with 8.18% share of the market, followed by Dell Technologies Inc with 3.95%, Oracle Corporation with 3.50%, Apple Inc with 2.77%, SAP SE with 1.39%, Anthology Inc with 1.24%, Cisco Systems Inc with 1.08%, IBM Corporation with 1.00%, Alphabet Inc with 0.79% and Lenovo with 0.59%.
The top opportunities in the edtech and smart classrooms market segmented by education type will arise in the learning management system segment, which will gain $36,691.89 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by component will arise in the hardware segment, which will gain $68,128.98 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by end use will arise in the higher education segment, which will gain $81,013.12 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by deployment type will arise in the on-premises segment, which will gain $115,286.81 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by hardware will arise in the interactive displays segment, which will gain $39,066.50 million of global annual sales by 2027. The edtech and smart classrooms market size will gain the most in the USA at $49,444.36 million.
Market-trend-based strategies for the edtech and smart classrooms market include focus on artificial intelligence in edtech and smart classrooms, focus on technology advancement, focus on virtual learning environment focus on and strategic partnerships and collaborations.
Player-adopted strategies in the edtech and smart classrooms market include focus on ramping up edtech business through strategic acquisitions, focus on enhancing business operations through strategic collaborations and partnerships and focus on strengthening business capabilities through launch of new solutions and services.
To take advantage of the opportunities, the publisher recommends the edtech and smart classrooms to focus on artificial intelligence, focus on technology advancement, focus on virtual learning environment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, continue to use b2b promotions, continue to target fast-growing end-uses.
The global edtech and smart classrooms market reached a value of nearly $140,235.3 million in 2022, having grown at a compound annual growth rate (CAGR) of 21.64% since 2017. The market is expected to grow from $140,235.30 million in 2022 to $304,632.12 million in 2027 at a rate of 16.78%. The market is then expected to grow at a CAGR of 21.17% from 2027 and reach $763,560.41 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, rising digital transformation and a rise in internet penetration. Factors that negatively affected growth in the historic period include a lack of staff in educational institutions.
Going forward, increasing government support, rising investments and an increasing penetration of mobile devices will drive the market growth. Factors that could hinder the growth of the edtech and smart classrooms market in the future include rise in interest rates and the Russia-Ukraine war impact.
The edtech and smart classrooms market is segmented by education system into 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 and talent management systems. The learning management system market was the largest segment of the edtech and smart classrooms market segmented by education system for 21.22% of the total in 2022. Going forward, the student collaboration system market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by education system, at a CAGR of 17.91% during 2022-2027.
The edtech and smart classrooms market is segmented by deployment type into cloud and on-premises. The on-premises market was the largest segment of the edtech and smart classrooms market segmented by deployment type for 72.30% of the total in 2022. Going forward, the cloud market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by deployment type, at a CAGR of 17.76% during 2022-2027.
The edtech and smart classrooms market is segmented by hardware into interactive displays and interactive projectors. The interactive displays market was the largest segment of the edtech and smart classrooms market segmented by hardware for 60.0% of the total in 2022. Going forward, the interactive projectors market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by hardware, at a CAGR of 17.8% during 2022-2027.
The edtech and smart classrooms market is segmented by component into hardware, software and services. The hardware market was the largest segment of the edtech and smart classrooms market segmented by component for 41.0% of the total in 2022. Going forward, the services market is expected to be the fastest growing segment in the edtech and smart classrooms market segmented by component, at a CAGR of 16.9% during 2022-2027.
The edtech and smart classrooms market is segmented by end use into K-12, higher education and kindergarten. The higher education market was the largest segment of the edtech and smart classrooms market segmented by end-use for 47.99% of the total in 2022. Going forward, the building automation market is expected to be the higher education segment in the edtech and smart classrooms market segmented by end-use, at a CAGR of 17.12% during 2022-2027.
North America was the largest region in the edtech and smart classrooms market, accounting for 35.24% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the edtech and smart classrooms market will be Asia Pacific and the Middle East, where growth will be at CAGRs of 18.33% and 17.19% respectively. These will be followed by South America and Western Europe, where the markets are expected to grow at CAGRs of 16.63% and 16.39% respectively.
The global local edtech and smart classrooms market is fragmented, with a large number of small players. The top ten competitors in the market made up to 24.49% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. Microsoft Corporation was the largest competitor with 8.18% share of the market, followed by Dell Technologies Inc with 3.95%, Oracle Corporation with 3.50%, Apple Inc with 2.77%, SAP SE with 1.39%, Anthology Inc with 1.24%, Cisco Systems Inc with 1.08%, IBM Corporation with 1.00%, Alphabet Inc with 0.79% and Lenovo with 0.59%.
The top opportunities in the edtech and smart classrooms market segmented by education type will arise in the learning management system segment, which will gain $36,691.89 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by component will arise in the hardware segment, which will gain $68,128.98 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by end use will arise in the higher education segment, which will gain $81,013.12 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by deployment type will arise in the on-premises segment, which will gain $115,286.81 million of global annual sales by 2027. The top opportunities in the edtech and smart classrooms market segmented by hardware will arise in the interactive displays segment, which will gain $39,066.50 million of global annual sales by 2027. The edtech and smart classrooms market size will gain the most in the USA at $49,444.36 million.
Market-trend-based strategies for the edtech and smart classrooms market include focus on artificial intelligence in edtech and smart classrooms, focus on technology advancement, focus on virtual learning environment focus on and strategic partnerships and collaborations.
Player-adopted strategies in the edtech and smart classrooms market include focus on ramping up edtech business through strategic acquisitions, focus on enhancing business operations through strategic collaborations and partnerships and focus on strengthening business capabilities through launch of new solutions and services.
To take advantage of the opportunities, the publisher recommends the edtech and smart classrooms to focus on artificial intelligence, focus on technology advancement, focus on virtual learning environment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, continue to use b2b promotions, continue to target fast-growing end-uses.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure18. Competitive Landscape And Company Profiles
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global EdTech and Smart Classrooms Market Segmentation
10. EdTech and Smart Classrooms Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. EdTech And Smart Classrooms Market, Conclusions And Recommendations
23. Appendix
Executive Summary
EdTech and Smart Classrooms Global Market Opportunities and Strategies to 2032 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.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description:
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 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
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities and Strategies
- Conclusions and Recommendations
- Appendix
Scope
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 Systems2) By Deployment: Cloud; On-Premises
3) By Hardware: Interactive Displays; Interactive Projectors
4) By Component: Hardware; Software and Services
5) By End Use: K-12; Higher Education; Kindergarten
Companies Mentioned: Microsoft Corporation; Dell Technologies Inc; Oracle Corporation; Apple Inc; SAP SE
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; 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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft Corporation
- Dell Technologies Inc.
- Oracle Corporation
- Apple Inc.
- SAP SE
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 340 |
| Published | April 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 140235.3 Million |
| Forecasted Market Value ( USD | $ 763560.41 Million |
| Compound Annual Growth Rate | 18.5% |
| Regions Covered | Global |
