EdTech and Smart Classrooms Global Market Report 2024

The edtech and smart classrooms market size has grown rapidly in recent years. It will grow from $163.04 billion in 2023 to $189.18 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The historical growth can be attributed to several factors, including robust economic expansion in emerging markets, an increasing emphasis on digital transformation, and a rise in internet penetration.

The edtech and smart classrooms market size is expected to see rapid growth in the next few years. It will grow to $365.06 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. Forecasted growth is driven by increasing government support, higher investments, and a rise in mobile device penetration in EdTech and smart classrooms. Key trends include the integration of artificial intelligence, a focus on technology advancement, emphasis on virtual learning environments, and a surge in strategic partnerships and collaborations.

The expansion of investments in eLearning and Educational Technology (EdTech) is a pivotal driver for the progressive growth of the EdTech and smart classrooms market. E-learning, denoting electronic learning, facilitates knowledge acquisition through electronic media, primarily over the internet. It enables individuals to partake in online courses utilizing electronic devices such as computers, tablets, and smartphones. EdTech, a key enabler of e-learning, involves the utilization of technology and technology processes to facilitate learning and enhance performance. Notably, in March 2021, UN Children’s Fund (UNICEF) data revealed that over 168 million school children globally missed out on in-person learning due to COVID-19-related lockdowns in 14 countries, creating an opportunity for e-learning and EdTech providers to seize the market. This scenario has prompted increased investments in the sector, exemplified by Indian ed-tech companies raising $248 million from various sources between January and July 2022, as reported by Tracxn, an India-based platform tracking start-ups and private companies. The escalating investment in eLearning and EdTech is anticipated to propel the EdTech and smart classrooms market, with global ed-tech investments reaching $1.21 billion in 2022.

The edtech and smart classrooms market is poised for growth, driven significantly by the widespread adoption of mobile devices. The ubiquity of mobile information technologies emancipates students from the constraints of traditional classrooms, enabling learning on the go. With mobile devices, students can conduct research, collaborate with peers, document their learning experiences, and receive timely feedback from teachers irrespective of location or time constraints. For instance, in 2022, GSMA Intelligence, a UK-based source of mobile industry insights, reported that there were precisely 5.13 billion mobile device owners worldwide, constituting 66.5% of the global population, with 2.71 billion individuals (35.13% of the global population) being smartphone owners. The increasing penetration of mobile devices is expected to be a major contributor to the growth of the edtech and smart classrooms market.

The edtech and smart classrooms market is witnessing a prominent trend marked by substantial technological advancements. Leading entities in the market are directing their focus towards the development of cutting-edge technologies, exemplified by innovations such as the Virtual Learning Environment (VLE) app incorporating Artificial Intelligence (AI). An illustrative case is the collaboration between Microsoft Corporation, a US-based technology company, and the Oliver Group, an Ireland-based EdTech company. In December 2021, they jointly introduced a groundbreaking virtual learning environment app operating on the Microsoft Teams application. This app serves as an intuitive software platform, delivering a diverse range of interactive digital content and fostering a more user-centric learning experience. With an extensive user base of 250 million global Microsoft Teams daily active users, this product facilitates seamless student-tutor interaction through user-friendly interactive tools.

A strategic focus on artificial intelligence (AI) is gaining momentum as companies aim to fortify their market positions. AI-based products are becoming pivotal in enhancing educational systems for improved knowledge delivery and assessment. Various AI technologies are being deployed within educational models, including the learner model, pedagogical model, and domain model. For example, in March 2023, ICARUS AI, a US-based edtech company, unveiled a novel online learning platform driven by artificial intelligence. This platform introduces a heightened level of personalized learning experiences for students globally. Leveraging AI algorithms, the ICARUS AI platform assesses students' needs and learning preferences, recommending courses and learning materials tailored to each student's specific requirements.

In May 2022, Byju's, the India-based educational technology company, successfully completed the acquisition of GeoGebra for a sum of $100 million. This strategic acquisition aligns with Byju's comprehensive product strategy, integrating GeoGebra's collaborative mathematics learning tools to enhance and expand its existing mathematics portfolio. The move allows Byju's to leverage GeoGebra's capabilities for the development of new product offerings and learning formats, contributing to the company's overall growth and competitiveness in the educational technology market.

Major companies operating in the edtech and smart classrooms market report are Microsoft Corporation, Dell Technologies Inc., Oracle Corporation, Apple Inc., SAP SE, Anthology Inc., Cisco Systems Inc., IBM Corporation, Alphabet Inc., Lenovo, Openlearning, Typsy, Think And Learn (Byju's), Coursera, Udemy, Atama Plus, Yuanfudao, Vipkid, Zuoyebang, Hujiang, Huohua Siweiare, Teachbuddy, Edurino, Hownow, Eruditus, House Of Math, Bloomcoding, Kahoot, Gostudent, Rainly, Futurelearn, Brainly, Skriware, Nuadu, Maximum Education, Kodland, Dnevnik, Datamonkey, Kinderpedia, Adservio, Code Of Talent, Photomath, Coding Dojo, Devx School, Coco Coders, Eduthings, Outschool, Kindertales, Prosple, Zipboard, Gravity, Agenda Coruja, Educatec, Estuda, Skore.Io, Mkcoach, Signa, Education Journey, Menty, Openpbl.AI Tecnologia Educacional Ltd, Equipo Toknet, Acamica, Lectio, Mechi Learning, Masterschool, Tonara, Strigo, Tinytap, Almentor, Zenda, Englease, Algooru, Yourself, Ynmodata, Hyperion Development, The Student Hub, Watobe, Orcas, Sprints, Oto Courses, Colnn, Ulesson, Splatt, Roducate.

North America was the largest region in the edtech and smart classroom market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edtech and smart classrooms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the edtech and smart classrooms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main categories within the EdTech and smart classroom education system markets include learning management systems, student information and administration systems, student collaboration systems, student response systems, learning and gamification, test preparation, classroom management systems, document management systems, and talent management systems. Learning management systems play a crucial role in eLearning programs, facilitating administration, documentation, tracking, and recording of learning processes. These systems can be deployed through cloud or on-premises solutions, and the hardware involved includes interactive displays and interactive projectors. The components of EdTech and smart classrooms encompass hardware, software, and services, and the end-users span K-12, higher education, and kindergarten levels.

The edtech and smart classroom market research report is one of a series of new reports that provides edtech and smart classroom market statistics, including edtech and smart classroom industry global market size, regional shares, competitors with an edtech and smart classroom market share, detailed edtech and smart classroom market segments, market trends and opportunities, and any further data you may need to thrive in the edtech and smart classroom industry. This edtech and smart classroom market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The edtech and smart classroom market consists of revenues earned by entities by providing interactive projectors and interactive displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.