What Are the Key Opportunities and Trends Shaping the Future of the Global EdTech And Smart Classrooms Market (2024-2033)?

The edtech and smart classrooms market report describes and explains the edtech and smart classrooms market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. 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 $161.75 billion in 2023, having grown at a compound annual growth rate (CAGR) of 20.55% since 2018. The market is expected to grow from $161,754.96 million in 2023 to $367,268.65 million in 2028 at a rate of 17.82%. The market is then expected to grow at a CAGR of 20.43% from 2028 and reach $930 billion in 2033.

What are the upcoming opportunities in the global edtech and smart classrooms market?
The key players in the market are adopting extensive strategies in the edtech and smart classrooms market such as:
• Strengthening market position through strategic partnerships and collaborations
• Launching new product offerings to expand business expertise
• Enhancing business operations with innovative product solutions

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To take advantage of the opportunities, The Business Research Company recommends the edtech and smart classrooms companies to focus on:
• Focus on artificial intelligence (AI) to develop personalized learning products tailored to individual student needs
• Emphasis on technology advancement and new product development to strengthen market position
• Incorporation of augmented reality (AR) and virtual reality (VR) to create immersive learning experiences for enhanced engagement and understanding
• Building strategic partnerships and collaborations to expand market reach
• Increased investments to boost educational accessibility and engagement

What are edtech and smart classrooms: market definition?
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.

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Who are the major companies operating in the global edtech and smart classrooms market?
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 23.24% of the total market in 2023. Microsoft Corporation was the largest competitor with a 6.68% share of the market, followed by:
• Oracle Corporation
• Dell Inc.
• Apple Inc.
• SAP SE
• Alphabet Inc. (Google)
• Cisco Systems Inc.
• Blackboard Inc (now Anthology Inc.)
• International Business Machines Corporation
• 2U, Inc.

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