Rapid Growth in Digitalization in Edtech Industry to Drive the Edtech and Smart Classroom Market

EdTech and the smart classroom market have modified the way learners interact and consume the content. The enlightened technology utilized in the market authorizes instructors to customize learning plans, generating headways to include innovation, diversity, and inclusion in today's education. Additionally, these technologies are crucial in today's business environment, where firms continually search for new ways to enhance partnership, efficacy, personalization, and communication. In the time to come, the EdTech and smart classroom market is set to register acute experimentation, innovation, and product differentiation as platforms of online learning allure millions in investment from private and public entities alike.

According to the research report, the global EdTech and smart classroom market size & share were valued at USD 85.91 billion in 2020 and are expected to reach USD 277.21 Billion By 2028, to grow at a CAGR of 16.4% during the forecast period.

Classroom conferencing systems can bridge the gap between teachers and students

Even in the multitude of places in the world, there is one thing each school has in common; a shortage of teachers with proficiency in each topic. Classroom conferencing systems have become an exceptionally sought-after tool to assist bring more expertise into the school by roping in students anywhere globally. Classroom conferencing systems don’t just connect students to adept teachers but also permit students to encounter a limitless amount of exploration. Initiatives of culture sharing, guest speakers, and admittance to lively characters worldwide help students have a novel experience each day within the premises of the classroom. In this manner, schools can save on travel while offering students with a learning opportunity that is unique.

Increase usage of mobile technology to drive the market

The market size has transferred speedily in the last few years because of the extensive adoption of mobile technology and escalating education disbursement. Comparably education technology startups concentrated on skill development have acquired a bunch of costs. For instance, Roblox, an online gaming platform that instructs programming, augmented USD 150 million in investment in February 2020. All these principal budgets and acquisitions seem to drive the market growth in the projected period.

Key players

Some of the major market players operating in the global market of EdTech and smart classrooms include 2U, Anthology Inc., Apple Inc., Blackboard Inc., Cisco Systems, Cornerstone, D2L Corporation, Dell EMC, Discovery, Inc., Ellucian, FUJITSU, Google, IBM, Instructure Inc., Lenovo, Microsoft Corporation, Oracle Corporation, PROMETHEAN LIMITED, SAP SE, Smart Technologies ULC and Workday Inc.

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Recent developments

In May 2021, SAP SE initiated SAP Learning Hub's complimentary educational offering for students and instructors. This new free service for the successive generation of talent will provide the opportunity and knowledge needed to obtain skills that are digital in high demand.?