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The edtech and smart classrooms market size has grown rapidly in recent years, increasing from <$163.04 billion in 2023 to <$189.18 billion in 2024, with a compound annual growth rate (CAGR) of 16.0%. This growth is driven by strong economic development in emerging markets, rising digital transformation, and increased internet penetration. The market is projected to continue its rapid growth, reaching <$365.06 billion in 2028 at a CAGR of 17.9%. This growth is fueled by rising government support, increased investments, and higher mobile device penetration. Major trends in the forecast period include the integration of artificial intelligence in edtech and smart classrooms, technological advancements, a focus on virtual learning environments, and strategic partnerships and collaborations.

The edtech and smart classrooms market is set to grow, propelled by the increasing investment in eLearning and EdTech. E-learning, facilitated by electronic media on the internet, has gained momentum, allowing users to take courses online through devices like computers, tablets, and smartphones. The UN Children’s Fund (UNICEF) reported that over 168 million school children globally missed in-class learning due to COVID-19-related lockdowns. This presented an opportunity for e-learning and edtech providers to capture the market, leading to increased investments in the sector. Notably, Indian ed-tech companies raised $248 million in the first seven months of 2022, a significant increase from previous years. The global ed-tech investments in 2022 amounted to $1.21 billion. This growing investment in eLearning and EdTech is expected to drive the edtech and smart classrooms market, as reflected in the market size for the years 2023, 2024, and 2028.

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What Are The Key Trends That Influence EdTech And Smart Classrooms Market Share Analysis?

Technological advancement is a key trend in the edtech and smart classrooms market. Key players are developing innovative technologies, such as the Virtual Learning Environment (VLE) app, which utilizes AI. For example, in December 2021, Microsoft Corporation, in collaboration with the Oliver Group, launched a new virtual learning environment app on Microsoft Teams. This app provides an interactive digital learning experience, integrating a variety of content and tools to enhance student-tutor interactions, and caters to Microsoft Teams’ 250 million daily active users.

Which Market Players Are Driving Growth In The EdTech And Smart Classrooms Market?

Major companies operating in the market are Dow, Covestro AG, Evonik Industries AG, Berkshire Hathaway (The Lubrizol Corporation), Nippon Shokubai Co. Ltd, Nouryon, Ashland Inc, Sasol, Lanxess, Croda International, EOC Polymers India Private Limited, Weifang Ruiguang Chemical Co Ltd, Shanghai Yunsong Technology Development Co Ltd, Jiangsu Kaiyuan Technology Co Ltd, Tianjin Royal Land Chemical Co Ltd, Solvay, Sumika Polymer Compounds Poland Sp. z o.o, Uniqchem, Toagosei Co, BASF, King Industries Inc, Transcor Industria de Pigmentos e Corantes Ltda, ExxonMobil Quimica Ltda, Abu Dhabi Polymers Company Ltd, KMT Polymers, SNF United Arab Emirates, Ethiopolymers PLC, Eagle Chemicals

How Is The Global EdTech And Smart Classrooms Market Segmented?

The edtech and smart classrooms market covered in this report is segmented –

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 Systems
2) 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

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The EdTech And Smart Classrooms Global Market Report 2024 provides an overview of the edtech and smart classroomsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The edtech and smart classrooms market forecast analyzes edtech and smart classrooms market size, edtech and smart classrooms market share, leading competitor and their market positions.

The Table Of Content For The EdTech And Smart Classrooms Market Include

1. EdTech And Smart Classrooms Market Executive Summary
2. EdTech And Smart Classrooms Market Segments
3. EdTech And Smart Classrooms Market Size And Template Market Growth Rate
4.  Key EdTech And Smart Classrooms Market Trends
5. Major EdTech And Smart Classrooms Market Drivers
……
25. Key Mergers And Acquisitions In The EdTech And Smart Classrooms Market
26. Top EdTech And Smart Classrooms Companies
27. EdTech And Smart Classrooms Market Opportunities And Strategies
28. EdTech And Smart Classrooms Market, Conclusions And Recommendations
29. Appendix

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