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EdTech and Smart Classroom Market to Exhibit Stellar CAGR of 17.4% by 2028; Government Norms Regarding Social Distancing to Stimulate Demand: Fortune Business Insights™

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Pune, India, June 14, 2021 (GLOBE NEWSWIRE) — The global edtech and smart classroom market size stood at USD 85.29 billion in the year 2020. The growth is attributable to the realization of the importance of a holistic learning environment by institutes and students and universities investing in it. As per the report, the global market exhibited a stellar growth of 14.7% in 2020 in comparison to the average annual growth during 2017-2019. The market is estimated to grow from USD 98.19 billion in 2021 to USD 302.46 billion in 2028 at a CAGR of 17.4% during the forecast period.

Due to rapid adoption of modern learning tools by several students, the teaching institutes are compelled to adopt the same to keep up with the trend. Therefore, these institutes are witnessing spending more on such tools and digital. For instance, as per HolonIQ, which is an education intelligence provider, about 3% expenditure of total educational quota is done on digital infrastructure. This information is published by Fortune Business Insights™, in its report, titled, “EdTech and Smart Classroom Market Size, Share & COVID-19 Impact Analysis, By Instructional Aids (Smart Classroom, and Mobile Learning), By Smart Classroom Hardware (Interactive Projectors, Interactive whiteboards) By Educational Tools (Admission Automation Tools, Administration Tools, Learning Management Tools), By Technology (Gamification, Analytics, Enterprise Resource Planning (ERP)), By End-User, and Regional Forecast, 2021-2028.”

COVID-19 Impact

During the unfortunate series of lockdowns, governments of all regions implemented stringent rules and norms to help dwindle the spread of the virus. Governments of several regions announced lockdowns to curb the spread of the virus. This compelled the educational institutes to come up with a solution to continue teaching even in such worse conditions. Therefore, the edtech segment gained momentum amidst pandemic as developers as well as governments made investments worth billions of dollars into the education sector. The online learning platforms are gaining immense demand, with millions of users across the globe, all by following the lockdown and social distancing protocols.

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Segmentation

On the basis of instructional aids, the market is classified into smart classroom and mobile learning. The mobile learning segment is expected to observe a positive curve in the upcoming years. For security measures, several governments have compelled institutions to introduce online learning programs, online exams, as well as distance learning programs for students to diminish the impact of the COVID-19 crisis.

Based on hardware, the market is segmented into interactive projectors, interactive whiteboards. By educational tools, the market is divided into admission automation tools, administration tools, learning management tools, alumni management tools, placement management tools, and library management tools. By technology, the market is classified into gamification, analytics, enterprise resource planning (ERP) and advanced technology. The demand for edtech and smart classroom solutions is increasing across several end-users such as higher education, K-12, and kindergarten. Geographically, the market is classified into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Report Coverage

We follow a comprehensive research methodology that focuses majorly on offering accurate information. Our researchers have used a data triangulation technique which would help us to provide authentic estimates and gauge the overall market dynamics. Besides, our analysts gained access to several global and regional paid databases for delivering the latest information so that you can invest only in the crucial zones.

Drivers and Restraints

Growing Investments in Education Sector to Spur the EdTech and Smart Classroom Market Growth

The market has observed a significant shift in the past few years, backed by high uptake and surged educational expenditure of mobile technology. For example, as per a report by HolonIQ, in the year 2018, China was accountable for about 63% of the total EdTech investment. Likewise, EdTech start-ups regarding skill development have been receiving enormous funding. For instance, Roblox, which is an online gaming platform popularly known for delivering programming tutorials, managed to raise USD 150 million in funding in February 2020. Considerable investments and budgets are anticipated to steer the market growth in the near future.

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Regional Insights

North America to Ace the Market Backed by Surging Number of Mobile Users

North America stood at USD 36.31 billion in 2020. The region holds the highest edtech and smart classroom market share and is rapidly expanding on account of the adoption of technologically advanced solutions by schools and other learning institutes, to offer insightful training to their students. According to the GSMA intelligence, the number of cell-phone users in this region is estimated to surpass 328 million by 2025.

Asia Pacific is expected to exhibit a fast growth rate during the forecast period of 2021-2028. Government initiatives such as literacy growth projects funded by the government in rural areas are anticipated to propel the demand for smart education programs across emerging as well as emerging economies such as India, Australia, among others.

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Competitive Landscape

Partnerships and Mergers to Help Developers Innovate New Ideas and Expand Edtech and Smart Classroom Business

Prominent players in the market often come up with efficient strategies that include partnerships, acquisitions and mergers, product launches, etc. These strategies bolster their position as leading players and also benefit the other involved companies.

For example, in July 2020, IBM announced its partnership with the Central Board of Secondary Education in India (CBSE), to apply artificial intelligence (AI) in the revised curriculum. This new curriculum is available and executed in 13 states and across 200 schools.

Industry Development

October 2020:  Impero Inc. announced its partnership with Nebraska Educational Service Unit Coordinating Council (ESUCC) to issue Impero Education Pro (IEP) for distance monitoring and software management for educational purposes.

List of Key Players Covered in the Market:

  • SAP SE (Walldorf, Germany)
  • Apple Inc. (California, United States)
  • IBM Corporation (New York, United States)
  • Alphabet Inc. (California, United States)
  • Cisco Systems Inc. (California, United States)
  • NetDimensions (Holdings) Limited (Hong Kong)
  • Amazon.com Inc. (Washington, United States)
  • Microsoft Corporation (Washington, United States)
  • SMART Technologies ULC (Calgary, Canada)
  •  Dell Inc. (Texas, United States)
  • Cornerstone On-demand Inc. (California, United States)
  • 2U, Inc. (Maryland, United States)
  • Fujitsu Limited (Tokyo, Japan)
  • Anthology Inc. (Boca Raton, Florida)
  • Ellucian Company L.P. (Virginia, United States)
  • Discovery, Inc. (New York, United States)
  • Blackboard Inc. (Washington, D.C., United States)
  • Jenzabar, Inc. (Massachusetts, United States)

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Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
  • Global Edtech and Smart Classroom Key Players Market Share Insights and Analysis, 2020
  • Key Market Insights and Strategic Recommendations
  • Primary Interviewee’s Key Responses
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Gross Margin
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Edtech and Smart Classroom Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Instructional Aids (Value)
        • Smart Classroom
        • Mobile Learning
      • By Smart Classroom Hardware (Value)
        • Interactive Projectors
        • Interactive whiteboards
        • Others 
      • By Educational Tools (Value)
        • Admission Automation Tools
        • Administration Tools (ERP & CRM)
        • Learning Management Tools
        • Alumni Management Tools
        • Placement Management Tools
        • Library Management Tools
      • By Technology (Value)
        • Gamification
        • Analytics
        • Enterprise Resource Planning (ERP)
        • Advanced Technology (AI, AR, VR, Robotics, and Blockchain)
        • Others
      • By End-user (Value)
        • Higher Education
        • K-12
        • Kindergarten
      • By Region (Value)
        • North America
        • South America
        • Europe
        • Middle East & Africa
        • Asia Pacific
    • North America Edtech and Smart Classroom Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Instructional Aids (Value)
        • Smart Classroom
        • Mobile Learning
      • By Smart Classroom Hardware (Value)
        • Interactive Projectors
        • Interactive whiteboards
        • Others 
      • By Educational Tools (Value)
        • Admission Automation Tools
        • Administration Tools (ERP & CRM)
        • Learning Management Tools
        • Alumni Management Tools
        • Placement Management Tools
        • Library Management Tools
      • By Technology (Value)
        • Gamification
        • Analytics
        • Enterprise Resource Planning (ERP)
        • Advanced Technology (AI, AR, VR, Robotics, and Blockchain)
        • Others
      • By End-user (Value)
        • Higher Education
        • K-12
        • Kindergarten
      • By Country (Value)
        • US
        • Canada
        • Mexico

TOC Continued.

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
https://www.kiwidesign.com/
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https://www.instagram.com/kiwidesignins/

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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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