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The increasing demand for the overall development of children has led to the growth of the education sector. Innovative learning and teaching methods have led people to invest in the education sector with time. The edtech and smart classroom industry is growing fast with the increase in digitalization.
According to Fortune Business Insights™, the global market of edtech and smart classroom is expected to be worth USD 433.17 billion by 2030, recording a CAGR of 18.3% during 2023-2030.
The impact of the pandemic was positive for the edtech and smart classroom industry. During the lockdown, various apps and gadgets were rising for study, curriculum management software, e-textbooks, administration, and communication platform. The governments also took initiatives to grow the market by cost-cutting of tech gadgets and internet data required to use them. These factors helped grow the market.