The globe Ed tech and smart classroom market According to the latest analysis by Emergen Research, the size is expected to reach $274.63 billion at a CAGR of 15.4% over the forecast period. The key factors driving the revenue growth of the market include restrictions due to the COVID-19 pandemic, easy access to high-speed internet, and the increasing proliferation of mobile devices in remote areas. Initiatives by governments of different countries to promote and spread e-learning programs are another factor driving the market growth.

In September 2020, the Government of India launched PM e-VIDYA to enable multimodal access to education. The ongoing pandemic has resulted in the closure of educational institutes and centers in various countries around the world. This has greatly boosted the growth of the ed tech market due to the rapid adoption of e-learning platforms by students and teachers. Schools and institutes around the world are conducting classes online and this approach has quickly gained traction and is expected to continue to drive demand for ED tech in the future.

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Key highlights from the report

In November 2020, Anthology acquired xRM.com LLC’s foundation and matching software solutions to be competitive in higher education CRM.

Launched in May 2020 by IBM, Open P-TECH provides access to e-learning in cybersecurity, AI and cloud computing.

In April 2020, Blackboard launched Blackboard Unite, a remote e-learning solution with an effective management system, mobile app, implementation, and service kit.

North America had the largest revenue share in 2020 and is expected to dominate other regional markets in terms of revenue share during the forecast period. This is due to the strong presence of key players in the countries of the region. Advanced academic infrastructure and high awareness of e-learning platforms among individuals and learners…