Grand View Research, Inc. predicts that the education technology market would be worth $348.41 billion by 2030

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According to a recent analysis by Grand View Research, Inc., the worldwide education technology market is predicted to reach USD 348.41 billion by 2030, rising at a CAGR of 13.6% from 2023 to 2030. Learning evolves gradually in tandem with technological advancements.

From virtual classrooms to massive open online courses (MOOCs), the education technology (EdTech) business is quickly evolving, resulting in a flood of large investments globally.

Seeing the potential of using technological breakthroughs to improve the learning process, governments throughout the world are pushing incumbents in the education industry to embark on a variety of programmes aimed at incorporating EdTech into the entire education system.

For example, the Delhi government took the initiative in January 2022 to create 20,000+ smart classrooms in schools by installing 16 smart classrooms in Shaheed Amir Chand Sarvodaya Vidyalaya.

Smart classroom projects improve the teaching-learning process and provide students with access to all online learning materials. Modern cameras would be put in the classrooms to record live sessions, which teachers and students would be able to watch in the future.