Smart Classroom Market - Snapshot
Smart classrooms are technologically advanced classrooms that provide opportunities for smart learning and teaching by integrating advanced solutions and products, such as specialized learning and teaching software, assistive listening devices, student response management solutions, etc. Rapid developments in the field of IT and communication are opening up cost-effective and simpler ways to deliver education. Moreover, advanced technologies such as Artificial Intelligence and cloud computing has introduced new avenues for educational institutions to teach and engage their students. Rising smart city initiatives by governments is also compelling educational institutes to adopt digital solutions to provide enhanced education to students.
The global smart classroom market is expected to expand at a CAGR of 8.5 % during the forecast period 2018-2026. The market is expected to reach 109,660.3 Mn in 2026. The smart classroom market is primarily driven by government initiatives to offer digital education to students. Governments of several countries are increasingly engaging in providing digital education in schools and other educational institutions. Besides providing broadband facilities, governments are also encouraging educational institutions to offer e-learning courses. For instance, FutureSchools@Singapore, an initiative by the government of Singapore, provides high-end technology and digital content to schools of Singapore. Furthermore, as per the 2018 budget, the government of Singapore plans to spend about US$ 12.8 Bn in 2018 on the education sector in order to provide better quality education to students. Thus, rise in investments in the education sector and increase in number of government initiatives supporting digital education are some of the factors driving the smart classroom market globally.
The smart classroom market is segmented by component, end-use, and region. By component, the market has been segmented into hardware, software, and services. Based on hardware, the market has been bifurcated into Interactive Whiteboard (IWB)/flat panel, digital display, smart projector, and others. Digital display segment and IWB/flat panel segment are expected to hold more than 50% of the total market share. Smart projector segment is further divided into ultra-short throw projectors, short throw projectors, and standard throw projectors. On the basis of software, the global smart classroom market is segmented into learning management software, student response software, classroom management & assessment software, distance learning software, and others. Learning management software segment is expected to have higher adoption rate among end-users during the forecast period. Services segment is further bifurcated into professional services and managed/outsourced services. Based on end-use, the market has been segmented into early education, K-12 education, higher education, language education, and vocational education. Revenue data is estimated for all the above mentioned segments.
The smart classroom market is also bifurcated on the basis of various regions into North America, Europe, South America, Middle East & Africa, and Asia Pacific. North America is projected to hold the dominant share in the global smart classroom market during the forecast period.This is majorly due to presence of leading players in this region. Middle East & Africa and South America are witnessing limited adoption of smart classrooms as compared to other regions. However, growing investments of governments to offer smart education is expected to offer healthy growth to the market during the long term forecast period.
Companies are majorly focusing on increasing their customer base by providing services in untapped markets. Governments that have stringent policies and regulations regarding digital educationare helping the market players by providing them an opportunity to offer their products and solutions. This in turn will strengthen the market share globally.Trend of leading players acquiring technology start-ups is also seen in the market. Merger and acquisition strategy will help companies to enhance their customer base and generate new revenue streams. The global smart classroom market comprises large number of multinational companies providing a range of comprehensive services and solutions to end-users. These companies include Samsung Electronics Co. Ltd, Microsoft Corporation, Dell Inc., Fujitsu Ltd, and IBM Corporation.
Smart Classroom Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the smart classroom market at the global and regional level. The report provides an analysis of the global smart classroom market for the period from 2016 to 2026, wherein 2018 to 2026 comprises the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends playing a major role in the growth of the smart classroom market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a complete perspective on the smart classroom market growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America.The report would help suppliers and distributors to understand the current and future trends in the market and formulate their strategies accordingly.
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the ecosystem analysis for the smart classroom market. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth.
Global Smart Classroom Market: Scope of the Report
The smart classroom market has been segmented by component, end-use, and industry. By component, the market has been segmented into hardware, software, and services. Based on hardware, the market has been bifurcated into Interactive Whiteboard (IWB), digital display, smart projector, and others. Smart projector segment is further divided into ultra-short throw projectors, short throw projectors, and standard throw projectors. On the basis of software, the global smart classroom market is segmented into learning management software, student response software, classroom management & assessment software, distance learning software, and others. Services segment is further bifurcated into professional services and managed/outsourced services. Based on end-use, the market has been segmented into early education, K-12 education, higher education, language education, and vocational education. Revenue data is estimated for all the above mentioned segments.
The report also includes competitive profiling of key players associated with the market around the globe. The important business strategies adopted by leading players, their market positioning, financials, and recent developments have been identified in the research report.The competitive landscape section of the report gives an overview about the major regions/countries providing opportunities for key players in order to strengthen their market position in the future.
Global Smart Classroom Market: Research Methodology
The smart classroom market data estimates are the results of our in-depth secondary research, primary interviews, and in-house expert panel reviews. In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the smart classroom market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research, is again discussed and examined by our expert panel. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding purposes. Secondary research also includes a study of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Global Smart Classroom Market: Competitive Dynamics
Major strategies adopted by smart classroom solution providers include strategic acquisitions and partnerships. During the forecast period, it is estimated that established players in the market would either get merged into large enterprises or would give tough competition to emerging players in the market. It is estimated that large smart classroom solution providers would acquire regional players to improve their distribution networks in the domestic as well as international markets. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Market Segmentation: Global Smart Classroom Market
- Interactive Whiteboards/ Flat Panel
- Digital Displays
- Smart Projectors
- Ultra Short Throw
- Short throw
- Standard Throw
- Others (Video Conferencing Hardware)
- Learning Management Software
- Student Response Software
- Classroom Management and Assessment Software
- Distance Learning Solutions
- Others (Video Conferencing Solutions)
- Implementation & Integration
- Operation & Maintenance
- Early Education
- K-12 Education
- Higher Education
- Language Education
- Vocational Education
In addition, the report provides analysis of the Smart Classroommarket with respect to the following geographic segments:
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America