Smart Classroom Market By Type (Hardware, Software), By Application (K-12, Higher Education, Language Education, Vocational Education, Early Education) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growing Technological Advancements to boost the demand for Smart Classroom Market

The smart classroom market worldwide is expected to grow with a CAGR of 18.0% during the forecast period from 2019 to 2027, starting from USD 60 Bn in 2018. Ease of teaching and increased effectiveness are key drivers of the smart classroom market. The modern format of classrooms is assimilated with learning technologies like computers, specialized software, audience response technology, assistive listening, and audio/ visual capabilities. These are also known as smart classrooms and offer a better learning experience. The demand for the smart classroom market has amplified due to the increase in demand for dynamic and interactive learning systems. Therefore, we expect the smart classroom market to grow greatly during the forecast period.

Market Synopsis

The hardware segment will lead the Market

The global smart classroom market was segmented into hardware and software. The hardware segment has the largest share, with around 60% of the market revenue in 2018. The hardware components include an interactive whiteboard, digital display, camera, and bright projector. Increasing demand for interactive whiteboards and digital equipment is driving the growth of the hardware segment. Further, the development of portable products has led to increased sales in the hardware segment. Increased competition among schools and colleges has also fueled the growth of the hardware segment and, thus, the smart classroom market. Thus, we expect the hardware segment to show significant growth during 2019-2027.

North America will Continue its Dominance

In 2018, North America led the smart classroom market. North America contributed over 1/3rd of the market share in the same year. North America has dominance due to an increase in mobile applications, software developments, and demand for facilities for global classrooms. Further, the Asia Pacific is expected to grow significantly during the forecast period. Governments in the developing economies of Asia Pacific shall play a significant role and help in the adoption of policies to support education and bring along a change in traditional methods. As a result, we expect the Asia Pacific region to grow significantly throughout the forecast period.

Some of the prominent players operating in the smart classroom market are Blackboard Inc., Apple Inc., Discovery Communications, Inc., Dell Inc., Knewton, Inc., Dynavox Systems LLC, Cisco Systems Inc., Lenovo Group Ltd., NIIT Technologies Ltd., Saba Software, Inc., IBM corp., Microsoft Corporation and Panasonic Corporation, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The wise classroom market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global smart classroom market based on type, application, and geography.

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