According to a new market report published by Transparency Market Research, the global smart classroom market was valued at US$ 49,173.1 Mn in 2016 and is expected to expand at a CAGR of 8.5% from 2018 to 2026, reaching US$ 109,660.3 Mn by the end of the forecast period. According to the report, the global smart classroom market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of about 9.0% throughout the forecast period.
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Surge in Student Mobility Driving the Market
The global smart classroom market is majorly driven due to
rising student mobility globally, which refers to the rate of students that
leave their home countries to pursue education in other countries. This trend
is majorly seen in Asia Pacific. According to the Organisation for Economic
Cooperation and Development (OECD), more than 5 million students left their
home countries in pursuit of higher education in 2015. In 2016, Malaysia had
about 172,886 international students studying in higher education institutions,
international and private schools, and other language centers. The Government
of Malaysia has announced plans to attract about 250,000 international students
under its initiative Malaysia Education Blueprint 2015-2025 (Higher Education)
by 2025. The Philippines follows a similar trend. Enrolment of foreign students
in the education system in the Philippines has been increasing steadily.
According to the Bureau of Immigration statistics, around 7700 international
students were studying in the country in 2011. The number increased to 26,000
in 2013, 61,000 in 2014, and to 210,000 in 2016. Rise in inbound mobility
is helping economies gauge the right talent to improve economic development.
Thus, education institutions are encouraged to adopt smart school solutions to
enhance education offerings and attract international students, thus boosting
the smart classroom market.
Smart Classroom Market: Scope of the Report
The smart classroom market is 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.
In terms of region, North America is expected to have the
dominant share in the smart classroom market over the forecast period due to
extensive investment done by regional governments and prominent players across
the region undertakingtechnological development in the education industry.
Europe is the second largest shareholder in the global smart classroom market.
Constant rise in number of educational institutes in the region is expected to
drive the market. Furthermore, presence of leading players in the region is
also one of the factors driving the market in Europe.The market in Asia Pacific
is expected to grow with the highest CAGR during the forecast period. This is
majorly due to rising number of enrollments in the developing countries of this
region. Increasing student enrollments is compelling educational institutes to
undertake smart learning solutions to provide better educational facilities,
thus driving the smart classroom market in the region.
Global Smart ClassroomMarket: Competitive Dynamics
Partnership and acquisitions are some of the prominent
strategies adopted by smart classroom players in order to sustain in the market
or strengthen their presence. Companies are also focusing on providing
customized solutions to customers at unique pricing. Furthermore, the players
are concentrating on signing long term contracts with educational institutes
which would help them to generate continuous revenue from the customers over the
years. Some of the key players operating in the smart classroom market are
Samsung Electronics Co. Ltd, Microsoft Corporation, Dell Inc., Fujitsu Ltd, IBM
Corporation, and others.
The smart classroom market has been segmented as below:
Market Segmentation: Global Smart Classroom Market
By Component
- Hardware
- Interactive
Whiteboards
- Digital
Displays
- Smart
Projectors
- Ultra
Short Throw
- Short
throw
- Standard
Throw
- Others
(Video Conferencing Hardware)
- Codec
- Microphone
- Camera
- Software
- Learning
Management Software
- Student
Response Software
- Classroom
Management and Assessment Software
- Distance
Learning Solutions
- Others
(Video Conferencing Solutions)
- Services
- Managed/Outsourced
- Professional
- Consulting
- Implementation
& Integration
- Operation
& Maintenance
By End-use
- Early
Education
- K-12
Education
- Higher
Education
- Language
Education
- Vocational
Education
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