ALBANY, New York, October 26, 2017 /PRNewswire/ --
The global smart classroom market has exhibited rapid growth in recent years and is likely to continue on a steady growth trajectory over the 2017-2022 forecast period, boosted by the growing participation from the education sector and government support in several regions across the world. The global smart classroom market is analyzed in detail in the report to reveal key pointers about the growth trajectory of the market over the forecast period. Projectors are likely to be the dominant component type in the global smart classroom market over the 2017-2022 forecast period due to their widespread use in a variety of educational institutions. The global smart classroom market is thus likely to remain a highly lucrative playing field for players in the tech sector looking to capitalize on the rising demand from the education industry for advanced technology to enable better and more comprehensive impartation of knowledge at every level of education.
According to Transparency Market Research, the global smart classroom market is likely to exhibit a strong 9.1% CAGR over the 2017-2022 forecast period. The smart classroom market's valuation is expected to rise from US$50.5 bn in 2017 to US$78.1 bn by the end of 2022.
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Here are the key insights into the growth prospects of the global smart classroom market:
Growing participation of the education sector in the expansion of smart classrooms is the prime driver for the global smart classroom market. Education sector agencies have become more aware of the advantages imparted by smart classroom technology, while the steady advancement of educational technology has aided the education sector's push for widespread adoption of technological advancements in the smart classroom sector. The steady development of dynamic interactive learning systems is thus likely to be the key to the global smart classroom market's growth over the 2017-2022 forecast period. The smart classroom market is also likely to benefit from the increasing interest among software and computing majors in expanding in the education sector in the coming years.
Increased usage of smart software is thus likely to dominate the development trajectory of the global smart classroom market in the coming years. Smart software has enabled multifaceted expansion of educational technology in a variety of educational institutions. The smart classroom market has thus benefited from the increasing focus in the education sector on comprehensive education and education methods targeted at every individual rather than the class as a whole, as smart software provides significant advantages in this area.
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On the other hand, the lack of advanced IT infrastructure in emerging countries has held back the global smart classroom market. The smart classroom market has become a mature market in many countries in developed Western regions such as North America and Europe due to the easy availability of leading companies in the tech sector eager to establish a hand in the education sector and steady support from governments in a number of countries. However, the growth of the smart classroom market in regions such as the Middle East, Africa, Latin America, and Asia Pacific has been hampered by the absence of the advanced IT infrastructure required to support large-scale use of modern educational technology.
Global Smart Classroom Market: Competitive Dynamics
Leading players in the global smart classroom market include Microsoft Corporation, Dell Inc., Apple Inc., Fujitsu Ltd., Cisco Systems Inc., IBM Corp., HP, Toshiba Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd.
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SOURCE Transparency Market Research