Press release
Smart Classroom Market - The Biggest Trends to Watch out for 2017-2022
The global smart classroom market has exhibited steady growth in recent years due to the growing use of advanced technology in the education sector and the rising support for the same from governments and consumers alike. The smart classroom market has been the beneficiary of several technological advancements taking place in otherwise unrelated sectors, such as projectors and interactive whiteboards, which use advanced touchscreen technology to facilitate better interaction with students. The significant educational aid provided by such technological advances is likely to enable steady growth of the smart classroom market in the coming years.The report provides readers with a comprehensive look at the global smart classroom market by analyzing the market’s historical growth trajectory to derive solid projections regarding the growth prospects of the smart classroom market over the 2017-2022 forecast period. According to Transparency Market Research, the global smart classroom market is likely to rise to a valuation of US$78.1 bn by the end of 2022. The smart classroom market is expected to reach a valuation of US$50.5 bn by the end of 2017 and is likely to exhibit a strong 9.1% CAGR over the 2017-2022 forecast period.
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Projectors Likely to Dominate Demand from Global Smart Classroom Market
By component, the report segments the global smart classroom market into interactive whiteboards and displays, projectors, learning management software, student response software, classroom management and assessment software, and support services. Of these, projectors are likely to dominate demand from the global smart classroom market over the 2017-2022 forecast period due to their widespread use in the educational sector and their undisputed benefits in a wide range of educational applications. The projectors segment of the global smart classroom market was valued at US$14.9 bn in 2017, accounting for 29.6% of the global smart classroom market. Exhibiting a 6.7% CAGR over the 2017-2022 forecast period, the projectors segment is likely to rise to a valuation of US$20.7 bn by the end of 2022.
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North America Set to Remain Most Attractive Regional Market for Smart Classroom Technology
Geographically, North America is the leading contributor to the global smart classroom market. The regional smart classroom market is likely to be valued at more than US$13.8 bn by the end of 2017 and further rise to US$21.2 bn over the 2017-2022 forecast period. The North America smart classroom market’s 8.9% CAGR between 2017 and 2022 is bested only by Asia Pacific except Japan and will enable steady dominance of North America in the global smart classroom market. The widespread availability of advanced educational technology and the presence of several leading players in the tech sector has enabled steady growth of the smart classroom market in North America in recent years.
Asia Pacific except Japan to Exhibit Highest 9.8% CAGR
Apart from North America, Europe is also likely to remain a leading contributor to the global smart classroom market in the coming years. North America and Europe both account for more than 27% of the revenue of the global smart classroom market and are likely to remain key markets for smart classroom market players. On the other hand, the APEJ smart classroom market is likely to exhibit a robust 9.8% CAGR over the 2017-2022 forecast period, reaching a valuation of close to US$14.5 bn by the end of 2022.
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.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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