The
global
smart classroom market
is currently in a nascent stage and is poised to rise impressively in
the next couple of years. This coupled with reduced entry barriers
because of the lesser amount of initial capital required, has drawn
many new players into the domain of e-learning market. As a result,
the global smart classroom market is both fragmented and competitive.
Going forward, the competition in the global smart classroom market
is predicted to rise even further with players foraying into the
e-learning space.
Meanwhile, some of the companies that have managed
to gain a stronghold in such a cutthroat e-learning market are IBM
Corp., Microsoft Corp., Apple Inc., Fujitsu Ltd., Panasonic Corp.,
Dell Inc., and Cisco Systems Inc.
As per Transparency Market Research, the global
smart classroom market would likely rise at a robust CAGR of 9.1%
over the course of the forecast period starting from 2017 and ending
in 2022. At this pace, the market which was valued at US$50.5 bn by
2017-end would reach a value of US$78.1 bn by 2022-end.
Depending
upon components, the global smart classroom market has been
classified into projectors, interactive whiteboards and displays,
student repose software, learning management software, support
services, and classroom management and assessment software. Among
these, the projectors are currently seeing most of the demand in the
market owing to their usage in wide-ranging educational applications.
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The TMR
report projects the projectors segment in the global e-learning
market to attain a value of US$20.7 bn by the end of 2022. From a
geographical standpoint, the report finds that North America is the
leading region in the global smart classroom market. The market in
the region is predicted to rise at 8.9% CAGR between 2017 and 2022 to
retain its dominant position in the near future as well.
Thrust on Novel Teaching Methods Results
in Demand
At the forefront of driving the global smart
classroom market is the increasing thrust on developing novel methods
to teach more effectively. Besides, the continued thrust on further
improving the underpinning technologies and components is also
positively influencing the global e-learning market. Apart from that,
the developing internet network, especially in emerging economies is
also having a positive impact on the market. Adds the lead analyst of
the report, “The growing number of mobile learning applications and
rising inclination towards digital learning is mainly fueling the
education technology and smart classroom market worldwide.”
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