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Smart Classroom Market Valuation – 2023 – 2030
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The global Smart Classroom Market size is estimated to reach a market size of USD 119.38 Billion by 2030. The growth is fundamentally attributed to the rising adoption of digital transformation in the educational sector across the globe.
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Increasing integration of mobile learning applications across various educational institutions offers rapid growth opportunities. This factor is projected to enable the market to grow at a CAGR of 8.76% from 2022 to 2030. According to the Market Research analysts, the Smart Classroom Market was valued at around USD 61.13 Billion in 2021, however, the sudden acceptance of e-learning techniques facilitated rapid growth in the Smart Classroom Market.
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Smart Classroom Market Definition/Overview:
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Smart classrooms are advanced teaching spaces equipped with interactive whiteboards/displays, smart speakers/headsets, tablets, and other audio/visual devices to improve the complete learning environment in educational institutions. The concept of introducing images, interactive learning, personalization, easy accessibility, and digital content in the curriculum has comprehensively revolutionized the educational sector all over the world. Some of the advancements including e-learning and smart classrooms gained traction after the occurrence of the COVID-19 pandemic. Additionally, the penetration of artificial intelligence and cloud computing in smart classroom solutions is anticipated to ease the teaching and learning experience, thereby offering rapid growth opportunities.
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Which are the Facets Steering the Sales of Smart Classroom on a Global Platform?
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Governments across the globe are emphasizing backing remote learning, digital learning, and other teaching initiatives to spread awareness regarding the importance of education. Initiatives like these are entitled to bring ease and robustness in the education sector, projecting to spur the implementation of smart classes across the globe.
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For instance, in May 2020, a comprehensive program named PM e-Vidya as a part of Atma Nirbhar Bharat Abhiyan was initiated to unify digital/online/on-air education to allow multi-mode access to education. The program includes unique e-content for visually and hearing-impaired students was developed on Digitally Accessible Information System (DAISY) and sign language on YouTube and NIOS website; CBSE podcast – Shiksha Vani, a radio, and community radio; Swayam Prabha TV channel per class from 1 to 12 (1 channel, 1 class); and DIKSHA, a digital institution offering high-quality e-content for schools in states and UTs along QR coded Energized Textbooks for all grades.
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Thus, the increasing investments in the education sector along with the government initiatives backing digital education is creating immense prospects of growth of the Smart Classroom Market. Also, the rising adoption of mobile and internet technologies is enabling a wide range of use of e-learning solutions. These solutions are proving to be a game-changer in the education sector, driving the sales of smart classroom technologies. In September 2023, on Teachers’ day, CM Yogi introduced smart classes in 18,381 selective council upper primary schools and Kasturba Gandhi Girls Schools. He also launched 880 ICT labs and distributed around 2.09 lakh tablets to teachers. The primary goal of the UP government is to spread awareness regarding cyber/digital education to make students and teachers smart. All these efforts of the government are likely to revolutionize classroom teaching in the coming years.
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Additionally, the rise in the adoption of the internet is projected to shoot up the number of smartphone users, thereby increasing the adoption of mobile in the education sector. The compactness, compatibility, feasibility, and durability of smartphones is enhancing the use of mobile learning in the classrooms. Thereby, enabling the smart classroom to gain traction in the coming years. Furthermore, integration of advanced technologies such as artificial intelligence, machine learning, cloud computing, the internet of things, and blockchain enables in personalizing learning experiences, interactive experiences, connecting smart devices, data-driven decision-making, and real-time data sharing. These solutions provide accessibility, scalability, and affordability, thereby creating substantial growth in the tractions of smart classroom solutions over the forecast period.
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How will the Smart Classroom Market Respond to the High Pricing of Advanced and Interactive Learning and Teaching Solutions?
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The introduction of the latest technologies, such as tablets, smartphones, interactive whiteboards, and others, integrated with artificial intelligence, machine learning, cloud computing, and the Internet of Things in the smart classroom is projected to increase the cost. Thus, shooting costs of these technologies is projected to drop the sales rate of smart classroom technologies over the forecast period.
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Lack of financial support and awareness about smart solutions among the education institutions present in emerging or underdeveloped countries is inhibiting the implementation of these smart classroom technologies.
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Moreover, the requirement of highly educated and skilled professionals, especially teachers, to operate and teach when using advanced smart classroom products is another factor reducing the acceptance of these solutions.
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Category-wise Acumens
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Which Component is Anticipated to Exhibit Highest Growth Over the Forecast Period?
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As per the expertise, hardware segment is projected to grow at a substantial rate during the forecast period. The growth is attributed to the increasing requirement to provide practical knowledge instead of just theoretical knowledge through the implementation of smart technologies such as smart headphones, interactive displays, and other smart classroom solutions. This effort is projected to amplify the adoption of smart classrooms in diverse regions in the next few years.
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For instance, in February 2022, Creative Labs decided to distribute virtual reality headphones to Smt. Godavari Devi Saraf Senior Secondary School in Andhra Pradesh, India to promote interactive learning in the school. The school provides the students with VR headsets for 20 minutes daily to enable exposure to immersive experiences when studying.
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After the hardware, the solutions segment is projected to dominate the global Smart Classroom Market owing to the easy adoption of smart classroom solutions to transform the entire teaching and learning processes in the school.
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For example, Extramarks introduced the industry’s first smart school solution to bring about a complete transformation in schooling in India. The Smart Class Plus solution is a platform specially designed to transform conventional teaching and learning processes in classrooms and beyond. It is an all-in-one solution that offers schools interactive learning features, novel NEP-ready content, intuitive assessment tools, and efficient classroom management.
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Will Demand for More Data Storage Fuel the Cloud Segment?
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With a growing focus on digital learning and remote learning, IT companies are working on developing cloud-based software for storing large volumes of data to enable efficiency and convenience in teaching and learning processes. Such emphasis on advanced learning techniques is projected to generate enormous amounts of information, thereby surging the demand for cloud-based solutions.
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In addition to this, the possibility of sharing large files, robust data security, flexible storage, and easy-to-use standards are the primary factors fueling the demand for cloud solutions over the forecast period.
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All these features if cloud solutions are anticipated to help the segment acquire the majority of the share in the Smart Classroom Market.
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Country/Region-wise Acumens
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Will the U.S. Hold the Centerstage for Revenue of the North American Smart Classroom Market?
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Over the forecast period, the U.S. is estimated to account for a maximum share in the Smart Classroom Market in North America. Increasing preferences of the consumers as well as the government in investing in the research and development activities of smart classroom solutions is projected to open new doors and opportunities for the Smart Classroom Market.
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The presence of educational platforms like Class Technologies Inc. in the U.S. enables in extending and supporting the advancements in North America. Therefore, such assistance to the educational institutions is projected to enhance the demand for smart classrooms in the coming period.
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Furthermore, the penetration of advanced technologies including machine learning, artificial intelligence, and Internet of things (IoT) in the education system is a valuable effort to boost the acceptance of e-learning resources, which leads to fuel the growth of the Smart Classroom Market.
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How will Prioritize Interactive Learning in Emerging Countries Bolster Smart Classroom Market in Asia Pacific?
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According to Market Research analysts, Asia Pacific is anticipated to grow at a significant pace owing to the growing demand for smart classrooms to meet the educational needs of emerging countries.
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In addition to that, government support, funding, and initiatives create more awareness about e-learning, smart classroom, and other advanced solutions educate the ever-growing population in developing countries like India, Japan, South Krea, and China.
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The growing popularity of mobile learning is another factor bolstering the growth of Smart Classroom Market in the region. The increasing use of internet is facilitating the acceptance of mobile learning across Asia Pacific.
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Global Smart Classroom Market: Segmentation Analysis
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The Global Smart Classroom Market is segmented on the basis of Application, End-User, And Geography.
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Smart Classroom Market, By Application
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- Educational Enterprise Resource Planning
- Educational Dashboard
- Educational Analytics
- Educational Security
- Others
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Based on Application, the market is segmented into Educational Enterprise Resource Planning, Educational Dashboard, Educational Analytics, Educational Security, and Others. In the global Smart Classroom Market, the educational analytics segment accounted for the highest revenue share, and it is expected to continue growing fast during the forecast period. This expansion can be attributed to employing a learning management system to construct, control, and track classrooms that can be accessed remotely using any web browser.
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Smart Classroom Market, By End-User
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- Kindergarten
- K-12
- Higher Education
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Based on End-User, the market is segmented into kindergarten, K-12, and Higher Education. Due to increased smart classroom software solutions by schools to conduct online classes due to COVID -19 pandemic and restrictions, the K-12 segment accounts for the greatest share.
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Smart Classroom Market, By Geography
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- North America
- Europe
- Asia Pacific
- Rest of the world
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The Global Smart Classroom Market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American Market is generating the most revenue and rapidly growing as universities and institutions employ technological upgrade solutions to provide meaningful training to their students. In Asia Pacific is expected to grow rapid pace during the forecast period.
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Key Players
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The “Global Smart Classroom Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Toshiba, Fujitsu, Apple, Dell, Panasonic, Microsoft, Samsung, Hewlett Packard Enterprise Development, Cisco Systems, International Business Machines, Discovery Communications, Dynavox Mayer-Johnson, Huawei Technologies Co., 2U INC, Oracle, Promethean, Blackboard, Inc., SAP SE, Cornerstone OnDemand, Amazon, Inc., Ellucian, Anthology, Google, Inc., SMART Technologies, John Wiley & Sons, Inc., Jenzabar, Inc., Lenovo, Adobe, AT&T Intellectual Property, Echo360, HP Development Company, D2L Corporation.
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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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Key Developments
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- In January 2022, Teachmint Technologies Pvt. Ltd brought MyClassCampus, an ERP platform for educational enterprises. The amalgamation of learning management systems (LMS) and ERP software will help Teachmint increase its offerings in schools and other educational institutions.
- In May 2022, Dukkantek, a store management platform provider signed a partnership agreement with a UAE-based Qureos, an education platform provider to create growth opportunities across the entire Gulf Corporation Council (GCC).
- In April 2022, Instructure Holdings completed the acquisition of its partner Concentric Sky, the Badgr maker. The default micro-credentialing tool of Canvas LMS will be rebranded as Canvas Badges after the joining of the Instructure Learning Platform. The Canvas LMS users can upgrade to Badger Pro, which has the latest collection of tools present in the Canvas credentials to offer unlimited badging, personalized leaderboards, pathway progress visualization, and analytics. The plan is to build a teaching and learning platform for lifelong learning.
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Report Scope
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| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2018-2030 _x000D_ |
| BASE YEAR |
2021 _x000D_ |
| FORECAST PERIOD |
2022-2030 _x000D_ |
| HISTORICAL PERIOD |
2018-2020 _x000D_ |
| UNIT |
Value (USD Billion) _x000D_ |
| KEY COMPANIES PROFILED |
Toshiba, Fujitsu, Apple, Dell, Panasonic, Microsoft, Samsung, Hewlett Packard Enterprise Development, Cisco Systems, International Business Machines, etc. _x000D_ |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. _x000D_ |
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