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Smart Classroom Market Is Majorly Driven by Rise in Technological Advancements And Government Initiatives For E-learning Till 2022 | Million Insights(July 12, 2018)
Global Smart Classroom Market is expected to experience brisk growth owing to increase in smart software adaptation in several industries for different verticals. In addition rapid growth in education and learning industry is expected to complement the growth for smart classroom market. Smart class rooms are technology enabled classrooms, which use several software and technique for teaching purpose. This education institutes are equipped with software and hardware to aid the instructors, improve knowledge diffusion across the batch and to enhance knowledge. It is a technology-based platform that is used to convert traditional learning structures to an innovative learning technique. Equipped with multimedia-based arrangements that allow the educator to communicate and demonstrate easily.
The technologies consists educational ERP software and disruptive technologies viz learning content management systems, simulation-based learning hardware, Interactive Whiteboards and Learning Management systems. Educational institute that incorporate smart technique use videos, presentations and interactive modules to facilitate teaching and learning processes.
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Technology equipped teaching system can be implemented in any school across the globe through knowledge centre establishment. This education centre is equipped to provide important content in animation and video form via internet. Smart classrooms major advantage is its adaptability and flexibility in relation to different students with different grasping capabilities.
Technology advancements have increased the innovative hardware production which has further improved the internet connectivity. This advancement is expected to increase the demand for this industry. The education market has witnessed increase in demand for digital learning processes in recent past. The rise in demand for digital learning processes is presumed to enhance the industry growth. Moreover this system has easy to adapt characteristic which is expected to increase the demand in forecast period. Government initiatives for e-learning and digital education implementation across the globe in order to enhance learning and increase literacy rate is expected to drive the smart classroom market growth.
Everyday change in teaching culture requires innovative development according to change. These changes are estimated to hamper industry growth. This industry requires huge funding with lack in required fund source is expected to hinder the demand for this system in near future. Increase in Demand for Technology based teaching system and need for improved online training is an opportunity for the industry vendors to expand in this vertical. Several instructors are not experts and have little experience in smart software usage which is presumed to restrict the industry growth. Due to this the instructors are not able to convey their ideas to the students through this technology. Furthermore lack in knowledge on how to access the software is expected to limit the growth. These factors are expected to restrict these industries development over the forecast period. Spreading awareness about the benefits related to these platforms implementation is expected to be major challenge in this industry.
The market is segmented as Projectors, Printers, Audio Systems, Interactive tables, Interactive whiteboards, Interactive Displays and several others based on educational hardware used. Several type educational system for this market include learning management systems (LMS), learning content development systems (LCDS), assessment systems, classroom management systems, content creation systems, learning content management systems (LCMS), student response systems (SRS), collaboration systems and document management systems. Several enabling technologies used are educational analytics, educational security, educational gaming, educational enterprise resource planning (ERP) and educational dashboard. Based on verticals the market is segmented as nursery level, school level and higher education.
Developed regions such as North America and Europe are the dominant regional markets for this industry. Developing region such as Asia Pacific are the regional markets that are expected to witness huge demand for this system in the forecast period. North America appeared as the maximum revenue contributing regional market due to the constant R&D initiatives along with technological innovation which is leading to the better products development. In addition, with rise in demand for technology based teaching institute this region is presumed to witness industry expansion. Thus this is further expected to boost the regional market growth. Asia Pacific region is expected to grow at a lucrative CAGR over the next six years due to increasing awareness and adaptation pertaining to the advanced smart software based learning. Rise in educational institute and increase in requirement for high literacy rate will further cater to market growth in this region. Rise in government investments for this systems implementation is expected to boost the demand for this industry in the coming years.
Smart classroom market is high cost intensive and requires huge investment for initial setup. Industry participants are investing heavily on research and development to have competitive advantage. Prominent industry participants include IBM Corp., SMART Technologies Inc., AT&T Technologies Inc., Blackboard Inc., Dell Inc., Apple Inc., Microsoft Corp., Adobe, Cisco Systems Inc., Desire2Learn, Discovery Communication Inc., Echo360, Fujitsu Corp., HP, Jenzabar Inc., Lenovo Group Ltd., Toshiba, Knewton, Panasonic, Saba Software Inc., Samsung, Dreambox Learning Inc., Ellucian, Promethean World plc, Udemy and N2N Services.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Classroom in these regions, from 2012 to 2022 (forecast), covering
• United States
• South Korea
Global Smart Classroom market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Smart Technologies
• HCL Learning
• Dalian Neusoft
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Learning products
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/technology
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Classroom for each application, including
• Higher Education
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