Smart Classroom Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Albany, NY -- (SBWIRE) -- 12/24/2018 -- 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.
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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. 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.
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.
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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.