Smart Classroom Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[229+ Pages Report] According to Facts and Factors, the global smart classroom market size was valued at USD 61.71 billion in 2022 and is predicted to surpass USD 132.18 billion by the end of 2030. The smart classroom industry is expected to grow by a CAGR of 9.99%.

Market Overview

A smart classroom refers to an advanced learning environment that integrates digital technology to improve the learning experience and teaching practices. It includes the usage of technological solutions and tools to offer collaborative, interactive, and more dynamic educational settings. The major purpose of the smart classroom is to leverage technology to improve engagement and facilitate an e-learning environment.

Key Insights

• As per the analysis shared by our research analyst, the global smart classroom market size is estimated to grow annually at a CAGR of around 9.99% over the forecast period (2023-2030).
• In terms of revenue, the global smart classroom market size was valued at around USD 61.71 billion in 2022 and is projected to reach USD 132.18 billion by 2030.
• Rising education spending is driving the growth of the global smart classroom market.
• Based on the end-users, the K12 education segment is growing at a high rate and is projected to dominate the global market.
• Based on the components, the hardware segment is projected to swipe the largest market share.
• Based on region, North America is expected to dominate the global market during the forecast period.

Growth Drivers

• Rising education spending is driving the growth of the global market.

The growing educational spending is helping educational institutes to invest in replacing their legacy infrastructure with modern and technologically integrated educational infrastructure. Such initiatives are leading to the integration of advanced technology into the classroom and facilitating the implementation of the smart classroom solution.

Also, the high educational budgets enable the institutions to purchase advanced hardware and components like tablets, projectors, and interactive displays to facilitate e-learning environments in the facility.

Furthermore, the ongoing advancements in technologies like artificial intelligence, virtual reality, augmented reality, and the Internet of Things contribute towards the innovation of sophisticated and advanced interactive smart classroom solutions. Such a landscape is likely to drive the growth of the global smart classroom market.

For instance, Techmint Technologies Pvt. Ltd took over MyClassCampus in January 2022. The former is an e-learning company for students and teachers, and the latter is an ERP platform for educational enterprises. The merger is aimed to extend its offering in schools and other educational institutions.

Restraints

• Cost constraints are likely to hinder the growth of the global market.

Implementation of smart classroom technologies involves higher upfront costs for infrastructure upgrades, software, and advanced hardware. Institutes with limited budgets find it difficult to set up an e-learning environment with sophisticated devices and gadgets. Therefore, it is expected to slow down the growth of the global smart classroom market.

Opportunities

• Emergence of remote and hybrid learning trends is likely to foster growth opportunities in the global market.

There is a global shift towards remote and hybrid learning models because of the COVID-19 pandemic. This trend is likely to foster the adoption of smart classroom technologies to facilitate distant and flexible learning solutions. Furthermore, the globalization of education is another major factor likely to widen the scope of the smart classroom industry.

For instance, Huawei Technologies Co., Ltd. revealed the launch of smart classroom solutions that work to collaborate with the HUAWEI IdeaHub Board and other educational platforms. The initiative is to adopt online education, remote teaching, and live streaming.

Challenges

• Lack of digital literacy is a big challenge in the global market.

Lack of digital literacy among educators and administrators is a big challenge in the global market. Furthermore, infrastructure challenges like inadequate technology framework, including lack of internet connectivity and insufficient power supply, further impede the implementation of smart classrooms globally.

Segmentation Analysis

The global smart classroom market can be segmented into end-users, components, and regions.

By end-user, the market can be segmented into early education, K12 education, higher education, language education, and vocational education. The K12 education segment is poised to witness huge developments in the smart classroom industry. The K12 education refers to the system of education that covers kindergarten to 12 grades. It covers the entire span of a child's primary to secondary education. The segment is leading the market because of the increasing focus on technology in education.

All the educational institutes at the K12 level are realizing the importance of combining technology into the learning environment. The smart classrooms offer engaging and interactive tools to improve the overall learning experience for the students. The K12 schools are implementing digital learning practices to deliver content, multimedia experiences, and interactive lessons through smart classrooms.

Furthermore, the increasing funding from the government and other educational authorities all across the globe is further fostering developments in the segment. The continuous initiatives to improve the quality of education are driving high demand for educational technology, like smart classrooms.

Also, a significant shift towards e-learning platforms and online education resources has significantly boosted the demand for smart classroom technologies in K12 settings. Smart classrooms also offer a well-established infrastructure for delivering digital content and extending the facility of remote learning.

By component, the market can be segmented into hardware and software. The hardware segment can further bifurcate into interactive tables, interactive whiteboards & displays, projectors, and hardware. The software segment can also be bifurcated into student response software, classroom and assessment management, and learning management software.

The hardware segment accounts for the largest share of the global smart classroom market. The emergence of smart classrooms is propelling the requirement for the installation of hardware components like tablets, displays, projectors, whiteboards, and audiovisual equipment to facilitate the digital learning environment for the students.

The educational institutes are making investments in technology-enabled learning, thereby driving the high demand for hardware elements in the market. The interactive displays like the projector and whiteboard are crucial elements of the smart classrooms. They allow teachers to deliver interactive and dynamic lessons in the classrooms.

Therefore, the demand for interactive displays is expected to foster developments in the segment. The high adoption rate of digital devices like laptops and tablets in the smart classroom is also propelling the demand in the market. These devices encourage an interactive and personalized learning experience.

Establishing a smart classroom involves implementing robust network infrastructure to support the communication and connectivity between the different devices. The networking hardware includes devices like access points and routers that fall under the hardware segment, thereby leading the segment to swipe a larger revenue in the market.

Report Scope

Regional Analysis

• North America to dominate the global market.

North America accounts for the largest share of the global smart classroom market. The region is leading the market because of the presence of advanced technological infrastructure, which facilitates the easy implementation of smart classroom technologies.

Canada and the United States, being the leading contributors in the region, boast the market growth rate by novel techniques, increased mobile data adoption rate, strong government support, and low prices of e-learning resources. Education institutes in the region are investing heavily in cutting-edge educational technologies like smart classroom solutions at K12 and higher education level schools.

Also, the educational policies in the region focus on integrating technology into the learning environment, thereby encouraging colleges and schools to adopt smart learning solutions at a low price. The region is home to advanced research and development activities in the space of educational technology, and this fosters the creation of innovative solutions that will drive the growth of the regional market in the coming years.

Asia Pacific is expected to experience a high growth rate in the smart classroom industry because of the fast expansion of smart classroom technologies in the region. Several countries in the region are embracing smart education technology to improve the quality of education. Leading educational institutes and governments are investing heavily in smart classroom solutions to enhance learning outcomes. The reason is that we are witnessing fast-growing technological advancements with a strong focus on integrating advanced technology into the education sector.

However, the increasing availability and accessibility of high-speed internet is further facilitating online learning, collaboration, and content delivery to the students, which in turn will positively impact the growth trajectory of the regional market.

For instance, Blackboard Inc. said it would adopt edtech software and services for Navajo Technical University (NTU) in February 2020. For instance, Blackboard Inc. said it would adopt edtech software and services for Navajo Technical University (NTU) in February 2020.

Competitive Analysis

The key players in the global smart classroom market include:

• Google LLC
• Microsoft Corporation
• Apple Inc.
• Samsung Electronics Co. Ltd
• Blackboard Inc.
• Cisco Systems Inc.
• SMART Technologies Inc.
• Promethean World Ltd
• Panasonic Corporation
• Epson Corporation
• Dell Technologies Inc
• Lenovo Group Limited
• Huawei Technologies Co.
• Discovery Communications

For instance, SAP SE launched the SAP Learning Hub in May 2021. It is a free learning resource for both teachers and students.

The global smart classroom market is segmented as follows:

By End-Users Segment Analysis

• Early Education
• K12 Education
• Higher Education
• Language Education
• Vocational Education

By Components Segment Analysis

• Hardware
• Software

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America