The global smart classrooms market has surfaced as fragmented and highly competitive, notes a new study by Transparency Market Research (TMR). The degree of competition in this market is likely to remain high, as there in no slowing down in the entry-rate of new players over the next few years.

“The increasing participation of the education sector in the development of smart classrooms is the main factor driving the global market for smart classrooms,” says a TMR analyst. The significant rise in the penetration of the Internet, especially in emerging economies, is boosting the uptake of smart classrooms across the world, resulting in the significant growth of this market.

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Over the coming years, technological advancements are expected to drive the growth of this market substantially. The considerable increase in research and development activities is also projected to propel this market in the years to come, reports the study.

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According to the estimations of TMR analysts, the overall valuation of the global market for smart classrooms is likely to rise at an exceptional CAGR of 9.10% over the period of 2017–2022, with its opportunity increasing from US$50.50 bn by 2017 end to US$78.1 bn by the end of the period of forecast.