India Smart Classroom Market Size By Component, By End User, By Application and By Region ; Trend Analysis, Market Competition Scenario & Outlook, 2016-2026.
India Smart Classroom Market Size By Component (Hardware, Software, Services), By End User (K-12 and Higher Education), By Application (Education and Training) and By Region (North India, East India, South India and West India); Trend Analysis, Market Competition Scenario & Outlook, 2016-2026..
According to BlueWeave Consulting, India Smart Classroom Market is expected to reach USD 16,111 Million by 2026, at a CAGR of 4.05%. Smart classrooms are advanced classrooms integrated with learning technology such as audio/visual technologies, networking equipment, assisting listening devices, specialized software, and other computing technologies.
There is strong work in the classrooms promoting significant academic benefits from the use of technology. In addition, there is an opportunity to involve the student more thoroughly, expose them to the technologies used in the workplace, and gain direct input on the classroom experience.
Increasing the application of digital technologies in classrooms for academic activities, enhancing students' experience through usage of technologies in classrooms, increasing momentum for digital learning, and rising demand for mobile learning applications are boosting the growth of the India smart classroom industry.
In response to the challenge of the short-term shutdown of colleges and schools due to COVID-19, various initiatives have been put forward by the central government, state governments, and private players to encourage students to continue with their academics. The government has taken several steps since the lockdown started to ensure the minimal effect of the crisis on education by launching various e-learning portals and mobile apps such as Swayam, e-Pathshala, DIKSHA portal, STEM-based games, etc.
COVID-19 will continue to have an effect for years, if not longer. With the pandemic's impact, turning towards advanced classrooms is no longer a choice, instead of a need of an hour with a big shift from traditional learning to remote teaching with well-equipped tools and technology.
The education sector in India is reinventing and reimagining with penetration of smart classroom systems in the country. Increasing penetration of smart classrooms is limited to private schools, but several government schools have adopted the advanced classroom pattern to run academic classes.
Considering the impact of lockdown in the country with no near scope of reopening of schools and education institutes, EdTech companies may seize the opportunity by filling the gap between the crisis and difficulty inaccessibility of remote learning. Although seeking virtual education in the country at ease will take a leap of few more years considering various factors such as internet accessibility, disposable income, digital literacy, and many others.
The incorporation of digital technology devices increases transparency between students and faculties. Since digital learning includes photographs, maps, pictures, and animated videos, students can get access to interactive learning platforms. For instance, Next Education has created innovative products to make learning and teaching process easy, effective, and engaging with its range of product offerings such as EnglishLab, RoboticsLab, ScienceLab, MathsLab, LearnNext and TeachNext. Adding on BYJU's offer learning programs for students of classes 4-12 (K-12) and competitive exams like GMAT, GRE, IAS, CAT, NEET, and JEE.
When applied to learn through technology, the result is innovative and entertaining. Nevertheless, as per the studies, the constant use of electronic devices can hinder students' problem-solving abilities and impact vision power. Also, the lack of in-human monitoring and tracking of student's progress by teachers impedes the market growth.
India Smart Classroom market is highly competitive & continuously evolving along with the consumer's rising demands and expectations. The leading players are Samsung, Hitachi, Ltd, Panasonic, Ebix Smartclass, Next Education India, Educomp Group, Smart Technologies, Cybernetyx Technik, Extramarks, Globus Infocom, NIIT Technologies, NetDragon Education and other prominent players.
EdTech companies are aggressively making tie-ups with schools in India; for instance, till 2018, Next Education had a customer base of 12,000 private schools intending to increase the customer base in the upcoming years. The company clocked a revenue of $42.94 million in the financial year 2018.
* Financial details in case of unlisted companies will be available as per data availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable