Smart Education and Learning Market to Garner USD 833.48
New York, US, June 24, 2022 (GLOBE NEWSWIRE) – According to a comprehensive research report by Market Research Future (MRFR), “Smart Education and Learning MarketBy Software (Assessment Services Adaptive Learning Platform), By Hardware (Student Response System), By Service (Professional Services), By Application (Professional Services) – Forecast 2030 ”To Touch USD 833.48 Billion At A 19.6% CAGR By 2030.
Smart Education & Learning Market Overview
The Increasing adoption of e-learning techniques to organize corporate organizations into effective training programs will boost employees’ smart education & learning market growth over the forecast period.
Opportunities
Offer Robust Opportunities to Multiple Benefits
Smart learning has seen a huge growth in its adoption and its multiple benefits such as improved focus on learners and convenience over the forecast period. Besides, this has empowered teachers and students to enhance their productivity and efficiency.
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Report Scope:
| Report Attribute / Metric | Details |
| Market size | USD 833.48 Billion 2030. |
| CAGR | CAGR of 19.60% |
| Base Year | 2020 |
| Forecast Period | 2021-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Software, By Hardware, Services, Application |
| Covered by Geographies | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | McGraw-Hill Education (US) NIIT Limited (India) Pearson Plc. (the UK) Desire2Learn (Canada) SumTotal System, Inc. (US) Blackboard (US) Promethean Inc. (UK) Educomp (India) Adobe Systems Inc. (US) Smart Technologies (Canada) Ellucian Company LP (US) Cisco Systems Inc. (US) Tata Interactive Systems (India) Saba Software Inc. (US) |
| Key Market Opportunities | These are smart education and learning market opportunities that will help grow the market even more in the coming years. |
| Key Market Drivers | Connectivity of the devices is one of the major drivers of the smart education and learning market. |
Restraints
Market Restraint as High Infrastructure Cost to Action
The Forecast Period over Market Restraints as instructors and teachers may apply for high-cost infrastructure and technical training.
Challenges
Market Challenge as Act of Lack of Awareness
The forecast period of a market challenge over the lack of awareness may act.
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Smart Education & Learning Market Segmentation
The smart education & learning market is bifurcated based on deployment, application, service, hardware, software, and organization size.
By software, the smart education & learning market is segmented into learning management system (LMS), learning content management system, adaptive learning platform, assessment services and others.
Based hardware, the smart education and learning market is segmented into interactive white boards (WBS), interactive displays, interactive tables, and student response systems.
By service, the smart education & learning market is segmented into managed services and professional services.
Based on application, the smart education & learning market is segmented into government enterprise / business education, NGOs and association, professional services, healthcare, smart education.
By deployment, the smart education & learning market is segmented into cloud and on-premise.
By organization size, the smart education & learning market is segmented into SMEs and large organization.
Smart Education & Learning Market COVID-19 Analysis
The latest coronavirus outbreak has sparked fear all around the world. The disease’s rapid growth has spurred governments to focus on globally focused strategies, including social distancing techniques, to prevent further spread of the virus. Platforms like smart learning & education turn indispensable in such situations. As more and more people find themselves with little choice but to stay home, online platforms are becoming increasingly popular. During the COVID-19 pandemic, the existence of multiple large-scale vendors will have a significant impact on overall market growth.
Smart Education & Learning Market Key Players
The global smart education and learning market report includes profiled eminent market players,
- McGraw-Hill Education (US)
- NIIT Limited (India)
- Pearson Plc. (UK) Desire2Learn (Canada)
- SumTotal System Inc. (US)
- Blackboard (US)
- Promethean Inc. (UK)
- Educomp (India)
- Adobe Systems Inc. (US)
- Smart Technologies (Canada)
- Ellucian Company LP (US)
- Cisco Systems Inc. (US).
Smart Education & Learning Market Regional Analysis
North America to Rule Smart Education and Learning Market
North America is the industry leader in smart education and learning, with the largest market share. The market in this region is the technological advancements to developing owing to the United States. According to a study, the United States has already made significant contributions to smart learning ecosystems. Smart learning goods and services are becoming more and more widely available throughout the region. This region features massive smart learning businesses, which is a great way to grow. The adoption of mobile phones, tablets, and laptops is new heights to the region in the propelling market. Through increased Ed-tech operations across the United States, the region is dominating industry growth.
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According to numerous research, the United States has already established itself as an important player in the online and e-learning ecosystem. Over the last few years, e-learning services and products have exploded across North America. The widespread usage of mobile devices such as computers, cellphones, and tablets is the area of remote learning for driving need. The existence of a significant number of e-learning enterprises in North America boosts the value of the smart education market. In the following years, North America is the lead to take. The presence of multiple multinational corporations will have a significant impact on the area’s market growth.
The growing popularity and usage of online platforms and home schooling, in the United States, will help the regional market flourish. Because of the availability of the infrastructure and the growing acceptance of technology in educational institutions, North America has a significant proportion of the global smart education & learning market. Because of the existence of well-established ICT solutions and large consumer bases in the region, North America holds the maximum share of the market.
APAC to Have Favorable Growth in Smart Education and Learning Market
Asia Pacific is fast becoming the most important emerging market for smart learning. China and Australia have already made significant contributions to smart education & learning platforms that have improved student learning outcomes. The smart education sector is growing in Australia, which is the second-largest Ed-tech start-up community in the world. Governments in countries like Japan, India, Malaysia, and others in Asia are encouraging the use of online learning methods. The Indian government is promoting e-learning through a variety of educational initiatives, such as the e-pathshala, Shagun Portal, National Digital Library (NDL), Swayam Prabha, and the National Repository of Open Educational Resources (NROER), among others. Due to expanding educational infrastructure, Asia-Pacific is expected to have the highest CAGR during the forecast period.
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Asia-Pacific is the fastest, and it is likely to continue to develop smart education & learning for the market. China and Australia are already significant players in the smart education & learning business, and they want to improve student learning outcomes. Smart learning approaches are being adopted in countries like Japan, India, and other Asian countries. The Indian government is promoting e-learning programs and bolstering the region’s smart education & learning sector. The market is likely to grow in the coming years. Smart Learning Solutions are a growing digital infrastructure for government actions. This region also owns the largest student population, and demand for eLearning and online education as technology advances. APAC countries include Australia & New Zealand (ANZ), China, Japan, Singapore, & India.
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