Smart Education and Learning Market Analysis Size, Growth, Statistics, Competitor Landscape, Company Profiles and Business Trends | COVID-19 Effects
Market Highlights
The smart education and learning market is anticipated to contact USD 952 billion at a 26% CAGR between 2017-2023 states the new Market Research Future (MRFR) investigation. Smart education and learning, basically, is an electronic method for education and learning through the assistance of programming innovations like learning applications, cloud stages, and others. It has wide applications in medical care, proficient administrations, NGOs and affiliation, endeavor/business education, and government.
Different elements are moving the global smart education and learning market share. According to the current MRFR report, such factors incorporate the expanding utilization of e-learning strategies by corporate associations for getting sorted out viable preparation programs for their workers, developing interest for intuitive learning procedures like gamification and portable educational applications, reception of distance learning and education because of the COVID-19 episode, developing utilization of AI and man-made reasoning, reception of eLearning arrangements, and expansion of associated gadgets in the education area. Extra factors adding market growth incorporate the expanded coordinated effort between educational substance suppliers and equipment merchants, mechanical advances, and boundless government drives.
Running against the norm, protection and security concerns, shortage of foundation and assets, and lack of ability and information among end clients are factors that might restrict the global smart education and learning market growth over the forecast period.
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Segmentation:
The MRFR report provides an inclusive segmental analysis of the smart education and learning market based on organization size, deployment, application, service, hardware, and software.
By software, the global smart education and learning market is segmented into assessment services, adaptive learning platform, learning content management system, learning management system, and others.
By hardware, the global smart education and learning market is segmented into student response systems, interactive tables, interactive displays, and interactive white boards.
By service, the global smart education and learning market is segmented into professional services and managed services.
By application, the global smart education and learning market is segmented into healthcare, professional services, NGOs and association, enterprise/business education, and government.
By deployment, the global smart education and learning market is segmented into on-premise and cloud.
By organization size, the global smart education and learning market is segmented into a large organization and small & medium organization.
Regional Analysis
Based on region, the global smart education and learning market report covers the recent trends and growth opportunities across the Americas, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, the Americas will dominate the market over the forecast period. Presence of a large customer base & well-established ICT solution providers, and adoption of innovative technologies like personalized literacy programs, gamification, microlearning, and massive open online courses (MOOCs) are adding to the global smart education & learning market growth in the region. It is predicted to grow at a 15.0% CAGR.
The smart education & learning market in the APAC region is predicted to grow at a fast pace over the forecast period. Government-driven initiatives like government-funded projects in rural areas for literacy development and the presence of growing economies like Japan, India, and China are adding to the global smart education and learning market growth in the region.
The smart education & learning market in Europe is predicted to have healthy growth during the forecast period, & that in the RoW is predicted to have sound growth over the forecast period.
Key Players
Eminent players profiled in the smart education and learning market report include Saba Software Inc. (U.S.), Promethean Inc. (U.K.), Tata Interactive Systems (India), Ellucian Company L.P (U.S.), Smart Technologies (Canada), SumTotal System, Inc. (U.S.), Desire2Learn (Canada), Pearson Plc. (U.K.), NIIT Limited (India), McGraw-Hill Education (U.S.), Cisco Systems Inc. ( U.S.), Educomp (India), Blackboard (U.S.), and Adobe Systems Inc. (U.S.), among others.
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Smart Education and Learning Market, By Software (Assessment Services Adaptive Learning Platform), By Hardware (Student Response System), By Service (Professional Service), By Application (Professional Services) - Forecast 2027
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