According to Market Research Future, the global social and emotional learning market has been segmented into components, end-user, and regions/countries. The global social and emotional learning market size is expected to register an exponential CAGR of 23.40% from 2022 to 2030 and reach USD 10.2 billion by 2030.
The 21st century is posing many new challenges to the younger generation. In the face of these challenges, the WHO 2015 report on mental health states that the incidence of mental health problems among the younger generation is increasing rapidly. There are many factors behind this trend but the increasing pressure to “excel” in academics to secure a stable job is high on this list of such causes. Due to increasing stress and its impact on mental health, several students are committing suicide every year. To address this challenge, researchers are increasingly demonstrating how Social and Emotional Learning (SEL) interventions have had positive impacts on success in school and subsequently even in wage earnings. As a result, social and emotional learning trend is upsurging at a rapid pace, and several companies are entering the SEL sector.
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Social and emotional learning is the process of developing and using social and emotional skills. Adults and children gain self-control, interpersonal, and self-awareness abilities through social and emotional development, which are critical for success in the job, life, and school. People learn to control and understand emotions, as well as feel and demonstrate empathy for others, through this form of education. It aids in the development of abilities necessary for forming pleasant and healthy social relationships as well as making responsible judgments. Self-awareness, self-management, social awareness, relational skills, and responsible decision-making are the five domains of social and emotional development. This form of learning can easily be integrated into a school's customs and culture, or it can be taught in-depth outside of academic hours.
The spread of computing in the K-12 sector is one of the elements driving the rise of the social and emotional learning (SEL) market. The social and emotional learning market is driven by the growing need for social and emotional well-being in educational institutions. However, the market is hampered by a lack of sufficient infrastructure in emerging and underdeveloped economies, as well as a focus on academic learning over social and emotional growth.
The social and emotional learning (SEL) market has been segmented into component, type, core competencies, end user, and region/country.
Based on components, the market has been segmented into solutions and services. The services segment of the social and emotional learning market is anticipated to have a higher growth rate during the forecast period.
Based on the type, the market has been segmented into web-based and apps. The apps segment is expected to exhibit the fastest growth during the projected period.
Based on the core competencies, the market has been segmented into self-awareness, self-management, social awareness, relationship skills, and responsible decision-making. The self-awareness segment is expected to exhibit the fastest growth during the projected period.
Based on end-user, the market has been bifurcated into pre-K, elementary school, and middle and high schools. The pre-K segment to grow at the highest CAGR during the forecast period. The increasing use of engaging learning methodologies such as interactive gaming and animated SEL programs would drive the growth of the pre-K segment.
The geographic analysis of the social and emotional learning market has been conducted for North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
Key Players
Committee For Children (US), Everfi (US), Nearpod (US), Illuminate Education (US), Panorama Education (US), Hero K12 (US), Newsela (US), Playworks (US), Wings For Kids (US), Rethink Ed (US), Oneder Academy (US), Purpose Prep (US), Evolution Labs (US), PEEKAPAK (Canada), Paths Program LLC (US), Move This World (US), Positive Action (US), Growing Leaders (US), Mindsets (Spain), and The Conover Company (US) are the key companies operating in the global Social and Emotional Learning market.
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