The Smart Education and Learning Market Size, which was 191.32 billion dollars in 2019 and is anticipated to reach 783.48 billion dollars by 2027, will grow at a CAGR of 19.6% during the forecast period.
Smart education and learning approaches have taken the place of traditional teaching and learning methods. The transition from traditional blackboard and chalk-based learning systems to online or offline interactive learning methods serves as clear evidence of this. The education sector is seeing increased adoption of electronic learning (e-learning), online tutorials, massive open online courses (MOOC courses), mobile education (M-education), and other innovative learning strategies. The fast-paced nature of the modern world requires students to be prepared, which is motivating ed-tech companies to invest in these technologies. The market is expanding dramatically as a result of increasing investments in the development of educational technology.
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Information about the report:
- Forecast Timeframe: 2020-2027
- The starting year is 2019
- Market Size in 2019- USD 191.32 billion
- The market size in 2027will be USD 783.48 billion
- CAGR - 19.6%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Smart Education and Learning Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The total amount of money that service providers make from offering their products to customers is referred to as the market size. The percentage of the market that is under the control of one provider, or a group of providers, is known as market share. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Smart Education and Learning Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Component Analysis,
The hardware, software, and services segments of the market were established based on component types. Of these, the software sector is probably the one with the largest market share. The hardware infrastructure has become less robust as a result of cloud computing technology development. SaaS infrastructure provides a strong, adaptable, individualized, and simple-to-use learning model. Platforms for online, software-based education are supported by the increasing use of mobile devices like smartphones, tablets, laptops, etc., as well as broadband network connectivity. Smart education and learning, along with learning content management systems, are expected to experience and hold a large market value among the sub-segments of software.
By Learning Mode Analysis,
The market is divided into five categories based on learning modes: social learning, blended learning, virtual instructor-led training (VLIT), and collaborative learning. To develop highly applicable and generic skills among students, information and communication technologies (ICT) have proven to have enormous potential for enhancing collaborative activities that produce the best outcomes for students in terms of the development of highly applicable and generic skills. favorable in both the corporate and governmental sectors as well as academia.
By End User Analysis,
The market is broadly divided into three end-user segments: academic, corporate, and government. Among these, the academic sector will hold a greater than 50% market share. Government initiatives and rising educational technology investments in developed nations like the United States are fostering the expansion of the smart education market. Higher education dominates K-12 in the academic sector, which is once again divided into K–12 and higher education. According to a report released by the Australian Trade and Investment Commission in 2018, the U.S. Ed-tech market will be dominated by K-12, accounting for 42% of sales, and higher education will account for about 54%.
By Key Industry Analysis,
Interactive smart learning products and technologies are offered by SMART Technologies Inc. In the last 30 years, the company has released a range of cutting-edge learning solutions, such as smart boards, smart notebooks, connected displays, collaborative software, and accessories.
List of Key Companies Profiled:
- Blackboard Inc. (Washington, D.C., United States)
- Ebix Inc. (Atlanta, Georgia, United States)
- Cisco Systems, Inc. (San Jose, California, United States)
- McGraw Hill. (New York, United States)
- D2L Corporation. (Kitchener, Canada)
- NIIT (Gurugram, Haryana, India)
- Pearson (London, United Kingdom)
By Region,
The market is fragmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.
Through expanding Ed-tech initiatives all over the United States, North America is leading the growth of the smart education market. Several studies have estimated that the U.S. has already established itself as a vital component of the online learning and e-learning ecosystem. In North America, e-learning services and products have greatly increased over the past few years. The region's demand for remote learning is growing as a result of the widespread use of mobile devices like smartphones, laptops, and tablets. The existence of numerous e-learning businesses further enhances the value of the smart education market in North America.
The study report provides a thorough analysis of the size of the “Smart Education and Learning Market” globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The Smart Education and Learning Market is divided into two categories: type and application. Players, stakeholders, and other participants in the global Smart Education and Learning Market industry will be able to gain the upper hand by using the study as a valuable resource.
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