The size of the global Smart Education and Learning Market was 191.32 billion dollars in 2019 and is anticipated to grow to 783.48 billion dollars by 2027, with a CAGR of 19.6%.
Smart education and learning approaches are replacing the conventional methods of teaching and learning. This is demonstrated by the transition of traditional learning systems based on chalkboards and blackboards to online or offline interactive learning techniques. The education industry is seeing increased adoption of smart learning strategies such as electronic learning (e-learning), online tutorials, massive open online courses (MOOC courses), mobile education (M-education), and others. 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 the increasing investments in the development of educational technology. The growth of the smart education and learning market is also being boosted by government initiatives to support innovative educational techniques like e-learning.
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Which company dominates the Global Smart Education and Learning Market?
- 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)
- SkillSoft (Nashua, New Hampshire, United States)
- SMART Technologies ULC (Calgary, Canada)
- Ellucian Company L.P. (Virginia, United States)
- BYJU'S (Bengaluru, Karnataka, India)
- PROMETHEAN LIMITED (Seattle, Washington, United States)
- Saba Software (Dublin, California, United States)
- SAMSUNG (Seoul, South Korea)
What are the factors driving the growth of the Smart Education and Learning Market?
Faculty, students, and instructors are using smartphones, tablets, laptops, and other mobile devices more frequently, which supports remote learning. A wider adoption of remote learning is also a result of expanding internet usage and better network infrastructure. The remote learning platform has also undergone a radical transformation thanks to virtual classrooms. Since a few years ago, the demand for advanced learning has grown as a result of dependable internet connectivity and unlimited time and distance. Smart education infrastructure is quickly expanding across the United States as a result of the rising demand for distance learning. Most faculty members, students, and instructors in colleges and universities are buying laptops to use as their main computing devices due to academic reasons. Additionally, the corporate sector's increased use of mobile devices is encouraging BYOD (bring your own device) policies and remote working, both of which are supporting the market for smart corporate learning.
What are the geographical insights of the Smart Education and Learning Market?
North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America are the five main geographical areas that the market is studied in. Country-level divisions are made for them.
By increasing Ed-tech activities across the United States, North America currently dominates the growth of the smart education market. According to estimates from numerous studies, the U.S. has already established itself as a crucial 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 value of the smart education market in North America is once again strengthened by the prevalence of numerous e-learning businesses. The adoption of digital education strategies was driven by digitization in the European education sector. In the region, the development of e-learning is being aided by the rising demand for wearable technology and mobile learning platforms.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Smart Education and Learning Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Smart Education and Learning Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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