Smart Education & Learning Market – Global Industry Analysis and Forecast (2023-2029)

Smart Education & Learning Market size was valued at US$ 667.47 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 22.7% from 2023 to 2029, reaching nearly US$ 2794.77 Bn.
Smart Education & Learning Market Overview:
Smart Education & Learning Market is expected to reach US$ 2794.77 Bn. by 2029. Smart education and learning solutions emphasise the usage of mobile devices and emphasise the learner's mobility. It also offers a customizable learning approach that may be used to replace standard classroom teaching methods. This report focuses on the different segments of the market (Age, Component, Learning Mode, End-User, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America).

It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are utilised to demonstrate the core data analysis from 2018 through 2022. The market drivers, restraints, opportunities, and challenges for Smart Education & Learning are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the market.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact on the Smart Education & Learning Market:
The COVID-19 outbreak, according to the World Health Organization (WHO), had a huge impact on enterprises and humanity. Because people are being forced to stay at home as a result of the outbreak, businesses are being forced to provide a totally remote workplace in preparation of government mandates mandating Work from Home (WFH). Schools are also urged to use Professional Learning and Development (PLD) programs to work remotely with their pupils in order to follow smart education and learning. Due to the outbreak, the adoption of smart education and learning is expected to have a positive impact on the market growth.

Organizations can use it as an ideal opportunity to address their remote learning policy by putting in place the necessary tools and preparing for a similar circumstance during the forecast period. Organizations must also ensure that teachers and students working remotely have access to key papers and the technologies they need, such as VPNs and collaboration and videoconferencing solutions. Furthermore, governments all around the world are proposing smart education and learning solutions and giving online instructional sites. As a result, the smart education and learning market has a huge opportunity to flourish in the face of the COVID-19 pandemic.
Smart Education & Learning Market Dynamics:
One of the major factors driving the market's growth is the increased use of e-learning methods by corporate organisations to plan effective training programmes for their staff. In addition, the market for smart education and learning is expected to grow as demand for interactive learning techniques such as mobile educational applications and gamification grows.

Schools and institutions all across the world are emphasising more dynamic methods of delivering knowledge in order to promote collaboration and productivity while boosting speed and efficiency. Bring your own device (BYOD) in the classroom has also encouraged students to use their own technologically aiding devices in the classroom. Because of the benefits, such as cost-effectiveness, ease, and improved focus, smart education and learning methods have seen a boom in use.

Furthermore, these strategies have improved the efficiency and production of both instructors and students. Improved smart teaching solutions have arisen from cooperation and partnerships between hardware vendors, software developers, and content producers. Because of its widespread acceptance by business professionals, the market is expected to grow significantly during the forecast period.

The key major factors driving the market include constant technological advancements and improvements in the connection of portable communication devices. Furthermore, governments in developing nations are increasingly promoting digital teaching, encouraging schools and institutions to use smart education and learning approaches. For example, in July 2022, the Ontario Ministry of Education (Canada) announced a plan under which high school students must complete four online courses in order to graduate. As a result, the government's e-learning policy decisions will have a direct impact on Ontario's smart education and learning industry.
Smart Education & Learning Market Segment Analysis:
The Smart Education & Learning Market is segmented by Age, Component, Learning Mode, and End-User.

Based on the Learning Mode, the market is segmented into Social Learning, Blended Learning, Virtual Instructor LED Training, Collaborative Learning, Simulation-Based, and Adaptive learning. Simulation-Based Learning mode segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Continuous technological improvements in the merging of cognitive and technical skills are attributed with this development.

For example, based on genuine case-based scenarios, the American Academy of Paediatrics has developed a simulation-based solution for pre-hospital personnel. Aside from blended and simulation-based learning, the smart education and learning market has been divided into numerous learning modes, such as social learning, virtual instructor LED training, collaborative learning, and adaptive learning. Smart education and learning software have enabled new and effective interactions with students.

Based on the Component, the market is segmented into Hardware, Software, and Service. Service segment is expected to hold the largest market share of xx% by 2029. It is due to the proliferation of smart education and learning portals that provide higher-quality educational information in the form of study notes, test prep resources, question banks, and instructional videos.

For example, the Western Cape Government (South Africa) provides an e-learning platform with a variety of resources in Afrikaans and English for instructors and students to access. The Ministry of Education of the People's Republic of China also offers the National Cloud Platform for Educational Resources and Public Service, which delivers free educational resources to students in elementary and secondary school.
Regional Insights:
The North American region is expected to dominate the Smart Education & Learning Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. The presence of well-established ICT solution providers and a big customer base has contributed to this regional growth. The use of novel technologies such as Massive Open Online Courses (MOOCs), micro learning, gamification, and tailored literacy programmes can be ascribed to this regional growth.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the existence of developing economies like India, China, and Japan in the Asia Pacific region. The market for smart education and learning is expected to grow as a result of government-led initiatives, such as government-funded literacy development projects in rural areas.

For example, the Ministry of Human Resource Development's National Digital Library of India is an online library that provides academic information for various levels of smart education and learning, organised by subject area. In addition, Japan's Ministry of Education, Culture, Sports, Science, and Technology (MEXT) offer a portal to facilitate e-learning by age and educational level.

The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global market dynamic and structure by analyzing the market segments and projecting the Global market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Smart Education & Learning Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 667.47 Bn.


Forecast Period 2023 to 2029 CAGR:
22.7%
Market Size in 2029:
US $ 2794.77 Bn.


 Segments Covered:
by Age
5 to 10 years
11 to 18 years
19 to 29 years
30 to 45 years
Above 45 years


by Component
Hardware
Software
Service


by Learning Mode
Social Learning
Blended Learning
Virtual Instructor LED Training
Collaborative Learning
Simulation-Based
Adaptive learning


by End-User
Corporate
Academic



Smart Education & Learning Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Adobe Systems Incorporated
2. Educomp Solutions Ltd.
3. NIIT Limited
4. Smart Technologies, Inc.
5. Blackboard, Inc.
6. Ellucian Company L.P.
7. Saba Software, Inc.
8. Unit4
9. Desire2Learn Corporation Ltd.
10.Cisco Systems, Inc.
11.Blackboard Inc.
12.Ebix Inc.
13.McGraw Hill
14.D2L Corporation
15.Pearson
16.SkillSoft
17.BYJU'S
18.PROMETHEAN LIMITED

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Smart Education & Learning Market?
Ans. North America is expected to hold the highest share in the Smart Education & Learning Market.

2] Who are the top key players in the Smart Education & Learning Market?
Ans. Adobe Systems Incorporated, Educomp Solutions Ltd., NIIT Limited, Smart Technologies, Inc., Blackboard, Inc., and Ellucian Company L.P. are the top key players in the Smart Education & Learning Market.

3] Which segment is expected to hold the largest market share in the Smart Education & Learning Market by 2029?
Ans. Smart Education & Learning Service segment is expected to hold the largest market share in the Smart Education & Learning Market by 2029.

4] What is the market size of the Smart Education & Learning Market by 2029?
Ans. The market size of the Smart Education & Learning Market is expected to reach US $ 2294.77 Bn. by 2029.

5] What was the market size of the Smart Education & Learning Market in 2022?
Ans. The market size of the Smart Education & Learning Market was worth US $ 667.47 Bn. in 2022.