The rising collaboration between educational content
providers and hardware vendors, and developments in handheld devices
connectivity are some of the factors boosting Smart Education and Learning
Market.
Market Size – USD
233.75 Billion in 2018, Market Growth - CAGR of 17.7%, Market Trends – The
rising demand for eLearning.
The global Smart
Education and Learning Market is forecast to reach USD 1,047.75
Billion by 2026, according to a new report by Reports and Data. Smart education
can also be summed up as the application of smart devices to enhance the
learning outcome of traditional education. It develops the learners with the
skills needed for a digital future that will have more innovative ways of
performing a task. It supports reachability for students who can access
education remotely. Students have the scope of collaborating with others on
virtual learning platforms, take part in online discussion threads to resolve
their queries, take up Massive Online Open Courses (MOOC) from the best
universities around the globe without physically attending the course, are some
of the benefits of this form of education. In regards to region, Europe
occupies a prominent market position. The market position held by Europe is
resultant of the continuously growing demand for eLearning, emphasis on
professional developments, and technological advancements.
Key participants Educomp Solutions Ltd., Adobe Systems
Incorporated, Blackboard, Inc., Cisco Systems, Inc., Niit Limited, Mcgraw-Hill
Education, Pearson PLC, Sum Total Systems, LLC., Samsung Electronics Co., Ltd.
and Smart Technologies, Inc.
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Further key findings from the report
suggest
- The
smart education and learning market held a market share of USD 233.75
Billion in the year 2018 and is forecasted to experience a CAGR of 17.7%
during the forecast period.
- In
regards to Age, the 30-45 segment is projected to witness the fastest
growth rate of 18.4% during the forecast period, which is expected to
occupy 22.0% of the market by 2026. The growth rate experienced by the
30-45 segment is resultant of increasing development and demand of
corporate smart education for training and professional development
purposes in various organizations in different sectors.
- In
context to End-user, the Academic segment held the largest market share of
69.0% in 2018, with a CAGR of 16.8% during the forecast period. The market
share occupied by the Academic segment is attributed to rising demand for eLearning
in the academic sector and associated increased demand for Virtual
Instructor-led Training (VILT), and education content, that have increased
the use of this form of learning in educational institutions.
- In
regards to region, Asia Pacific is forecasted to witness the fastest
growth rate of 18.3% during the forecast period, which occupied 23.0% of
the market in 2018. Increased governmental emphasis on rural education,
and development of technological infrastructure contributes to the
expansion of the market in the APAC region.
To identify the key
trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/smart-education-and-learning-market
For the purpose of this report, global smart education and
learning market according to Component, Learning Mode, Age, End-user, and
Region:
Component Type Outlook (Revenue, USD Billion; 2020-2026)
- Software
- Adaptive
Learning Platform
- Learning
Management System (LMS)
- Assessment
System
- Learning
Content Management System
- Others
- Hardware
- Interactive
Display
- Interactive
White Boards (IWB)
- Student
Response Systems
- Interactive
Tables
- Interactive
Projector
- Service
- Education
Content
- Managed
and Professional Service
Learning Mode type Outlook (Revenue, USD Billion;
2020-2026)
- Collaborative
Learning
- Blended
Learning
- Virtual
Instructor-Led Training
- Adaptive
Learning
- Simulation-Based
Learning
- Social
Learning
Age Type Outlook (Revenue, USD Billion; 2020-2026)
- 46-above
- 30-45
- 19-29
- 10-18
- 5-10
End-User Type Outlook (Revenue, USD Billion; 2020-2026)
- Academic
- Higher
Education
- K-12
- Corporate
- Large
Enterprises
- Small
& Medium Businesses
Regional Outlook (Revenue, USD Billion; 2020-2026)
- North America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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Market Report includes major TOC points:
- Smart
Education and Learning market Overview
- Global
Economic Impact on Industry
- Global
Market Competition by Manufacturers
- Global
Production, Revenue (Value) by Region
- Global
Supply (Production), Consumption, Export, Import by Regions
- Global
Production, Revenue (Value), Price Trend by Type
- Global
Market Analysis by Application
- Manufacturing
Cost Analysis
- Industrial
Chain, Sourcing Strategy and Downstream Buyers
- Marketing
Strategy Analysis, Distributors/Traders
- Market
Effect Factors Analysis
- Smart
Education and Learning market Forecast
Conclusively, all aspects of the Smart Education and
Learning market are quantitatively as well qualitatively assessed to study the
global as well as regional market comparatively. This market study presents critical
information and factual data about the market providing an overall statistical
study of this market on the basis of market drivers, limitations and its future
prospects.
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