The global smart education and learning market size is anticipated to reach USD 665.12 billion by the end of 2026, owing to the growing advancement in learning platforms. Fortune Business Insights™ in their report titled, “Smart Education and Learning” Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Learning Mode (Collaborative Learning, Virtual Instructor-Led Training (VLIT), Simulation-Based Learning, Social Learning, Blended Learning), By End-User (Corporate, Academic, and Government) and Regional Forecast, 2020-2026,” presents a detailed analysis of the market with its prime growth trajectories. As per this report, the market was worth USD 166.30 billion in 2018. However, it is expected to witness a remarkable growth by exhibiting a CAGR of 19.5% during the forecast period between 2020 to 2026.
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The report throws light on the competitive landscape of the smart education and learning market with a list of significant players and the key strategies adopted by them to stay put in the competition. The report also mentions major growth trajectories such as drivers, restraints, challenges, and opportunities. It further presents extensive details of all the segments present in the market, along with base figures, forecast figures, and CAGRs. The report is available for sale on the company website.
Adoption of Internet for Educational Purposes Will Boost Market Growth
The rapid adoption of smartphones and other smart gadgets for educational purposes and the easy availability of high-speed internet are two of the prime factors boosting the smart education and learning market growth. Besides this, the adoption of e-learning and rising government support for promoting online education would also help in increasing the overall smart education and learning market size in the forecast period. E-learning is a cost-efficient and more convenient way of learning as it provides training and tutorials from experts, improved courses, certification programs, and others.
Smart Education and Learning Market Landscape and Market Scenario Includes:
- Current market size estimate
- Revenues by players Top Companies
- Market size by product categories
- Market size by regions/country
North America to Dominate Backed by Increasing Penetration of Smartphones
Geographically, the global smart education and learning market is segregated into the Middle East and Africa, Latin America, North America, Asia Pacific, and Europe. These regions are further classified nation wise. In 2018, North America had generated a revenue of USD 59.42 billion which is further anticipated to rise to USD 240.44 billion by the end of 2026. This is attributable to the stability in economic growth, rapid adoption of technological developments, and the rising penetration of smartphones across the region.
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Key segments within the Smart Education and Learning market
1. By Component
- Interactive White Boards
- Interactive Displays
- Interactive Tables
- Interactive Projectors
- Student Response Systems
- Learning Management System (LMS)
- Learning Content Management System
- Adaptive Learning Platform
- Assessment Systems
- Implementation and Integration
- Training and Consultant
- Support and Maintenance
2. By Learning Mode
- Collaborative Learning
- Virtual Instructor-Led Training (VLIT)
- Simulation-Based Learning
- Social Learning
- Blended Learning
3. By End-User
- Large Enterprises
- Higher Degree
4. By Region
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Norway, Netherlands, and the Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
- Middle East & Asfrica (South Africa, GCC and the Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
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Smart Education Courses Through Applications and Programs to Intensify Competition Among Players
Companies are introducing new learning solutions and applications of various courses for children belonging to different educational boards in order to gain high smart education and learning market revenue in the forecast period. Learning applications will help students to master over tough concepts through visual and personalized learning programs. Programs and solutions, such as Blackboard Instructor App, Home Learning Program, GO, Smart STEM, HealthSet, and others would not only intensify the market competition but would also help in attracting high revenues during the forecast period.
Queries Addressed In Smart Education and Learning Market Report:
- What opportunities are present for the market players to enhance their business footprint?
- What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
- Which segment is witnessing huge traction from the consumers?
- For what purposes, is the market being utilized?
- How many units are estimated to be sold in 2020?
Key Industry Developments:
May 2020 – A China-based company, NetDragon Websoft, developed about 265,000 pop-up classrooms for learners in Egypt. These container-shaped classrooms can be set up within a couple of hours as they are similar to building blocks. They are designed especially for smart education.
June 2020 – A non-profit organization named Advancement Via Individual Determination (AVID) and SMART Technologies ULC collaborated to create the best classroom experiences with the help of technological solutions. These solutions will have a positive impact on the educational outcomes and empower the schools positively. The companies are further planning to improve their educational outcomes with the introduction of digital engagement, literacy, empowerment, collaboration, and inquiry.
Some of the key players present in the smart education and learning market include:
- Ebix, Inc.
- Cisco Systems, Inc.
- D2L Corporation.
- Ellucian Company L.P.
- PROMETHEAN LIMITED
- Saba Software
- SMART Technologies ULC
- Blackboard, Inc.
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Key Features of Smart Education and Learning Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the market.
- Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
- Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
- Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
- The global market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
- Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
- Market Report also mentions market share accrued by each product in the market, along with the production growth.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Content
5.Global Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Size Estimates and Forecasts
5.2.1.By Component (Value)
18.104.22.168.1.Interactive White Boards
22.214.171.124.5.Student Response Systems
126.96.36.199.1.Learning Management System (LMS)
188.8.131.52.2.Learning Content Management System
184.108.40.206.3.Adaptive Learning Platform
220.127.116.11.1.Implementation and Integration
18.104.22.168.2.Training and Consultant
22.214.171.124.3.Support and Maintenance
5.2.2.By Learning Mode (Value)
126.96.36.199.Virtual Instructor Led Training (VLIT)
188.8.131.52.Simulation Based Learning
5.2.3.By End User (Value)
5.2.4.By Region (Value)
184.108.40.206.Middle East and Africa
6.North America Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Size Estimates and Forecasts
6.2.1.By Component (Value)
220.127.116.11.1.Interactive White Boards
18.104.22.168.5.Student Response Systems
22.214.171.124.1.Learning Management System (LMS)
126.96.36.199.2.Learning Content Management System
188.8.131.52.3.Adaptive Learning Platform
184.108.40.206.1.Implementation and Integration
220.127.116.11.2.Training and Consultant
18.104.22.168.3.Support and Maintenance
6.2.2.By Learning Mode (Value)
22.214.171.124.Virtual Instructor Led Training (VLIT)
126.96.36.199.Simulation Based Learning
6.2.3.By End User (Value)
6.2.4.By Country (Value)
7.Europe Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Size Estimates and Forecasts
7.2.1.By Component (Value)
188.8.131.52.1.Interactive White Boards
184.108.40.206.5.Student Response Systems
220.127.116.11.1.Learning Management System (LMS)
18.104.22.168.2.Learning Content Management System
22.214.171.124.3.Adaptive Learning Platform
126.96.36.199.1.Implementation and Integration
188.8.131.52.2.Training and Consultant
184.108.40.206.3.Support and Maintenance
7.2.2.By Learning Mode (Value)
220.127.116.11.Virtual Instructor Led Training (VLIT)
18.104.22.168.Simulation Based Learning
7.2.3.By End User (Value)
7.2.4.By Country (Value)
22.214.171.124.Rest of Europe
8.Asia Pacific Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Size Estimates and Forecasts
8.2.1.By Component (Value)
126.96.36.199.1.Interactive White Boards
188.8.131.52.5.Student Response Systems
184.108.40.206.1.Learning Management System (LMS)
220.127.116.11.2.Learning Content Management System
18.104.22.168.3.Adaptive Learning Platform
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