Smart Education and Learning Market

Smart Education and Learning Market Size (2022 - 2027)

The global Smart education and learning market was valued at around 284 Billion USD in 2020. The value is expected to rise to 620 Billion USD in 2026 growing at a CAGR of 17.4%. North America, who is the largest revenue generator, is expected to grow at 12.3%. On the other hand, Asia-Pacific is growing at a significant rate due to presence of many developing economies and has received an added boost from the government-driven initiatives. Technologies such as gamification and microlearning are the driving force behind the growth in the South American market.

The conventional educational system as we know it comprises of a teacher imparting knowledge to the students. Smart education is revolutionizing this basic idea by introducing a whole new ecosystem of helpful tools in the teaching domain. Anyone who is planning on entering this innovative sphere would have to be ready to compete with the traditional blackboard and modern-day giants like Cisco systems, Pearson and Samsung.

MARKET DRIVERS AND RESTRAINTS:

Major factors which have helped drive the market forward are-

• Better communication between hardware vendors and educational content providers.
• A significant change in mobile learning applications and professional expertise with technology and digital learning.
• Growth in the interactive display hardware market and active learning.
• Increased number of government initiatives in developing markets.

The factors holding the market back include-

• New techniques are often followed by unrealistic hype and pledge to alter education for the good regarding their transformative strength or to allow stronger instructional possibilities to meet the people.
• Technology obsolescence
• The end user lacking the skill and knowledge to operate the technology
• Limited funding by the user segment

Scope of the Report

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MARKET SEGMENTATION

Smart Education and Learning Market - By Hardware

• Interactive white boards
• Interactive displays
• Interactive tables
• Student response systems

Smart Education and Learning Market - By Software

• Learning management system
• Learning content management system
• Adaptive learning platform
• Assessment systems
• Others

Smart Education and Learning Market - By Service

• Managed Services
• Professional Services

Smart Education and Learning Market - By Educational Content

• Audio-Based Content
• Text Content
• Video-Based Content

Smart Education and Learning Market - By Learning Mode

• Collaborative Learning
• Virtual instructor led training
• Simulation based learning
• Adaptive learning
• Social learning
• Blended learning

Smart Education and Learning Market - By User

• Academic
• Corporate

Smart Education and Learning Market - By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

KEY MARKET PLAYERS:

Blackboard Inc, Educomp, Adobe systems, Cisco systems, Samsung, Promethean Inc, Sum total system, Pearson, Echo 360, Smart technologies, McGraw Hill Education, Desire2learn, Ellucian company, Jenzabar, Fujitsu.

PRODUCT DEVELOPMENTS

Huge strides have been made in the smart education and learning domain in the last decade. Many recent developments in the field such as VR learn, Soundtrap, Pi-top OS, Micro: bit small computer, Augie robot, Collab space and Kahoot! App have been nothing short of revolutionizing. Cloud computing, HTML formatting, Widespread use of mobile devices and a wide availability of internet have been the pillars of the smart education and learning industry. Technologies such as big data, MOOC, Tin Can API and social learning are instrumental in providing a fun and effective learning experience. Majority of the developments have been aimed at providing dynamic and accessible digital education.