Global Smart Education And Learning Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “Global smart education & learning, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global smart education and learning market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Smart education and learning is an education system which strengthen the capabilities of learners by providing an intelligent, enhanced and customized learning solution.
Institution are nowadays focusing on the smart learning which uses technology, digital library , e books, and learning through applications and software, for this the teachers are need to be trained. It learning has now become not only the part of educational organization but corporate training has also started using smart learning tactics.
Growing number of mobile learning applications and learners expertise with technology and affinity towards digital learning are anticipated to drive the smart education and learning market. Moreover, improved collaboration between the hardware provider, software provider and educational material provider results in better educational technology is expected to fuel growth of the smart education and learning market. This market is growing because of increase in connectivity of handheld devices, due to which operation becomes really easy. Increased collaboration between hardware vendors and educational content providers is increasing leading to growth in the market. Significance in the corporate and educational organization is increasing significantly, government initiatives and technological advancement are another factors driving the market. The main reason why people are adapting to smart learning because of accessibility and portability e learning is being liked.
Market is certainly growing at a faster rate but its reach is limited because of lack of awareness, knowledge and experti to handle the smart learning devices. Adding to it lack of resources and infrastructure is hampering the market. Opportunities in this market is huge because of increasing scope of distance learning and online education is growing day by day, this generation is of knowledge and in this knowledge explosion era, people wants to keep up to the level.
Segmentation of this market is done on the basis of application which includes professional education, enterprise/business education, NGO’s and association, government and healthcare, in all this field smart learning has now become an integral part and private as well as government organizations are giving lot of emphasis on smart learning and education.
Segmentation on the basis of learning market which includes self paced e-learning, mobile learning, virtual classroom and webinars, Mobile Learning, Collaboration Based Learning, Social Learning, Simulation Based Learning, Game Based Learning. This is how the market is segmented.
Reports are generated keeping North America, Europe, Asia pacific, and LMAEA (Latin America, Middle East, Africa) in consideration. North America is expected to hold the largest market share in the smart education and learning market during the forecast period. This is because of the high connectivity of handheld devices. The increasing innovative developments and technological advancement are benefiting all the stakeholders present in the smart education and learning market ecosystem in this region. Currently, the smart education and learning market is experiencing emergence of various service providers which is anticipated to pose a healthy competition to other well established players.
Key players: Adobe Systems Software Ireland Ltd, Blackboard Inc., Educomp Solutions Ltd, Cisco Systems Inc., McGraw-Hill Education, NIIT Limited, Pearson, D2L Corporation, SAMSUNG, SumTotal Systems LLC, SMART Technologies, Ellucian Company L.P., Tata Interactive Systems, PROMETHEAN LIMITED, Saba Software Inc., Sungard Availability Services, Jenzabar Inc., Cengage Learning India Private Limited, Skillsoft Ireland Limited, Scholastic Inc., and others.
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