The global smart education and learning market size is
expected to reach USD 423.2 billion by 2025 at a 15.2% CAGR during the forecast
period, according to a new report by Grand View Research, Inc. Demand for smart
education is increasing among the growing population owing to benefits such as
improved education quality and easy access to educational content. Increasing
adoption of consumer electronics such as smartphones, e-readers, laptops, and
e-learning apps has altered conventional learning methodology and enhanced
efficiency of learning methods. Additionally, there are enormous opportunities
for advancements in the smart education market owing to improved Internet
accessibility.
However, lack of awareness among end users
about latest technologies and inadequate amount of resources for delivering quality
education in developing regions are anticipated to hinder market growth.
Compared to traditional classrooms based on
one-way learning, the learning experience in current times has transformed
immensely. Students are exposed to digital devices at an early age. New
learning modes such as adaptive learning, simulation-based learning, blended
learning, and collaborative learning have subsequently evolved and offer an
enhanced learning experience.
The simulation-based learning segment is
anticipated to exhibit the highest CAGR owing to the fact that this mode
enables corporates and educational institutions to create a realistic
experience in a controlled environment. It also enables professionals and
learners to practice, navigate, explore, and obtain more information through a
virtual medium before they start working on real-life tasks.
Growing awareness among people and rising
popularity of smart education are encouraging solution providers to invest in
research and development for creating more reliable, better, and cost-effective
solutions. Manufacturers are making substantial investments to develop new
products for enhancing user experience.
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https://www.grandviewresearch.com/industry-analysis/smart-education-learning-market
https://www.grandviewresearch.com/industry-analysis/smart-education-learning-market
Further key findings from the report suggest:
· Growing demand for smart education can be
accredited to factors such as increased demand among instructors and learners
for improving quality of education, reducing expenses of online training,
curbing geographic challenges in physically attending classes, and time
constraints faced by aspirants
· Increasing penetration of Internet of
Things (IoT), enhanced Internet accessibility, and rapid adoption of mobile
technology have encouraged users to adopt smart education solutions
· Innovative techniques such as gamification,
Massive Open Online Courses (MOOCs), microlearning, and adaptive learning,
which improve the overall learning process, are expected to drive the smart
education and learning market over the projected period
· North America accounted for the largest
market share in 2017 owing to its large consumer base
· Some of the key industry participants in
the market are Adobe Systems Incorporated (U.S.); Blackboard, Inc. (U.S.);
Cisco Systems, Inc. (U.S.); Educomp Solutions Ltd. (India); and McGraw-Hill
Education (U.S.).
Grand View Research has segmented the
global smart education and learning market based on component, learning mode,
end user, age, and region:
Smart Education and Learning Component
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hardware
o
Interactive Display
o
Interactive Projector
o
Interactive Table
o
Interactive Flat Panel Display
o
Interactive White Board
o
Student Response System
·
Software
o
Learning Management System (LMS)
o
Learning Content Management System
o
Adaptive Learning Platform
o
Assessment System
o
Others
·
Service
o
Managed and Professional Service
o
Education Content
Smart Education and Learning Mode Outlook
(Revenue, USD Million, 2014 - 2025)
·
Social Learning
·
Blended Learning
·
Virtual Instructor Led Training
·
Collaborative Learning
·
Simulation Based
·
Adaptive Learning
Smart Education and Learning End User
Outlook (Revenue, USD Million, 2014 - 2025)
·
Corporate
o
Small & Medium Businesses
o
Large Enterprises
·
Academic
o
K-12
o
Higher Education
Smart Education and Learning Age Outlook
(Revenue, USD Million, 2014 - 2025)
·
5 to 10 years
·
10 to 18 years
·
19 to 29 years
·
30 to 45 years
·
Above 45
Smart Education and Learning Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Japan
o
India
·
South America
o
Brazil
·
Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
