Increasing adoption of e-learning by corporate organizations to boost the growth of smart education and learning markets
June 24, 2022 (GLOBE NEWSWIRE), NY, USA-According to a comprehensive research report by the Market Research Future (MRFR), “Smart education and learning marketBy software (evaluation service adaptive learning platform), by hardware (student-enabled system), by service (professional service), by application (professional service)-Predicted to reach US $ 833.48 billion with a CAGR of 19.6% by 2030 doing.
Overview of the smart education and learning market
Increasing adoption of e-learning techniques by corporate organizations to organize effective training programs for employees will drive the growth of the smart education and learning market over the forecast period.
Multiple benefits for providing powerful opportunities
Smart learning has seen a significant increase in adoption due to multiple benefits, including increased learner concentration and the convenience of providing powerful opportunities to the market over the prediction interval. In addition, this allows teachers and students to be more productive and efficient.
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Scope of report:
|Report attributes / metrics||detail|
|Market size||US $ 833.48 billion in 2030.|
|CAGR||19.60% of CAGR|
|Prediction unit||Value (US $ 1 billion)|
|Report coverage||Revenue forecasts, competitive landscapes, growth factors, and trends|
|Target segment||By software, by hardware, by service, by application|
|Target area||North America, Europe, Asia Pacific, and other regions (RoW)|
|Major vendors||McGraw-Hill Education (USA) NIIT Limited (India) Pearson Plc. (UK) Desire2Learn (Canada) SumTotal System, Inc. (US) Blackboard (US) Promethean Inc. (UK) Educomp (India) Adobe Systems Inc. (US) Smart Technologies (Canada) Ellucian Company LP (US) Cisco Systems Inc . (USA) Tata Interactive Systems (India) Saba Software Inc. (USA)|
|Major market opportunities||These are smart education and learning market opportunities that will help the market grow further in the coming years.|
|Major market drivers||Improving device connectivity is one of the major drivers of the smart education and learning market.|
High infrastructure costs to act as a market constraint
High infrastructure costs and the need for technical training for instructors and teachers can act as market constraints during the forecast period.
Lack of awareness to serve as a market challenge
Lack of awareness can serve as a market challenge during the forecast period.
See the detailed market research report (page 100) on the smart education and learning market.
Smart education and learning market segmentation
The smart education and learning market is bifurcated based on deployment, applications, services, hardware, software, and the size of the organization.
The software divides the smart education and learning market into learning management systems (LMS), learning content management systems, adaptive learning platforms, rating services, and more.
The hardware-based smart education and learning market is divided into interactive whiteboards (WBS), interactive displays, interactive tables, and student response systems.
By service, the smart education and learning market is divided into managed services and professional services.
Based on the application, the smart education and learning market is divided into government corporate / business education, NGOs and associations, professional services, healthcare and smart education.
Deployment will divide the smart education and learning market into cloud and on-premises.
Depending on the size of the organization, the smart education and learning market is divided into small businesses and large organizations.
Smart Education and Learning Market COVID-19 Analysis
The recent outbreak of the coronavirus has caused horror around the world. The rapid growth of the disease has led governments around the world to focus on taking rigorous steps, including social distance techniques, to prevent the virus from spreading further. Platforms such as smart learning and education are essential in these situations. Online platforms are becoming more and more popular as more people realize that they have little choice but to stay at home. During the COVID-19 pandemic, the presence of multiple large vendors will have a significant impact on overall market growth.
A major player in the smart education and learning market
Notable market players featured in the Global Smart Education and Learning Markets Report include:
- McGraw Hill Education (USA)
- NIIT Limited (India)
- Pearson Plc. (UK) Desire2Learn (Canada)
- SumTotal System Inc. (USA)
- Blackboard (USA)
- Promethean Inc. (UK)
- Educomp (India)
- Adobe Systems Inc. (USA)
- Smart Technologies (Canada)
- Ellucian Company LP (USA)
- Cisco Systems Inc. (USA).
Regional analysis of smart education and learning markets
North America dominates smart education and learning market
North America is an industry leader in smart education and learning, with the largest market share. The market in this region is developing due to technological advances in the United States. According to one study, the United States has already made significant contributions to the smart learning ecosystem. Smart learning products and services are becoming more widely available throughout the region. There are large smart learning businesses in the region that are contributing to the growth of the market. The adoption of mobile phones, tablets and laptops is driving the region’s markets to new heights. Through the growth of Ed-tech operations across the United States, the region is dominating the growth of the industry.
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According to many studies, the United States has already established itself as an important player in the online and e-learning ecosystem. Over the last few years, e-learning services and products have exploded across North America. With the proliferation of mobile devices such as computers, mobile phones and tablets, the need for distance learning in the region is increasing. The large number of e-learning companies in North America adds value to the smart education market. North America is expected to take the lead in the coming years. The presence of multiple multinationals has a significant impact on the growth of regional markets.
Increasing popularity and use of online platforms and homeschooling, especially in the United States, will help the regional market prosper. North America occupies a significant proportion of the global smart education and learning market due to the availability of adequate infrastructure and the increasing acceptance of technology in educational institutions. With established ICT solutions and a large consumer base in the region, North America maintains the largest market share.
APAC grows lucratively in the smart education and learning market
The Asia Pacific region is rapidly becoming the most important emerging market for smart learning. China and Australia are already making significant contributions to smart education and learning platforms that improve student learning outcomes. The smart education sector is growing in Australia, which has the second largest Ed-tech startup community in the world. Governments in Asian countries such as Japan, India and Malaysia encourage the use of online learning methods. The Government of India encourages e-learning through various educational initiatives such as e-pathshala, Shagun Portal, National Digital Library (NDL), Swayam Prabha and National Repository of Open Educational Resources (NROER). Due to the expansion of the education infrastructure, the Asia Pacific region is expected to have the highest CAGR during the forecast period.
The Asia Pacific region is the fastest growing market for smart education and learning and has the potential to continue to grow. China and Australia are already key players in the smart education and learning business and want to improve student learning outcomes. The smart learning approach has been adopted by the governments of Japan, India and other Asian countries. The Government of India is encouraging e-learning programs and strengthening the smart education and learning sector in the region. The market can grow rapidly over the next few years. Smart learning solutions are being adopted in the region as a result of government efforts to develop digital infrastructure. The region also has the largest student population, and with advances in technology, the demand for e-learning and online education is increasing. This will enable the smart learning market to meet the diverse educational needs of APAC countries such as Australia and New Zealand (ANZ), China, Japan, Singapore and India.
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