Smart Education And Learning Market Growth & Forecast [2031]

Report Description

Smart Education and Learning Market Outlook 2031

The Global Smart Education and Learning Market size was valued at USD 260 Billion in 2022 and is likely reach to USD 1.18 Trillion by 2031, expanding at a CAGR of 18.4% during the forecast period, 2023–2031. The growth of the market is attributed to the rising assuming of e-learning procedure among collective companies and increasing mobile e-learning applications and social gaming.

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Smart education and learning is an advanced process of learning and education system wherein several active methods and smart technology are applied to enhance knowledge of students or participants.

Schools and other institutes across the world are increasingly relying upon more active methods and techniques for imparting knowledge and for allowing students participation digitally. Additionally, the smart learning system is widely applied in corporate world for various teaching and communication applications.

Several companies are increasingly adopting various smart devices for business discussion and meetings of employees within organizations. The concept of bring your own device among employees working in business environment has motivated to expand the use of smart learning services.

The outbreak of the COVID-19 pandemic had a positive impact on the market due to wide adoption of smart learning system impacted by emergency shutdown, movement restriction, and work from home (WFH) system.

As employees have to start their WFH due to pandemic restriction, business companies have started expanding their digital platforms to stay connected with employees and several important meetings are increasingly held through smart devices.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing worth for the learning management system (LMS) software across several industries to successfully manage learning content present key factors driving the market.
• Rising demand for connected and engaging learning environment among regular students is a key factor projected to propel the market growth in the coming years.
• Growing acceptance of the smart learning process in the corporate world and wide adoption of smart learning devices among large business enterprises are expected to boost the market growth during the forecast period.
• High cost of the installation of smart learning devices acts as a key restraining factor. This is projected to hamper the market expansion in the coming years.
• Technological improvement in smart learning technology and opening up several distant learning courses for students are offering several opportunities for the market growth.

Scope of Smart Education and Learning Market Report

The report on the global smart education and learning market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Smart Education and Learning Market Segment Insights

11 to 18 years segment is expected to grow at a rapid pace

Based on ages, the global smart education and learning market is divided into 5 to 10 years, 11 to 18 years, 19 to 29 years, 30 to 45 years, and above 45 years. The 11 to 18 years segment is expected to grow at a rapid pace during the forecast period.

The segment growth is attributed to increasing use of smart learning devices and computing system in various educational institutions to enhance students’ knowledge development.

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Hardware segment is projected to expand at a considerable CAGR

On the basis of components, the market is segregated into hardware, software, and service. The hardware segment is further bifurcated into interactive display and student response system. The interactive display segment is sub-divided into interactive projector, interactive table, interactive flat panel display, and interactive white board.

The software segment is further categorized as learning management system, learning content management system, adaptive learning platform, assessment system, and others.

The services segment consists of managed & professional service and education content. The hardware segment is projected to expand at a considerable CAGR during the forecast period owing to wide advancement in hardware products and technology.

Adaptable learning segment is anticipated to grow at a substantial rate

Based on modes, the global smart education and learning market is divided into social learning, blended learning, virtual instructor LED training, collaborative learning, simulation-based, and adaptive learning.

The adaptable learning segment is anticipated to grow at a substantial rate during the projected period owing to increasing use of computing system to impart continuous learning development in the combination of cognitive and technical skills.

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Technology advancement of smart learning devices drive the academic segment

Based on end-users, the market is bifurcated into corporate and academic. The corporates segment is further bifurcated into small & medium enterprises and large enterprises while the academics segment includes K-12 and higher education.

The academic segment is projected to register a high CAGR during the forecast period owing to technology advancement of smart learning devices for academic purposes.

On the other hand, the end-users, segment is anticipated to account for a major market share during the forecast period due to the high demand for smart education and learning in the corporate sector. Moreover, increasing need for improvement of employees’ skills and knowledge needed to meet future challenges presents another key driver of the segment.

Smart Education and Learning Market Regional Outlook

North America is anticipated to constitute a key market share

In terms of regions, the global smart education and learning market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to wide governments and private organizations’ efforts and constant engagement to upgrade the educational policies and learning tools in the region.

However, the market of Asia Pacific is projected to register substantial growth during the forecast period owing to rise in use of the smart education and learning focus devices for both academic and business applications as well as the presence of big economies and their rising investment in the IT sector including India, China, and Japan.

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