Latin America Smart Education And Learning, 2020-2027
The smart education and learning in Latin America is expected to reach a projected revenue of US$ 42,571.6 million by 2027. A compound annual growth rate of 21.2% is expected of Latin America smart education and learning from 2021 to 2027.
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Latin America smart education and learning highlights
The Latin America smart education and learning generated a revenue of USD 11,074.4 million in 2020.
The market is expected to grow at a CAGR of 21.2% from 2021 to 2027.
In terms of segment, service was the largest revenue generating component in 2020.
Service is the most lucrative component segment registering the fastest growth during the forecast period.
Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
Market revenue in 2020
USD 11,074.4 million
Market revenue in 2027
USD 42,571.6 million
Growth rate
21.2% (CAGR from 2020 to 2027)
Largest segment
Service
Fastest growing segment
Service
Historical data covered
2016 - 2019
Base year for estimation
2020
Forecast period covered
2021 - 2027
Quantitative units
Revenue in USD million
Market segmentation
Hardware, Software, Service
Key market players worldwide
Adobe Inc, Cisco Systems Inc, D2L Inc (Sub Voting), McGraw-Hill Education, Pearson PLC, Samsung Electronics Co Ltd, Blackboard, Ellucian, Foxconn Technology Co Ltd, SumTotal Systems, Educomp Solutions, MPS
Other key industry trends
In terms of revenue, Latin America region accounted for 5.1% of the global smart education and learning in 2020.
Globally, North America is projected to lead the regional market in terms of revenue in 2027.
Asia Pacific is the fastest growing regional market and is projected to reach USD 187,149.9 million by 2027.
Various factors such as shortage of quality education and convenience are anticipated to create the demand for the smart education market in the region.
Smart education is becoming increasingly pervasive driven by the continuous advances in connectivity, computing power, and sensor technology, coupled with a reduction in the price of components.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Education And Learning will help companies and investors design strategic landscapes.
Service was the largest segment with a revenue share of 72.34% in 2020.
Horizon Databook has segmented the Latin America smart education and learning based on hardware, software, service covering the revenue growth of each sub-segment from 2016 to 2027.
Various factors such as shortage of quality education and convenience are anticipated to create the demand for the smart education market in the region.
Smart education is becoming increasingly pervasive driven by the continuous advances in connectivity, computing power, and sensor technology, coupled with a reduction in the price of components.
Latin America Smart Education And Learning Component Outlook (Revenue, USD Million , 2016-2027)
Hardware
Software
Service
Latin America Smart Education And Learning Learning Mode Outlook (Revenue, USD Million , 2016-2027)
Social Learning
Blended Learning
Virtual Instructor LED Training
Collaborative Learning
Simulation-Based
Adaptive Learning
Latin America Smart Education And Learning End User Outlook (Revenue, USD Million , 2016-2027)
Corporate
Academic
Latin America Smart Education And Learning Age Outlook (Revenue, USD Million , 2016-2027)
5 to 10 Years
11 to 18 Years
19 to 29 Years
30 to 45 Years
Above 45 Years
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Target buyers of smart education learning market databook
Our clientele includes a mix of smart education learning market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart education learning market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart education learning market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Latin America Smart Education And Learning, 2016-2027 (US$M)