The global smart education and learning market size is expected to reach USD 423.2 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 15.2% during the forecast period. Rising awareness regarding benefits of smart education and learning solutions such as improved quality and easy access to educational content is anticipated to stoke the growth of the market.
Increasing adoption of consumer electronics such as smartphones, e-readers, laptops, and e-learning apps are altering conventional learning methodology and enhancing efficiency of learning methods. Additionally, there are enormous opportunities for growth of the smart education and learning 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 estimated to hinder market growth.
In comparison to traditional classrooms that were based on one-way learning, learning experience in current period 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. They offer an enhanced learning experience.
The simulation-based learning segment is poised to expand at the highest CAGR owing to the fact that this type of learning 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 their real-life tasks.
Growing awareness and popularity of smart education are encouraging smart education solution providers to invest in research & 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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Further key findings from the report suggest:
Growing demand for smart education can be accredited to factors such as surging adoption 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 are encouraging users to adopt smart education solutions
Innovative techniques such as gamification, massive open online courses (MOOCs), microlearning, and adaptive learning, which improve learning process, are some key factors that are expected to drive the demand for smart education and learning solutions over the projected period
The North America region accounted for the largest market share in 2017 owing to its large consumer base
Some of the key industry participants in the market include 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)
Interactive Flat Panel Display
Interactive White Board
Student Response System
Learning Management System (LMS)
Learning Content Management System
Adaptive Learning Platform
Managed and Professional Service
Smart Education and Learning Learning Mode Outlook (Revenue, USD Million, 2014 - 2025)
Virtual Instructor Led Training
Smart Education and Learning End User Outlook (Revenue, USD Million, 2014 - 2025)
Small & Medium Businesses
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
Smart Education and Learning Regional Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa (MEA)nk
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