According to the report by Expert Market Research (EMR), the global smart education and learning market is projected to grow at a CAGR of 18.80% between 2024 and 2032 to reach a value of USD 1,216.25 billion by 2032. The market is driven by the increasing digitisation in education, rising demand for online learning solutions, and the proliferation of mobile devices.
As per the smart education and learning market analysis, the global market, buoyed by technological advancements and a growing emphasis on personalised learning experiences, has witnessed remarkable growth in recent years. The adoption of smart education solutions is driven by a confluence of factors, including the need for personalised learning experiences, the rise of remote and hybrid learning models, and the imperative to equip learners with 21st-century skills. As educators and learners alike embrace technology as an enabler of knowledge dissemination and acquisition, the demand for smart education solutions continues to escalate.
Moreover, the COVID-19 pandemic served as a catalyst for the accelerated adoption of smart education technologies. School closures and social distancing measures necessitated a swift transition to online and remote learning, highlighting the indispensability of digital tools and platforms in ensuring continuity of education. As the world grappled with unprecedented challenges, smart education emerged as a resilient and adaptive solution, transcending geographical barriers and fostering inclusive learning environments, consequently driving up the smart education and learning market share.
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Moreover, from artificial intelligence (AI) and machine learning to augmented reality (AR) and virtual reality (VR), these cutting-edge technologies offer immersive and interactive learning experiences, captivating learners’ attention and enhancing knowledge retention.
AI-powered adaptive learning platforms, for instance, analyse students’ learning patterns and preferences to deliver personalised learning pathways tailored to individual needs. Similarly, AR and VR applications transport learners to virtual environments, enabling experiential learning across diverse disciplines, from science and mathematics to history and art. By harnessing the power of technology, educators can transcend the limitations of traditional teaching methods and unlock new possibilities for student engagement and comprehension, leading to smart education and learning market development.
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The software sector, categorised by component, commands a substantial portion of the smart education and learning market due to the enhanced efficiency and superior knowledge acquisition provided by smart learning software. E-learning software based on cloud technology allows for accessibility from any location at any time, promotes environmental sustainability, and fosters collaboration. Moreover, the adaptability of this software is driving its increasing utilisation in educational institutions and online learning portals. Anticipated advancements in cloud-based smart learning software, focusing on improving functionalities and customisation options, are projected to boost smart education and learning market expansion.
While the market exhibits remarkable growth prospects globally, regional variations and market dynamics abound. In developed economies such as North America and Europe, robust investments in educational technology infrastructure and favourable regulatory frameworks drive market expansion. Conversely, emerging economies in Asia-Pacific and Latin America present untapped growth opportunities, fuelled by increasing internet penetration, rising smartphone adoption, and government initiatives to modernise education systems.
Market Segmentation
The market can be divided based on the component, learning mode, end-user, and region
Market Breakup by Component
- Hardware
- Software
- Service
Market Breakup by Learning Mode
- Social Learning
- Blended Learning
- Virtual Instructor Led Training
- Collaborative Learning
- Simulation-Based Learning
- Adaptive Learning
Market Breakup by End-User
- Corporate
- Academic
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global smart education and learning market. Some of the major players explored in the report by Expert Market Research are as follows:
- Adobe Inc.
- Blackboard Inc.
- Cisco Systems, Inc.
- Ellucian Company L.P.
- McGraw Hill
- MPS Interactive Systems Limited
- Others
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