Smart Learning is characterised as a system that is self-directed, motivated, adaptable, resource-rich, and technology-enabled. With the advancement of technology, anything could be instrumented and integrated through intelligent design. As a result, one of these is education. In recent years, smart learning has grown in popularity. In recent years, educational projects have been carried out as smart learning projects all over the world. Malaysia is the first country in the world to implement a smart education system
Covid-19 Impact & Market Status
Smart Learning Market Drivers: The global smart learning market is being driven by increasing acceptance of e-learning in academic and business sectors, as well as technological advancements in smart education. Furthermore, smart learning is becoming more popular as a result of various advantages, including convenience and improved learner focus. Furthermore, it has given students and teachers the ability to improve their efficiency and production. In the forecasted time, the aforementioned reasons will promote market expansion. on the international market In addition, the growing number of virtual schools around the world is expected to fuel market expansion in the future years. However, large investments are required to adopt advanced teaching technologies, which is a major stumbling block to the smart learning market's growth.
Rising spending on smart education and learning technology research and development is offering lucrative growth prospects for the industry. The value of the smart education and learning market will increase as the connection of handheld devices improves. The need for smart education and learning will be fueled by increased collaboration between hardware makers and educational content providers, as well as an increase in the number of mobile learning applications.
This smart education and learning market report covers recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
The market is divided into two categories based on component: hardware and software. In the Global Smart Learning Market, the Software category accounted for the highest share. The simple availability of many smart education and learning portals, which offer superior education quality and more content in various forms such as study notes, test-prep materials, question banks, and learning videos, accounts for the highest proportion of the market.
End User Segment
Academic, Enterprises, and Government are the three end-user segments in the market. The academic segment accounts for the largest share in the Global Smart Learning Market, and it is expected to grow at the fastest rate during the forecasted period due to rising demand for smart education and the current COVID-19 scenario, which has boosted the segment's growth as all schools and colleges have begun operating from their homes.
The Global Smart Learning Market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. Because of the existence of well-established ICT solutions and huge consumer bases in the region, North America accounts for the highest share of the Global Smart Learning Market. The presence of rising economies and government policies of digital and smart education are supporting the growth of the Global Smart Learning Market in Asia-Pacific, which is predicted to grow at the highest CAGR during the forecast period.
The smart education system is based not just on software and hardware, but also on understanding of how they are articulated in classes or through online training. Smart education is being aided by other intelligent technologies such as cloud computing, the Internet of Things (IoT), wearable technology, learning analytics, and big data.
Global Smart Learning Market size is expected to grow USD 151.65 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 21.97 % during the forecast period.
Cloud computing, learning analytics, and big data are all concerned with how learning data may be recorded, processed, and directed toward bettering learning and teaching systems, as well as supporting student development of personalised and adaptive learning.
The breakout of the COVID-19 pandemic, which is having a significant impact on humanity as well as business and education, is driving the Smart Learning Market. People are being driven to stay at home and work remotely as a result of the pandemic, and schools and colleges are being encouraged to adopt Smart Learning. This acceptance of e-learning from home has had a good impact on the Smart Learning Market. Furthermore, the cost-effectiveness, flexibility, and enhanced attention afforded by online educations, along with this smart learning, have helped both instructors and students to increase their productivity.
Furthermore, government initiatives for digitalization and implementation of Smart Learning around the world are propelling the Smart Learning Market forward. For example, the Ontario Ministry of Education (Canada) announced in July 2019 that it will pursue four online courses to help high school students graduate. However, network connectivity challenges as well as a lack of resources and infrastructure in underdeveloped and distant locations are expected to limit the Smart Learning Market's growth. Furthermore, the Smart Learning Market's growth is hampered by a lack of knowledge and skills in operating online learning platforms, as well as security and privacy issues.
For the anticipated time, the proliferation of e-learning technologies and the COVID-19 pandemic have created enormous potential for the Smart Learning Market. Because of the increased need for mobile learning applications and digitalization around the world, the Smart Learning Market is booming. Furthermore, the market's expansion is being fueled by increased technological adaptation and uninterruptible internet access. Other factors supporting the market's growth include the introduction of e-learning and digital education solutions. The lack of professional knowledge and public awareness, on the other hand, is predicted to stymie the growth of the market.
The Global Smart Learning Market article report will offer useful information with a focus on the global market. Blackboard, SMART Technologies, Cornerstone OnDemand, Pearson, Adobe, IBM, Samsung, Sum Total Systems, Ellucian Company, and Cisco Systems are the market's leading participants. The competitive landscape section also contains a global study of the above-mentioned players' major development strategies, market share, and market position.
Latest Innovations in the Global Smart Learning Market: a Snapshot
- Blackboard teamed with K16 Solutions in June 2021 to assist Blackboard's clients in transitioning from Blackboard Learn to Blackboard Learn Ultra.
- Pearson and BBC Studios will begin the "Speak Out for Sustainability" campaign in April 2021. The programme would bring together educators and students from all across the world to raise awareness about important ecological challenges.
- Adobe bought Workfront, a renowned provider of Collaborative Work Management Tools, in December 2020. For enterprises to increase efficiency, the corporations would give an unified system to assist planning, collaboration, and management.
- SMART Technologies teamed with Google, Microsoft, and Canvas in September 2020 to assist teachers with remote learning. Teachers can utilise SMART Software without SMART Boards thanks to integrations with these systems.
Smart Learning Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 151.65 billion|
|Growth Rate||CAGR of 21.97 % during 2021-2028|
|Segment Covered||Component, End User, Regions|
|Regions Covered||North America, Europe, Asia-Pacific, South America, Middle East & Africa|
|Key Players Profiled||Blackboard, SMART Technologies, Cornerstone OnDemand, Pearson, Adobe, IBM, Samsung, Sum Total Systems, Ellucian Company, and Cisco Systems|
Key Segments of the Global Rogowski Market
Component Overview, 2018-2028 (USD Billion)
End User Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa