Increasing digitization in schools is also boosting the adoption of Social and Emotional Learning (SEL) solutions
The global social and emotional learning (SEL) market size is anticipated to reach nearly USD 4 billion by 2025. In addition, it is expected to exhibit a CAGR of over 25% during the forecast period 2020-2025. Social and Emotional Learning (SEL) is a development process that enables the management of emotions in adults and children. The prime objective of Social and Emotional Learning (SEL) is to establish and attain positive goals, express responsiveness to others; make responsible decisions along with maintaining and establishing positive relationships in the entire society.
The current and future social and emotional learning (SEL) market developments are outlined to determine the attractiveness of the market. Vital impacting factors highlight the social and emotional learning (SEL) market opportunities during the forecast period. Factors such as increasing digitization in schools. Also, the growing spending on social and emotional learning by policymakers and educators is also driving the global social and emotional learning (SEL) market growth. Additionally, growing awareness about social and emotional learning technology among teachers and students is also the key factor in driving the market growth. However, the budget constraints in underdeveloped and developing countries are expected to hamper the market growth. Furthermore, the application of augmented and virtual reality technologies to provide lucrative growth opportunities for the market in forthcoming years.
The report also highlights numerous aspects of the global social and emotional learning (SEL) industry by evaluating the market through value chain analysis. Besides, the Social and Emotional Learning (SEL) market report covers various qualitative aspects of the social and emotional learning (SEL) industry in market restraints, drivers, and crucial industry opportunities. Furthermore, the report offers a complete assessment of the market rivalry along with company profiling of local as well as global vendors.
The social and emotional learning (SEL) market has robust competition among the pre-established and emerging players. Also, the social and emotional learning (SEL) industry players are aiming to capture potential markets to obtain a competitive advantage over the other industry players by forming mergers & acquisitions, acquiring new startups & other companies, agreements, forming collaboration and partnerships, and expanding their business presence.
Based on the end-users, the market is bifurcated into pre-K, elementary schools, and middle & high schools. In 2019, the elementary school's segment dominated the global social and emotional learning (SEL) market and it is expected to maintain its position throughout the forecast period. However, the pre-K segment is anticipated to gather the highest CAGR during the forecast period. The key reason behind the growth of this segment is the increasing need to improve learning skills and develop positive behavior in pre-K students.
The North America region is anticipated to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the inclusion of social skills in schools and numerous supportive government policies in this region. Also, the existence of major industry players is also one of the major reasons driving the market growth in this region. However, the Asia-Pacific region is expected to hold the highest growth rate throughout the forecast period 2020-2025.
The major players of the global social and emotional learning (SEL) market are Nearpod, Peekapak, Purpose Prep, Panorama Education, Social Express, Rethink ED, Everyday Speech, EVERFI, SEL Adventures, and BASE Education. Moreover, the other potential players in the social and emotional learning (SEL) market are Hoonuit, Hero K12, Emotional ABCs, 7 Mindsets, and Taproot Learning. The recognized companies are coming up with innovative and new social and emotional learning (SEL) solutions. For instance, in April 2019, Nearpod announced the launch of the Social and Emotional Learning (SEL) supplemental curriculum. The company partnered with Common Sense Education to develop this solution. The solution enables students’ SEL competencies and enhances character education.
Segment Overview of Global Social and Emotional Learning (SEL) market
Type Overview, 2018-2025 (USD Billion)
Solutions Overview, 2018-2025 (USD Billion)
- Social and Emotional Assessment Tools
- Social and Emotional Learning Platform
End Users Overview, 2018-2025 (USD Billion)
- Elementary Schools
- Middle & High Schools
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America