Global smart teaching and learning market worth $190.0 billion in 2015.
As per the research, the global smart teaching and learning market is likely to grow from $190.0 billion in 2015 to $819.0 billion by 2022. Organizations are rapidly adopting smart teaching and learning products, regardless of the company size in order to provide effective and interactive learning to their employees, however, the global market for smart teaching and learning is dominated by academic segment. Usage of smart teaching and learning products in corporate sector is generating competitive advantages.
Smart teaching and learning products include software, hardware, services and education content. Smart teaching and learning software help education management to manage and reduce risk, provide ability to improve efficiency by streamlining operations, ensure transparency for all parties to the education value chain and provide the ability to track institutional performance against its mission. Hence, schools as well as higher education institutes are increasingly adopting smart teaching and learning products to improve education outcomes.
Geographically, North America has been the largest market for smart teaching and learning. It has been observed that the academics and corporate markets for smart teaching and learning in North America are increasingly adopting analytical solutions for data management. Increasing adoption of analytical solutions is expected to drive the growth of smart teaching and learning market in the U.S. The analytical solutions of this market include learning management system, learning content management system, student management system, employee management system, library management system and others.
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Major players offering software products for smart teaching and learning market include Adobe Systems, Desire2Learn and Educomp Solutions, while hardware providers include Samsung Electronics and Smart Technologies. Services of smart teaching and learning solutions are being offered by Cisco Systems, Smart Technologies and Samsung Electronics, and the education content providers include Mc-Graw Hill Corporation and Pearson, PLC.