Smart Education and Learning Market | Industry Size and Growth Report 2024

Market Overview:
The recent trends in the education system are replacing conventional classroom teachings. Educational institutes are adopting advanced teaching methods and tools that are whiteboards, projectors and smart notebooks. Implementation of such technologies in the classroom enhances understanding of students and give them a more transparent view about what to learn. Easy to access hardware, innovative software and education material providers are making learning easy for students. The global market was worth USD 240 billion in 2019 and is estimated to escalate to USD 560 billion by 2024, with a CAGR of 15.2% in the review period.

Market drivers and restraints:
The major drivers of smart education and learning market are interactive displays hardware market and active learning. The integration of information technology is driving the global market. The rising number of mobile learning applications and professional expertise with technology and towards digital learning are estimated to drive the smart education and learning market.

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Report segmented as:
By component:
• Software
• Services
• educational content
• hardware

By learning mode:
• virtual instructor-led training
• simulation-based learning
• social learning
• blended learning
• adaptive learning
• collaborative learning

By end user:
• academics
• corporate

Geographical analysis:
On the basis of geography, the market is segmented into regions of North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The North American region led the global smart education and learning market in 2017, due to availability of better infrastructure and escalated adoption of technologies in educational institutions in this region. Nevertheless, Asia-Pacific is estimated to show fastest expansion rate in the forecast period.

Important market players:
Some of the major important players operating in the smart education and learning market include Adobe Systems Inc. (U.S.), Blackboard (U.S.), Educomp (India), Cisco Systems Inc. ( U.S.), McGraw-Hill Education (U.S.), NIIT Limited (India), Pearson Plc. (U.K.) Desire2Learn (Canada), SumTotal System, Inc. (U.S.), Smart Technologies (Canada), Ellucian Company L.P (U.S.), Tata Interactive Systems (India), Promethean Inc. (U.K.), Saba Software Inc. (U.S.), among others.

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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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