Global Smart Education & Learning Market Size, Share, Growth,...

Global Smart Education & Learning Market Size, Share, Growth, Trending Report 2030

Posted 2023-05-16 07:42:55

Over the course of the period covered by this projection, the market for smart education and learning is expected to experience significant expansion. In terms of revenue, the global market for smart education and learning was valued at 201.54 billion US dollars in 2022. It is projected to reach 985.33 billion US dollars by 2030, expanding at a compound annual growth rate (CAGR) of 22.6% during the course of the forecast.

The Market for Intelligent Education and Learning: An Overview

The terms "smart education" and "smart learning" refer to an electronic technique of education and learning that makes use of various learning applications and software. A paradigm shift in how students gain access to education can be achieved through the implementation of smart education and learning practices, which make use of emerging technology to facilitate universal learning for students. This approach makes use of cutting-edge technology to assist both educators and students in improving their own training. Intelligent education and learning can be accomplished by the utilization of forward-thinking methods and tools such as digital learning environments, virtual schools, cell phones, and a variety of other options.

Students are given the opportunity to interact with one another through the use of online teaching platforms and to participate in a discussion thread in order to find solutions to their questions as part of smart education and learning. Students have the option to evaluate themselves in comparison to other students in their discipline to determine whether or not their learning achievements are adequate.

Smart education enables teachers to develop better instructional styles to meet the needs of students. Smart education and learning ensure continuous development by tracking the progress of learning goals. Smart education is making learning accessible to everyone through their smartphones and is a great tool for knowledge sharing.

Smart Education & Learning Market: Growth Factors

The expansion of the sector is being driven by an increase in demand for individualized instruction as well as progress made in digital literacy.

The global market for smart education and learning is being propelled forward by a number of forces, the most important of which are the rapid development of technology, the growing need for individualized educational experiences, and the increased acceptance of online educational services. The incorporation of technologies such as artificial intelligence, machine learning, virtual and augmented reality, and other similar tools into educational systems is causing traditional teaching techniques to undergo a transformation while also making learning more dynamic and interesting.

Smart Education & Learning Market: Segmentation

The market for smart education and learning on a global scale can be broken down into distinct submarkets according to stage, component, end-user, learning method, and geographic location.

The market can be broken down into Pre-Primary and Primary Stages, Middle Stage, Secondary and Higher-Secondary Stages, Undergraduate and Postgraduate Stages, and other stages based on the level of education being pursued. It is anticipated that the secondary and higher secondary segment would continue to grow fast at a rapid compound annual growth rate (CAGR) during the course of the forecast period. In 2022, the secondary and higher secondary segment had the dominant market share.

The market for intelligent education and learning is divided into the service sector, the software sector, and the hardware sector based on the components. The service sector captured the lion's share of the market in 2022 and is anticipated to continue expanding at a considerable compound annual growth rate (CAGR) during the timeframe of the projection. This expansion is being driven by the growing adoption of intelligent education and learning solutions, which call for specialized skills and support in order to be successfully implemented and maintained. Service providers provide a variety of services, including needs assessment, solution design, customization, deployment, training, and ongoing technical support. Some of the services they offer are listed below.

Smart Education & Learning Market: Regional Analysis

During the time of the forecast, the North American region is expected to have the greatest impact on the worldwide market.

The North American area held the greatest market share for smart education and learning in 2022 and is expected to continue to grow gradually over the forecast period. This is based on the consideration of geography. Because of the growing use of digital technologies in the education sector, the market for intelligent education and learning in North America is seeing substantial expansion. This growth is being driven by the increasing use of these technologies. In addition to having a highly developed technology infrastructure and favorable government regulations that facilitate the adoption of smart education and learning solutions, the region is home to several major firms in the smart education and learning market.

Smart Education & Learning Market: Competitive Players

The major players in the global smart education & learning market include:

IBM
Microsoft Corporation
Adobe Inc.
Blackboard Inc.
Pearson plc
McGraw-Hill Education
Oracle Corporation
Cisco Systems Inc.
NIIT Limited
Saba Software Inc.
D2L Corporation
Cornerstone OnDemand Inc.
Citrix Systems Inc.
SMART Technologies
IBM Watson Education
Promethean World Ltd
Aptara Inc.
SumTotal Systems LLC
Edmodo
Udacity
Coursera
Pluralsight LLC
Lynda.com Inc.
Skillshare Inc.
Knewton Inc.
Among Others.

The report segment of global smart education & learning market is as follows:

By Stage

Pre-Primary & Primary Stage
Middle Stage
Secondary & Higher-Secondary
Undergraduate & Postgraduate
By Component

Hardware
Software
Service
By Learning Mode

Adaptive Learning
Blended Learning
Collaborative Learning
Social Learning
Simulation-Based
Virtual Instructor LED Training
By End-User

Corporate
Academic
By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa