Smart Education and Learning Market Size to Grow at a CAGR of 18.80% in the Forecast Period of 2023-2028

Smart Education and Learning Market Size to Grow at a CAGR of 18.80% in the Forecast Period of 2023-2028

August 23, 2023

The ‘Global Smart Education and Learning Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global smart education and learning market, assessing the market on the basis of its segments like components, learning modes, end-users, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Smart Education and Learning Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 18.80%
• Forecast Market Size (2028): Nearly USD 610.6 Billion

A major factor driving the global smart education and learning market is the increasing adoption of smartphones, tablets, and laptops by students and instructors. Students can now easily access study materials, online courses, and educational apps anytime through these devices. Many e-learning courses also provide self-paced learning options and additional materials to improve learners’ experiences. Moreover, there has also been an increase in online forums and virtual meeting apps where students can clarify their queries, ask questions, and collaborate with other learners.

Another factor that positively affects the global smart education and learning market is the increased usage of Software as a Service (SaaS) in the education sector. Increased internet connectivity, combined with the growing usage of smart devices, is further leading to an increase in the usage of software as a learning platform. Advancements in technologies and the growing integration of cloud-based learning services have also contributed to the market growth. Furthermore, the widespread implementation of LMS (learning management system) in schools and colleges to keep track of the students’ academic scores, performance, attendance, and extracurricular activities, among others, is expected to propel the market in the coming years.

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The global smart education and learning market is also being fuelled by the growing trend of collaborative learning, which boosts student engagement and fosters a sense of community among learners. It encourages the active participation of students and empowers them to share ideas, hold discussions, and collaborate with their peers to promote team building. This collaborative experience also improves the social and communicational skills of learners and removes geographical barriers associated with traditional methods of education, supporting the market for smart education and learning.

Several government initiatives aimed at boosting the accessibility to high-speed internet, promoting digitalisation, and developing infrastructure such as smart labs to facilitate learning positively influence the global smart education and learning market. Governments are also attempting to incorporate technologies in the educational sector to combat issues like data security, privacy, and content accessibility.

Smart Education and Learning Industry Definition and Major Segments

Smart education and learning is an education system that relies on digital technology to provide innovative learning experiences to students. Collaborative, innovative, and visual teaching methods are used in such systems to enhance the students’ skills, provide them with enhanced flexibility, and improve their learning processes.

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On the basis of component, the market is classified into:

• Hardware
• Software
• Service

Based on learning mode, the market is categorised into:

• Social Learning
• Blended Learning
• Virtual Instructor Led Training
• Collaborative Learning
• Simulation-Based Learning
• Adaptive Learning

On the basis of end-user, the market is segmented into:

• Corporate
• Academic

Based on region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Smart Education and Learning Market Trends

A key trend propelling the growth of the global smart education and learning market is advancements in technologies like artificial intelligence, augmented reality, cloud services, and blockchain to improve the online learning system. Technologies like augmented reality encourages active participation from students and promote interactive learning. Meanwhile, artificial intelligence aids in maintaining the record of students’ performance while providing innovative ideas to make digital education more interesting. Additionally, blockchain improves efficiency for instructors and provides students a secure access to their academic records.

The increase in digitalisation has led to the deployment of smart boards in various schools and educational institutions. There is also a growing implementation of hardware devices like smart projectors, whiteboards, smart notebooks, and smart displays among others, to enhance the engagement of students and revolutionise classroom learning. Moreover, the surging focus on integrating innovative technologies with the traditional system to ease the adoption of new learning models is propelling the global smart education and learning market development.

Educational institutes are focused on making their classrooms smart by implementing tools and technologies to enhance the teaching and learning experience. Furthermore, the incorporation of learning management systems (LMS), learning apps, and online forums in educational institutions is anticipated to propel the smart education and learning market in the forecast period.

North America accounts for a substantial share of the market owing to the increasing adoption of e-learning in educational institutes. The wide usage of electronic devices like smartphones, laptops, tablets, and desktops further supports smart learning by facilitating easy access to the curriculum, classes, and recorded lectures from the devices anytime.

The Asia Pacific is also expected to witness a robust growth in the forecast period due to the expansion of digital education system in developing economies. Several government bodies are working on promoting smart learning through programs to impart knowledge about the new age of education.

Key Market Players

The major players in the global smart education and learning market report are

• Adobe Inc.
• Blackboard Inc.
• Cisco Systems, Inc.
• Ellucian Company L.P.
• McGraw Hill
• MPS Interactive Systems Limited
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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