Smart Education and Learning Market Trends 17.7% CAGR and Worth US$1,047.75 Billion by 2026 | Educomp Solutions Ltd., Adobe Systems Incorporated, Blackboard, etc
The Global Smart Education And Learning Market is forecast to reach USD 1,047.75 Billion by 2026, according to a new report by Reports and Data. Smart education can also be summed up as the application of smart devices to enhance the learning outcome of traditional education. It develops the learners with the skills needed for a digital future that will have more innovative ways of performing a task. It supports reachability for students who can access education remotely.
Students have the scope of collaborating with others on virtual learning platforms, take part in online discussion threads to resolve their queries, take up Massive Online Open Courses (MOOC) from the best universities around the globe without physically attending the course, are some of the benefits of this form of education. In regards to region, Europe occupies a prominent market position. The market position held by Europe is resultant of the continuously growing demand for eLearning, emphasis on professional developments, and technological advancements.
Further key findings from the report suggest
- The smart education and learning market held a market share of USD 233.75 Billion in the year 2018 and is forecasted to experience a CAGR of 17.7% during the forecast period.
- In regards to Age, the 30-45 segment is projected to witness the fastest growth rate of 18.4% during the forecast period, which is expected to occupy 22.0% of the market by 2026. The growth rate experienced by the 30-45 segment is resultant of increasing development and demand of corporate smart education for training and professional development purposes in various organizations in different sectors.
- In context to End-user, the Academic segment held the largest market share of 69.0% in 2018, with a CAGR of 16.8% during the forecast period. The market share occupied by the Academic segment is attributed to rising demand for eLearning in the academic sector and associated increased demand for Virtual Instructor-led Training (VILT), and education content, that have increased the use of this form of learning in educational institutions.
- In regards to region, Asia Pacific is forecasted to witness the fastest growth rate of 18.3% during the forecast period, which occupied 23.0% of the market in 2018. Increased governmental emphasis on rural education, and development of technological infrastructure contributes to the expansion of the market in the APAC region.
- Key participants Educomp Solutions Ltd., Adobe Systems Incorporated, Blackboard, Inc., Cisco Systems, Inc., Niit Limited, Mcgraw-Hill Education, Pearson PLC, Sum Total Systems, LLC., Samsung Electronics Co., Ltd. and Smart Technologies, Inc.
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For the purpose of this report, global smart education and learning market according to Component, Learning Mode, Age, End-user, and Region:
Component Type Outlook (Revenue, USD Billion; 2020-2026)
- Software
- Adaptive Learning Platform
- Learning Management System (LMS)
- Assessment System
- Learning Content Management System
- Others
- Hardware
- Interactive Display
- Interactive White Boards (IWB)
- Student Response Systems
- Interactive Tables
- Interactive Projector
- Service
- Education Content
- Managed and Professional Service
Learning Mode type Outlook (Revenue, USD Billion; 2020-2026)
- Collaborative Learning
- Blended Learning
- Virtual Instructor-Led Training
- Adaptive Learning
- Simulation-Based Learning
- Social Learning
Age Type Outlook (Revenue, USD Billion; 2020-2026)
- 46-above
- 30-45
- 19-29
- 10-18
- 5-10
End-User Type Outlook (Revenue, USD Billion; 2020-2026)
- Academic
- Higher Education
- K-12
- Corporate
- Large Enterprises
- Small & Medium Businesses
Regional Outlook (Revenue, USD Billion; 2020-2026)
- North America
- S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Smart Education and Learning Market Segmentation & Impact Analysis
4.1. Smart Education and Learning Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The increasing demand for eLearning in the academic and corporate organizations
4.2.2.2. Developments in the handheld devices connectivity
4.2.2.3. The rising collaboration between educational content providers and hardware vendors
4.2.3. Market restraints analysis
4.2.3.1. Limitation of resources, expertise, and knowledge in developing regions
4.2.3.2. Lack of customization feasibility scopes for end-users
4.2.3.3. Issues with system integration
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis
Chapter 5. Smart Education and Learning Market By Component Insights & Trends
Chapter 6. Smart Education and Learning Market By Learning Mode Insights & Trends
Chapter 7. Smart Education and Learning Market By Age Insights & Trends
Chapter 8. Smart Education and Learning Market By End User Insights & Trends
Chapter 9. Smart Education and Learning Market Regional Outlook
Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Educomp Solutions Ltd.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Adobe Systems Incorporated
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Blackboard, Inc.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Cisco Systems, Inc.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. Niit Limited
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Mcgraw-Hill Education
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives
11.7. Pearson PLC
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Technology Insights
11.7.4. Strategic Initiatives
11.8. Sum Total Systems, LLC.
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Technology Insights
11.8.4. Strategic Initiatives
11.9. Samsung Electronics Co., Ltd.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Technology Insights
11.9.4. Strategic Initiatives
11.10. Smart Technologies, Inc.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Technology Insights
11.10.4. Strategic Initiatives
Continued…..
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