The global smart education and learning industry share is anticipated to reach USD 665.12 billion by the end of 2026, owing to the growing advancement in learning platforms. As per this report, the market was worth USD 166.30 billion in 2018. However, it is expected to witness a remarkable growth by exhibiting a CAGR of 19.5% during the forecast period between 2019 to 2026.
The report tShrows light on the competitive landscape of the smart education and learning market with a list of significant players and the key strategies adopted by them to stay put in the competition. The report also mentions major growth trajectories such as drivers, restraints, challenges, and opportunities. It further presents extensive details of all the segments present in the market, along with base figures, forecast figures, and CAGRs. The report is available for sale on the company website.
Adoption of Internet for Educational Purposes Will Boost Market Growth
The rapid adoption of smartphones and other smart gadgets for educational purposes and the easy availability of high-speed internet are two of the prime factors boosting the smart education and learning market growth. Besides this, the adoption of e-learning and rising government support for promoting online education would also help in increasing the overall smart education and learning market size in the forecast period. E-learning is a cost-efficient and more convenient way of learning as it provides training and tutorials from experts, improved courses, certification programs, and others.
North America to Dominate Backed by Increasing Penetration of Smartphones
Geographically, the global smart education and learning market is segregated into the Middle East and Africa, Latin America, North America, Asia Pacific, and Europe. These regions are further classified nation wise. In 2018, North America had generated a revenue of USD 59.42 billion which is further anticipated to rise to USD 240.44 billion by the end of 2026. This is attributable to the stability in economic growth, rapid adoption of technological developments, and the rising penetration of smartphones across the region.
Smart Education Courses Through Applications and Programs to Intensify Competition Among Players
Companies are introducing new learning solutions and applications of various courses for children belonging to different educational boards in order to gain high smart education and learning market revenue in the forecast period. Learning applications will help students to master over tough concepts through visual and personalized learning programs. Programs and solutions, such as Blackboard Instructor App, Home Learning Program, GO, Smart STEM, HealthSet, and others would not only intensify the market competition but would also help in attracting high revenues during the forecast period.
Some of the key players present in the smart education and learning market include:
- Ebix, Inc.
- Cisco Systems, Inc.
- Pearson
- D2L Corporation.
- Ellucian Company L.P.
- BYJU’S
- SAMSUNG
- Cengage
- PROMETHEAN LIMITED
- Saba Software
- SkillSoft
- SMART Technologies ULC
- McGraw-Hill
- NIIT
- Adobe
- Blackboard, Inc.
The report tShrows light on the competitive landscape of the smart education and learning market with a list of significant players and the key strategies adopted by them to stay put in the competition.
The report also mentions major growth trajectories such as drivers, restraints, challenges, and opportunities. It further presents extensive details of all the segments present in the market, along with base figures, forecast figures, and CAGRs. The report is available for sale on the company website.
These regions are further classified nation wise.
This is attributable to the stability in economic growth, rapid adoption of technological developments, and the rising penetration of smartphones across the region.
Rеаѕоnѕ to Get thіѕ Rероrt:
- A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
- Data on market value for each section and sub-segment
- Indicates the region and market segment that is likely to expand the fastest and dominate the market.
Report Aim & Scope:
- The report presents the estimated market size by the end of the forecast period.
- The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
- The report analyzes the growth rate, market size, and valuation of the market during the forecast period.
In recent years, the world has observed a substantial increase in the urbanization rate, which has resulted in the rising disposable income of the people across the world. Hence, most of the people are inclined towards buying luxurious products as per their requirements. Thus, this is an important factor driving the growth of this market.
