Smart Education and Learning Market to Reach USD182.67 Billion By 2026
Increased adoption of artificial intelligence
and increased enrolment in massive open online courses to drive the growth of Global
Smart Education and Learning Market through 2026.
According to TechSci Research report, “Global Smart Education
and Learning Market By Component (Hardware
(Interactive Whiteboards,
Interactive Displays, Others), Software (Integrated Solutions, Standalone
Solutions), Services (Professional, Managed), By Learning Type (Synchronous and
Asynchronous), By Learning Mode (Virtual Instructor-Led Training, Adaptive
Learning, Collaborative Learning, Blended Learning, Simulation Based-Training,
Social Learning and Others), By End User (Academics, Enterprises), By
Deployment Mode (On-Premise, Cloud), By Type of Content (Video Based Content ,
Text Content, Audio Based Content), By Region, Competition, Forecast
& Opportunities, 2026”, the
Global Smart Education and Learning Market was valued at USD69.48 billion in 2020 and is expected to
grow at a CAGR of 17.01% during the forecast period owing to the increased adoption
of artificial intelligence (AI), augmented reality & virtual reality, and
increased enrollment in massive open online courses across the globe. Favorable government regulations and
acceptance of gamification strategy in online teaching are further propelling growth in the market.
Browse 286 Figures spread through 346 Pages and an in-depth TOC on "Global
Smart Education and Learning Market "
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The Global
Smart Education and Learning Market can be segmented based on component, learning
type, learning mode, end user industry, deployment mode, type of content and
region. Based on component, the market can be segmented into hardware, software
and services. The hardware segment is further segmented into interactive whiteboards,
interactive displays and others including tablets, smart notebooks, etc. The
software segment is further bifurcated into integrated solutions and standalone
solutions. The services segment is further bifurcated into professional and
managed services. The hardware component segment held a market share of 54.09%
in the year 2020 in the global market. In terms of learning type, the market
can be bifurcated into synchronous and asynchronous. The asynchronous segment is
estimated to grow at a rapid pace with a CAGR of 18.60% in the forecast period
primarily because of the flexibility of accessing the modules at any time
suitable to the user. Based on learning mode, the market can be segmented into virtual
instructor-led training, adaptive learning, collaborative learning, blended
learning, simulation based-training, social learning and others including
radio-based learning, mobile learning, etc.
The virtual instructor-led training mode is estimated to hold a share of 22.30%
in the year 2020 in the market, however adaptive learning mode is expected to
grow at a higher rate with a CAGR of 17.74% in the forecast period. In terms of
end users, the market can be segmented into academics and enterprises. The
academics segment dominated the market with a share of 79.83% in the year 2020.
Based on deployment mode, the market can be segmented into on premises and
cloud. The on-premises segment held 51.27% share of the market in the year
2020, however the cloud segment is estimated to grow at a higher CAGR of 18.26%
in the forecast period. Based on type of content, the market is segmented into visual
based content, text content and audio-based content. The visual based content
dominated the market with a share of 51.32% in the year 2020 and is expected to
dominate the market in the forecast period as well.
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Samsung Electronics Co. Ltd., Alphabet Inc., Oracle Corporation, Pearson
Plc, Microsoft Corporation, IBM Corporation, Panasonic Corporation, SAP SE, LG
Electronics Incorporation., Blackboard Inc. are among the leading players operating in the
Global Smart Education and Learning Market. Companies operating in the market
are using strategies such as product advancement through the addition
of new features, mergers, and collaborations to boost their share.
“Smart education represents learning in the digital era. It offers the
users the opportunity to learn in the environment they are comfortable in. The
governments across the globe are taking initiatives to promote the smart
education and learning. Asia Pacific region is expected to be the fastest
growing region for smart education and learning primarily due to increased
adoption of advanced technologies and the increasing usage of internet in the
region. Various governments initiatives such as the e-school bag project in
China, PM eVidya initiative in India, etc have propelled the growth of the
smart learning in the region. Also, due to the COVID-19 pandemic, the
governments across the globe were forced to shutdown the educational institutes
and facilities and were compelled to switch to the online learning mode which
resulted in the expansion of the smart education and learning methods and
technologies”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Global Smart Education
and Learning Market By Component (Hardware (Interactive Whiteboards, Interactive Displays, Others),
Software (Integrated Solutions, Standalone Solutions), Services (Professional,
Managed), By Learning Type (Synchronous and Asynchronous), By Learning Mode
(Virtual Instructor-Led Training, Adaptive Learning, Collaborative Learning,
Blended Learning, Simulation Based-Training, Social Learning and Others), By
End User (Academics, Enterprises), By Deployment Mode (On-Premise, Cloud), By
Type of Content (Video Based Content , Text Content, Audio Based Content), By
Region, Competition, Forecast & Opportunities, 2026” has
evaluated the future growth potential of the Global Smart Education and
Learning Market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Global Smart Education
and Learning Market.
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