The size of the global market for smart education and learning, which was 191.32 billion dollars in 2019 and is anticipated to reach 783.48 billion dollars by 2027, will grow at a CAGR of 19.6% during the forecast period.
Smart education and learning approaches have taken the place of traditional teaching and learning methods. This is demonstrated by the transition of traditional learning systems based on chalkboards and blackboards to online or offline interactive learning techniques. The education sector is seeing increased adoption of electronic learning (e-learning), online tutorials, massive open online courses (MOOC courses), mobile education (M-education), and other innovative learning strategies. The fast-paced nature of the modern world requires students to be prepared, which is motivating ed-tech companies to invest in these technologies. TA Notable market growth is being seen in the rising investments in the development of educational technology. Further, government initiatives to promote smart education approaches like e-learning are flourishing in the smart education and learning market.
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Based on channel, deployment mode, application, end-use vertical, and geography, the study thoroughly segments the global data visualization market. Each segment and its corresponding sub-segments are thoroughly examined in the report using a graphical and tabular representation. By using it to identify and develop strategies based on the fastest-growing market segments and those with the highest revenue creation, as highlighted in the report, market players, investors, and new entrants can all profit from this analysis.
COVERAGE OF REPORTS
The market research study on smart education and learning focuses on important factors like top companies, product types, and popular applications of the product and offers a thorough analysis of the market. In addition, the report highlights significant industry developments and provides insights into market trends. The information also includes several other factors that have helped the advanced market expand recently in addition to those mentioned above.
Key Industry Developments:
The British Educational Training Technology Shows and future education technology conferences will feature a new lineup of interactive display panels from SMART Technologies ULC. that bridge physical and digital learning.
KEY INDUSTRY PLAYERS
Interactive smart learning tools are provided by SMART Technologies Inc. The business has released a range of cutting-edge learning solutions over the past 30 years, including smart boards, smart notebooks, connected displays, collaborative software, and accessories.
List of Key Companies Profiled:
- Blackboard Inc. (Washington, D.C., United States)
- Ebix Inc. (Atlanta, Georgia, United States)
- Cisco Systems, Inc. (San Jose, California, United States)
- McGraw Hill (New York, United States)
- D2L Corporation (Kitchener, Canada)
- NIIT (Gurugram, Haryana, India)
- Pearson (London, United Kingdom)
- SkillSoft (Nashua, New Hampshire, United States)
- SMART Technologies ULC (Calgary, Canada)
- Ellucian Company L.P. (Virginia, United States)
- BYJU'S (Bengaluru, Karnataka, India)
- PROMETHEAN LIMITED (Seattle, Washington, United States)
- Saba Software (Dublin, California, United States)
- SAMSUNG (Seoul, South Korea)
- Cengage (Boston, Massachusetts, United States)
- NetDragon Websoft Holdings Limited (Fuzhou, China)
- Absorb LMS Software Inc. (Calgary, Alberta, Canada)
- Cornerstone OnDemand, Inc. (Santa Monica, California, United States)
- Oracle Corporation (Redwood City, California, United States)
- Paradiso Solutions LLC (Silicon Valley, California, United States)
- CrossKnowledge (John Wiley Sons, Inc.) (Suresnes, France)
- JZero Solutions Ltd (Slough, Berkshire, United Kingdom)
- Edmodo (Mariners Island Blvd, San Mateo, CA, USA)
RESTRAINING FACTORS
Even though developed educational institutions are making every effort to increase student engagement, certain factors are restricting the potential for the growth of the smart education market. The benefits of cutting-edge learning platforms are still largely unknown to many businesses in developing nations. In addition, the high setup and implementation costs associated with e-learning systems, digital classrooms, and smart classrooms have restricted their uptake, limiting the market expansion for smart education and learning.
REGIONAL INSIGHTS
Geographically, the market is examined in five key areas: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. They are divided further into nations.
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