Use of Analytical Applications Helping Smart Teaching and Learning Market Advance

The main reasons behind the growth of the smart teaching and learning market are the rising adoption of analytical applications, popularity of learning analytics software deployed on cloud, number of virtual schools, and usage of such solutions because of their cost efficiency. Smart teaching and learning simply refers to the integration of digital technologies in the education process. On the basis of product, the market is categorized into software, hardware, education content, and services.

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Among these, the software category dominated the smart teaching and learning market in the past. During the forecast period, services are projected to witness the highest value CAGR, owing to the increasing requirement for cloud solutions, learning analytics, and digital libraries, as well as for speedy deployment of the solutions and savings on operational cost. Blended, virtual instructor-led training (VILT), collaborative, adaptive, and simulation-based are the various divisions under the learning mode segment.

Historically, the market was led by the blended division, and the scenario would be the same during the forecast period. However, in the coming years, the VILT division is expected to progress the fastest, as a result of the its cost-effectiveness and the fact that this mode results in better learning. The primary reason for the cost-effectiveness of VILT is that it does not entail expenses for tutor travel and accommodation and learning material.

The rapid adoption of next-generation teaching methods in the education sector is a major trend in the smart teaching and learning market. With swift digitization, mobile learning, virtual classes, gamification, and tablet computing are replacing the conventional black-board-and-chalk teaching methods. Integrating digital technologies in the system lets teachers share their resources and ideas over the internet or cloud, while students benefit by honing their valuable research skills. Additionally, with the endless knowledge available online, students no longer have to be influenced by just one teacher's opinions on a subject.

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Another factor behind the prosperity of the smart teaching and learning market is the rising number of virtual schools. An increasing number of such institutions are being set up, primarily in Asia-Pacific (APAC), while the existing ones are becoming more learner-friendly and efficient. Such schools bring together teachers as well as students from different regions on one platform, thereby strengthening the entire educational system, via video, audio, real-time, and interactive sessions.

In the historical period, the largest revenue share in the smart teaching and learning market was held by North America, as educational institutes as well as business organizations are swiftly shifting to advanced methods of imparting knowledge, from traditional ones. Further, analytics solutions, which consist of learning management systems, learning content management systems, student management systems, employee management systems, and library management systems, are being integrated to manage data. During the forecast period, the Latin American region is expected to observe the most rapid progress in the market.

Hence, with the increasing number of virtual schools and rapid digitization rate, the demand for smart teaching and learning solutions would surge further.

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