Smart Learning Market Rapid Rise in Industrialization Plays Key Role in Market Development 2019-2026

Global Smart Learning Market Analysis 2026:
Smart learning is also called intelligent education; it consists of new educational contexts in which the significance is emphasized on the student's utilization of technology to digest knowledge and skills more effectively and efficiently. Smart learning mainly focuses on the areas such as design-based smart learning, corporate learning, and innovative higher education. In addition, educational institutions are offering flexible smart learning processes for all, regardless of physical abilities, gender, age, and religion. Technological enhancement in Smart learning enables teaching with interactive displays, collaborative learning, animated modules and videos for tech-savvy students and the remote classroom access.

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Implementation of advanced technologies in the smart learning is expected to drive the Global Smart Learning Market
Extensively increasing adoption of high-tech education tools by academic institutes is one of the significant factors for the growth of the smart learning market. For instance, in ASU (Arizona State University), more than 65,000 students have benefited from an adaptive learning platform in 12 courses. A flexible and smooth learning process along with the implementation of advanced technologies in the classroom develops the understanding of students, is anticipated to drive the global market. As per the report of Education Commission Learning Generation, it is estimated that, by 2030, around 825 million young generations would reach adulthood without crucial skills such as employability skills. Therefore, WDR (World Development Report) is focusing more on countries to invest heavily in education and health sectors. These factors are also anticipated to fuel the growth of the market.

Rigid nature of traditional education system is projected to restrain the growth of the Global Smart Learning Industry
Affordability in conventional education and the rigid nature of traditional education are some of the major factors restraining the growth of the smart learning market. For example, research conducted by the World Economic Forum predicts that around 65% of students studying in primary school will be involved in the job/occupation that today doesn't exist worldwide. Moreover, educational institutions of developing countries are highly focused on managing finance, buildings, and personnel rather than the important task of learning management. In addition, lack of awareness and lack of technological adoption of smart

Smart learning is considered an essential tool to ensure an optimistic future for the education system, across the globe. AR (augmented reality) and VR (virtual reality) have the potential to provide a platform for the students to an immeasurable range of virtual possibilities such as visiting geographical locations or momentous historical events. Also, it helps witnessing natural disasters without any type of risk. AR and VR platforms make highly visual and hands-on learning; also, they motivate students to learn. Moreover, VR has features such as Immersive graphics, attractive animation, and better visualization. Therefore, leveraging AR/VR in smart learning is anticipated to create vast opportunities for the growth of the global smart learning market.

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Software segment will be most lucrative till 2026
The software segment of the smart learning market is the fastest-growing segment, and it is anticipated to generate a noticeable revenue, during the forecasted period. Online solutions offer virtual classrooms (AR/VR), enabling tutors to manage a large number of students. In addition, software solutions also provide educational institutions with Enterprise Resource Planning (ERP) systems that help teachers to manage classrooms and the proficiency of school. Furthermore, tests and assessment and mobile education applications are also projected to boost the growth of the market.

The report also presents key market players
o IBM
o Blackboard Inc.
o SMART Technologies ULC
o Saba Software.
o Adobe
o Oracle
o SAP
o Microsoft
o Cornerstone
o D2L Corporation

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