Press release
COVID-19 impact on Smart Learning Market and How Technological Innovations To Reshape The Education System And Boost The Growth Of The Smart Learning Market
Smart Learning Market
1 Porter's Five Forces Analysis for Smart Learning Market:
o Negotiating Power of Suppliers:Smart learning market contains high concentration of large and small & medium size suppliers and negotiating power is predicted to be high. The cost of the advanced education tools variesfrom one supplier to another. However, increasing user demand is generating vast growth prospects in the industry. The negotiating power of suppliers is HIGH.
o NegotiatingPower of User: Smart learning market contains high number of users, but cost associatedwith the advanced learning platforms is high. Also, preference towards digital classrooms of the conventional classrooms is projected to enhance the demand for smart learning tools. The negotiating power of the user is HIGH.
o Risk of New Entrants: This marketneeds high initial investments for the implementation of smart education and learning technologies. In addition, dearth of resources in the developing economies is also predicted to hamper the market size and result in high risk for new participants. The risk of new participantsis LOW.
o Risk of Alternatives: This market contains fewer alternative systems & technologies and delivers significant demand for the smart learning tools. The risk of alternates is LOW.
o Competitiveness in the Industry: Smart learning market has high number of significant players. These players are emphasizing on product developments and R&D activities to improve the product performance and quality. Most of the players have adopted same strategies to strengthen their presence in the global market. The competition in the industry is HIGH.
Check out How COVID-19 impact on the Smart Learning Market. Click here to Speak with Analyst @ https://www.researchdive.com/connect-to-analyst/133
Smart Learning Market Drivers: Growing acceptance of e-learning in academic & corporate sectors along with technological improvements in smart education is the major driver for the global smart learning market growth. In addition, smart learning has observed a growth in its adoption due to several benefits including convenience and improved focus of learners. Moreover, it has empowered both students and teachers to enhance their efficiency and productivity. These abovementioned factors will boost the market growth in the projected time. In addition, growing trend of emergence of bring your own devices (BYOD) is estimated to rise the implementation of smart education and learning platforms, creating growth opportunities in the global market. Furthermore, growing number of virtual schools across the globe is also further estimated to fuel the market growth in the coming years.However, heavy investments are needed for implementation of advanced teaching technologies, which is a major restraining factor for the growth of the smart learning market.
Technical advancementsand implementation of AR/VR in smart learning is expected to create enormous investment opportunities in the smart learning market @ https://www.researchdive.com/purchase-enquiry/133
2 Smart Learning Market Segmentation by Component
o Hardware
o Software
o Services
Growing adoption of most advanced technologies is a major driving factor for the global smart learning market @ https://www.researchdive.com/download-sample/133
Software component segment registered the highest global smart learning market share in 2018; it was valued at $7,898.8 million and is projected to generate a revenue of $33,009.7 million till 2026. Software based online platforms provide digital classrooms with enabled virtual reality, and this softwareis widely being used in smart schools and emerging educational institutions.This factor is projected to drive the smart learning market growth in the coming years. Services component segment will garner up to $19,286.6 million in 2026 and is anticipated to grow at a health rate of 19.4% CAGR during the forecast timeframe.
3 Smart Learning Market Segmentation by Learning Type
o Synchronous Learning
o Asynchronous Learning
Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/133/smart-learning-market
Asynchronous segment will witness to grow at a rate of 20.6% CAGR and is projected to generate a revenue of $37,905.5 million by the end of 2026. Asynchronous learning can enable student & teacher collaborations and is available in both offline and online modes; this aspect will further help to enhance the market size in the forecast period. Synchronous segment accounted for evident market share in 2018 and is projected to experience a healthy growth throughout the projected time. This growth is attributed to major benefits of synchronous learning such as classroom engagement, dynamic learning and enabling regular & frequent interactionof students with professors.
4 Smart Learning Market Segmentation by End User
o Academic
o Learning
The smart learning market for enterprise segment will experience a noteworthy growth and will reach up to $35,160.9 million by 2026, growing with a significant rate of 21.5% CAGR. Most of the multinational enterprises are increasing adoption of smart learning tools to train and employees, thereby reducing their total expenditure because such enterprises are located at several places. The market for academic segment held the highest smart learning market size and is projected to generate a revenue of $39,273.6 million till 2026 with a 17.4% CAGR. Growing demand for online learning tools in the academic segment and increasing adoption of smart learning tools by most of the educational institutes is anticipated to impel the academic smart learning market growth in the projected time.
5 Key Players
o IBM
o SMART Technologies ULC
o Saba Software
o SAP
o Cornerstone
o Huawei Technologies Co., Ltd
o McGraw-Hill
o Alphabet
o Blackboard Inc.
o SAMSUNG
o Adobe
o Oracle
o Microsoft
o BenQ
o Pearson
o CrossKnowledge
North America held largest smart learning market share in 2018, which was over 32.0% and is predicted to retainits dominance over the global market throughout the forecast time. The growth is attributed to the presence of well-established education infrastructure along with significant manufacturers in the North America. In addition, significant rise in the number of mobile education applications along with rapid growth in the technological innovations due to internet penetrations is projected to boost the market growth in the coming years. Asia-Pacific market is anticipated to generate significant revenue and is anticipated to reach up to $17,654.6 million by the 2026. Growing awareness about digital education platforms delivering massive support for the implementation of smart learning process by the educational organizations is estimated to boost the market growth in Asia-Pacific.
The major smart learning market players include SMART Technologies ULC, IBM, Saba Software, Huawei Technologies Co., Ltd, Cornerstone, McGraw-Hill, Alphabet, SAP, Blackboard Inc., Adobe, SAMSUNG, Oracle, BenQ, Microsoft, CrossKnowledge and Pearson. These players are implementing several strategies such as new product launches, collaboration & partnerships, R&D investments and joint ventures to gain majority of market share in the global market.
Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog
Follow us: https://marketinsightinformation.blogspot.com/
About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release COVID-19 impact on Smart Learning Market and How Technological Innovations To Reshape The Education System And Boost The Growth Of The Smart Learning Market here
News-ID: 2030572 • Views: …
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to …
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % during…
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb …
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe from…
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 …
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garnered…
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 …
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a high…
More Releases for Learning
Artificial Intelligence (AI) Accelerator Market Size to Witness Growth Accelerat …
Global "Artificial Intelligence (AI) Accelerator Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete…
Understanding Transfer Learning in Machine Learning
Machine learning (ML) is a rapidly evolving field, constantly introducing new concepts and techniques that push the boundaries of what computers can achieve. One such breakthrough is "transfer learning," a method that leverages pre-existing knowledge to solve new, related problems more efficiently. In this comprehensive article, we'll decipher what transfer learning entails, its significance, methodologies, applications, challenges, and prospects.
What is Transfer Learning?
Transfer learning is a machine learning technique where a…
Learning Services Outsourcing Market Giants Spending Is Going to Boom | Caveo Le …
The latest study released on the Global Learning Services Outsourcing Market by AMA Research evaluates market size, trend, and forecast to 2028. The Learning Services Outsourcing market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download…
Virtual training computers for e-learning, blended learning and self-organized l …
The desktop-as-a-service (DaaS) provider deskMate, which specializes in virtual training computers offers its training customers "Validity Time", a function with which practice-oriented e-learning, blended learning and self-organized learning units can be mapped in a participant-friendly manner.
In the case of self-organized learning forms, the participant determines the pace at which he or she works and also when which exercise module is worked on. For this reason, software exercises have been difficult…
Learning Services Outsourcing Market to See Huge Growth by 2027 | Judge Learning …
Advance Market Analytics published a new research publication on “Global Learning Services Outsourcing Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Learning Services Outsourcing market was mainly driven by the increasing R&D spending across the world.
Some of the key…
Learning Services Outsourcing Market Seeking Excellent Growth |Judge Learning So …
HTF MI Analyst have added a new research study on Title Global Learning Services Outsourcing Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 with detailed information of Product Types, Applications [Certificate, Diploma and Others] & Key Players Such as Caveo Learning (United States), Judge Learning Solutions (United States), NetCom Learning (United States), NetCom Learning (United States), The Training Associates Corporation (Canada), Cognizant (United States), Cegos (France),…
