Corona Virus Crisis Impact on Smart Learning Market and its Competitive Landscape Analysis with its Future Growth

1 Technological innovation - the major growth factor of smart learning market

The successive wave of technological innovations has reshaped almost every sphere of business and the world. The world has been disrupted by the wonders of technology such as AR, VR, IoT and Blockchain, Big Data, or robotics. This wave has touched and revolutionized every sphere ranging from healthcare, lifestyle, retail, aerospace, media, logistics, and education to name a few.

2 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.

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This wave has also came with new armors to change and redefine the way of education. AR and VR, gamification have made learning more fun, engaging, and efficient than ever. In this process of learning and teaching, smart devices are used in a great way. Hence it is called smart learning.

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

3 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

Learners can access digital resources in their smart devices using Wi-Fi directly which help them experience of personalized, seamless learning.
Apart from this, smart learning environment also enables the students to experience interactive and engaging learning systems remotely. Smart learning solutions also offer the students personalized guidance whenever needed, reference tools to solve complex problems as required.

4 Recent Developments

According to a recent report , the leading players of the smart learning market arePearson, SMART Technologies ULC,IBM, Saba Software, McGraw-Hill,SAP,SAMSUNG, Cornerstone, Huawei Technologies Co., Ltd, Alphabet, Blackboard Inc., Adobe, Oracle,CrossKnowledge, and Microsoft, BenQ.

Here are a few vignettes of recent developments in the market:

o Pearson, one of leading market player has recently announced the acquisition of the digital learning technology from Smart Sparrow. Smart Sparrow is an edtech solution provider based out of Sydney, Australia. The value of the deal is US $25 million.
The acquired technology will contribute significantly in enhancing the current capabilities of Pearson in adaptive learning. It will also help accelerate the roll-out of Pearson's Global Learning Platform (GLP).

o Authessis a developer of an assessment platform used by students, educators and employers which is based out of Boston. The company has been acquired by the academic and research publishing platform, Elsevier which is well-known for its subscription journals.
The market players are adopting several smart strategies including product innovation and launches, current technology upgradation, mergers and acquisitions, and partnerships and collaborations to grab the highest market size.

5 Smart Learning Market Segmentation by Learning Type

o Synchronous Learning
o Asynchronous Learning

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6 A brief outlook on the growth factors

The growing application of high-level education technologies by the academic institutes around the world is one of the significant growth boosters of the smart learning market.

7 Smart Learning Market Segmentation by End User

o Academic
o Learning

Here's an instance: in Arizona State University (ASU), nearly 65,000 scholars have benefited from an advanced learning technology platform inclusive of more than 12 academic courses.

8 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

Another factor impelling the growth of the global smart learning is the smooth education process conferred by implementation of innovative technology platforms in the classroom.
Moreover, growing acceptance of smart learning process by the educational organizations to reduce the training costs is anticipated to enhance the smart learning market growth.

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