The Global Smart Education & Learning System Market to Reap $1169.16 Million by 2028

According to Triton Market Research, the global smart education & learning system market accumulated $286.72 million in 2019. It is set to register a CAGR of 16.90% by 2028.

A recent study by Triton Market Research titled ‘Global Smart Education & Learning System Market’ covers the Global Analysis and Forecasts by Learning Mode (Virtual Instructor-led Training, Simulation-based Learning, Social Learning, Blended Learning, Adaptive Learning, Collaborative Learning), by Type (Software [Learning Management System, Learning Content Management System, Adaptive Learning System, Assessment System, Others], Service [Training & Certification, Consulting, Managed Hosting, Others], Educational Content [Audio-based Content, Text Content, Video-based Content], Hardware), by End-user (Academic, Corporate), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Smart learning is a modern learning ecosystem, which involves the use of advanced technology and the active participation of teachers and parents into a student’s learning process. Smart learning makes use of analytics for integrating the evidence of learning taking place in various shapes & forms to showcase competency. In e-learning, formalized teaching is coupled with electronic devices, such as computers, interactive boards, and other devices. The smart learning trend comprises a wide range of activities, tools, and services aiming to improve the educational outcomes of students and employees.

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Triton’s report predicts the global smart education & learning system market to exhibit a CAGR of 16.90% in the forecast period from 2019 to 2028, and generate a revenue of $1169.16 million by the year 2028.

The escalating demand for the concept of digital learning, governmental initiatives in developing countries, and advancements in technology with respect to smart learning are fuelling the growth of the market. However, the lack of adoption of technology in developing nations acts as a hindrance to market growth. Furthermore, the high costs required to implement online learning software are also impeding market growth.

The global market for smart education & learning systems is categorized into three main segments, namely, learning mode, type, and end-user. On the basis of learning mode, it is segmented into virtual instructor-led training, simulation-based learning, social learning, blended learning, adaptive learning, and collaborative learning.

Furthermore, with respect to type, the market is segmented into software, service, educational content, and hardware. The first three categories are segmented further. Software divided into learning management system, learning content management system, adaptive learning system, assessment system, and others. Service divides into training & certification, consulting, managed hosting, and others, and educational content divides into audio-based content, text content, and video-based content. Whereas, the third main segment, end-user, is classified into academic and corporate.

The market for smart education & learning systems in the Asia-Pacific is estimated to grow at the fastest rate during the forecast period. The field of education in APAC, especially in countries like India, Japan, and China, has evolved rapidly in terms of adopting advanced education tools and technologies. This has favored the growth of the studied market in this region. Furthermore, government projects for literacy development in rural areas, as well as the initiatives it has taken to introduce smart education & learning, are majorly driving market growth.

In addition, factors such as the growing technological adoption, scarcity of quality education, and the affordability of smart education & the convenience it provides, are creating lucrative opportunities for market growth. Moreover, factors like the rising adoption of mobile technology have enhanced the penetration of m-learning, which is proving opportunistic for APAC’s smart education & learning system market.

Citrix Systems Inc, Educomp Solutions Ltd, Cisco Systems Inc, D2L Corporation, Saba Software, Pearson, Promethean Limited, Dell EMC, Blackboard Inc, Microsoft, Ellucian Company LP, SMART Technologies ULC, NIIT, SAP SE, and Adobe are the renowned names in this market.

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Question & Answer: Smart Education & Learning System Market

Question 1: What factors are fuelling the growth of the smart education & learning system market?
Answer: The escalating demand for the concept of digital learning, governmental initiatives in developing countries, and advancements in technology with respect to smart learning are fuelling the growth of the market.

Question 2: What factor is acting as a hindrance to the smart education & learning system market growth?
Answer: The lack of adoption of technology in developing nations acts as a hindrance to market growth. Furthermore, the high costs required to implement online learning software are also impeding market growth.

Question 3: How is the market in the Asia-Pacific region influencing the outlook of the smart education & learning system market?
Answer: The market for smart education & learning systems in the Asia-Pacific is estimated to grow at the fastest rate during the forecast period. The field of education in APAC, especially in countries like India, Japan, and China, has evolved rapidly in terms of adopting advanced education tools and technologies. This has favored the growth of the studied market in this region. Furthermore, government projects for literacy development in rural areas, as well as the initiatives it has taken to introduce smart education & learning, are majorly driving market growth.

In addition, factors such as the growing technological adoption, scarcity of quality education, and the affordability of smart education & the convenience it provides, are creating lucrative opportunities for market growth. Moreover, factors like the rising adoption of mobile technology have enhanced the penetration of m-learning, which is proving opportunistic for APAC’s smart education & learning system market.

Question 4: Which are the renowned names in the smart education & learning system market?
Answer: Citrix Systems Inc, Educomp Solutions Ltd, Cisco Systems Inc, D2L Corporation, Saba Software, Pearson, Promethean Limited, Dell EMC, Blackboard Inc, Microsoft, Ellucian Company LP, SMART Technologies ULC, NIIT, SAP SE, and Adobe are the renowned names in this market.

Related Report:
Global Team Collaboration Software Market

The global team collaboration market is estimated to evolve at a CAGR of 10.35% in the forecasting period 2019-2028. It is forecasted to generate $23.05 billion by the year 2028.

Of late, there has been a growing adoption of conferencing and communication solutions, which can be seen by the rise in the adoption of visual conferencing, growth in company-wide conferencing deployments, a monumental shift from PSTN audio to VoIP, and the evolution of web conferencing into collaborative team spaces. Furthermore, companies have started to deploy different conferencing solutions, and content management in conferencing has gained importance.

The development of tools focusing on user experience, rise in conferencing minutes coming from UCC bundles, and the growth of hosted video, are all factors driving the adoption of conferencing and communication solutions. This, in turn, is fuelling the growth of the team collaboration software market. Moreover, the growing adoption of cloud-based SaaS and the increasing adoption of the BYOD culture are further instigating the market growth.

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