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Smart Education And Learning Market is ready to Grow Globally with Phenomenal Trend Diversity Between 2020 to 2027 | Top Companies are Educomp Solutions Ltd., Adobe Systems Incorporated, Blackboard, Inc., Cisco Systems, Inc., etc

10-06-2020 05:13 PM CET | IT, New Media & Software

Press release from: Reports and Data

Smart Education and Learning Market To Reach USD 1,047.75 Billion By 2027

Smart Education and Learning Market To Reach USD 1,047.75 Billion By 2027

The Global Smart Education and Learning Market is forecast to reach USD 1,047.75 Billion by 2027, according to a new report by Reports and Data. Smart education can also be summed up as the application of smart devices to enhance the learning outcome of traditional education. It develops the learners with the skills needed for a digital future that will have more innovative ways of performing a task.

Smart Education and Learning Market Size – USD 233.75 Billion in 2020, Market Growth - CAGR of 17.7%, Market Trends – The rising demand for eLearning.

It supports reachability for students who can access education remotely. Students have the scope of collaborating with others on virtual learning platforms, take part in online discussion threads to resolve their queries, take up Massive Online Open Courses (MOOC) from the best universities around the globe without physically attending the course, are some of the benefits of this form of education. In regards to region, Europe occupies a prominent market position.

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The market report on the global Smart Education and Learning market also includes an extensive analysis of the overall competitive scenario. The report studies the key marketing and promotional strategies that are adopted by the leading companies in the market. Furthermore, It also takes into account the existing development, historical events, and the latest trends to provide the readers a strong and unbiased opinion on the direction towards which the leading companies will be heading into in the future. The market report mentions all factors and events impacting the market, such as mergers, acquisitions, joint ventures, strategic alliances, takeovers, and others. It also studies the overall intensity of the competition prevailing in the global Smart Education and Learning market.

Some of the key players mentioned in the research report are:- Educomp Solutions Ltd., Adobe Systems Incorporated, Blackboard, Inc., Cisco Systems, Inc., Niit Limited, Mcgraw-Hill Education, Pearson PLC, Sum Total Systems, LLC., Samsung Electronics Co., Ltd. and Smart Technologies, Inc.

The market position held by Europe is resultant of the continuously growing demand for eLearning, emphasis on professional developments, and technological advancements.

For the purpose of this report, global smart education and learning market according to Component, Learning Mode, Age, End-user, and Region:

Component Type Outlook (Revenue, USD Billion; 2020-2026)
Software
Hardware
Service

Learning Mode type Outlook (Revenue, USD Billion; 2020-2026)
Collaborative Learning
Blended Learning
Virtual Instructor-Led Training
Adaptive Learning
Simulation-Based Learning
Social Learning

Age Type Outlook (Revenue, USD Billion; 2020-2026)
46-above
30-45
19-29
10-18
5-10

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End-User Type Outlook (Revenue, USD Billion; 2020-2026)
Academic
Corporate

Regional Outlook (Revenue, USD Billion; 2020-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest:
The smart education and learning market held a market share of USD 233.75 Billion in the year 2018 and is forecasted to experience a CAGR of 17.7% during the forecast period.

In regards to Age, the 30-45 segment is projected to witness the fastest growth rate of 18.4% during the forecast period, which is expected to occupy 22.0% of the market by 2026. The growth rate experienced by the 30-45 segment is resultant of increasing development and demand of corporate smart education for training and professional development purposes in various organizations in different sectors.

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In context to End-user, the Academic segment held the largest market share of 69.0% in 2018, with a CAGR of 16.8% during the forecast period. The market share occupied by the Academic segment is attributed to rising demand for eLearning in the academic sector and associated increased demand for Virtual Instructor-led Training (VILT), and education content, that have increased the use of this form of learning in educational institutions.

In regards to region, Asia Pacific is forecasted to witness the fastest growth rate of 18.3% during the forecast period, which occupied 23.0% of the market in 2018. Increased governmental emphasis on rural education, and development of technological infrastructure contributes to the expansion of the market in the APAC region.

Radical Features of the Smart Education And Learning Market Report:
Valuable insights into the Smart Education And Learning market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Smart Education And Learning industry

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Smart Water Meters Market: https://www.globenewswire.com/news-release/2020/03/09/1997441/0/en/Smart-Water-Meters-Market-To-Reach-USD-10-7-Billion-By-2026-Reports-and-Data.html

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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