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Global Smart Education & Learning System Market Growth is driven by Surging demand for Digital Learning

09-22-2022 07:51 AM CET | IT, New Media & Software

Press release from: Inkwood Research

Global Smart Education & Learning System Market

Global Smart Education & Learning System Market

According to Inkwood Research, the Global Smart Education & Learning System Market is projected to register a CAGR of 16.61% in terms of revenue during the forecasting years of 2019-2028.

"Browse 71 Market Data Tables and 62 Figures spread over 190 Pages, along with an in-depth TOC on the Global Smart Education & Learning System Market Forecast 2019-2028."

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Smart Learning encompasses students' use of technologies in a learning context, and focuses on the efficiency in terms of online training within the available technological ecosystem. The growing interest in distance learning and the extended use of services like tablets, smartphones, wearable technologies, etc. is beneficial for the smart learning sector. Schools and training centers are transitioning from the conventional blackboard approach to incorporating smart technology into learning environments.

Increasing Demand for Digital Learning Fuels Market Growth

The rising investment in enhancing ICT is creating business opportunities and expansion of the education system. Smart learning solutions have given the learners access to material, notwithstanding boundaries or location, thereby resulting in the enhanced learning experience through innovative interactive means. According to the recent Promethean's study, it was found out that the majority of teachers believed educational technology hastened the learning process in their classrooms. Digital Learning is also said to bring positive behavioral changes in students, which is deduced to be one of the main factors propelling its demands in the developed countries. Digital media has boosted the learning methodology in several subjects like environmental sciences, mathematics, chemistry, physics, etc.

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Adaptive Learning is the Fastest-growing Learning Mode

Adaptive Learning is a system-based technique utilized in examining student performance on the basis of several parameters, thereby making it an integral part of the education system. It improves student learning, participation, and engagement, in various study programs. It aids in identifying the learner's capabilities and monitors their progress, which has resulted in increased adoption among end-users. The demand for adaptive learning has been increasing as a result of digitization, since educational institutions are automating their processes for simplifying the digital learning environment. The factors that create growth opportunities for adaptive learning systems are the increasing demand for online language learning tools and the rising need for individualized learning.

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North America harbored the largest market share in 2019

The region of North America encourages the adoption of modern smart learning solutions across major end-user segments. The number of mobile learning applications has been growing in the region. The region has played a dominant role in the advancement of learning technology, and has also invested considerably in educational technology. Many educators are adopting mobile apps that allow access to information anywhere, anytime. The region also houses the majority of the finest universities.

The competitive rivalry in the market is projected to depend on several factors like powerful competitive strategy, degree of transparency, and brand identity. Market rivalry is estimated to be high during the forecast period. Innovation is deemed to play a crucial role when it comes to product differentiation. SAP SE, Microsoft Corporation, Blackboard Inc, Cisco Systems Inc, NIIT Limited, Adobe Systems Incorporated, Citrix systems Inc, etc. are some of the well-established companies operating in the market.

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