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Smart Education and Learning Market Massive Revenues Expected as Market Size Gains Traction | Blackboard, Ellucian Company L.P., Saba Software
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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.
By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.
Factors such as increased importance of e-learning in corporate and academic set-ups, proactive government initiatives to promote e-learning in developing markets, technological advancements in smart education & e-learning, and growing number of mobile learning applications drive the growth of the smart education & learning market. However, security & privacy issues and high cost of implementation are expected to impede the market growth. Furthermore, increasing number of virtual schools and emergence of bring-your-own-device (BYOD) trend are expected to present major opportunities for market expansion in the near future.
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The global smart education & learning market is segmented on the basis of component, learning mode, end user, and region. Based on component, it is divided into software, services, educational content, and hardware. On the basis of learning mode, the market is bifurcated into virtual instructor-led training, simulation-based learning, social learning, blended learning, adaptive learning, and collaborative learning. Based on end user, it is divided into academics and corporate. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
The study provides an in-depth analysis of the global smart education & learning market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global smart education & learning market from 2016 to 2023 is provided to determine the market potential.
KEY MARKET PLAYERS
Adobe Systems Incorporated
Educomp Solutions Ltd.
NIIT Limited
Smart Technologies, Inc.
Blackboard, Inc.
Ellucian Company L.P.
Saba Software, Inc.
Unit4
Desire2Learn Corporation Ltd.
Cisco Systems, Inc.
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KEY MARKET SEGMENTS
BY COMPONENT
Software
Learning Management System
Learning Content Management Systems
Adaptive Learning Platform
Assessment Systems
Others
Services
Training & Certification
Consulting
Managed Hosting
Others
Educational Content
Audio-based Content
Text Content
Video-based Content
Hardware
BY LEARNING MODE
Virtual Instructor-led Training
Simulation-based Learning
Social Learning
Blended Learning
Adaptive Learning
Collaborative Learning
BY END USER
Academics
Corporate
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Indonesia
Thailand
Vietnam
Malaysia
Philippines
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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