Press release
Smart Learning Market Size, Segmentation, Share, Growth, Trends, Emerging Technology
Smart Learning Market
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Government investments in digital infrastructure and educational technology are significant drivers of the smart learning market. Around the world, governments are implementing policies to modernize educational systems and promote lifelong learning. For instance, the E-rate program in the United States and Saudi Arabia's Vision 2030 initiative aim to increase the adoption of smart learning solutions in schools and universities. Such policies ensure that educational institutions have the necessary resources and support to integrate advanced learning technologies.
The solution segment is projected to register the highest CAGR during the forecast period.
The solutions segment of the smart learning market encompasses a wide array of offerings, including integrated solutions and standalone solutions, aimed at addressing various educational needs and challenges. Solutions offer institutions with well-organized Enterprise Resource Planning (ERP) systems that help faculty members build enhanced courses and manage classrooms and schools proficiently. Online education platforms create virtual classrooms, allowing teachers to manage a large audience without budget constraints.
K-12 and higher education institutions constantly struggle to administer complex and contrasting IT solutions scattered across the campus. These software solutions help educational constituents cooperate using a single online learning platform. They further help manage content and facilitate the integration of all constituents in the learning lifecycle. Implementing SIS systems helps corporate and academic users integrate functionalities, such as HR/payroll, financial management, and enrollment, onto a single platform, thus streamlining the collaboration process of all learning constituents from any location.
The Asynchronous learning type segment contributed the largest market share in the smart learning market during the forecast period.
Asynchronous learning can be carried out online as well as offline. Asynchronous learning involves the coursework delivered by web, email, or message boards posted in online forums. In this type of learning, learners cannot put forth their doubts in real time. Learners can be self-paced, which is not possible with the synchronous learning type. Asynchronous learning software, such as SAP Learning Hub, Adobe Captivate, Pearson MyLab, and Newrow Virtual Classroom, provides benefits like message boards, discussion groups, and self-paced groups. Message boards help students put up their questions and doubts on a central board/forum or comment on the answers.
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Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific, home to nearly 40% of the world's population, is witnessing diverse implementations of smart learning technologies. The Asia Pacific region is undergoing a notable surge in adopting smart learning, driven by the flourishing economies of India, China, Japan, Australia, and New Zealand. Notably, Japan and China stand out as the frontrunners in this market, leveraging their technological prowess to drive innovation. Government initiatives aimed at bolstering digital infrastructure play a pivotal role in accelerating the adoption of video conferencing solutions across the region. With a promising outlook for the forecast period, Asia Pacific offers fertile ground for enhanced growth opportunities.
The report profiles key players such as IBM (US), Samsung (South Korea), Adobe (US), Anthology (US), SMART Technologies (Canada), Oracle (US), SAP (Germany), Microsoft (US), Cornerstone OnDemand (US), Pearson (UK), BenQ (Taiwan), Google (US), McGraw Hill (US), Cisco (US), Huawei (China), D2L (Canada), Ellucian (US), Alphabet (Alphabet Inc), Upside LMS, Edsys (India), echo360 (US), Knowledge Anywhere (US), Instructure (US), SkyPrep (Canada), Paradiso Solutions (US), and Latitude CG (US).
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