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Social And Emotional Learning Global Market Analysis, Trends, Growth, Research And Forecast 2033
Social And Emotional Learning Global Market Analysis
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According to The Business Research Company's, The social and emotional learning market size has grown exponentially in recent years. It will grow from $2.53 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to recognition of the importance of holistic education, focus on mental health and well-being in schools, adoption of student-centered and personalized learning approaches, increase in awareness of bullying and school violence, implementation of character education programs
.
The social and emotional learning market size is expected to see exponential growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to influence of education policy emphasizing sel skills, rise in teacher training and professional development, parental demand for comprehensive education, growth of digital and online sel resources, adoption of sel in workforce development programs. Major trends in the forecast period include integration of machine learning, development of sel programs for specific learning challenges, integration of artificial intelligence, collaboration between schools, communities, and businesses in sel initiatives, technology advancements in facilitating remote and hybrid learning,.
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Market Drivers and Trends:
The growing implementation of distance education solutions is expected to propel the growth of the social and emotional learning market going forward. Distance education refers to classes that can be taken online without the students having to be present in person at the school, college, or institution. Distance education solutions support inclusive education and give students the tools to thrive in virtual environments by developing their emotional intelligence, resilience, and interpersonal skills. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, in 2021, 92 million students registered for Coursera's online courses, representing more than 20 million new learners compared to the previous year's record of 71 million. Therefore, the growing implementation of distance education solutions is driving the growth of the social and emotional learning market.
Product innovation is a key trend gaining popularity in the social and emotional learning market. Major companies operating in the social and emotional learning market are introducing innovative solutions to sustain their position in the market. For instance, in April 2022, Panorama Education, a US-based data analytics firm for K-12 schools, launched Panorama for Positive Behavior. The Panorama for Positive Behavior is a new educational platform for instructors to improve classroom culture and positive behavior practices. This new application, accessible on mobile and desktop, is intended to support student success by reinforcing good conduct for district officials and instructors. It connects district leaders with help from caring teachers in the classroom by giving instructors coaching tools and analytics.
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Major Key Players of the Market:
Pearson PLC, Udemy Inc., Coursera Inc., Promethean World Ltd., Outschool, Byju's, Vector Solutions, Kahoot!, Hurix Digital, edX Inc., TutorMe, BASE Educational Services Private Limited, Panorama Education, EVERFI Inc., Nearpod Apps LLC, Quizlet, Edmentum Inc., BrainPOP, Illuminate Education, Rethink ED, Aperture Education LLC, Everyday Speech, Emotional ABCs, Kickboard Inc., Evolution Labs Inc., The Social Express Inc., Peekapak, Taproot Learning, Weld North LLC.
Social And Emotional Learning Market 2024 Key Insights:
• The social and emotional learning market size is expected to see exponential growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%.
• Rise Of Distance Education Propels Growth In Social And Emotional Learning Market
• Innovative Solutions Enhance Social And Emotional Learning Market By Introducing Innovative Solutions
• North America was the largest region in the social and emotional learning market in 2023
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