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Smart Education And Learning Market Expansion Continues, with Forecast Valuation of $1025.29 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Smart Education And Learning Market Size By 2025?
There has been a remarkable increase in the size of the smart education and learning market in the past few years. The market, valued at $395.01 billion in 2024, is predicted to expand to $480.45 billion in 2025 with a compound annual growth rate (CAGR) of 21.6%. This notable growth in the preceding years can be credited to factors such as the provision of remote education, tailored learning, a rising demand for flexible and easily accessible learning options, supportive government policies, corporate funding, and amplified internet penetration.
How Big Is the Smart Education And Learning Market Size Expected to Grow by 2029?
In the coming years, a significant surge is anticipated in the size of the smart education and learning market, with expected growth to $1025.29 billion in 2029, expanding at a Compound Annual Growth Rate of 20.9%. This growth within the projected period can largely be accredited to the increasing use of IoT devices, escalating demand for adaptive learning programs, a heightened focus on data analytics, an increasing necessity for corporate training and professional growth, and a burgeoning demand for virtual classrooms. Key forthcoming trends within this period involve adaptive learning systems powered by AI, VR simulations offering immersive and interactive learning environments, learning platforms based on the cloud, and NLP algorithms facilitating voice-controlled learning assistants and chatbots.
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Which Key Market Drivers Powering Smart Education And Learning Market Expansion and Growth?
The surge in the utilization of e-learning methodologies is set to accelerate the expansion of the smart education and learning sector in the forthcoming period. E-learning methodologies include edifying procedures which employ electronic tools to access syllabi outside the limits of traditional classrooms. This rise in e-learning practices indicates a mounting inclination towards digital educational resolutions globally. Smart education and learning improve e-learning by affording personalized, interactive, and competent educational encounters through cutting-edge technologies. For instance, in May 2024, the National Center for Education Statistics, a US-based government bureau disclosed that 87% of public schools offered tutoring during the 2023-24 academic year, with 47% providing two or more variations. Specifically, 46% administered intense tutoring, 66% traditional tutoring, 24% self-directed tutoring, and 13% immediate online tutoring. Hence, this rise in the utilization of e-learning methodologies is propelling growth in the smart education and learning sector.
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Which Fast-Growing Trends Are Poised to Disrupt the Smart Education And Learning Market?
Leading corporations in the smart education and learning market are concentrating on the creation of innovative solutions, like smart classroom services, to boost digital learning experiences. These services in smart education offer an engaging, tech-enhanced ambiance that encourages contemporary pedagogic practices. For example, Huawei Technologies Co. Ltd., a digital communications technology firm from China, introduced a cutting-edge smart classroom solution in February 2023. The solution offers live streaming, automatic recording, and classroom analysis, integrating edge-cloud technology to facilitate modern teaching techniques. Intelligent edge devices link video resources to the cloud-based platform, providing features such as smart presence-taking, real-time speech-to-text conversion, and online video resource administration.
What Are the Emerging Segments in the Smart Education And Learning Market?
The smart education and learning market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Learning Mode: Virtual Instructor-Led Training, Simulation-Based Learning, Social Learning, Blended Learning, Adaptive Learning, Collaborative Learning
3) By End User: Academics, Corporate
Subsegments:
1) By Hardware: Interactive Whiteboards, Virtual Reality (VR) And Augmented Reality (AR) Devices, Tablets And Laptops, Wearable Devices, Projectors And Smart Displays, Classroom Response Systems, Smart Glasses
2) By Software: Learning Management Systems (LMS), Educational Software, Virtual Classrooms And Online Learning Platforms, Collaboration Tools And Communication Software, E-Books And Digital Content, Adaptive Learning Software, Gamification Tools
3) By Service: System Integration Services, Cloud-based Services, Content Development Services, Training And Consulting Services, Support And Maintenance Services, Educational Content Licensing Services
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Who Are the Global Leaders in the Smart Education And Learning Market?
Major companies operating in the smart education and learning market are Apple Inc., Alphabet Inc., Samsung Group, Microsoft Corporation, Dell Technologies Inc., International Business Machines Corporation, Cisco Systems Inc., NIIT Limited, Adobe Inc., Pearson PLC, McGraw-Hill Inc., Ellucian Company, Blackboard Inc., Udemy Inc., Coursera Inc., Smart Technologies, Sum Total Systems, Desire2learn Corporation, Tata Class Edge Limited, Khan Academy, Saba Software Inc.
Which are the Top Profitable Regional Markets for the Smart Education And Learning Industry?
North America was the largest region in the smart education and learning market in 2024. The regions covered in the smart education and learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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