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Soaring Demand Set to Propel Smart learning Market to $144.32 Billion by 2029
Smart learning
What Is the Expected CAGR for the Smart learning Market Through 2025?
The size of the smart learning market has experienced significant expansion in the last few years. The market, worth $62.07 billion in 2024, is projected to rise to $73.36 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 18.2%. Factors such as the rising demand for online and remote learning resources, advancements in artificial intelligence (AI) and machine learning, the increased adoption of cutting-edge technologies, government backing for smart education, the growth of the BYOD (bring your device) trend, and the expansion of connected devices, can be credited for the historical growth period.
What's the Projected Size of the Global Smart learning Market by 2029?
The size of the smart learning market is predicted to expand rapidly in the upcoming years. The market is set to extend to $144.32 billion in 2029, with a compound annual growth rate (CAGR) of 18.4%. The predicted growth in the forecast period is due to government expenditure on digital infrastructure, progress in computing capabilities, big data and data preservation technology, and digital technologies utilised in manufacturing. Significant trends for the forecast period include the embracing of new technologies, expanding acceptance of bring-your-own-device (BYOD) practices, and a rise in the fusion of AI-backed customised educational experiences.
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Top Growth Drivers in the Smart learning Industry: What's Accelerating the Market?
The escalating use of smartphones and tablets is predicted to bolster the expansion of the smart learning market. These portable and advanced devices are extensively used for communication, entertainment, learning, and work, owing to their versatile features and easy availability. The growing predominance of smartphones and tablets is accredited to their portability, versatility, touchscreen interface, mobile transactions, along with the rise of educational apps. These devices are fundamental components of smart learning; offering flexible, customised, engaging learning experiences that cater to the preferences of modern learners. For instance, a report released by Cybercrew.UK, a UK-based digital media company, in March 2023, projected an increase in the usage of smartphones from 91.43% in 2021 to 93.8% by 2026 in the UK households. Consequently, the uptake of smartphones and tablets is propelling the growth of the smart learning market.
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What Trends Will Shape the Smart learning Market Through 2029 and Beyond?
Leading businesses in the smart learning market are concentrating on devising inventive solutions like AI-assisted learning dashboards. These tools are geared towards enhancing education experience, providing personalized learning paths, actively tracking student progress, and giving customized feedback to advance learning outcomes. These dashboards, embedded with artificial intelligence (AI) technology, give a full analysis and insights on student's engagement, performance and learning results. For example, Youdao Inc., a tech company from China, rolled out its newest intelligent learning tool, Youdao Smart Learning Pad X10, in October 2022. The tool encompasses AI to facilitate personalized learning, along with adaptive algorithms that modify content according to individual progress and preferences. It also supports a range of educational apps, interactive sessions, quizzes, multimedia and possesses user-friendly attributes and a high-definition display to enrich learning experiences.
What Are the Main Segments in the Smart learning Market?
The smart learningmarket covered in this report is segmented -
1) By Learning Type: Online Learning, Offline Or Classroom-based Learning, Blended Learning
2) By Offering: Hardware, Solutions, Services
3) By End User: Academic, K-12 Education, Higher Education, Corporate
Subsegments:
1) By Online Learning: Self-Paced Online Courses, Instructor-Led Online Courses, Massive Open Online Courses
2) By Offline or Classroom-Based Learning: Traditional Classroom Learning, Instructor-Led Training Sessions, Workshop-Based Learning
3) By Blended Learning: Flipped Classroom Model, Hybrid Online/Classroom Sessions, Synchronous and Asynchronous Blended Programs
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Which Top Companies are Driving Growth in the Smart learning Market?
Major companies operating in the smart learning market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corp., Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corp., Cisco Systems Inc., Oracle Corp., SAP SE, Yellow Corp., Pearson plc, Citrix Systems Inc., Ellucian Company, Blackboard Inc., Pharrell Williams, Promethean World Ltd., SMART Technologies ULC, D2L Corporation, ByteXL India Private Limited
Which Regions Will Dominate the Smart learning Market Through 2029?
North America was the largest region in the smart learning market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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