Uploaded on Dec 30, 2020
The Smart Education and Learning market is expected to grow at approximately USD 952 Billion by 2023, at 26% of CAGR between 2017 and 2023
Smart Education and Learning Market
Market Highlights
Market Research Future (MRFR), in its latest report on the world smart education and learning
market 2020 reveals different factors that can spur the expansion of the market. As per MRFR
study, the smart education and learning market smart education and learning market can rise at
26% CAGR across 2017 to 2023. MRFR evaluation also states that the smart education and learning
global market is poised to value at above USD 952 Bn by 2023.
The revolution in education system bought by smart techniques are replacing traditional classroom
and conventional learning methods. The rise in the implementation of information technology can
drive the growth of the smart education and learning market. The increase in educational institutes
those are adopting advanced methods of teaching and tools, such as projectors, white boards, and
smart notebooks can prompt the growth of the market in the years to come.
Segmentation:
The segment study of the smart education and learning market are hardware, software, application,
service, organization size, and deployment. The software based segments of the market are learning
content management system, learning management system (LMS), assessment services, adaptive
learning platform, and others. The hardware based segments of the market are interactive displays,
interactive white boards (WBS), student response systems, and interactive tables. The service
based segments of the market are professional services and managed services. The application
based segments of the market are NGOs and association, government enterprise/business
education, healthcare, professional services, and smart education. The deployment based segments
of the smart education and learning market are cloud and on-premise. The organization size based
segments of the smart education and learning market are small and medium organizations and
large organization.
Regional Analysis
MRFR studied the world smart education and learning market across the assessment period. Asia
pacific, Europe, followed by Americas and Rest of the World are regional segments of the global
smart education and learning market. The increased inclination towards high-tech education can
drive the smart education and learning market in the North America region. As per MRFR, North
America can dominate the smart education and learning global market. In the Asia Pacific region,
the smart education and learning market can rise at the fastest pace owing to the rise in the high
adoption of modern learning techniques and smart education across developing regions of the
market. The growing demand for smart education system and the inclination of students towards e-
learning can boost the market expansion in Europe. The high utility of modern learning techniques
can spur the expansion of the market in the region.
Competitive Analysis and Key Players
The entrance of new markerters is expected to drive the smart education and learning market
growth. Key players are introducing solutions that are tested to prevail. Enterprises are likely to
capture high growth potential and hold various advantage points. Developments in the education
industry, along with financial adaptability and process upgrades that are putting resources into
ideal procedures can benefit the smart education and learning market in the years to come. MRFR
identified major key players that are operating in the world smart education and learning market.
They are; Blackboard (U.S.), Adobe Systems Inc. (U.S.), Cisco Systems Inc. (U.S.), Educomp (India),
NIIT Limited (India), McGraw-Hill Education (U.S.), Desire2Learn (Canada), Pearson Plc. (U.K.) and
SumTotal System, Inc. (U.S.) among others. Blackboard Inc., a notable education technology
company that provide high end teach and student engagement solutions, announced its latest
organizational structure that would focus on teams that can better serve clients requirement
worldwide.
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