The Global Smart Education & Learning System Market to Reap $1169.16 Million by 2028

The Global Smart Education & Learning System Market to Reap $1169.16 Million by 2028

“Global Smart Education & Learning System Market”
As per a Triton Market Research report, the global smart education & learning system market, which accounted for $286.72 million in 2019, is set to exhibit a CAGR of 16.90% by the year 2028.

A recent study by Triton Market Research titled ‘Global Smart Education & Learning System Market’ covers the Global Analysis and Forecasts by Type (Software [Adaptive Learning System, Learning Management System, Learning Content Management System, Assessment System, Others], Service [Consulting, Managed Hosting, Training & Certification, Others], Educational Content [Text Content, Audio-based Content, Video-based Content], Hardware), by Learning Mode (Simulation-based Learning, Social Learning, Virtual Instructor-led Training, Adaptive Learning, Blended Learning, Collaborative Learning), by End-user (Corporate, Academic), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Smart learning is a flexible learning method, in which students are provided virtual education by means of smart devices like phones, laptops, and tablets. A smart learning environment replaces a traditional physical classroom environment. A number of schools and colleges are gradually opting for smart education by adopting hi-tech teaching methods.
 

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The report estimates the global smart education & learning system market to register a CAGR of 16.90% over the forecast period 2019-2028, generating a revenue of $1169.16 million by 2028. The rising demand for digital learning methods, initiatives taken by the governments in developing nations, and technological advancements in terms of smart learning are driving the growth of this market. However, developing nations lag in technology adoption, which acts as a hindrance to market growth. Further, the high cost of implementing online learning software is also restraining market growth.

The global market for smart education & learning systems is classified into three main parts: type, learning mode, and end-user. On the basis of type, it is segmented into software, service, educational content, and hardware. The first three types are categorized further. Software divides into adaptive learning system, learning management system, learning content management system, assessment system, and others. Whereas, service divides into consulting, managed hosting, training & certification, and others. The third type, educational content, is further segmented into text content, audio-based content, and video-based content. The second main segment, learning mode, is classified into simulation-based learning, social learning, virtual instructor-led training, adaptive learning, blended learning, and collaborative learning. Whereas, the third main segment, end-user, is bifurcated into corporate and academic.

North America is expected to be the largest market for smart education & learning systems over the forecast period. The region is home to the dominant players in this market. They offer advanced software to the end-users and have developed innovative software solutions to cater to their demands. Vendors in this market provide interactive textbooks, e-readers with electronic paper screen technology, and other such technologically advanced solutions to institutions, which, in turn, spurs the market growth.

Furthermore, the software solutions provided by the vendors are available on both, cloud and hosted platforms. Also, higher education institutes are largely adopting cloud platforms to install various ed-tech products and solutions. All these factors are providing numerous opportunities for the growth of the studied market in North America.

SMART Technologies ULC, Educomp Solutions Ltd, Blackboard Inc, Cisco Systems Inc, Adobe, Saba Software, SAP SE, Microsoft, Pearson, Citrix Systems Inc, Dell EMC, NIIT, D2L Corporation, Promethean Limited, and Ellucian Company LP are the established players in this market.

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Question & Answer: Smart Education & Learning System
Market

Question 1: What factors are driving the growth of the smart education & learning system market?

Answer: The rising demand for digital learning methods, initiatives taken by the governments in developing nations, and technological advancements in terms of smart learning are driving the growth of this market.

Question 2: What factors are hindering the smart education & learning system market growth?

Answer: The developing nations lag in technology adoption, which acts as a hindrance to market growth. Further, the high cost of implementing online learning software is also restraining market growth.

Question 3: How is the market in North America influencing the smart education & learning system market outlook?

Answer: North America is expected to be the largest market for smart education & learning systems over the forecast period. The region is home to the dominant players in this market. They offer advanced software to the end-users and have developed innovative software solutions to cater to their demands. Vendors in this market provide interactive textbooks, e-readers with electronic paper screen technology, and other such technologically advanced solutions to institutions, which, in turn, spurs the market growth.

Furthermore, the software solutions provided by the vendors are available on both, cloud and hosted platforms. Also, higher education institutes are largely adopting cloud platforms to install various ed-tech products and solutions. All these factors are providing numerous opportunities for the growth of the studied market in North America.

Question 4: Which are the established players in the smart education & learning system market?

Answer: SMART Technologies ULC, Educomp Solutions Ltd, Blackboard Inc, Cisco Systems Inc, Adobe, Saba Software, SAP SE, Microsoft, Pearson, Citrix Systems Inc, Dell EMC, NIIT, D2L Corporation, Promethean Limited, and Ellucian Company LP are the established players in this market.


Related Report:

Global Team Collaboration Software Market

The global team collaboration market is estimated to show revenue growth by generating $23.05 billion by 2028. It is expected to evolve at a CAGR of 10.35% in the forecasting period 2019-2028.

The growing adoption of cloud-based SaaS is fuelling the growth of the team collaboration software market. The rise of Software-as-a-Service in the business environment is offering new growth opportunities to software companies. Businesses are opting for SaaS solutions as they have collaborative capabilities and offer continuous innovation.

These factors have resulted in team collaboration software becoming more independent on their web-based applications. This has led to faster response times, fewer service failures, and enhanced communication and conferencing solutions. Furthermore, the growing adoption of conferencing and communication solutions is also contributing to market growth. The surge in demand for the BYOD (bring your own device) concept is creating new avenues for growth.

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