MarketsandMarkets forecasts the global Social and Emotional Learning Market size to grow from USD 2.0 billion in 2021 to USD 5.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The need of social and emotional well-being in educational institutions, growing support and awareness programs by the government, paving prerequisite of socially aware employees in organizations, increasing social and emotional distance with Covid-19, and proliferation of computing in K-12 sector are key factors for the growth of Social and Emotional Learning market.
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By Component, the Solutions segment to hold the larger market size during the forecast period
The Solutions segment of the Social and Emotional Learning Market is projected to hold the larger market size in 2021. SEL solutions help students work on their emotions, feelings, empathy, relationships, goals, responsibilities and make informed decisions. The Solutions segment is further classified into SEL platform and SEL Assessment Tools.
By Solutions, the SEL Assessment Tool segment to grow at the highest CAGR during the forecast period
Under the Solutions segment, the SEL Assessment Tool segment is expected to dominate the market during the forecast period. SEL assessment tool refers to software that allows teachers and parents to assess and measure SEL skills for K-12 students. This tool helps educators measure the impact of the SEL program on students and make informed decisions accordingly.
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The key and emerging market players in the Social and Emotional Learning market include Committee for Children (US), EVERFI (US), Nearpod (US), Illuminate Education (US), Panorama Education (US), Hero K12 (US), Playworks (US), Newsela(US), Wings for Kids (US), Rethink Ed(US), Move This World (US), Growing Leaders (US), Positive Action (US), PATHS Program LLC (US), BASE Education (US), Evolution Labs (US), Purpose Prep (US), The Social Express (US), Peekapak (US), Apperture Education (US), 7 Mindsets (US), ONEder Academy (US), The Conover Company (US), Emotional ABCs (US), Taproot Education (US), and Everyday Speech (US). These players have adopted various strategies to grow in the global Social and Emotional Learning market.
Committee for Children (CFC) is one of the world’s largest providers of SEL programs to schools and districts. The company provides elementary, middle-school, and higher education SEL programs through their offering, Second Step SEL, which includes games, activities, and media to engage students. In June 2021, Committee for Children launched the new SEL for Adults program to enhance their Second Step family of SEL programs. The new program provides educators with the skills, knowledge, and resources for stress management in the workplace.
Nearpod is an SEL platform provider for its wide range of K-12 client base. The company offers several benefits, such as strong content aligned with CSE, complies with legislation, flexible curriculum integrating with classroom technologies, whole-child development, VR-based learning, and access to a large library for content. In August 2020, Nearpod introduced video learning content for their Nearpod platform, which helped the platform become more flexible to meet customer needs.
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