Global Smart Education and Learning Market Report and Forecast 2023-2028

Global Smart Education and Learning Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global smart education and learning market is projected to grow at a CAGR of 10.69% between 2023 and 2028. Aided by the surge in digitalisation, incorporation of artificial intelligence (AI) in the learning process, and a heightened awareness about personalised learning, the market is expected to reach a value of USD 689.71 billion by 2028.

Smart education and learning harness the power of digital platforms and technologies to offer a personalised, interactive, and flexible learning experience for students. This mode of education goes beyond traditional methods, employing software, online platforms, and electronic gadgets to facilitate adaptive learning, immersive learning experiences, and real-time feedback. These tools not only enhance the learner's experience but also provide educators with the resources to deliver high-quality education tailored to individual learner needs.

One of the most salient drivers of the global smart education and learning market growth is the increasing emphasis on personalised education. As more educational institutions and learners acknowledge the benefits of customised learning pathways, there has been a notable rise in demand for smart educational solutions. Such solutions cater to the unique pace, strengths, and areas of improvement for each student, making education more effective and relevant.

Moreover, the current era marked by technological advancements has seen the burgeoning integration of AI and machine learning in the education sector. These technologies can analyse vast amounts of data to offer insights about learning patterns, predict areas of struggle for students, and recommend appropriate resources or interventions. This AI-driven approach is redefining modern pedagogy, making learning more data-driven and proactive.

Furthermore, the global shift towards remote learning, accelerated by unforeseen circumstances like the COVID-19 pandemic, has drastically impacted the smart education and learning market outlook. Institutions worldwide were compelled to rapidly adopt digital platforms, making smart education tools not just supplementary but essential. This paradigm shift towards online learning platforms, virtual classrooms, and digital assessments has further broadened the horizon for the market for smart education and learning.

In addition to primary and secondary education, the corporate sector is also a significant contributor to the smart education and learning market development. With the evolving industrial landscape, there's a continual need for upskilling and reskilling. Smart education platforms, offering courses, webinars, and online certifications, have become instrumental in catering to these requirements. They provide flexibility and diverse resources, making continuous learning feasible and efficient for working professionals.

Physical classrooms are being transformed with the integration of smart boards, augmented reality (AR) tools, and interactive learning modules, enhancing student engagement and understanding. These technological integrations make complex topics more accessible and interactive, facilitating better retention and comprehension, thereby, bolstering the smart education and learning market expansion.

Market Segmentation

The market can be divided based on component, learning mode, end-user, and region.

Market Breakup by Component

• Hardware
• Software
• Service

Market Breakup by Learning Mode

• Social Learning
• Blended Learning
• Virtual Instructor Led Training
• Collaborative Learning
• Simulation-Based Learning
• Adaptive Learning

Market Breakup by End-User

• Corporate
• Academic

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global smart education and learning companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Adobe Inc.
• Blackboard Inc.
• Cisco Systems, Inc.
• Ellucian Company L.P.
• McGraw Hill
• MPS Interactive Systems Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.