Smart Education And Learning Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : ICT

The global Smart Education And Learning market size is expected to be worth around US$ 680.2 billion by 2028, according to a new report by Vision Research Reports.

The global Smart Education And Learning market size was valued at US$ 182.9 billion in 2020 and is anticipated to grow at a CAGR of 17.8% during forecast period 2021 to 2028.

Growth Factors

Demand for smart education and learning solutions is increasing among the growing population in corporate and academic sectors, owing to benefits such as improved education quality and easy access to educational content. Increasing adoption of consumer electronics, such as smartphones, e-readers, laptops, and e-learning applications, has altered conventional education methodology and has enhanced the efficiency of an individual to learn. Additionally, there are enormous opportunities for advancements in the market, owing to improved internet accessibility.

Also, the COVID - 19 outbreak has emerged an opportunity for the market with an increasing number of states and countries closing educational institutes. For instance, over 90.0% of the world’s students are not attending their schools due to this pandemic, as mentioned by UNESCO (The United Nations Educational, Scientific, and Cultural Organization). Commonwealth of Learning (COL), an intergovernmental organization of The Commonwealth (Canada), has supported educational institutions and governments in building robust distance education solutions for quality e-learning practices. However, lack of awareness among end-users about the latest technologies and inadequate amount of resources for delivering quality education in developing regions is anticipated to hinder market growth.

Report Highlights

The 11 to 18 years segment accounted for a market share of 35.3% in the market for smart education and learning 2019 and is estimated to witness significant share over the forecast period. Also, it is anticipated to grow at a notable CAGR throughout the forecast period. The growth of the segment can be attributed to the significant adoption of smart education and learning solutions in academic training programs. In the educational programs, e-learning assists students by offering real-time theoretical, practical, and task-based courses.

The 30 to 45 years segment is anticipated to exhibit a CAGR of 20.4% in the market for smart education and learning over the forecast period. This growth is attributed to the constant evolution of online corporate training programs to cope with current technologies and trends. It offers quick information access capabilities to employees through multiple devices. The growing popularity of social media platforms to discuss problems and queries and share experiences is also contributing to the growth of this segment.   

Besides, the hardware segment is expected to experience a notable shift in its trajectory, registering a CAGR of 14.4% in the market for smart education and learning over the forecast period. For instance, interactive whiteboards have become widely popular and provide a more improved experience. They incorporate a wide range of features, such as dry-erase surfaces, digital pens, communicating software, and other multi-touch options. Also, they allow users to save and share notes among other digital devices, such as tablets, smartphones, and laptops.

the blended learning segment dominated the market with a share of 23.9% in 2019. Further, the simulation-based learning segment is anticipated to grow at the fastest pace over the forecast period. This growth is attributed to continuous technological advancements in the integration of cognitive and technical skills. For instance, the American Academy of Pediatrics has developed a simulation-based solution for pre-hospital professionals based on realistic case-based scenarios. Other than blended learning and simulation-based learning, the market for smart education and learning has been segmented into different learning modes, including social learning, virtual instructor LED training, collaborative learning, and adaptive learning. New applications of smart education and learning have enabled innovative and effective interaction with students.

The academic end-user segment dominated the market, with a revenue share of 65.7% in 2019. In addition, the corporate segment is anticipated to witness substantial growth over the forecast period. Growing demand for smart education and learning methods within the organizational domain can be accredited to a rising need for ensuring that employees possess the required knowledge and skills needed to meet future challenges. Also, smart education and learning can reduce some of the costs associated with traditional education and learning program delivery during the period when the employee is not physically available.    

the market accounted for the largest revenue share of 39.5% in 2019 and is projected to remain the dominant segment over the forecast period. This growth owes to the presence of well-established ICT solution providers and a large customer base. The region is expected to register a CAGR of 15.0% from 2020 to 2027. Furthermore, in South America, the market for smart education and learning is also expected to witness noticeable growth over the forecast period. It can be attributed to the adoption of innovative technologies, such as Massive Open Online Courses (MOOCs), microlearning, gamification, and personalized literacy programs.

Key Players

Adobe; Blackboard Inc.; Cisco Systems, Inc.; D2L Corporation; Educomp Solutions Ltd; Ellucian Company L.P.; McGraw-Hill; Pearson; Samsung Electronics Co., Ltd.; SMART Technologies ULC; SumTotal Systems, LLC; and MPS Interactive Systems Limited.    

Market Segmentation

  • Age Outlook 

    • 5 to 10 years

    • 11 to 18 years

    • 19 to 29 years

    • 30 to 45 years

    • Above 45 years

  • Component Outlook 

    • Hardware

      • Interactive Display

        • Interactive Projector

        • Interactive Table

        • Interactive Flat Panel Display

        • Interactive White Board

      • Student Response System

    • Software

      • Learning Management System (LMS)

      • Learning Content Management System

      • Adaptive Learning Platform

      • Assessment System

      • Others

    • Service

      • Managed and Professional Service

      • Education Content

  • Learning Mode Outlook 

    • Social Learning

    • Blended Learning

    • Virtual Instructor LED Training

    • Collaborative Learning

    • Simulation-Based

    • Adaptive learning

  • End-User Outlook 

    • Corporate

      • Small & Medium Businesses

      • Large Enterprises

    • Academic

      • K-12

      • Higher Education

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East and Africa (MEA)

The Smart Education And Learning market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Smart Education And Learning market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Smart Education And Learning market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Education And Learning market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Smart Education And Learning market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Smart Education And Learning capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Smart Education And Learning by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Smart Education And Learning market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Smart Education And Learning market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Smart Education And Learning market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Smart Education And Learning industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Smart Education And Learning market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smart Education And Learning market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Smart Education And Learning market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Smart Education And Learning market. These factors have benefited the growth of the global market for Smart Education And Learning. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Smart Education And Learning. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Smart Education And Learning are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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