Global Smart Education and Learning Market Report and Forecast 2024-2032

Key Trends in the Market

Smart education and learning is defined as a type of education system which uses digital technologies to provide knowledge to the students. In other words, it is a method of teaching which utilises electronic resources. Smart education and learning do not require a classroom for lectures, instead, it is a portable and convenient method which provides flexibility to the students.

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• The global smart education and learning market growth is being propelled by the changing preferences towards online mode of learning due to the convenience and flexibility they offer. The market is further supported by the rapid adoption of internet enabled devices such as smartphones and laptops.

• Growing competition between smart education and learning platform providers to offer innovative and efficient modes of knowledge are crucial smart education and learning market trends.

• Explosive emergence of software as a service (SaaS) is likely to expand the reach of students and corporate workers offering them personalised and easily accessible platforms.

Global Smart Education and Learning Market Analysis

Based on component, the market is segmented into hardware, software, and service. On the basis of learning mode, the market is classified into social learning, blended learning, virtual instructor led training, collaborative learning, simulation-based learning, and adaptive learning, among others. By end-user, the market is bifurcated into corporate and academic. The regional smart education and learning market segmentation is North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart education and learning market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Adobe Inc.

• Blackboard Inc.

• Cisco Systems, Inc.

• Ellucian Company L.P.

• McGraw Hill

• MPS Interactive Systems Limited

• Others

Global Smart Education and Learning Market Share by Component

The software segment, based on component, holds a significant share in the market for smart education and learning because of the higher efficiency and greater knowledge experience offered by the smart learning software. Cloud-based e-learning software can be accessed anywhere and at any point of time, is environmentally sound, and encourages collaboration. Additionally, this software is adaptable which is further encouraging its adoption across the educational institutes and online learning platforms. Over the forecast period, rapid advancements in cloud-based smart learning software, aimed towards enhancing features and customisation capabilities, are expected to bolster the smart education and learning market demand.

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Global Smart Education and Learning Market Share by End-User

The academic segment, based on end-user, accounts for a healthy share of the market for smart education and learning, supported by the growing acceptance of digital modes of education across schools and universities. The heightened adoption of smartphones, tablets, and other IoT-enabled electronic devices, is augmenting the accessibility of smart education and learning. In addition, favourable policies of governments across emerging economies such as India, aimed towards providing laptops to school and college students in disadvantaged areas, are further propelling the growth of the smart education and learning global market. Meanwhile, the corporate segment is expected to witness a steady growth in the forecast period due to the increasing importance of upskilling for working professionals, leading to the growing popularity of web-based and mobile-based smart education platforms.

Competitive Landscape

Adobe Inc., founded in 1982 and headquartered in California, United States, is a leading software company. The multimedia and creativity software portfolio of this company include well-known products such as Photoshop, Acrobat, and Creative Cloud.

Blackboard Inc. is a renowned educational technology company which offers services related to higher education and caters to the educational demands of business and government clients. The company was established in 1997 and is headquartered in Washington, United States.

Cisco Systems, Inc. is a prominent networking company which provides innovative digital communications technology products. The establishment of this company took place in 1984 and is currently headquartered in California in the United States.

Other market players include Ellucian Company L.P., McGraw Hill, and MPS Interactive Systems Limited, among others.

Key Highlights of the Report