Global Smart Education and Learning Market Will to Exhibit 19.5% CAGR;, on Account of Easy Availability of High-Speed Internet to Propel Growth: Fortune Business Insights™
High Prevalence of Smart Gadgets Worldwide to Drive Global Smart Education and Learning Market GrowthWorth $665.12 Billion at 19.5% CAGR; Introduction to Various Applications Will Drive Growth:: Fortune Business Insights™
Global Smart Education and Learning Market to be WorthReach USD $665.12 Billion;: Rising Adoption of E-learning to Promote Growth, says Fortune Business Insights™
Pune, India, 7th January 2020:– The global smart education and learning market size is anticipated to be valued atreach USD 665.12 bBillion by the end of 2026, attributed owing to the growing advancement in learning platforms today. Fortune Business Insights™ in their report titled, “Smart Education and Learning Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Learning Mode (Collaborative Learning, Virtual Instructor-Led Training (VLIT), Simulation-Based Learning, Social Learning, Blended Learning), By End-User (Corporate, Academic, and Government) and Regional Forecast, 2019-2026,” presents a detailed analysis of the market with its prime growth trajectories. As per this report, the market was worth valued at USD 166.30 bBillion in 2018. With a CAGR of 19.5%, However, the marketit is expected to witness a remarkable growth by exhibiting a CAGR of 19.5% during the forecast period of between 2019 to 2026.
The report is based on facts and figures researched by analysts at Fortune Business Insights™. The report throws light on the competitive landscape of the smart education and learning market with a list of significant players and the key strategies adopted by them to stay put in the competition. The report also mentions major growth trajectories such as drivers, restraints, challenges, and opportunities. The reportIt also further presents a extensive details of all theed segments presentation of in the market, along with base figures, forecast figures, and CAGRs. The report is available for sale on the company website.
Adoption of Internet for Educational Purposes Will Boost Market Growth
The rapid adoption of smartphones and other smart gadgets for educational purposes and the easy availability of high-speed internet are two of is athe prime factors boosting the smart education and learning market growth. Besides this, the adoption of e-learning, and rising government support for promoting online education will would also help in increasinge the overall smart education and learning market size in the forecast period. E-learning is a cost-efficient, and more convenient way of learning as it provides training and tutorials from experts, improved courses, and certification programs, and others.
North America to Dominate Market Backed by with Increasing Penetration of Smartphones
Geographically, the global smart education and learning market is widespread segregated into the regions of the Middle East and Africa, Latin America, North America, Asia Pacific, and Europe. These regions are further classified nation wise. In 2018, North America had generated a revenue of USD 59.42 bBillion which is further anticipated to rise to USD 240.44 bBillion by the end of 2026. This is attributable to the stability in economic growth, rapid adoption of technological developments, and the rising penetration of smartphones across the region.
Smart Education Courses Tthrough Applications and Programs to Intensify Competition Among Players
Companies are introducing new learning solutions and applications of various courses for children of various categories andbelonging to different educational boards in order to attract gain high smart education and learning market revenue in the forecast period. Learning applications will help students to master over tough concepts through visual and personalized learning programs. Programs and solutions, such as Blackboard Instructor App, Home Learning Program, GO, Smart STEM, HealthSet, and others will would not only intensify the market competition but would also help to in attracting high smart education and learning market revenues in during the forecast period.
Some of the Kkey Iindustry Ddevelopments in the smart education and learning market are:
May 2019 – A China-based company, NetDragon Websoft, developed about 265,000 pop-up classrooms for learners in Egypt. These container-shaped classrooms can be set up within a couple of hours as they are similar to building blocks. They are designed especially for smart education.
June 2019 – A non-profit organization named Advancement Via Individual Determination (AVID), and SMART Technologies ULC came into collaboratedion for to createing the best classroom experiences with the help of technological solutions. These solutions will have a positive impact on the educational outcomes and empower the schools positively. The companies are further planning to improve their educational outcomes with the introduction of digital engagement, literacy, empowerment, collaboration, and inquiry.
Some of the key players present in the smart education and learning market manufacturers include:
- Ebix, Inc.
- Cisco Systems, Inc.
- Pearson
- D2L Corporation.
- Ellucian Company L.P.
- BYJU’S
- SAMSUNG
- Cengage
- PROMETHEAN LIMITED
- Saba Software
- SkillSoft
- SMART Technologies ULC
- McGraw-Hill
- NIIT
- Adobe
- Blackboard, Inc.
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