BANGALORE, India, Sept. 23, 2020 /PRNewswire/ -- According to the Latest Market Research Report "Smart Education & Learning Management Marketby Learning Mode (Adaptive Learning, Blended Learning, Collaborative Learning, Simulation-Based Learning, Social Learning, Virtual Instructor-Led Training), by Component (Educational Content, Hardware, Services, Software), by End User (Corporate Education, Elementary School, Pre-School Education, Secondary School, University & Higher education), by Educational Content (Audio-Based Content, Text Content, Video-based Content) and Region – Global Forecast to 2025", published on Valuates Reports.The Global Smart Education & Learning Management Market size is expected to grow from USD 105,809.30 Million in 2019 to USD 270,630.32 Million by 2025 at a CAGR of 16.94%.
Smart Education & Learning Management prioritizes mobile instruments and offers versatile learning processes that replace conventional methods of teaching in the classroom. By embracing high-tech teaching strategies such as smart notebooks, whiteboards, and others, several educational institutions are changing their preference to the idea of smart education.
Major factors driving the growth of Smart Education & Learning Management market size are the adoption of e-learning solutions and Artificial Intelligence (AI) and Machine Learning (ML).
TRENDS INFLUENCING THE SMART EDUCATION AND LEARNING MANAGEMENT MARKET
Factors such as increased importance of smart education and learning technologies, enhanced accessibility of handheld communication devices, and increased demand for collaborative learning are expected to drive the Smart Education & Learning Management Market size.
The increasing adoption of consumer electronics, especially smartphones and tabs, is expected to fuel the Smart Education & Learning Management Market size growth. The use of consumer devices, such as smartphones, e-readers, notebooks, and e-learning apps, has altered traditional education and increased the learner's effectiveness.
Enhanced smart teaching solutions have resulted from alliances and partnerships between hardware manufacturers, software developers, and content providers. Due to its significant adoption by corporate professionals, the Smart Education & Learning Management Market size is expected to display a substantial rise over the forecast period.
Furthermore, the growing people's understanding and the increasing popularity of smart education prompt providers of solutions to invest in research and development to produce more efficient and cost-effective solutions. The increasing investments are, in turn, expected to fuel the Smart Education & Learning Management Market size.
SMART EDUCATION AND LEARNING MANAGEMENT MARKET SHARE ANALYSIS
North America is expected to hold the largest Smart Education & Learning Management Market share during the forecast period. This dominance of North America is due to the availability of adequate infrastructure and increased technology adoption in educational institutions.
Asia Pacific is expected to witness the highest growth during the forecast period. Due to the existence of rising economies such as India, China, and Japan, the Asia Pacific is expected to see substantial growth. Government-led programs, such as government-funded literacy growth projects in rural areas, are expected to improve the smart education and learning market size.
The USA is expected to hold the largest Adaptive Learning Software Market share during the forecast period. The USA market took up about 53.7% of the global market in 2018, while Europe and China were about 19.6%, 4.3%, respectively.
DreamBox Learning, SAS, Wiley (Knewton), Docebo, D2L are the key suppliers in the global adaptive learning software market. And the top 5 companies in the Adaptive Learning Software Market took up 41% of the global market in 2018.
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