GLOBAL SMART EDUCATION & LEARNING SYSTEM MARKET FORECAST 2019-2028
NEW YORK, June 16, 2020 /PRNewswire/ --
KEY FINDINGS
The global smart education & learning system market is projected to evolve at a CAGR of 16.61% during the forecast period, 2019-2028. The factors assessed to impact the growth of the market are the growing demand for digital learning, advancements in technologies in e-learning, increasing demands for BYOD, and initiatives by governments of developing countries.
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MARKET INSIGHTS
Smart learning focuses on the use of technologies in the context of education and students. Such learning entails a vast range of tools, services, activities, services, etc. aimed at enhancing educational outcomes of employees and students directly. E-learning is conceptualized on the basis of formalized teaching, along with electronic devices, comprising of the interactive board, computer, and other devices. Schools and training centers are opting for such innovative methods, for better productivity, efficiency, and being part of the digital boom. Several countries are taking keen measures to adopt smart education & learning systems, thereby providing the space for lucrative opportunities for market growth. In Asia, many government-funded literacy development projects are set to impact the market prospects. In Latin America, the government efforts in the form of laptop distribution to students are aiding the market growth. There is mass digitization of the education sector in the Middle East, with several schools and institutions modernizing teaching methodologies in Gulf countries. Moreover, due to varying reasons, the penetration of information and communication technology in universities and schools is set to rise in the near future. However, factors like internet availability concerns, lower level of awareness on e-learning, costs involved in comparison to traditional training methods, and low adoption of such technologies, are deemed to restrict the market growth.
REGIONAL INSIGHTS
The global smart education & learning system market is geographically assessed across Asia Pacific, Europe, North America, and the rest of the world.While North America dominated the global market on account of the largest market share, the Asia Pacific region is set to record the highest CAGR by 2028.
The North America market growth is influenced by factors like an increasing number of mobile learning applications and facilitating the adoption of modern smart learning solutions.
COMPETITIVE INSIGHTS
The market has several prominent layers, and the long-standing players are deemed to have the edge over others. Some of the aforementioned players are, Pearson Plc, Blackboard Inc, Smart Technologies Inc, Promethean World, Ellucian Company, etc.
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• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. BLACKBOARD INC
2. PEARSON PLC
3. ELLUCIAN COMPANY
4. SMART TECHNOLOGIES INC
5. PROMETHEAN WORLD
6. DESIRE2LEARN INCORPORATED
7. DELL EMC
8. CITRIX SYSTEMS INC
9. MICROSOFT CORPORATION
10. SAP SE
11. CISCO SYSTEMS INC
12. ADOBE SYSTEMS INCORPORATED
13. EDUCOMP SOLUTIONS LIMITED
14. NIIT LIMITED
15. SABA SOFTWARE INC
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