SEL Market to Reach USD 5919.5 Million by 2028 at a CAGR of 18.8% | Valuates Reports

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BANGALORE, India, May 16, 2022 /PRNewswire/ -- The Global SEL Market is Segmented by Type (Cloud-based, On-premise), by Application (kindergarten, Primary School, High School, Junior High School, Others): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Education Category.

The global Social and Emotional Learning (SEL) market size is projected to reach USD 5919.5 Million by 2028, from USD 1735.3 Million in 2021, at a CAGR of 18.8% during 2022-2028.

Major factors driving the growth of the Social and Emotional Learning market:

The demand for social and emotional well-being in educational institutions, the government's growing support and awareness programs, and the increase in social and emotional distance with Covid-19 is expected to be the major factors driving the Social and Emotional Learning market's growth.

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TRENDS INFLUENCING THE GROWTH OF THE SEL MARKET

Young people, adults, families, and communities all experienced increased feelings of isolation, stress, and loss as a result of the COVID-19 pandemic. As our communities work to address the impact of the pandemic on students' learning and development, social and emotional learning (SEL) offers a powerful way to support one another during these trying times. As a result, the COVID-19 pandemic is expected to propel the Social and Emotional Learning market forward.

Several authors have warned in recent decades that students must be taught critical thinking, creativity, and emotional management skills. Because relationships and emotional processes influence how and what we learn, emotions can help or hinder children's academic engagement, commitment, and ultimately school success. Teachers are the primary emotional leaders of their students, and their ability to recognize, understand and manage their emotions is the foundation for promoting emotional balance within their groups. The SEL approach maintains that, like academic skills, the development of social and emotional skills requires explicit instruction. This factor is expected to drive the growth of the Social and Emotional Learning market.

The Social and Emotional Learning market is expected to grow rapidly due to favorable government initiatives. In the United States, federal policy is critical in creating conditions that support the statewide and districtwide implementation of social and emotional learning (SEL) for the benefit of all students.

While technology can assist students in developing relationships and providing a starting point for connecting with one another, this is not a new concept, so teachers must use technology in ways that benefit their students. Educators should think about how EdTech tools can help students meet their emotional learning needs. A great way to combine technology and social-emotional development is to consider what students aren't getting from everyday instruction. When students connect with peers from other countries, another SEL benefit of technology occurs. Live translation features powered by artificial intelligence are common in services like Skype. This enables students to communicate and connect with others in ways they couldn't before. 

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SEL MARKET SHARE ANALYSIS

Based on application, the primary school segment is expected to grow at the fastest rate. Principals, teachers, parents, and legislators have expressed a strong interest in implementing SEL solutions across elementary schools to help students develop their academic and social skills.

Based on region, the largest market share belongs to North America. The market in the North American region will be boosted by large-scale implementations of SEL programs by schools, creating a supportive environment for the implementation of SEL programs across states, and ongoing projects.

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Key Players:

• Everyday Speech
• Peekapak
• Nearpod
• EVERFI
• Purpose Prep
• Social Express
• Aperture Education
• Rethink ED
• Committee for Children
• Emotional ABCs
• Taproot Learning
• SEL Adventures
• BASE Education
• Panorama Education
• Evolutions Labs
• Hoonuit
• The Conover Company
• ScholarCentric
• ONEder Academy
• Hero K12
• 7 Mindsets
• EQKidz
• 3DBear
• JHasHeart.

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SIMILAR REPORTS:

-  The global learning management system market size was valued at USD 1.2 Billion in 2020 and is projected to hit USD 3.6 Billion by 2027, at a CAGR of 20.76% from 2020 to 2027.

-  The Asia-Pacific learning management systems market size is expected to generate USD 2,884 million by 2022, growing at a CAGR of 34.2%.

-  Digital Education Market to Grow With 33.28% CAGR for 2020–2026

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-  The global EdTech market size was valued at USD 85 billion in 2021, it is expected to reach over 230 billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028.

-  The global Corporate elearning market size is projected to reach USD 37160.40 Million by 2026, from USD 17245.65 Million in 2019, at a CAGR of 10.91% during 2020-2026.

-  The global Education ERP market size is projected to reach USD 15470 Million by 2027, from USD 8397.9 Million in 2020, at a CAGR of 9.0% during 2021-2027.

-  The global elearning market size is projected to grow USD 370 Billion by 2026, from USD 226 Billion in 2020, at a CAGR of 8.56% during 2021-2026.

-  The global E-Learning Services market size is projected to reach USD 331030 Million by 2027, from USD 185740 Million in 2020, at a CAGR of 8.1% during 2021-2027.

-  Due to the COVID-19 pandemic, The global K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 19.4% during 2022-2028.

-  The global Education Software market size is projected to reach USD 6735.9 Million by 2026, from USD 3244.4 Million in 2019, at a CAGR of 11.0% during 2021-2026.

-  In 2021, the global Private Tutoring market size will be USD 236 Million and it is expected to reach USD 391.5 Million by the end of 2027, with a CAGR of 8.8% during 2021-2027.

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