Smart Learning Market Share, Size, Growth, Opportunity And Forecast Till 2022-2031

Shibuya-ku, Tokyo, Japan, Japan, Jun 17, 2022, 09:58 /Comserve / -- Smart Learning Market Analysis By Innovations, New Technology and Forecast Period to 2031

The global smart learning market size was over $18,200.0 million in the end of 2018, it is anticipated to register for $74,179.1 million by the end of 2026 and growing at a 19.2% CAGR, according to a new study conducted by Research Dive.

Smart learning procedures are also called as intelligent education and it contains of novel educational frameworks. The smart learning process majorly focuses on the student's use of technology to improve the concepts more efficiently and effectively. Also, educational organizations provide comprehensive processes of smart learning for all the students, irrespective of age, gender and physical ability. Smart learning technology innovation facilitates teaching with additional features including interactive screens, online learning and animated modules for well-understanding of the topics.

Smart Learning Market Drivers: The global smart learning market is significantly driven by rising acceptance of advanced technologies in the learning platforms along with increasing adoption of high-level learning tools by the education institutes. For instance, in Arizona State University (ASU), nearly 65,000 students have adopted innovative learning technology tools in 12 educational courses. In addition, convenient, smooth and cost-effective education procedures along with growing adoption of advanced technology tools in the classroom support the students understanding capabilities; this aspect is estimated to propel the global smart learning marker growth. Moreover, rising acceptance of advanced learning procedures by most of the educational enterprises to reduce the training prices because of increasing investments is expected to propel the growth of the market.

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The global smart learning market is majorly restrained by the high budgets associated with the advanced learning platforms. Also, affordability of traditional education systems or procedures is also expected to hinder the market size.

Growing inclination to bring your own devices (BYOD) is anticipated to support the implementation of innovative learning processes, and this will create major opportunities for the growth of the smart learning market. Furthermore, the constant growth in the technological developments by combination of virtual reality in the learning platforms is estimated to impel the market growth in the near future.
The global smart learning market is segmented into component, learning type and end user.

On the basis on component, the market is classified into software, hardware and services. Among these, software type segment accounted for largest market size; it generated a revenue of $7,898.8 million in 2018 and is projected to command over the global market in the coming years. Besides software, services segment will experience a significant growth and is predicted to reach up to $19,286.6 million till the end of 2026.

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The global smart learning market is classified on the basis of learning type into asynchronous learning and synchronous learning. Asynchronous learning segment will witness to rise at a rate of 20.6% CAGR and is estimated to produce a revenue of $37,273.6 million by the end of 2026. Along with asynchronous learning, the market for synchronous learning segment held the highest global smart learning market share, which was over 53.4% in 2018 and is expected to reach a revenue of $36,273.6 million till 2026.

Based on end user, the global market is segmented into academic and enterprise. Among these, enterprise segment is anticipated to witness a noteworthy growth and is estimated to reach $35,160.9 million by 2026 and growing at a rate of 21.5% CAGR during the forecast time. The global market has dominated by the academic segment in 2018 and will reach up to $39,018.2 million in the end of 2026.

Based on regional insights, the global smart learning market was analyzed across the regions such as North America, Europe, Asia-Pacific and LAMEA. In these, North America has dominated the global smart market size; it generated over $5,824.0 million by 2018 and is anticipated to continue its growth throughout the forecast time. Besides North America, the market for Asia-Pacific will witness to grow at a faster rate of 20.4% CAGR and is projected to generate substantial revenue during the estimated period.

IBM, Saba Software, SMART Technologies ULC, SAP, Huawei Technologies Co., Ltd, Cornerstone, McGraw-Hill, Oracle, Alphabet, SAMSUNG, Blackboard Inc., Adobe, Microsoft, Pearson, BenQ, CrossKnowledge are some of the major participants in the global smart learning industry. These participants are emphasizing their efforts on product developments, mergers & acquisitions, joint ventures, R&D investments and geographical expansions to increase their market size in the global market.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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