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Smart Learning Market

Smart Learning Market Size, Share & Segmentation by Component (Hardware, Software, and Services), by Learning type (Synchronous learning and Asynchronous learning), by End Users (Academic, Enterprises, and Government), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1284 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Smart Learning Market size was valued at USD 38.91 Bn in 2021 and is expected to reach USD 153.54 Bn by 2028, and grow at a CAGR of 21.67% over the forecast period 2022-2028.

Smart Learning is characterized as a system that is self-directed, motivated, adaptable, resource-rich, and technology-enabled. With the advancement of technology, anything might be instrumented and connected through intelligent design. As a result, education is one of them. Smart learning has been increasingly popular in recent years. Smart learning has been used in educational programs all around the world in recent years.

Smart Learning Market

The smart education system is based not just on software and hardware, but also on the understanding of how they are articulated in courses or through online training. Other intelligent technologies, such as cloud computing, the Internet of Things (IoT), wearable technology, learning analytics, and big data, are assisting smart education. Learning analytics, big data, and cloud computing are all concerned with how learning data may be captured, analyzed, and directed toward improving learning and teaching systems, as well as enabling student development of personalized and adaptable learning.

MARKET DYNAMICS:

KEY DRIVERS:

  • Smart learning solutions make learning more enjoyable.

  • Visual aspects aid kids in grasping concepts more quickly.

  • functions as a motivator for pupils to develop their creative creativity.

RESTRAINTS:

  • The equipment needed for smart learning solutions is highly costly and necessitates significant expenditures.

  • Young children are unpredictable and have a tendency to mishandle equipment.

OPPORTUNITY:

  • Educational institutions and businesses are increasingly requesting online learning tools.

  • Even after the pandemic, the continuous trend of digital education and eLearning is projected to fuel the smart learning industry.

CHALLENGES:

  • It is critical that teachers or instructors understand how to use gadgets and software.

  • The majority of teachers who are used to traditional lecture delivery methods will find it difficult to embrace new tactics.

IMPACT OF COVID-19:

The COVID-19 (Coronavirus Disease) epidemic, according to the World Health Organization (WHO), had a huge impact on enterprises and humanity. Because people are being forced to stay at home as a result of the epidemic, businesses are being forced to create a totally remote workplace in preparation for government mandates mandating Work from Home (WFH). Schools are also urged to use Professional Learning and Development (PLD) programs to work remotely with their pupils in order to follow smart education and learning. Due to the epidemic, the adoption of online education and learning is projected to have a positive influence on the industry's growth.

Organizations may use it as an ideal chance to address their remote learning policy by putting in place the necessary tools and preparing for a similar circumstance in the future. Organizations must also ensure that instructors and students working remotely have access to key papers and the technologies they need, such as VPNs and collaboration and videoconferencing solutions. Furthermore, governments all around the globe are proposing smart education and learning solutions and giving online instructional sites.

MARKET ESTIMATION:

During the projected period, the Smart Learning Market's Software sector is predicted to increase at a faster rate. Integrated and independent Smart Learning solutions are available. These technologies assist firms to improve productivity by increasing information exchange and growth among employees. Software solutions provide well-organized Enterprise Resource Planning (ERP) tools that assist faculty members in developing upgraded courses and effectively managing classrooms and schools.

Asynchronous learning encompasses both online and offline options in which coursework is given via the internet, email, or message boards in online forums. Asynchronous learning prevents students from receiving rapid feedback from their peers or instructors. Learners may, however, work at their own pace, which is not feasible with synchronous learning.

KEY MARKET SEGMENTS:

On The Basis of Component:

  • Hardware

    • Interactive displays

    • Interactive whiteboards

    • Smartboards

    • Others

  • Software

    • Integrated solutions

    • Standalone solutions

      • LMS/LCMS

      • SIS

      • Classroom Management Software

      • Language Learning software

      • Others

  • Services:

    • Consulting

    • Implementation

    • Support and maintenance

On The Basis of Learning type:

  • Synchronous learning

  • Asynchronous learning

On The Basis of End Users:

  • Academic

    • K-12

    • Higher education

  • Enterprises

    • SMEs

    • Large Enterprises

  • Government

Smart Learning Market

REGIONAL ANALYSIS:

The APAC Smart Learning Market is expected to expand rapidly in the next years. Smart Learning solutions are being used in the region as a result of government measures to develop digital infrastructure. The area also has the largest student population, and demand for eLearning and online education is increasing as technology advances. This propels the Smart Learning market to satisfy a diverse range of educational needs in APAC nations including Australia and New Zealand, Japan, China, Singapore, and India.

REGIONAL COVERAGE:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • south Korea
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Israel
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

KEY PLAYERS:

The key players of the market are IBM, SMART Technologies ULC, Saba Software, SAP, Cornerstone, Huawei Technologies Co., Ltd, McGraw-Hill, Alphabet, Blackboard Inc., and SAMSUNG.

Smart Learning Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 38.91 Bn
Market Size by 2028  US$ 153.54 Bn
CAGR   CAGR of 21.67% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Hardware, Software, and Services)
• by Learning type (Synchronous learning and Asynchronous learning)
• by End Users (Academic, Enterprises, and Government)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles IBM, SMART Technologies ULC, Saba Software, SAP, Cornerstone, Huawei Technologies Co., Ltd, McGraw-Hill, Alphabet, Blackboard Inc., SAMSUNG
Key Drivers • Smart learning solutions make learning more enjoyable.
• Visual aspects aid kids in grasping concepts more quickly.
Market Opportunities • Even after the pandemic, the continuous trend of online education and eLearning is projected to fuel the smart learning industry.

 


Frequently Asked Questions (FAQ) :

Ans:-  The estimated market size for the  Smart Learning market for the year 2028 is USD 153.54 Bn.

Ans :- The equipment needed for smart learning solutions is highly costly and necessitates significant expenditures and Young children are unpredictable and have a tendency to mishandle equipment.

Ans:-  Segments are covered in the Smart Learning Market report are On The Basis of Component, Learning type, and  End Users. 

Ans:- Key Stakeholders Considered in the study:Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGOs, Commercial research & development (R&D) institutions, Importers and exporters etc 

 

Ans:- The key players of the market are IBM, SMART Technologies ULC, Saba Software, SAP, Cornerstone, Huawei Technologies Co., Ltd, McGraw-Hill, Alphabet, Blackboard Inc., SAMSUNG.

 


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Smart Learning Market Segmentation, by Component

8.1 Hardware

8.1.1Interactive displays

8.1.3Interactive whiteboards

8.1.4Smartboards

8.1.5Others

8.2 Software

8.2.1 Integrated solutions

8.2.2 Standalone solutions

8.2.2.1 LMS/LCMS

8.2.2.2 SIS

8.2.2.3 Classroom Management software

8.2.2.4 Language Learning software

8.2.2.5 Others

8.3 Services:

8.3.1 Consulting

8.3.2 Implementation

8.3.3 Support and maintenance

 

9. Smart Learning Market Segmentation, by Learning type

9.1 Synchronous learning

9.2 Asynchronous learning

 

10. Smart Learning Market Segmentation, by End Users

10.1 Academic

10.1.1 K-12

10.1.2 Higher education

10.2 Enterprises

10.2.1 SMEs

10.2.2 Large Enterprises

10.3 Government

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 IBM

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 SMART Technologies ULC

12.3 Saba Software

12.4 SAP

12.5 Cornerstone

12.6 Huawei Technologies Co., Ltd

12.7 McGraw-Hill

12.8 Alphabet

12.9 Blackboard Inc.

12.10 SAMSUNG

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Step 4: QA/QC Process

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