Smart Education And Learning Global Market Report 2024

Smart education and learning involve the use of advanced technologies such as artificial intelligence, big data, and the Internet of Things (IoT) to create personalized, interactive, and efficient educational experiences. This approach enhances the learning process by providing tailored content, real-time feedback, and adaptive learning environments that meet individual student needs and preferences.

The primary components of smart education and learning include hardware, software, and services. Smart education and learning hardware comprises devices and tools designed to improve educational experiences through technology integration and connectivity. The learning modes encompass virtual instructor-led training, simulation-based learning, social learning, blended learning, adaptive learning, and collaborative learning, and these are used by various end users, including academic institutions and corporations.

The smart education and learning research report is one of a series of new reports that provides smart education and learning market statistics, including the smart education and learning industry's global market size, regional shares, competitors with a smart education and learning market share, detailed smart education and learning market segments, market trends and opportunities, and any further data you may need to thrive in the smart education and learning industry. This smart education and learning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart education and learning market size has grown exponentially in recent years. It will grow from $332.35 billion in 2023 to $395.01 billion in 2024 at a compound annual growth rate (CAGR) of 22.2%. The growth in the historic period can be attributed to access to remote education, customized learning, an increasing need for flexible and accessible learning options, favorable government initiatives and corporate funding, and increased internet penetration.

The smart education and learning market size is expected to see exponential growth in the next few years. It will grow to $883.75 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%. The growth can be attributed to the increasing adoption of IoT devices, the growing demand for adaptive learning systems, a heightened focus on data analytics, the rising need for corporate training and professional development, and the increasing demand for virtual classrooms. Major trends in the forecast period include AI-powered adaptive learning systems, virtual reality (VR) simulations that provide immersive, interactive learning experiences, cloud-based learning platforms, and natural language processing (NLP) algorithms that enable voice-activated learning assistants and chatbots.

The growing adoption of e-learning methods is expected to drive the expansion of the smart education and learning market in the future. E-learning methods involve the use of electronic technologies to access educational content outside of traditional classroom settings. This increasing preference for digital education solutions globally is contributing to the rise of smart education and learning, which enhances e-learning by offering personalized, interactive, and efficient educational experiences through advanced technologies. For example, in February 2021, Google LLC, a US-based technology company, reported that over 150 million students, educators, and school leaders worldwide were using Google Classroom for teaching and learning, up significantly from 40 million users in 2020. Thus, the growing adoption of e-learning methods is fueling the growth of the smart education and learning market.

Leading companies in the smart education and learning market are concentrating on developing advanced solutions, such as smart classroom services, to improve digital learning experiences. These smart classroom services create interactive, technology-enhanced environments that support modern teaching and learning practices. For instance, in February 2023, Huawei Technologies Co. Ltd., a China-based digital communications technology company, introduced a new smart classroom solution. This solution includes live streaming, automated recording, and class analysis capabilities, and it leverages edge-cloud technology to enhance teaching methods. Intelligent edge devices connect video resources to the cloud platform, enabling features such as smart attendance, real-time speech-to-text conversion, and online video resource management.

In April 2024, LEORON Institute, an EdTech company based in the UAE, acquired XpertLearning for an undisclosed amount. This acquisition will allow LEORON Institute to expand its presence and offerings in the Middle East's corporate training and development sector. By combining its expertise in professional training with XpertLearning's technology-based solutions, LEORON Institute aims to provide more comprehensive and innovative services to its clients. XpertLearning is a UAE-based consultancy that provides e-learning content and platform solutions.

Major companies operating in the smart education and learning market are Apple Inc., Alphabet Inc., Samsung Group, Microsoft Corporation, Dell Technologies Inc., International Business Machines Corporation, Cisco Systems Inc., NIIT Limited, Adobe Inc., Pearson PLC, McGraw-Hill Inc., Ellucian Company, Blackboard Inc., Udemy Inc., Coursera Inc., Smart Technologies, Sum Total Systems, Desire2learn Corporation, Tata Class Edge Limited, Khan Academy, Saba Software Inc.

North America was the largest region in the smart education and learning market in 2023. The regions covered in the smart education and learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart education and learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart education and learning market consists of revenues earned by entities by providing services such as online courses and classes, learning management systems (LMS), and personalized learning solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart education and learning market also includes sales of educational apps, interactive whiteboards, virtual reality (VR) headsets, adaptive learning software, and student response systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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