Global Smart Learning Market Size is Projected to Grow to USD 56.5 Billion by 2024, at a CAGR of 19.5% - ResearchAndMarkets.com

DUBLIN--()--The "Smart Learning Market by Component (Hardware, Software (Integrated Solution and Standalone Solution), and Services), Learning Type (Synchronous Learning and Asynchronous Learning), End User (Academic and Enterprise), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The proliferation of connected devices in the education sector

The major factors driving the growth of the smart learning market include the proliferation of connected devices in the education sector, adoption of eLearning solutions, and growing use of Artificial Intelligence (AI) and Machine Learning (ML) in smart learning.

Software segment to grow at the highest CAGR during the forecast period

Based on components, the software segment of the smart learning market is projected to grow at the highest CAGR during the forecast period. The smart learning software market is categorized into integrated solutions and standalone solutions. The standalone solutions include Learning Management System (LMS)/Learning Content Management System (LCMS), Student Information System (SIS), test and assessment, collaboration, eContent, and others, such as content authoring tools, screen capturing tools, and open-source software. Software solutions offer institutions with well-organized Enterprise Resource Planning (ERP) systems that help faculty members build enhanced courses and manage classrooms and schools proficiently. Online education platforms create virtual classrooms, enabling teachers to manage a large audience without any budget constraint. K-12 and higher education institutions constantly struggle to administer complex and contrasting Information Technology (IT) solutions scattered across the campus.

Asynchronous learning segment to record a higher market share in 2019

The asynchronous learning segment among learning type is projected to lead the smart learning market during the forecast period. Asynchronous learning can be carried out online as well as offline. It involves the coursework to be delivered by web, email, or message boards posted in online forums. In this type of leaning, learners cannot put forth their doubts in real-time. With asynchronous learning, learners cannot receive immediate feedback from their fellow learners or tutors. Learners can be self-paced, which is not possible with the synchronous learning type. It provides benefits, such as message boards, discussion groups, and self-paced groups. Message boards help students put up their questions and doubts on a central board/forum or comment on the answers.

Enterprise segment to grow at a higher CAGR during the forecast period

Organizations and institutions in business domains, apart from the education sector, have been classified as enterprises in the report. Enterprise users include organizations catering to various verticals, such as retail; government; healthcare; and Banking, Financial Services and Insurance (BFSI). Corporate users implement these solutions as a tool to train and assess employees for providing various instructions and suggestions. Real-time mass notification solutions help enterprise management deploy faster communication among its employees about new policies and other instructions. This segment is further classified into SMEs and large enterprises based on the number of employees in the organization.

North America to record the highest market share in smart learning market in 2019

North America plays a huge role in the development of technology, which helps in the adoption of new smart learning solutions across the major end-user segments. A significant increase in the number of mobile learning applications has been witnessed in the region. According to an article published by Edweek Market Brief in February 2019, spending on educational technology till date exhibits to be more than USD 13.0 billion in the US alone. The North America Education Technology (EdTech) industry is growing significantly with abundant investments. In 2017, investments in EdTech products were more than USD 9.5 billion. This market has brought in many programs designed to help with elementary math and English skills. Various students and educators in the region are adopting mobile apps that enable them to access information at any time and any place.

Key benefits of buying the report

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart learning market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Research Assumptions and Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Market

4.2 Market in the Asia Pacific, By Component and Country

4.3 Smart Learning Market: Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Regulatory Implications

5.4 Use Cases

6 Smart Learning Market, By Component

6.1 Introduction

6.2 Hardware

6.3 Software

6.4 Services

7 Smart Learning Market, By Learning Type

7.1 Introduction

7.2 Synchronous Learning

7.3 Asynchronous Learning

8 Smart Learning Market, By End User

8.1 Introduction

8.2 Academic

8.3 Enterprises

9 Smart Learning Market, By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Middle East and Africa

9.6 Latin America

10 Competitive Landscape

10.1 Overview

10.2 Competitive Scenario

11 Company Profiles

11.1 Introduction

11.2 Blackboard

11.3 IBM

11.4 Samsung

11.5 SMART Technologies

11.6 Adobe

11.7 Saba Software

11.8 Oracle

11.9 SAP

11.10 Microsoft

11.11 Cornerstone OnDemand

11.12 BenQ

11.13 Huawei

11.14 D2L

11.15 Newrow

11.16 Pearson

11.17 McGraw-Hill

11.18 CrossKnowledge

11.19 Alphabet

11.20 Ellucian

11.21 Cisco

11.22 Upside LMS

For more information about this report visit https://www.researchandmarkets.com/r/9832qh

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900