Global Smart Learning Market to 2026 - Increasing Spending on the Education Sector Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Smart Learning Market (2021-2026) by Component, Learning Type, End-user, and Geography, Impact of COVID-19, Ansoff Analysis, Infogence Competitive Quadrant" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Learning Market is estimated to be USD 27.6 Bn in 2021 and is expected to reach USD 61.8 Bn by 2026, growing at a CAGR of 17.5%.

Smart education and learning is an electronic way to learn with the help of learning applications and software. These advanced methods are enabling learners to digest knowledge more effectively and efficiently. The ongoing global movement towards smart learning marks an important paradigm shift in modern learning, but still, many people find the concept unclear. Smart Learning provides flexible learning solutions that replace traditional classroom teaching methods. Several educational institutes and universities are shifting their preference for smart learning concepts by adopting high-tech teaching methods. Smart Learning uses advanced methods like the virtual learning environment, virtual classrooms, smartphones, etc. It is a very effective tool for sharing knowledge.

With disruption everywhere due to Covid-19 pandemic, smart learning played a vital role. In the lockdown situation, students across the globe received their education with the help of online software and applications. Though the strong infrastructure for online learning is yet to build across the globe, smart education has made schools and universities technologically advanced. Software and applications engage students with their mentors via live streaming and online tutorials.

The factors driving the growth of the Smart Learning market include the improvement in the connectivity of communication devices in the education sector, growing use of AI and ML, increase in demand for collaboration-based learning, the proliferation of connected devices, and adoption of e-learning solutions. In addition, the emergence of Bring-Your-Own-Device (BYOD) trend and the rise in the number of virtual schools are expected to present major opportunities for market expansion.

The increasing number of cyberattacks on educational institutes and enterprises to raise data security and privacy concerns, lack of awareness and high implementation cost are some of the restraining factors for the Smart Learning Market.

The global smart learning market is segmented based on component, learning type, end-user, and geography.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance Score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Smart Learning Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

• The proliferation of Connected Devices in the Education Sector
• Adoption of eLearning Solutions
• The Growing Use of AI and ML in Smart Learning

Restraints

• Increasing Cyberattacks on Educational Institutes and Enterprises to Raise Data Security and Privacy Concerns

Opportunities

• Potential Growth Opportunities for System Integrators
• Increasing Spending on the Education Sector

Companies Mentioned

• Adobe
• Alphabet
• BenQ
• Blackboard
• Cisco
• Cornerstone OnDemand
• CrossKnowledge
• D2L
• Ellucian
• Huawei
• IBM
• McGraw-Hill
• Microsoft
• Newrow
• Oracle
• Pearson
• Saba Software
• Samsung
• SAP
• SMART Technologies
• Upside LMS

For more information about this report visit https://www.researchandmarkets.com/r/ur33j1