According to a new report published by UnivDatos Markets Insights, the Social and Emotional Learning Market is expected to grow at a CAGR of around 22% from 2022-2028. The analysis has been segmented into Components (Solution and Services); Deployment Mode (Cloud and On-Premises); End-User (Preschool, Elementary School, Middle & High School); Region/Country.
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The Social and Emotional Learning market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Social and Emotional Learning market. The Social and Emotional Learning market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Social and Emotional Learning market at the global and regional levels.
Market Overview
Social and emotional learning (SEL) describes the mindsets, skills, attitudes, and feelings that help students succeed in school, career, and life, such as a growth mindset, grit, and sense of belonging at school. Social-emotional learning is an important part of a well-rounded education. Research shows that SEL is an important lever for boosting academic achievement. Positive social-emotional skills are also correlated with improved attendance and reduced disciplinary incidents. Factors such as A faster pace of living and a shift to urban environments mean people need to engage with new ways of thinking and working and new people. Aging and more diverse populations and the dismantling of traditional social networks place additional emphasis on people’s sense of trust, cooperation, and compassion driving the need for social and emotional learning.
Social and emotional learning positively influences and catering the interest of policymakers and researchers. Many Social and emotional skills have been shown to influence many important life outcomes, but also to influence the development and use of cognitive skills. Coupled with increased awareness of their malleability, and their growing relevance for the future world, these factors are driving the market size of SEL.
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COVID-19 Impact
Due to lockdown restrictions schools closed across the globe coupled with the closure of borders, stringent lockdowns, and supply chain issues act as restraining factors for the onsite deployment of Social and Emotional Learning solutions. Young people, adults, families, and communities all experienced increased feelings of isolation, stress, and loss due to the COVID-19 pandemic. Across the globe, the community was addressing the impact of the pandemic and social and emotional learning (SEL) offers a powerful way to support one another during these trying times. As a result, the COVID-19 pandemic is expected to propel the Social and Emotional Learning market forward.
The global Social and Emotional Learning market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on components, the social and emotional learning market is segmented into solutions (SEL platform and SEL assessment tool), and services (consulting, deployment and integration, and training and support). Service category to witness higher CAGR during the forecast period. SEL service providers assist educational stakeholders in efficiently using SEL solutions. Services aim at training and developing expertise, providing timely upgradations for the software or platform, and helping customers integrate their software or platform with other educational solutions.
· On the basis of deployment mode, the social and emotional learning market is bifurcated into cloud and on-premises. Among these, the cloud segment to hold a significant share in the market in 2020. As one SEL solution does not exist that can develop social and emotional skills rather advancing SEL will require sustained effort from a multifaceted ecosystem and to overcome the barriers that slow the development of SEL worldwide which escalated the need for cloud deployment.
· Based on End-User, the social and emotional learning market has been classified into preschool, elementary school, middle & high school. The pres-school category is to witness higher adoption of social and emotional learning during the forecast period. As pre-school presents an important opportunity to support children’s social and emotional development. Also, social and emotional learning programs help to improve child health and educational outcomes.
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Social and Emotional Learning Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)
· Rest of the World
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising government initiatives to promote the digital infrastructure and the growing proliferation of distance education and/or e-learning solutions. In addition, the presence of the highest number of leading manufacturers such as Panorama Education, Illuminate Education, and Committee for Children are majorly acting as catalyzing factors for the market development.
The major players targeting the market include
· Aperture Education LLC
· Committee For children
· Emotional ABCs
· Averi Inc.
· Purpose prep. Academy
· Rethink Ed
· Social express Inc.
· Everyday speech
· Nearpod
· Peekapak
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Social and Emotional Learning market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Social and Emotional Learning market?
• Which factors are influencing the Social and Emotional Learning market over the forecast period?
• What are the global challenges, threats, and risks in the Social and Emotional Learning market?
• Which factors are propelling and restraining the Social and Emotional Learning market?
• What are the demanding global regions of the Social and Emotional Learning market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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According to a research report "Social and Emotional Learning (SEL) Market by Component (Solutions (SEL Platform and SEL Assessment Tool), Services), Type (Web and Application), End User (Pre-K, Elementary Schools, Middle and High Schools), and Region - Global Forecast to 2024", published by MarketsandMarkets, the Social and Emotional Learning (SEL) market size is projected to grow from USD 1.2 billion in 2019 to USD 3.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period.
The major factors driving the growth of the SEL market include the promotion of SEL by government organizations; improvement in school environment, citizenships, and relationships; and high capital spending by educators on SEL solutions.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245017024By component, the solutions segment to record a larger market size during the forecast periodSEL solutions comprise SEL platform and SEL assessment tool.
SEL platform is used by educators (school/districts, teachers, parents, and communities) to help students work on their emotions, feelings, empathy, relationships, goals, responsibilities, and make informed decisions.
In the student’s entire learning journey, educators have always concentrated on the student’s emotional and social skills.
Hence, educators are aggressively implementing the SEL platform worldwide.By end user, the pre-K segment to record the highest growth rate during the forecast periodPrincipals, teachers, and policymakers have shown interest in implementing SEL into the pre-K curriculum.
