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Smart Learning Market Trends, Share, Size & Forecast

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Gmi Research
Smart Learning Market Trends, Share, Size & Forecast

Smart Learning Market was valued USD 37.4 billion in 2021 and estimated to grow at a CAGR of 20.6% duriing the period 2022-2029 and to reach USD 167.3 billion in 2029.


The factors driving growth of the Smart Learning Market includes rising popularity of online learning platforms, increasing penetration of connected devices in the education sector, emerging trend of Bring Your Own Device (BYOD) and remote working and improvements in the living standards. Moreover, increasing adoption of advanced technologies such as Artificial Intelligence (AI), cloud computing and Machine Learning (ML), rising number of smart cities, growing government initiatives to promote digitalization and rapid urbanization, are supporting the Smart Learning Market size. In addition, the increasing investments by major companies on research and development, strategic mergers, and collaborations between enterprises, rising disposable incomes and growing population growth rates, are further contributing to the market growth.

However, requirement for technical training of teacher is hampering the growth of Smart Learning Market.


The leading players operating in the market are Cornerstone OnDemand, Inc., Huawei Technologies Co., Ltd., Pearson, Saba Software, Blackboard, Inc., Samsung, Microsoft Corporation, Adobe, Inc., BenQ Corporation, Oracle Corporation, IBM Corporation, SAP SE, D2L Corporation, SMART Technologies, and McGraw-Hill among others.


Based on Component, the Software segment is estimated to grow at a fastest CAGR during the forecast period

Smart learning software increases efficiency, data security & quality and helps in managing classrooms and efficiently, are some of the features pushing growth of the segment.


Based on Learning Type, the Asynchronous Learning segment is projected to expand at a remarkable CAGR over the forecast period

Asynchronous learning solutions offer convenience, enhanced flexibility, minimizes social barriers and are easy to scale, are some of the factors propelling segment’s growth.


Based on Region, the North America region is projected to hold the largest market share during the forecast period

Presence of the leading players such as Oracle Corporation, IBM Corporation and Microsoft Corporation, growing popularity of mobile based e-learning applications, rapid urbanization, rising population growth rates are some of the important factors augmenting the market growth in the North America region.


Key Developments

  • In 2020, SMART Technologies integrated their SMART Learning Suite Online Software with the G Suite for Education.
  • In 2019, Microsoft Corporation partnered with the Central Board of Secondary Education (CBSE). Through this partnership, the companies focused on implementing cloud-powered technology in K12 teaching. The companies also focus on permitting the institutions, students & educators in India to gain skills and education in the latest technologies such as cloud and AI.

 

Market Segmentation


Segmentation by Component


  • Hardware
  • Interactive Projectors
  • Interactive Displays
  • Others
  • Software
  • Standalone Solution
  • Student Information System
  • Learning Management System/Learning Content Management System
  • Collaboration
  • Test & Assessment
  • Econtent
  • Others
  • Integrated Solution
  • Services
  • Support & Maintenance
  • Consulting
  • Implementation


Segmentation by Learning Type



  • Asynchronous Learning
  • Synchronous Learning


Segmentation by End-User


  • Enterprises
  • Small & Medium-sized Enterprises
  • Large Enterprises
  • Academic
  • K-12
  • Higher Education


Segmentation by Region


  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
  • North America
  • United States of America
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
  • RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE


About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: [email protected]

Phone: Europe – +353 1 442 8820; US – +1 860 881 2270

Address: Dublin, Ireland

Website: www.gmiresearch.com

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