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Smart education and learning market Size, Share, Upcoming Trends, Key Companies, Review And Foresight Till 2026 | Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Nov 04, 2020 (The Expresswire) —
The global smart education and learning market size is projected to reach USD 783.48 billion by the end of 2027. The rising smartphone penetration, coupled with the ease of availability of high speed communication networks across the world will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Smart Education and Learning MarketSize, Share and COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Learning Mode (Collaborative Learning, Virtual Instructor Led Learning, Simulation-Based Learning, Social Learning, Blended Learning), By End User (Corporate, Academic, Government), and Regional Forecast, 2020-2027,” the market was worth USD 191.32 billion in 2019 and will exhibit a CAGR of 19.6% during the forecast period, 2020-2027.

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List of companies profiled in the report:

  • Blackboard Inc. (Washington, D.C., United States)

  • Ebix Inc. (Atlanta, Georgia, United States)

  • Cisco Systems, Inc. (San Jose, California, United States)

  • McGraw Hill. (New York, United States)

  • D2L Corporation. (Kitchener, Canada)

  • NIIT (Gurugram, Haryana, India)

  • Pearson (London, United Kingdom)

  • SkillSoft (Nashua, New Hampshire, United States)

  • SMART Technologies ULC (Calgary, Canada)

  • Ellucian Company L.P. (Virginia, United States)

  • BYJU’S (Bengaluru, Karnataka, India)

  • PROMETHEAN LIMITED (Seattle, Washington, United States)

  • Saba Software (Dublin, California, United States)

  • SAMSUNG (Seoul, South Korea)

  • Cengage (Boston, Massachusetts, United States)

  • NetDragon Websoft Holdings Limited (Fuzhou, China)

  • Absorb LMS Software Inc. (Calgary, Alberta, Canada)

  • Cornerstone OnDemand, Inc. (Santa Monica, California, United States)

  • Oracle Corporation (Redwood City, California, United States)

  • Paradiso Solutions LLC (Silicon Valley, California, United States)

  • CrossKnowledge (John Wiley and Sons, Inc.) (Suresnes, France)

  • JZero Solutions Ltd (Slough, Berkshire, United Kingdom)

  • Edmodo (Mariners Island Blvd, San Mateo, CA, USA)

Smart education and learning has been an integral part of our lifestyle ever since the roots of technology have been spread across the world. The implementation of real time concepts has proven beneficial for several applications, including smart education. The changing lifestyle habits and schooling patterns have created several growth opportunities for the companies operating in the market. The presence of several large scale companies in this sector has subsequently emerged in favor of the growth of the overall market. The massive investments in technological integration are consequential to the benefits offered by smart education and learning, especially in unprecedented times such as pandemics and emergency situations. The primary aim of smart education and learning is to introduce a simplified way of learning and evidently, these platforms have catered to the COVID-19 pandemic.

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/smart-education-and-learning-market-101942

Smart Education Has Almost Perfectly Fit-In During the COVID-19 Pandemic

The recent coronavirus outbreak has created a sense of panic across the world. The rapid spread of the disease has compelled governments across the world to focus on implementing strict measures that would include social distancing practices to curb the spread of the virus. In such situations, platforms such as smart learning and education become an essential part of our life. As more people are left with no other option than to stay indoors, online platforms blend in perfectly with this kind of lifestyle. The presence of numerous large scale vendors will have a significant impact on the growth of the overall market during the COVID-19 pandemic.

Key segments within the Smart Education and Learning market

1. By Component

2. By Learning Mode

  • Collaborative Learning

  • Virtual Instructor-Led Training (VLIT)

  • Simulation-Based Learning

  • Social Learning

  • Blended Learning

3. By End-User

4. By Region

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Norway, Netherlands, and the Rest of Europe)

  • Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)

  • Middle East and Asfrica (South Africa, GCC and the Rest of the Middle East and Africa)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

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Company Mergers are an Increasing Trend Among Major Companies Across the World

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and collaborations has made the highest impact on market growth. Due to healthy market competition, companies have found it increasingly difficult to penetrate in the consolidated regions and it looks like collaborations have given most of the companies a platform to expand their businesses. In June 2020, Skillsoft announced that it has collaborated with Data Society to develop a new virtual classroom platform. The company will develop its first Python Bootcamp that will enable attendees’ interaction with all other people in the session. The company will look to develop a customized virtual classroom that will help address the rising product demand across the world. Skillsoft’s latest collaboration with Data Society is one of several company collaborations of recent times that have had a huge say on the growth of the overall market.

North America to Emerge Dominant; Presence of Several Large Scale Companies to Aid Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies will have a huge impact on the growth of the regional market. The increasing demand and adoption of online platforms as well as home schooling, especially in the United States, will bode well for the growth of the regional market. The rising coronavirus cases in the United States have been pivotal to the widespread adoption of the product and subsequently, the growth of the market. As of 2019, the market in North America was worth USD 68.54 billion and this value is projected to increase further in the coming years.

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Industry Developments:

October 2019 — Saba Software announced the launch of a personalized learning experience platform, to provide better user engagement.

Table of Content

5.Global Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026

5.1.Key Findings / Summary

5.2.Market Size Estimates and Forecasts

5.2.1.By Component (Value)

5.2.1.1.Hardware

5.2.1.1.1.Interactive White Boards

5.2.1.1.2.Interactive Displays

5.2.1.1.3.Interactive Tables

5.2.1.1.4.Interactive Projectors

5.2.1.1.5.Student Response Systems

5.2.1.2.Software

5.2.1.2.1.Learning Management System (LMS)

5.2.1.2.2.Learning Content Management System

5.2.1.2.3.Adaptive Learning Platform

5.2.1.2.4.Assessment Systems

5.2.1.2.5.Others

5.2.1.3.Services

5.2.1.3.1.Implementation and Integration

5.2.1.3.2.Training and Consultant

5.2.1.3.3.Support and Maintenance

5.2.2.By Learning Mode (Value)

5.2.2.1.Collaborative Learning

5.2.2.2.Virtual Instructor Led Training (VLIT)

5.2.2.3.Simulation Based Learning

5.2.2.4.Social Learning

5.2.2.5.Blended Learning

5.2.3.By End User (Value)

5.2.3.1.Corporate

5.2.3.1.1.SMEs

5.2.3.1.2.Large Enterprises

5.2.3.2.Academic

5.2.3.2.1.K-12

5.2.3.2.2.Higher Degree

5.2.3.3.Government

5.2.4.By Region (Value)

5.2.4.1.North America

5.2.4.2.Europe

5.2.4.3.Asia Pacific

5.2.4.4.Middle East and Africa

5.2.4.5.Latin America

6.North America Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026

6.1.Key Findings / Summary

6.2.Market Size Estimates and Forecasts

6.2.1.By Component (Value)

6.2.1.1.Hardware

6.2.1.1.1.Interactive White Boards

6.2.1.1.2.Interactive Displays

6.2.1.1.3.Interactive Tables

6.2.1.1.4.Interactive Projectors

6.2.1.1.5.Student Response Systems

6.2.1.2.Software

6.2.1.2.1.Learning Management System (LMS)

6.2.1.2.2.Learning Content Management System

6.2.1.2.3.Adaptive Learning Platform

6.2.1.2.4.Assessment Systems

6.2.1.2.5.Others

6.2.1.3.Services

6.2.1.3.1.Implementation and Integration

6.2.1.3.2.Training and Consultant

6.2.1.3.3.Support and Maintenance

6.2.2.By Learning Mode (Value)

6.2.2.1.Collaborative Learning

6.2.2.2.Virtual Instructor Led Training (VLIT)

6.2.2.3.Simulation Based Learning

6.2.2.4.Social Learning

6.2.2.5.Blended Learning

6.2.3.By End User (Value)

6.2.3.1.Corporate

6.2.3.1.1.SMEs

6.2.3.1.2.Large Enterprises

6.2.3.2.Academic

6.2.3.2.1.K-12

6.2.3.2.2.Higher Degree

6.2.3.3.Government

6.2.4.By Country (Value)

6.2.4.1.United States

6.2.4.2.Canada

7.Europe Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026

7.1.Key Findings / Summary

7.2.Market Size Estimates and Forecasts

7.2.1.By Component (Value)

7.2.1.1.Hardware

7.2.1.1.1.Interactive White Boards

7.2.1.1.2.Interactive Displays

7.2.1.1.3.Interactive Tables

7.2.1.1.4.Interactive Projectors

7.2.1.1.5.Student Response Systems

7.2.1.2.Software

7.2.1.2.1.Learning Management System (LMS)

7.2.1.2.2.Learning Content Management System

7.2.1.2.3.Adaptive Learning Platform

7.2.1.2.4.Assessment Systems

7.2.1.2.5.Others

7.2.1.3.Services

7.2.1.3.1.Implementation and Integration

7.2.1.3.2.Training and Consultant

7.2.1.3.3.Support and Maintenance

7.2.2.By Learning Mode (Value)

7.2.2.1.Collaborative Learning

7.2.2.2.Virtual Instructor Led Training (VLIT)

7.2.2.3.Simulation Based Learning

7.2.2.4.Social Learning

7.2.2.5.Blended Learning

7.2.3.By End User (Value)

7.2.3.1.Corporate

7.2.3.1.1.SMEs

7.2.3.1.2.Large Enterprises

7.2.3.2.Academic

7.2.3.2.1.K-12

7.2.3.2.2.Higher Degree

7.2.3.3.Government

7.2.4.By Country (Value)

7.2.4.1.UK

7.2.4.2.Germany

7.2.4.3.France

7.2.4.4.Norway

7.2.4.5.Netherlands

7.2.4.6.Rest of Europe

8.Asia Pacific Smart Education and Learning Market Analysis, Insights and Forecast, 2015-2026

8.1.Key Findings / Summary

8.2.Market Size Estimates and Forecasts

8.2.1.By Component (Value)

8.2.1.1.Hardware

8.2.1.1.1.Interactive White Boards

8.2.1.1.2.Interactive Displays

8.2.1.1.3.Interactive Tables

8.2.1.1.4.Interactive Projectors

8.2.1.1.5.Student Response Systems

8.2.1.2.Software

8.2.1.2.1.Learning Management System (LMS)

8.2.1.2.2.Learning Content Management System

8.2.1.2.3.Adaptive Learning Platform

8.2.1.2.4.Assessment Systems

TOC Continued….!

An Overview of the Impact of COVID-19 on this Market:

The emergenc
e of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/smart-education-and-learning-market-101942

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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