Overview and Scope
Smart learning is an educational approach that leverages advanced technologies to create personalized, adaptive, and engaging learning experiences. It involves using tools such as artificial intelligence (AI), machine learning, big data, and the Internet of Things (IoT) to tailor educational content and methods to individual learners’ needs, preferences, and progress. Smart learning aims to enhance the effectiveness, efficiency, and accessibility of education.
Sizing and Forecast
The smart learning market size has grown exponentially in recent years. It will grow from $42.97 billion in 2023 to $51.65 billion in 2024 at a compound annual growth rate (CAGR) of 20.2%. The growth in the historic period can be attributed to the growing demand for online and remote learning tools, advancements in AI (artificial intelligence) and machine learning, increasing adoption of advanced technologies, government support for smart education, growing BYOD (bring your device) culture, and the proliferation of connected devices.
The smart learning market size is expected to see exponential growth in the next few years. It will grow to $108.74 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to government investments in digital infrastructure, advancements in computing power, big data and data storage technologies, and digital technologies in manufacturing. Major trends in the forecast period include increasing adoption of advanced technologies, growing bring-your-own-device (BYOD) culture, and growing integration of AI-supported personalized education experiences.
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Segmentation & Regional Insights
The smart learning market covered in this report is segmented –
1) By Learning Type: Online Learning, Offline Or Classroom-based Learning, Blended Learning
2) By Offering: Hardware, Solutions, Services
3) By End User: Academic, K-12 Education, Higher Education, Corporate
North America was the largest region in the smart learning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surging adoption of smartphones and tablets is expected to propel the growth of the smart learning market going forward. Smartphones and tablets are portable electronic devices widely used for communication, entertainment, education, and work due to their accessibility and advanced functionalities. The surge in smartphone and tablet adoption is due to portability and convenience, multifunctionality, touchscreen interfaces, mobile payments, and the adoption of educational apps. Smartphones and tablets are essential elements of smart learning, as they provide flexible, personalized, and engaging learning experiences that satisfy the needs and tastes of modern learners. For instance, in March 2023, according to a report published by Cybercrew.UK, a UK-based digital media company, the percentage of UK households using smartphones is expected to rise from 91.43% in 2021 to 93.8% by 2026. Therefore, the adoption of smartphones and tablets is driving the growth of the smart learning market.
Key Industry Players
Major companies operating in the smart learning market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corp., Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corp., Cisco Systems Inc., Oracle Corp., SAP SE, Yellow Corp., Pearson plc, Citrix Systems Inc., Ellucian Company, Blackboard Inc., Pharrell Williams, Promethean World Ltd., SMART Technologies ULC, D2L Corporation, ByteXL India Private Limited
The smart learning market report table of contents includes:
1. Executive Summary
2. Smart learning Market Characteristics
3. Smart learning Market Trends And Strategies
4. Smart learning Market – Macro Economic Scenario
5. Global Smart learning Market Size and Growth
..
32. Global Smart learning Market Competitive Benchmarking
33. Global Smart learning Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart learning Market
35.Smart learning Market Future Outlook and Potential Analysis
36.Appendix
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