The smart education and learning market revenue by the end of 2022 was US$ 2,371.5 Million. The smart education and learning market is expected to reach US$ 3,532 Million by 2033, growing at a CAGR of 18.9% for 2023 to 2033.
| Attributes | Details |
|---|---|
| Estimated Year (2023) Market Value | US$ 4,199.65 Million |
| Projected Year (2033) Market Value | US$ 3,532 Million |
| CAGR% (2023 to 2033) | 18.9% |
| Top 5 Vendor Market Share | Around 40% |
The term "smart education and learning market" describes the application of technology to the educational field in order to improve student learning. In addition to using interactive whiteboards, tablets, and computers, this also entails using instructional software and online learning environments.
In the upcoming years, the market for smart education and learning is anticipated to expand as a result of factors like rising technology usage in schools and a rising emphasis on individualised instruction.
The smart education and learning market consists of 60% of the global edu-tech market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The smart education and learning market is estimated to rise at a CAGR of 18.9% over the forecast period 2023 to 2033 paralleled to the 2018 to 2022 CAGR of 17.2%.
Smart education and learning refers to the application of technology and data analysis to improve student learning. This can incorporate elements like gamified learning, individualised instruction, and adaptive evaluations. Smart education aims to give students a more enjoyable and efficient learning experience while utilising data and technology to better identify student requirements and modify teaching strategies accordingly.
Though, the 2023 to 2033 forecast period is projected to witness astounding growth for the smart education and learning market, rising availability of technology and data, as well as a growing understanding of the potential advantages of personalised and data-driven approaches to education, have all contributed to the expansion of smart education and learning in recent years.
Advances in artificial intelligence and machine learning, which have made it possible to develop more sophisticated and effective educational tools, as well as a growing emphasis on student-centered learning and personalised instruction, are additional factors that have fueled the growth of smart education. The COVID-19 epidemic has also sped up the adoption of online and remote learning, which has further fueled the expansion of smart education and learning.
Since smart education and learning don't require as many expensive physical resources, such textbooks and classrooms, they may be more economical than traditional approaches. By placing the learner at the centre of the educational process, smart education and learning can assist to produce students who are more motivated and engaged in their studies.
More sophisticated and engaging instructional tools are now possible because to technological advances like artificial intelligence, machine learning, and virtual reality.
Principal Consultant
North America is estimated to have the largest market share over the forecast period and held the largest market share of 20.40% in 2021, while South Asia and the Pacific are estimated to have the highest growth rate over the forecast period with a CAGR of 20.5%.
The market for smart education and learning in North America is expanding quickly as an increasing number of colleges and institutions use technology to enhance their curriculum and provide more flexible learning options. This is caused by a number of things, including the need to address the skills gap and enhance educational outcomes, the growing popularity of online learning, and the expanding accessibility of high-speed internet.
South Asia and the Pacific are expected to experience the quickest growth due to their large populations, high internet penetration rates, and the fact that many of these countries are investing in the development of e-learning infrastructure and educational content as well as putting policies in place to facilitate digital education.
The smart education and learning business in the USA is sizable and expanding quickly. In the US, a lot of colleges and universities are utilising technology to enhance their curricula and provide students with more flexible learning options. This is caused by a number of things, including the need to address the skills gap and enhance educational outcomes, the growing popularity of online learning, and the expanding accessibility of high-speed internet.
It is anticipated that the covid pandemic will have an effect on the market for smart education and learning. The recent pandemic has expedited the adoption of online learning in the USA.
The desire for online and digital learning solutions, as well as increased access to technology and the internet are driving the rapid growth of the smart education and learning market in India.
A large number of private businesses and start-ups are also breaking into the market, offering a variety of digital educational products and services, including online lessons, educational apps, and virtual reality-based learning. Pandemic has spurred online learning adoption in India and is anticipated to have a long-term influence on the market for smart education and learning.
The government of China has made investments in the creation of online learning platforms and digital educational content, and numerous colleges and institutions are utilising technology to enhance their curricula and provide more flexible learning opportunities.
The government has created laws and rules governing the use of technology in education, some of which include subsidies for the adoption of digital learning. These are the factors which accelerated the adoption of smart education and learning with CAGR of 12.5%
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The market was divided into hardware, software, and services based on its component parts.
One of them is expected to have a substantial market share: software. The hardware infrastructure has been weakened by the advancement of cloud computing technology. The learning paradigm provided by the software architecture is reliable, adaptable, personalised, and simple to use. Online education platforms are supported by the increasing use of mobile devices like smartphones, tablets, and laptops as well as broadband network connectivity.
Smart education and learning, coupled with learning content management systems, are predicted to experience and maintain a significant market value.
Simulation-based learning is a method of teaching and training in which learners interact with virtual environments or simulations of real-world scenarios. This approach allows learners to practice and apply skills and knowledge in a safe and controlled environment, and can be used in a variety of fields, including healthcare, aviation, and engineering.
Simulation-based learning is one aspect of the smart education and learning market, and is becoming increasingly popular as technology advances and the demand for more interactive and engaging learning methods grows.
The major players in the smart education and learning industry are acquiring the start-ups and small firms to enhance their business worldwide and also they are focusing to new technology which is cost-effective and easy to use for students and professionals.
| Attribute | Details |
|---|---|
| Market value in 2023 | US$ 3,573.7 Million |
| Market CAGR 2022 to 2032 | 18.9% |
| Share of top 5 players | Around 40% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa |
| Key Segments Covered | Component, Learning, End User and Region |
| Key Companies Profiled | Docebo; Aptara; Adobe; Schoology; Haiku Learning; WizIQ; Learn Cast; Blackboard; Smart Technologies; IBM; Google LLC; Microsoft; Cross Knowledge; McGraw-Hill; Pearson; Articulate |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Some leading companies for smart education and learning are IBM, Google LLC, Adobe, Articulate, and McGraw-Hill.
South Asia and Pacific region is expected to showcase the highest growth of CAGR 27.3% over the forecast period.
Artificial intelligence, data science, and cyber security continues to grow in Upcoming years that will drive demand for smart education and learning Market.
Software Segment has the largest market share for the smart education and learning Market of 32.8%.
Simulation Based Learning has the highest CAGR of 24.1% for the forecast period.
USA, China, UK, Japan and India.
The market share of South Asia and Pacific for the year 2022 is 10%.
Transform traditional computing (2D computing) and make it more human centred (3D computing).
India has the highest CAGR for the forecast period, which is 15.6%.
The CAGR for the forecast period 2018 to 2022 for smart education and learning market was 17.2%.
China had the largest market share in East Asia in 2022, for Smart Education and Learning Market with a market share of 33.4% in the region.
Explore Technology Insights
View Reports
Smart Education and Learning Market
