Smart Education and Learning Market to Earn USD 952 Billion in Revenues By 2023

Smart Education and Learning Market – Overview

Smart education and learning market has increased significantly in the recent years due to advances in learning techniques and better internet connectivity. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The smart education and learning market is anticipated to grow by USD 952 billion approx by 2023 at 26% CAGR rate between 2017 and 2023. 

As the nature of smart learning is dynamic, the learners can modify the course content as per their convenience, which is one of the prime factors for the demand experienced by this sector. Active learning that can be achieved from the products of this industry are instrumental in increasing the demand for this sector. Immersive technology employed in this sector has also been significantly important for the development of the market.

Industry Segments

The smart education and learning market is divided on the basis of software, hardware, service, application, deployment and organization size. By software, the market is segmented into learning management system (LMS), learning content management system, adaptive learning platform, assessment services and others. By hardware, interactive white boards (WBS), interactive displays, interactive tables, and student response systems. By service into managed services, professional services. By application, government enterprise/business education, NGOs and association, professional services, healthcare, smart education. By deployment, cloud and on-premise and lastly by organization size, large organization, small and medium organizations.

Smart media multi-touch tables are functional and interactive working tools enable effective and integrated communication with customers and users. The optimal solutions of this market are noticeable in work-group situations, design studios, in the medical-scientific field, in museums, art galleries, exhibitions and trade fairs.

Get Report Details @ https://www.marketresearchfuture.com/reports/smart-education-and-learning-market-2870

Detailed

Regional Analysis

The regional analysis of smart education and learning market is being carried out for region such as Asia pacific, Americas, Europe and Rest of the World. The increasing demand for high-tech education is driving the market. North America to dominate the smart education and learning market. Asia‐Pacific region is expected to be the fastest growing market due to the high adoption of smart education and learning techniques in developing countries.     

Global Competitive Analysis

With the entry of new industry players, the segment has demonstrated a trend of volume-driven growth. The segment has been observed to prevail with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long haul developments for this industry can be tapped by ensuring process upgrades and financial adaptability to put resources into the ideal procedures for market development.

The key players in the smart education and learning market are – Adobe Systems Inc. (U.S.), Blackboard (U.S.), Educomp (India), Cisco Systems Inc. (U.S.), McGraw-Hill Education (U.S.), NIIT Limited (India), Pearson Plc. (U.K.) Desire2Learn (Canada), SumTotal System, Inc. (U.S.) to name a few.

Blackboard Inc., a leading education technology company for teaching, learning and student engagement, announced a new organizational structure aimed at focusing its teams to better serve the needs of its clients worldwide. Blackboard has thereby created two new divisions: Global Client Operations & Success, and Global Markets.

Latest Industry News

Jan 2018 In order to ensure transparency and accountability in all its services such as health, education & sanitation, the New Delhi Municipal Council (NDMC) has adopted to digital deliver services. Under the tag of “Smart Education” - the council has planned 13 Digital libraries, four tab-based classrooms, Multi-purpose play fields including football playground for girls, schools for martyrs’ children and training of teachers have been planned. 

Dec 2017 The project developed at Alba Iulia, which aims 18 schools in the city, is part of a wider strategy of Telekom Romania of implementing Smart City solutions. This component completes the objectives of the company of expanding its own operations on this innovation segment and of consolidating the position if ITC solutions integrator on the local market. Via a protocol for implementing the Smart Education component, part of the pilot project Alba Iulia Smart City 2018, Telekom Romania has introduced, together with partner Adservio, an integrated educational bundle which includes the license for the Adservio educational management platform Electronic Catalogue and the delivery of 690 tablets for teachers fitted with SIMs for mobile net traffic, with traffic included.

Jan 2018 The Ministry of Education has signed a MoU with Etisalat to modernize school ICT infrastructure across the UAE. Under the agreement, Etisalat will implement solutions to modernize school's technology infrastructure and bring high-speed wireless Internet access to classrooms. The deal is in line with UAE 2021's goals for digital education. The ministry aims to develop a smart education environment in schools contributing to the improvement of the educational system by utilizing Etisalat services and its technical capabilities to transform to a digital education in the country.