November 20, 2018: Global Smart Education Market is estimated to grow at a substantial CAGR of 15.96% during the period 2018-2022, product types, and its applications are increasing across the globe. Smart education implies a self- focused (learning attitude), resource enriched (plenty of learning materials), adaptive (ability and aptitude), motivated (interest), and technology embedded (ICT utilization) education system. A smart education system facilitates convenience to information anytime and anywhere due to well-organized interconnection achieved through the implementation of progressive technologies.
The factors that propel the growth of the Smart Education Market include increase in acceptance of e-learning in academic and corporate set-ups, proactive government enterprises in the emerging markets, and development in the number of mobile education applications. On the other hand, there are factors that may hamper the growth of the market including high cost of implementation and security & privacy concerns.
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Smart Education Market may be explored by type, applications, and geography. Smart Education Market may be explored by product type as Educational Contents, Hardware, Service, and Software. The “Educational Contents” segment led the Smart Education Market in 2017 and is anticipated to maintain its dominance by 2022 due to growing digital demand for digitized content used in universities and schools.
Smart Education Market could be explored based on learning mode as Simulation-Based Learning, Adaptive Learning, Virtual Instructor-Led Training, Collaborative Learning, Blended Learning, Social Learning. Smart Education Market could be explored based on end user as Corporates, and Academics. The “Academics” segment led the Smart Education Market in 2017 and is anticipated to maintain its dominance by 2022.
Smart Education Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America accounted for the major share of the Smart Education Market Size in 2017 and will continue to lead in the forecast period due to accessibility to adequate infrastructure and increased adoption of technologies in educational institutions in this region. However, Asia-Pacific is expected to witness highest growth rate in forecasted period.
The key players contributing to the robust growth of the Smart Education Market comprise Blackboard, Inc., Adobe Systems Incorporated, Cisco Systems, Inc., Educomp Solutions Ltd., Niit Limited, McGraw-Hill Education, Pearson PLC, Samsung Electronics Co., Ltd., Desire2learn Corporation Ltd., Smart Technologies, Inc., Sum Total Systems, LLC., Tata Interactive Systems, Ellucian Company L.P., Saba Software, Inc. and Promethean, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Radiant Insights analysts forecast the global smart education market to grow at a CAGR of 15.96% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global smart education market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Smart Education Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Blackboard
• Cisco
• Ellucian
• Instructure
• Pearson
• Samsung Electronics
Market driver
• Availability of cost-effective smart education solutions
• For a full, detailed list, view our report
Market challenge
• Budget constraints in emerging countries
• For a full, detailed list, view our report
Market trend
• Continuous focus on new product development
• For a full, detailed list, view our report
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