The Smart Learning Market is expected to grow from USD 27.46 billion in 2020 to USD 95.4 billion by 2026 at a CAGR of 21.0% from 2020 to 2026.
Smart learning is a way of learn through electronically with the help of learning applications and software. These advanced methods are allowing learners to absorb knowledge more effectively and efficiently. The ongoing global inclination towards smart learning marks a prominent paradigm shift in modern learning, but still, most of the people find the concept obscure. Smart Learning offers flexible learning solutions which replace conventional classroom teaching methods. Many educational institutes and universities are changing their preference for smart learning concepts by deploying high-tech teaching methods. Rising acceptance of e-learning in academic and corporate sectors coupled with technological improvements in smart education is the primary driver for the global smart learning market growth. In addition, the smart learning has observed a growth in its adoption owing to various benefits such as convenience and improved concentration of learners. Furthermore, it has stimulated both students and teachers to improve their efficiency and productivity. The aforementioned factors will foster the market growth in the projected time. In addition to this, the rising trend of advent of bring your own devices (BYOD) is projected to increase the implementation of smart learning platforms, generating growth opportunities in the global market. Additionally, increasing number of virtual schools across the world is also further anticipated to boost the market growth in the coming years. Apart from this, the heavy investments are required for implementation of advanced teaching technologies, which is a major impeding factor for the growth of the smart learning market.
Furthermore, the surging demand for an AI-enabled personalized education experience is one of the major trends observed in the smart learning market. Personalized learning solutions enable better understanding among students by lining up their educational backgrounds, interests and academic goals, therefore creating a customized learning experience for them. Moreover, due to the global lockdowns caused by the spread of the COVID-19 virus, education institutions have been compelled to conduct their classes online. Hence, there is surging demand for online learning platforms by educational institutes and enterprises, resulting in high investments in smart learning solutions. As social distancing and school shutdowns are becoming more frequent, online learning will become an integral part of the education curriculum. In the coming years, this ongoing trend of online education and eLearning is projected to propel the smart learning market even after the pandemic.
The global Smart Learning Market is segregated on the basis of component as Hardware, Software and Services. Based on Learning Type the global Smart Learning Market is segmented in Synchronous Learning and Asynchronous Learning. Based on End User the global Smart Learning Market is segmented in Academic and Enterprises.
The global Smart Learning Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Smart Learning Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Blackboard, Cisco, Cornerstone OnDemand, CrossKnowledge, D2L, Ellucian and others are among the major players in the global Smart Learning Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Smart Learning Market has been segmented as below:
Smart Learning Market, By Component
Smart Learning Market, By Learning Type
Smart Learning Market, By End User
Smart Learning Market, By Region
Smart Learning Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
The global Smart Learning Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Learning Market share. Major industry players with significant revenue share include Blackboard, Cisco, Cornerstone OnDemand, CrossKnowledge, D2L, Ellucian and others.
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1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
18.104.22.168. Secondary Research
22.214.171.124. Primary Research
126.96.36.199. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
5. Smart Learning Market, By Component
5.1. Key Points
6. Smart Learning Market, By Learning Type
6.1. Key Points
6.2. Synchronous Learning
6.3. Asynchronous Learning
7. Smart Learning Market, By End User
7.1. Key Points
8. Competitive Landscape
8.2. Start-up companies- Smart Learning Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9. Company Profile
9.6. Cornerstone OnDemand
9.17. Saba Software
9.20. SMART Technologies9.21 Upside LMS