The smart learning market is projected to grow from USD 67.1 billion in 2024 to USD 155.2 billion by 2029 at a CAGR of 18.3% during the forecast period. Smart learning solutions offer cost-effective alternatives to traditional education methods by reducing the need for physical infrastructure and resources. These solutions are also scalable, accommodating growing numbers of students without significant additional costs. This scalability is particularly beneficial for educational institutions looking to expand their reach and provide quality education to a larger audience. As industries strive to meet learning standards, the demand for smart learning solutions continues to grow, driving innovation in smart learning market.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=571
Government investments in digital infrastructure and educational technology are significant drivers of the smart learning market. Around the world, governments are implementing policies to modernize educational systems and promote lifelong learning. For instance, the E-rate program in the United States and Saudi Arabia’s Vision 2030 initiative aim to increase the adoption of smart learning solutions in schools and universities. Such policies ensure that educational institutions have the necessary resources and support to integrate advanced learning technologies.
The solution segment is projected to register the highest CAGR during the forecast period.
The solutions segment of the smart learning market encompasses a wide array of offerings, including integrated solutions and standalone solutions, aimed at addressing various educational needs and challenges. Solutions offer institutions with well-organized Enterprise Resource Planning (ERP) systems that help faculty members build enhanced courses and manage classrooms and schools proficiently. Online education platforms create virtual classrooms, allowing teachers to manage a large audience without budget constraints.
K-12 and higher education institutions constantly struggle to administer complex and contrasting IT solutions scattered across the campus. These software solutions help educational constituents cooperate using a single online learning platform. They further help manage content and facilitate the integration of all constituents in the learning lifecycle. Implementing SIS systems helps corporate and academic users integrate functionalities, such as HR/payroll, financial management, and enrollment, onto a single platform, thus streamlining the collaboration process of all learning constituents from any location.
The Asynchronous learning type segment contributed the largest market share in the smart learning market during the forecast period.
Asynchronous learning can be carried out online as well as offline. Asynchronous learning involves the coursework delivered by web, email, or message boards posted in online forums. In this type of learning, learners cannot put forth their doubts in real time. Learners can be self-paced, which is not possible with the synchronous learning type. Asynchronous learning software, such as SAP Learning Hub, Adobe Captivate, Pearson MyLab, and Newrow Virtual Classroom, provides benefits like message boards, discussion groups, and self-paced groups. Message boards help students put up their questions and doubts on a central board/forum or comment on the answers.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific, home to nearly 40% of the world’s population, is witnessing diverse implementations of smart learning technologies. The Asia Pacific region is undergoing a notable surge in adopting smart learning, driven by the flourishing economies of India, China, Japan, Australia, and New Zealand. Notably, Japan and China stand out as the frontrunners in this market, leveraging their technological prowess to drive innovation. Government initiatives aimed at bolstering digital infrastructure play a pivotal role in accelerating the adoption of video conferencing solutions across the region. With a promising outlook for the forecast period, Asia Pacific offers fertile ground for enhanced growth opportunities.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=571
Unique Features in the Smart Learning Market
Intelligent educational platforms use AI and data to tailor each student’s learning process. After evaluating a student’s learning preferences, abilities, and shortcomings, they curate information, suggest resources, and modify the degree of difficulty to maximize the learning process.
Adding to customisation, intelligent learning platforms are able to instantly adjust to a student’s development. In case a learner encounters difficulties understanding a concept, the platform provides extra practice tasks or different explanations. On the other hand, the system might introduce more difficult content if they pick up on a subject rapidly.
Beyond lectures and static text, smart learning takes place. It combines interactive simulations, AR/VR, and gamification to produce captivating and immersive experiences.
Smart learning caters to the modern learner’s preference for bite-sized, digestible content. Microlearning breaks down complex topics into short, focused modules that can be accessed on-demand, making learning more flexible and convenient.
Advanced Analytics and Feedback: Smart learning platforms provide educators with detailed analytics on student performance. This allows them to identify areas where students need more support and tailor their teaching approach accordingly. Additionally, students receive immediate feedback on their progress, allowing them to track their learning and make adjustments as needed.
Major Highlights of the Smart Learning Market
The need for individualized learning experiences is replacing the idea of a traditional, one-size-fits-all education system. By adjusting curriculum and instruction to each student’s unique strengths and limitations, intelligent learning solutions meet this demand and produce better learning results.
Businesses and educational institutions are embracing educational technology (EdTech) solutions more and more. As a contributing factor to the EdTech boom, smart learning platforms provide an extensive toolkit that improves teaching, allows for personalized learning, and increases administrative efficiency.
Enhanced security features, including robust physical protection and advanced cybersecurity measures, are critical components of MMDCs, addressing growing concerns over data security. MMDCs are built to be resilient against natural disasters and harsh environmental conditions, ensuring continuous operation and data protection.
Organizations are recognizing the importance of continuous employee learning and development. Smart learning solutions provide engaging and effective training programs that can upskill employees, improve performance, and bridge skill gaps, propelling market growth.
Accessibility and Flexibility: Smart learning transcends geographical barriers and offers flexible learning opportunities. Learners can access educational content and participate in courses anytime, anywhere, making education more accessible for a wider audience.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=571
Top Companies in the Smart Learning Market
The major vendors covered in the smart learning include IBM (US), Samsung (South Korea), Adobe (US), Anthology (US), SMART Technologies (Canada), Oracle (US), SAP (Germany), Microsoft (US), Cornerstone OnDemand (US), Pearson (UK), BenQ (Taiwan), Google (US), McGraw Hill (US), Cisco (US), Huawei (China), D2L (Canada), Ellucian (US), Alphabet (Alphabet Inc), Upside LMS, Edsys (India), echo360 (US), Knowledge Anywhere (US), Instructure (US), SkyPrep (Canada), Paradiso Solutions (US), and Latitude CG (US). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their smart learning presence.
IBM is a global leader in cloud platform services and cognitive solutions. It provides services in various domains such as cloud, IT infrastructure, security, and research. The company operates in over 175 countries and caters to various industries worldwide. IBM functions through five main segments: Software, Consulting, Infrastructure, Financing, and Others. Learning solutions fall under the software segment. IBM provides infrastructure, hosting, and consulting services, including customer relationship management, business analytics optimization, outsourcing, software, and security. It develops solutions and products powered by the latest technologies, such as AI and ML, analytics, big data, and IoT. IBM also offers services to help clients transform their businesses.
In the smart learning market, IBM offers Kenexa LMS, a fully managed and cloud-hosted service that simplifies deriving value from IoT devices. It is a platform that can be a hub for organizations, platform providers, and other participants in the smart learning market space. Kenexa LMS has multiple features and offers various solutions and services to educational institutes and business applications.
Adobe is a diversified global software company with a broad product portfolio in digital media, digital marketing, and print and publishing. It caters to various industry verticals such as BFSI, retail, government, travel and hospitality, healthcare, education, manufacturing, and telecommunications. Adobe licenses its technology to hardware manufacturers, software developers, and service providers for use in its products and solutions. Its marketing cloud comprises various services, such as web experience, analytics, social media optimization, testing and targeting, and campaign management. The company delivers products through software-as-a-service (SaaS), managed services, term subscriptions, and pay-per-use models.
Adobe offers six marketing cloud solutions: analytics, social media, advertising, targeting, web and app experience management, and cross-channel campaign management. One of Adobe’s digital learning solutions is Adobe Captive LMS, a learning management system. The Adobe Learning Manager comes under the Adobe Experience Cloud products category. It enables users to engage customers, increase sales, and develop employee skills.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/smart-digital-education-market-571.html