The global smart education and learning market is estimated to witness considerable growth over the forecast period owing to increasing number of students opting for distant learning and digital education courses. The market is extensively catering to the requirement of international and government standardization bodies for development and training of workforce in various sectors. The execution of student information systems helps institutions in incorporating student information and enabling administrators to access resources efficiently.
The smart education and learning
market is expected to be driven by some factors such as progression of
interactive learning systems, emergence of digital education, online and
blended learning and growth of educational applications. Low infrastructure
cost, workforce and varied teaching methods are projected to fuel the market
demand over the forecast period. Key market opportunities include growth of
educational technology. The other features of smart education and learning
include generating services that exceed geographical and language limits as
well as time and culture barriers.
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Educational institutions control
a variety of sources to sustain their technology goals and objectives. K-12 and
higher education institutions have become more receptive towards the implementation
of technology in classrooms. However, lack of funds from state and local
government may pose a challenge to market growth. Smart learning and
collaboration enables mobility among professors and students. Education institutions have become more
vigilant towards the application of hi-tech learning devices.
Increased competition from new
models of education, low digital fluency among educational institutions along
with improper roadmaps and scarcity of resources may hamper market growth.
Further, factors such as lack of digital competency among institutes and
competition from upcoming methods of education are also anticipated to limit
market growth.
The introduction of technology
into the classroom and learning space has empowered varying curriculum, multi-modal
training and spawning numerous forms of associations and online research. In
today’s technology empowered knowledge market, various institutions encounter
complexities while leveraging technology within the campus. Key market trends
such as execution of education technology and effective incorporation generate
a prospect to impart education for institutions in a more interactive and
effective manner. The technologies that make a difference in the educational
pattern include simulations, interactive white boards along with social media
and games.
Technology-based tools help in
developing student performance when integrated within the curriculum. Learning
management and assistive systems enable teachers to deliver education in
classrooms. The persistent evolution of technology in education has assisted
educators to build classrooms, which are interactive, collaborative and
accompanied entirely through web services. The market is estimated to have
immense scope in the higher education, pre K-12, enterprise/business education
and healthcare sectors.
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The global smart education and
learning market on the basis of learning modes is classified as Other
segmentation on the virtual classrooms or webinars, self-paced e-learning, mobile
learning, social learning, collaboration based learning, and game based
learning and simulation-based learning. The virtual classrooms or webinars are
estimated to witness high growth. bowing to several factors such as low
maintenance cost and comparatively less infrastructure investments.
The Asia Pacific smart education
and learning market is anticipated to witness considerable growth r over the
next seven years owing to high adoption-rate of learning techniques and smart
education in developing countries. Europe, followed by North America is
estimated to exhibit high potential for smart education and learning market
growth. Key vendors such as Smart technologies, Blackboard, EduComp solutions,
NIIT Limited, Three Rivers Systems and Adobe, dominate the market
Systems that provide software
solutions and educational learning to institutions. The smart education and
learning market is gaining pace, and characterized by mergers and acquisitions.
For example, the acquisitions of Knowillage by Desire2Learn, MyEdu by
Blackboard and Kno by Intel. Other market players include Instructure Inc.,
SunGard and n2n services that provide applications and educational products for
K-12 at a comparatively lower cost.
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