Smart Education and Learning Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[209+ Pages Report] According to Facts and Factors, the global smart education and learning market size was valued at USD 263.48 billion in 2022 and is anticipated to reach USD 1047.58 billion during the forecast period. The smart education and learning market is expected to grow with a CAGR of 18.86% between 2023-2030.

The smart education and learning industry report covers all aspects, including the potential growth drivers, restraints, and leading market players. Also, it offers detailed key insights into the opportunities and challenges in the market landscape. The report also explores market segmentation and regional developments in the industry.

Market Overview

Smart educational learning is often referred to as e-learning. Such a learning system utilizes digital technology to improve the learning experience and educational processes. Smart education and learning work on the integration of a wide range of tools, devices, and platforms to deliver personalized and flexible learning experiences along with facilitating smooth communication.

Smart education involves artificial intelligence, virtual reality, the internet, smartphones, tablets, computers, and other devices to transform the educational processes while making learning more accessible, engaging, and interactive.

Key Insights

• As per the analysis shared by our research analyst, the global smart education and learning market size is estimated to grow annually at a CAGR of around 18.86% over the forecast period (2023-2030).
• In terms of revenue, the global smart education and learning market size was valued at around  USD 263.48 billion in 2022 and is projected to reach USD 1047.58 billion by 2030.
• The wide adoption of artificial intelligence in smart workplaces is likely to drive the growth of the global smart education and learning market.
• Based on the end-user, the academic segment accounts for the largest share of the global market.
• Based on the learning mode, the blended learning segment is noted to observe the highest share of the industry.
• Based on the component, the service segment is expected to swipe the largest share of the global market.
• Based on age, the 11 to 18 years segment is expected to dominate the global market.
• Based on region, North America is expected to dominate the market during the forecast period.  

Growth Drivers

• Technological advancements are likely to propel the growth of the global market.

The emergence of machine learning, artificial intelligence, cloud computing, big data analytics, and other advancements has significantly led to the development of smart educational learning solutions. These solutions help in making the education system more interactive and personalized by fostering an engaging and educational experience for the students.

Moreover, the penetration of high-speed internet in developing and underdeveloped areas has further contributed to the growth of the global smart education and learning market. Increased internet accessibility has also propelled the usage of virtual classrooms, online learning platforms, video-based tutorials, and several other solutions, thereby boosting the growth of the industry in the forthcoming years.

Also, the high proliferation of mobile devices his father offered on-the-go options to the students further anticipated propelling that option of smart learning and education. For instance, Smart Technologies in January revealed interactive display panels that help to fill the gap between physical and digital learning at future education technology conferences.

Restraints

• Infrastructure challenges are likely to hamper the growth of the global market.

The lack of robust I.T. infrastructure is expected to hinder the growth of the global smart education and learning industry. Unstable internet connectivity disturbed the virtual classroom experience by restricting access to online learning resources. Also, the initial investments in setting up the smart education solution are quite high, which further restricts the growth of the industry.

Opportunities

• Advent of remote learning is expected to offer liberating growth opportunities in the global market.

The advent of the Covid-19 pandemic has significantly propelled the adoption of smart learning systems all across the globe. Schools and educational institutes shifted their physical learning centers into online classrooms, which led to the establishment of digital learning tools significantly.

Moreover, the flexibility and convenience offered by smart education solutions are further making learning more accessible. People can learn and study according to their schedules at their own pace with high flexibility. Nowadays, working professionals and busy individuals can also take their studies forward with online learning classes.

Many organizations and businesses are embracing e-learning platforms for employee training and development. Constant research and development activities in the industry are further anticipated to foster improvements in the global smart education and learning market. For instance, the Ellucian Company L.P. collaborated with ESM in February 2019 to provide procure-to-pay tools for smart education and learning, particularly for higher classes.

Challenges

• Resistance to change is a big challenge in the global market.

The traditional education system is deeply rooted in humans. Therefore, there is higher resistance from parents, administrators, and educators. Transitioning from traditional learning methods to smart education is, therefore, a big challenge in the global market. Furthermore, the lack of personalized training is another reason expected to slow down the growth of the global smart education and learning industry.

Segmentation Analysis

The global smart education and learning market can be segmented into end-user, learning mode, component, age, and region.

By end-user, the market can be segmented into academic and corporate. The academic segment accounts for the largest share of the global market as it continues to address the particular requirement of educational institutes to improve the learning and teaching process.

However, the corporate segment is also expected to grow significantly during the forecast period due to the increasing demand for learning methods and smart education within the organization for training employees. There is a significant rise in demand for skill development to meet future challenges, which in turn will also expand the scope of the segment during the predicted period.

By learning mode, the market can be segmented into adaptive learning, simulation-based learning, collaborative learning, virtual instructor LED training, blended learning, and social learning. The blended learning segment is noted to observe the highest share of the smart education and learning industry in the forthcoming years. The higher growth rate can be attributed to technological advancements and rising awareness among people regarding its high need.

However, in terms of revenue, the simulation-based learning segment is also predicted to grow fast in the global market over the forecast period due to the increasing adoption of such educational systems in hospitals among healthcare professionals.

By component, the market can be segmented into service and hardware. The service segment is expected to swipe the largest share of the global smart education and learning industry due to the increasing number of online learning portals. There is a wide availability of numerous smart educational mediums to offer high-quality education content in the form of learning videos, question banks, test papers, materials, and study notes, which will further accentuate the growth of the segment.

By age, the market can be segmented into above 45, 30 to 45 years, 19 to 29 years, 11 to 18 years, and 5 to 10 years. The 11 to 18 years segment is expected to dominate the global market due to the high adoption rate of smart learning solutions in academics. Furthermore, educational institutes are offering real-time theoretical, practical, and task-based courses to these students via smart training programs.

Report Scope de

Regional Analysis

• North America dominates the global market during the forecast period.

North America is expected to be the fastest-growing region in the global smart education and learning market. It is projected to grow significantly because of the presence of a strong market player and well-established ICT solution providers.

Also, the larger consumer base is also likely to provide support to the growth trajectory of the regional market. Furthermore, the high acceptance of smart learning solutions in the USA will also boost the growth of the regional market.

Several colleges and higher education universities are adopting smart technologies in academics to improve their curriculum and offer flexible learning solutions to their students. The educational system is increasingly integrating learning with smart technologies to address the increasing skill gap. The growing popularity of online learning, along with the convenience offered by it, is further making the market more attractive to investors and end-users. The high-speed internet and better educational outcomes will also promote online learning in the region.

Asia Pacific is also noted to observe a significant growth rate in the forthcoming years owing to the developments in the growing economies like Japan, China, and India. The effective initiatives undertaken by the government will foster developments in the online educational system. The government is funding a large number of projects for literacy development, particularly in rural areas.

Also, the development of the latest technology and easy adoption of this advanced tech, like massive open online courses (MOCC), personalized literacy programs, gamification, and microlearning, will further accentuate the growth of the regional market. For instance, the Japanese government in April 2023 successfully raised $31.7 million in funding to innovate shared quantum computing with the help of a business-friendly cloud platform.

Competitive Analysis

The key players in the global smart education and learning market include:

• Blackboard 
• 2U 
• Age of Learning 
• MPS Interactive Systems Limited 
• SumTotal Systems LLC 
• SMART Technologies 
• Samsung Electronics Co. 
• Pearson 
• McGraw-Hill 
• Ellucian Company L.P. 
• Educomp Solutions Ltd 
• D2L Corporation 
• Cisco Systems Inc. 
• Adobe 
• Byju's 
• Kahoot 
• Quizlet 
• FutureLearn 
• Chegg 
• Pluralsight 
• Duolingo 
• Khan Academy 
• Udemy 
• Udacity 
• Coursera

For instance, NetDragon Websoft in May 2019 innovated 2,65,000 containers very similar to classrooms in Egypt to encourage smart education. NetDragon Websoft is a leading educational company in China.

The global smart education and learning market is segmented as follows:

By End-User Segment Analysis

• Academic
• Corporate

By Learning Mode Segment Analysis

• Adaptive Learning
• Simulation-Based Learning
• Collaborative Learning
• Virtual Instructor LED Training
• Blended Learning
• Social Learning

By Component Segment Analysis

• Service
• Hardware

By Age Segment Analysis

• 45 Years
• 30 to 45 Years
• 19 to 29 Years
• 11 to 18 Years
• 5 to 10 Years

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America