Smart Education and Learning Market (Component - Hardware, Software, and Services; Learning Mode - Collaborative Learning, Hybrid Learning, Asynchronous Learning, Synchronous Learning, Adaptive Learning, and Others; Application - Academics, and Corporate): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the smart education and learning market provides in-depth analysis of segments and sub-segments in the global as well as regional smart education and learning market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart education and learning market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global smart education and learning market. According to the report, the global smart education and learning market is projected to reach USD 694.37 billion by 2027 from USD 259.56 billion in 2021, growing at a CAGR of 17.82% over the forecast period of 2021-2027.

Market Insight

Smart Education and Learning is the amalgamation of interactive learning with smart hardware, software, and services. The mobility and flexibility of learning are the core of smart education and learning. Digital technologies are penetrating every field including education. Smart Education and learning technologies make learning more interactive and dynamic. Education and learning modes are changing as the society and human world as a whole change. Educational systems are becoming more complex which require the assistance of modern technologies to function smoothly. Furthermore, apart from on-premise deployment of smart education and learning is being replaced by on-cloud smart education and learning technologies. The advent of smart classrooms incorporating AR and VR technologies is changing the landscape of smart education and learning.

The market is fueled by the growing demand for on-demand learning from students and working professionals. On-demand Learning offers much-needed convenience and mobility to the learner. A learner can complete learning from anywhere without being restricted to a particular setting or place. Thus, students and working professionals are enabled to learn at their own speed and at their own convenience. Furthermore, the growing number of smartphone education and learning applications aided by high-speed internet penetration is assisting the growth in demand from on-demand learning. The educational sector is focusing on adopting new digital technologies to provide education in a more interactive way. Smart classrooms are replacing the conventional classroom settings in academic institutions. Also, students find it easier to understand and learn the subject matter taught to them through smart education technologies. Although smart education and learning are technologies have received widespread adoption still their cost is high, which may act as a restraining factor for the market. The favorable startup ecosystems have fostered the growth of the new EDtech companies which offer growth opportunities in the market.

North America, the largest shareholder is the mainstay of the global smart education and learning market.  North America has always been the trendsetter while enacting new technologies. Most of the highly ranked universities in the world are situated in North America. These universities have constantly evolved over the period of time incorporating the newest technologies in learning and education. Thus, an ecosystem providing smart education solutions has developed in North America.

Segment Covered

The report on global smart education and learning market covers segments such as component, learning mode, and application. On the basis of component, the sub-markets include hardware, software, and services. On the basis of learning mode, the sub-markets include collaborative learning, hybrid learning, asynchronous learning, synchronous learning, adaptive learning, and others. On the basis of application, the sub-markets include academics, and corporate.

Companies Profiled:

The report provides profiles of the companies in the market such as Adobe Systems Incorporated, Cisco Systems, Inc, Blackboard Inc, Ellucian Company L.P., Samsung, SMART Technologies ULC, IBM Corporation, Pearson Education, Inc., Byju's, and D2L Corporation.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the smart education and learning market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.