The article cited AMA's "Global Smart Learning Market Study" explored substantial growth of 19.79%. According to the report, The growing use of AI and ML in Smart Learning
is one of the primary growth factors for the market. Increasing Budget Allocations for eLearning Programs
is also expected to contribute significantly to the Smart Learning market. Overall, applications of Smart Learning, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Users, such as Academic {K 12 Students, College Students}, is boosting the Smart Learning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component , such as Hardware {Interactive Displays, Interactive Projectors}, is boosting the Smart Learning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Learning Type, such as Synchronous Learning, is boosting the Smart Learning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Learning market identified that the demand is rising in many different parts of the world as "Potential Growth Opportunities for System Integrators
". Furthermore, some recent industry insights like "On 24 June 2019, AVID (Advancement Via Individual Determination) and SMART Technologies announced a collaboration in North America to help schools and students achieve better outcomes through the powerful combination of AVID's methodology and SMART's technology. Through this collaboration, the two organizations will look at opportunities to leverage and amplify AVID's inquiry-based, student-centric approach with best practices utilizing technology including SMART Board interactive displays and SMART Learning Suite software. and On 4 Nov 2019, Pearson, the world's learning company, announced the acquisition of Lumerit Education, an ed tech company that helps address the issues of college degree completion and affordability in the consumer and corporate markets. Lumerit uses data and analytics to match learner profiles to academic programs to enable more people to prosper in their lives through learning. The deal values Lumerit at USD 29 million." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Smart Learning market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Learning market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Learning market size is calculated using market estimation process, the Smart Learning market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Learning market size has been validated using both top-down and bottom-up approaches.