Smart Learning Market Scope
Smart learning is a comprehensive term for education in today’s digital age. It is the new vision in education using computers, internet, and multimedia in classroom teaching. It reflects how advanced technologies are enabling learners to digest knowledge and skills more effectively, conveniently, and efficiently. It is a smart and innovative learning concept for smart teachers of a smart school. Moreover, smart learning gives unique learning opportunities to students.
According to AMA, the Global Smart Learning market is expected to see growth rate of 19.79%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Learning market throughout the predicted period.
Samsung (South Korea), SMART Technologies (Canada), Blackboard (United States), Adobe (United States), Saba Software (United States), Oracle (United States), IBM (United States), SAP (Germany), Microsoft (United States), Cornerstone OnDemand (United States), BenQ (Taiwan), Huawei (China), Alphabet, Inc. (United States), D2L (Canada) and Newrow (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Pearson Education (United Kingdom), McGraw-Hil (United States), CrossKnowledge (France), Ellucian (United States), Cisco Systems (United States) and Upside LMS (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Learning market and Region with country level break-up.
On the basis of geography, the market of Smart Learning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 8 Jan 2020, SMART Technologies, a global leader in interactive education technology, announced that its latest lineup of solutions and services will be showcased to the public at the FETC (Future of Education Technology Conference) on January 14-17, 2020 and Bett (the British Educational Training & Technology Show) in London from January 22 – 25, 2020.
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.
Market Trend
- The growing use of AI and ML in Smart Learning
- The High Adoption of VR in Education
Market Drivers
- Increasing Budget Allocations for eLearning Programs
- The proliferation of Connected Devices in the Education Sector
- Adoption of ELearning Solutions across All Geographic Regions
Opportunities
- Potential Growth Opportunities for System Integrators
- Increasing Spending on the Education Sector
Restraints
- Increasing Cyberattacks on Educational Institutes and Enterprises to Raise Data Security and Privacy Concerns
Challenges
- High Cost of Producing ELearning Content
- Inability to Manage Real-Time and Unstructured Data
Key Target Audience
Smart Learning Software Providers, Smart Learning Hardware Providers, Smart Learning Service Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others