About Smart Education
Smart education is the acronym for self-directed, motivated, adaptive, resource-enriched, and technologies-embedded. Smart education is advanced learning method in which several innovative technology and equipment are used in order to gain better learning experience. Education has moved to a really advanced level where the one-sided lecture methods no more exist and students are having a more interactive learning experience. Furthermore, the latest technological advancements are one of the major factors due to which several numbers of learning modes have been developed. Parents, students, and the community rely on institutions to deliver high-quality education to prepare the next generation for fulfilling lives and careers. There are several components are available to deliver a better learning experience such as hardware devices, software’s, and services. The rising disposable income is also one of the major factor escalating the market growth of smart education market during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Education market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Adobe Systems Incorporated (United States), Blackboard, Inc. (United States), Cisco Systems, Inc. (United States), K12 Inc. (United States), D2L Corporation (Canada), Educomp Solutions Ltd. (India), Ellucian Company L.P. (United States), Mcgraw-Hill Education (United States), Pearson Education, Inc. (United States), Samsung Electronics Co., Ltd. (South Korea) and Smart Technologies (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SumTotal Systems, LLC (A subsidiary of SkillSoft Ireland Limited) (United States) and Tata Interactive Systems (A subsidiary of Tata Sons Ltd) (India).
Segmentation Overview
AMA Research has segmented the market of Global Smart Education market by and Region.
On the basis of geography, the market of Smart Education 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). If we see Market by Learning Mode, the sub-segment i.e. Social Learning will boost the Smart Education market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Learning Age, the sub-segment i.e. 5 to 10 years will boost the Smart Education market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Smart Education market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Corporate {Small & Medium Businesses, Large Enterprises} will boost the Smart Education market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus on Personalization As Well As Adaptive Learning, The emergence of Virtual Schools and Growing Inclination toward Integrating AR, VR, and AI in Smart Classrooms
Market Growth Drivers:
The Rising Disposable Income across the Globe, Favorable Government Initiatives, Growing Investments for Increasing the Global Literacy Rate and Rising Penetration of Innovative Edtech Products and Services
Challenges:
Digital divide and lack of adequate infrastructure can create inequities, leaving some students behind if access to technology and internet connectivity is not ensured.
Restraints:
High Initial Investment and Lack of Resources in Developing Countries
Opportunities:
Growing Demand for Bring Your Own Device (BYOD)
Market Leaders and their expansionary development strategies
In January 2020, Pearson, the world's learning company,acquired of industry-leading digital learning technology from Smart Sparrow, an ed tech innovator. This acquisition aligns with our strategy and affirms Pearson's commitment to accelerating our digital transformation for the benefit of students, educators and authors.
On 22 Jan. 2019, Pearson has announced Pearson Realize, its single sign-on platform for accessing thousands of learning resources, assessments, student data, and management tools. The company is now google for Education Premier Partner. It is one of the first products from a major education company to achieve premier status in the Google for Education Partner Program. and On May 22, 2018, D2L, a leading smart education company has launched its Emerald Release the newest version of its Brightspace LMS which provides an intuitive social and mobile-friendly teaching and learning experience for higher education, K-12, and corporate training.
Key Target Audience
Smart Education Vendors, Internet/Network Service Providers, Industry association, Technology Investors, Downstream vendors, Government Bodies and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.