Market Size of Smart Learning Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 22.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Learning Systems Market Analysis
The smart learning systems market was valued at USD 29.98 billion in 2020, and it is expected to reach a value of USD 103.08 billion by 2026, at a CAGR of 22.5% during the forecast period (2021 - 2026). Schools and training centers are moving from the traditional blackboard approach to integrating smart technology into learning environments. The learning trend encompasses a broad range of activities, tools, and services, to improve the educational outcomes of students and employees directly.
- At the university level, institutions are adopting innovative methods, such as smart learning, to provide alternative pathways and opportunities for students to develop relevant and valuable skills in line with industry requirements.
- Software solutions provide institutions with well-organized enterprise resource planning (ERP) systems that help faculty members build improved courses and manage classrooms and schools proficiently. Online education platforms create virtual classrooms, enabling teachers to manage a large audience without any budget constraint.
- Moreover, in March 2020, Ellucian, a provider of software and services, announced that the Arkansas State University (ASU) System, a network of universities in Arkansas serving nearly 23,000 students, selected Ellucian Banner as its unified, cloud-based ERP solution. As part of the statewide effort to align higher education institutions, the ASU System would implement Banner to achieve a shared, scalable cloud platform, designed to increase collaboration, combine resources, and support future growth of the system's schools.
- The recent COVID-19 outbreak has impacted the global education industry. The pandemic is anticipated to have enormous economic consequences, and it is also having a devastating impact on global education. According to the latest figures released by the UNESCO, 1.3 billion learners around the world were not able to attend schools, as of March 23, 2020. Many schools, colleges, and universities are closed across the world.
Smart Learning Systems Industry Segmentation
Businesses are changing and becoming more competitive, so end users are demanding more effective database solutions that can increase productivity. At the university level, institutions are adopting innovative methods, such as smart learning to provide alternative pathways and opportunities for students to develop relevant and valuable skills in line with industry needs.
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Smart Learning Systems Market Size Summary
The smart learning market is experiencing significant growth as educational institutions transition from traditional teaching methods to technology-driven approaches. This shift is driven by the need to enhance educational outcomes for students and employees through innovative tools and services. Universities are increasingly adopting smart learning systems to align educational pathways with industry demands, utilizing software solutions for efficient course management and virtual classrooms. The COVID-19 pandemic has accelerated this trend, highlighting the importance of digital platforms in maintaining educational continuity. Mobile devices, particularly smartphones and tablets, are becoming integral to smart learning due to their portability and ability to facilitate interactive and engaging learning experiences.
The Asia-Pacific region is a key contributor to the expansion of the smart learning market, with countries like India and China leading initiatives to integrate technology in education. Partnerships between governments and private companies, such as Samsung's collaboration with the Andhra Pradesh Government, are fostering the development of smart classrooms. Similarly, China's efforts to bridge educational disparities between urban and rural areas through technology funding exemplify the region's commitment to innovative learning methodologies. The market is characterized by intense competition, with numerous players offering diverse learning strategies. Companies are focusing on partnerships and geographical expansion to enhance their product offerings and maintain a competitive edge.
Smart Learning Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Adoption of Digital Learning Solutions
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1.2.2 Growing Concept of BYOD
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1.3 Market Restraints
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1.3.1 Lack of Infrastructure and Limited Awareness about E-learning
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Hardware
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2.1.1.1 Interactive Display
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2.1.1.2 Student Response System
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2.1.1.3 Mobile Devices
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2.1.1.3.1 Smartphones
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2.1.1.3.2 Tablets
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2.1.2 Software
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2.1.3 Service
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2.2 End User
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2.2.1 Academic
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2.2.2 Corporate
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle-East and Africa
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Smart Learning Systems Market Size FAQs
What is the current Smart Learning Systems Market size?
The Smart Learning Systems Market is projected to register a CAGR of 22.5% during the forecast period (2024-2029)
Who are the key players in Smart Learning Systems Market?
Blackboard Inc., Pearson PLC, Ellucian Company, Smart Technologies Inc. and Promethean World are the major companies operating in the Smart Learning Systems Market.
