Smart Learning Market

GMI Research analysis indicates that the Smart Learning Market was estimated at USD 37.4 billion in 2021 and is slated to register a double digit CAGR of 20.6% over the period 2022-2029 and is projected to reach USD 167.3 billion in 2029 attributed to increasing investments by companies on human development and growing penetration of smart technologies.

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Key Smart Learning Market Drivers        

Major factors driving smart learning market are growing focus of academic institutions and enterprises on developing interactive working environments, rise in higher education enrolment rates around the world and increasing demand for online learning solutions. Smart learning uses interactive elements like quizzes, charts and gamification techniques such as badges and leader boards to increase user engagement, which has increased its popularity in the education industry. Moreover, education enrolment rates in the recent years have increased significantly. In India, during 2020-2021, enrolment in higher education has risen by 5% to reach more than 40 million in 2021 as compared to 2019-2020. Around 44.3 million students were enrolled in higher educational institutes of China in 2021. Increasing enrolments in the higher education sector, will accelerate the demand for flexible learning options and need for providing personalized learning experience, which in turn will create lucrative growth opportunities for smart learning market.

Covid-19 outbreak led to the implementation of strict social distancing regulations by governments worldwide to contain the spread the virus, which in turn propelled the demand for online learning solutions. As the awareness about the benefits of e-learning amongst educators and students is increasing, the demand for smart learning solutions will continue to grow post-covid. Furthermore, rise in government’s expenditure on the construction of smart cities, growing adoption of advanced technologies in the education sector and increasing penetration of connected devices, are some of the factors accelerating the growth of smart learning market. However, cost of setting for smart classrooms is expensive, thus many small and medium sized enterprises hesitate for building smart classrooms as they have limited budget. Many instructors don’t have adequate knowledge to work on latest devices and software, as they are more well versed with traditional teaching methodologies. Such factors are hampering the growth of global smart learning market.

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Based on Component, Software segment is estimated to expand at faster rate.

Smart learning software are extensively used in enterprise resource planning (ERP) software to improve overall quality of learning, automate various administrative activities, and streamline institute’s operation across departments. Additionally, smart learning software enable companies to increase knowledge sharing amongst employees, which helps in boosting their productivity.

Based on learning Type, Asynchronous learning segment is projected to hold the largest market share.

Asynchronous learning solutions comprises of both online and offline learning solutions. These solutions are gaining popularity in the smart learning market owing to its convenience, flexibility and increased scalability features.

End-User: Segment Analysis

 In the recent times, Work From Home (WFH) and Bring Your Own Device (BYOD), have become increasingly popular in the corporate sector, as it enables enterprises to conduct corporate employee training using smart learning technologies. Furthermore, smart learning technologies are scalable to meet the requirements of large enterprises with diverse departments, can reduce training cost and provides real-time feedback to employees, are some of its features boosting its adoption rate globally. As the number of smartphones and mobile devices increases, demand for smart learning solutions will rise in the future amongst enterprise and academic institutions.

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Based on Region, Asia-Pacific region is forecast to expand at the fastest rate.

Asia-Pacific smart learning market is propelled by presence of high student population, surge in the demand for distance learning and e-learning solutions, changes in the educational and business models, growing adoption of latest technologies in the education institutes and increasing investments on developing digital infrastructure. As per the data released by UNESCO, Asia-Pacific region accounted for more than 60% of global student population in 2020. North American smart learning market is driven by high spending on educational technology, presence of massive mobile device userbase across United States and Canada and growing demand for online education and early-education.

Top Market Players

Various notable players operating in the smart learning market are Saba Software, Blackboard, Inc., Samsung, Oracle Corporation, IBM Corporation, SAP SE, SMART Technologies, Microsoft Corporation, Adobe, Inc., BenQ Corporation, D2L Corporation, Cornerstone OnDemand, Inc., Huawei Technologies Co., Ltd., Pearson, and McGraw-Hill among others.

Key Market Developments: 

• • In February 2023, Huawei a multinational technology corporation based out of China launched its next generation smart classroom during Education Forum, MWC 2023. These classrooms use Wi-Fi 7 and intelligent edge devices to allow smart technology practices through cloud edge synergy.
  • In June 2021, Blackboard, a major American EdTech software company partnered with K 16 Solutions. With these partnerships, Blackboard customers can easily migrate from other learning management systems (LMS) to Blackboard Learn Ultra.
  • In April 2020, Pearson collaborated with BBC for launching its “Speak out for Sustainability” initiative. This initiative aims at brining out learners and educators to spread awareness about major sustainability issues worldwide.
  • In December 2020, Adobe announced that it has completed the acquisition of Workfront, which is a major vendor of collaborative work management tools. With this acquisition, Adobe plans to develop a single system which can support management, planning and collaboration for enterprises to help them increase their productivity.
  • In March 2020, SMART Technologies, a software company based in Canada combined SMART Learning Suite app with G Suite for Education, for connecting learning platforms.
  • In September 2019, Microsoft collaborated with the Central Board of Secondary Education (CBSE) of India for providing cloud-powered technology in K12 teaching in India.      As a part of the collaboration, Microsoft will provide access to some of the latest Information Communication Technology (ICT) to educators in India and help them in incorporating these technologies in their teaching methodology.

Segments Covered in the Report:

Smart learning market has been segmented on the basis of component, learning type, end-user, and region. Based on the component, the market is segmented into Hardware, Software, and Services. Based on the hardware, the market is further segmented into Interactive Projectors, Interactive Displays, and Others. Based on the software, the market is further segmented into Standalone Solution and Integrated Solution. Based on the standalone solution, the market is further segmented into the Student Information System, Learning Management System/Learning Content Management System, Collaboration, Test & Assessment, Econtent, and Others. Based on the services, the market is further segmented into Support & Maintenance, Consulting, and Implementation. Based on the learning type, the market is segmented into Asynchronous Learning and Synchronous Learning. Based on the end-user, the market is segmented into Enterprises and Academic. Based on the enterprises, the market is further segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on the academic, the market is further segmented into K-12 and Higher Education.

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Market Segmentation

Global Smart Learning Market by Component

• • Hardware
    • Interactive Projectors
    • Interactive Displays
    • Others
  • Software
    • Standalone Solution
      • Student Information System
      • Learning Management System/Learning Content Management System
      • Collaboration
      • Test & Assessment
      • Econtent
      • Others
    • Integrated Solution
  • Services
    • Support & Maintenance
    • Consulting
    • Implementation

Global Smart Learning Market by Learning Type

• • Asynchronous Learning
  • Synchronous Learning

Global Smart Learning Market by End-User

• • Enterprises
    • Small & Medium-sized Enterprises
    • Large Enterprises
  • Academic
    • K-12
    • Higher Education

Global Smart Learning Market by Region

• • North America Smart Learning Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Learning Type
    • By End User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Smart Learning Market (Option 2: As a part of the free 25% Customization)
    • By Component
    • By Learning Type
    • By End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Smart Learning Market (Option 3: As a part of the free 25% Customization)
    • By Component
    • By Learning Type
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Smart Learning Market (Option 4: As a part of the free 25% Customization)
    • By Component
    • By Learning Type
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Smart Learning (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Saba Software
  • Blackboard, Inc.
  • Samsung
  • Oracle Corporation
  • IBM Corporation
  • SAP SE
  • SMART Technologies
  • Microsoft Corporation
  • Adobe, Inc.
  • BenQ Corporation
  • D2L Corporation
  • Cornerstone OnDemand, Inc.
  • Huawei Technologies Co., Ltd.
  • Pearson
  • McGraw-Hill