MarketsandMarkets recently conducted a study on the “Global Smart Education and Learning Market, by advanced technologies, digital models, adoption trends and worldwide market forecast to 2017’’, which analyzed and studied the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
Browse More than 100 market tables spread across 246 pages and an in-depth TOC on “Smart Education and Learning Market”.
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The study focuses on estimating the market opportunity in the new shift of how educational providers have shifted their focus from a traditional class room environment to an automated virtual learning environment. This trend has brought forward a wide range of technologies and solutions, which is being rapidly adopted by the education industry. The educational hardware segment is expected to witness tremendous growth during the forecast period and is estimated to reach $6.6 billion by 2017 at a CAGR of 31.9%. The digital textbook and the test & assessments segment lead the educational content segment with a CAGR of 51.6% and 26.4% respectively.
The report also provides in-depth analysis of various modes of learning such as collaboration based learning, social learning, simulation based learning and mobile learning as well as emerging trends in smart education across geographies. The report quantifies software market by providing a market estimate of various software modules such as LMS, LCMS, open source software’s and mobile apps that are used in the educational industry.
The smart education market is expected to grow from $73.8 billion in 2011 to $220.0 billion by 2017, at a CAGR of 20.3%, between 2012 and 2017. North America has the largest market share of about 60% of the global smart education market and is expected to grow with a CAGR of 15.2%. At the same time, the opportunities in the market are in Asia Pacific, where we expect the market to grow at a higher CAGR due to a significant increase in spending from the user spectrum of the education sector. The report provides an in-depth analysis of strategies adopted by the major companies within the ecosystem. Companies such as Ellucian, Inc. (U.S.), Smart Technologies (U.S.), Blackboard Inc. (U.S.), and Kaplan Inc. (U.S.)., Educomp Solutions Ltd. (India), NIIT Limited (India), Promethean World Plc (United Kingdom), Pearson PLC (United Kingdom), and Informa Plc (Switzerland) are key market players. Companies such as Adobe, Trivantis and TechSmith provide course authoring and tools for converting content into digital format, as well as screen capturing software essential in preparation of video contents.
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