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Market Research Future published a research report on Smart Education and Learning Market Research Report- Global Forecast 2023 Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Smart Education and Learning Global Market Overview

The global smart education and learning market is poised to surpass USD 952 billion at a staggering 26% CAGR over the assessment period (2017-2023). Smart education and learning aim to provide students with holistic learning through modern technology to prepare them fully for a world that is fast-changing and where adaptability is essential. It uses state-of-the-art technology to help both teachers and learners to prepare themselves well for tomorrow. Through advanced learning methods namely smart phones, cloud servers and virtual learning environment, teachers can aid students to gain more from their learning. Educational institutions are using advanced teaching tools and methods such as smart notebooks, projectors and boards that improves the students understanding and thereby offer them with a clear view regarding what to learn. Most importantly coordination between education material, software innovator and hardware provider are making the learning process simpler for students.

There are plentiful factors that is boosting the growth of theSmart Education and Learning Market. These factors as per the Market Research Future (MRFR) report include improved education quality, easy access to educational content, growing use of consumer electronics namely e-learning apps, laptops, e-readers and smartphones, increased demand amid learners and instructors to improve quality of education, and reduce time constraints that are faced by aspirants. The additional factors that are propelling market growth include rapid use of mobile technology, enhanced internet accessibility and increasing penetration of IoT that are encouraging users to use smart education solutions. Moreover, innovative techniques namely adaptive learning, microlearning and Massive Open Online Courses are also improving the overall learning method that is predicted to boost the market growth over the assessment period. On the contrary, lack of awareness amid end users regarding latest technologies, budget constraints and inadequate resources to deliver quality education are factors that may hinder the growth of the smart education and learning market over the assessment period.

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Key Players

The prominent players in the Smart Education And Learning Market are Adobe Systems Inc. (U.S.), Blackboard (U.S.), Educomp (India), Cisco Systems Inc. ( U.S.), McGraw-Hill Education (U.S.), NIIT Limited (India), Pearson Plc. (U.K.) Desire2Learn (Canada), SumTotal System, Inc. (U.S.), Smart Technologies (Canada), Ellucian Company L.P (U.S.), Tata Interactive Systems (India), Promethean Inc. (U.K.), Saba Software Inc. (U.S.), among others.

Market Segmentation

MRFR report provides an extensive segmental analysis of the smart education and learning market on the basis of hardware, software, application, service, organization size and deployment.

Regional Analysis

By region, the smart education and learning market covers growth opportunities and latest trends across Asia Pacific, Rest of the World, the Americas, and Europe. Of these, the Americas will domineer the market due to growing need for high-tech learning methods coupled with introduction of AI technology in the regions education system. The smart education and learning market in the APAC region are anticipated to grow at a faster pace due to growing use of advanced technology via the education system that is rapidly evolving especially in the regions developing economies. The smart education and learning market in Europe will expand significantly due to growing government investments for the growth of the education sector here and easy adoption of teaching techniques that are technologically advanced. In the Middle East and Africa, various initiatives are undertaken for the development of the education sector here. In fact, the developing regions are laying emphasis on using advanced technology to upgrade the learning methods in the education sector.

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Smart Education and Learning Market 2020 Global Industry Size, Key Players Analysis, Business Growth, Regional Trends and Forecast 2023 - Daily...