The global smart education and learning market will demonstrate substantial growth in the coming years due to its increasing adoption in institutions the world over. Learning via paper books and other such learning materials is being rapidly replaced with smart education and learning equipment. Furthermore, the advent of technology in the education industry has enabled students to undertake and use interactive learning methods for a better learning experience. The effective implementation and execution of smart education and learning technology is crucial to ensuring that these interactive tools make a difference in the educational pattern.
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Increasing Adoption of Smart Education and Learning to Drive Global Market
Features of smart education and learning such as its ability to offer a service that surpasses language, culture, time, and geographical barriers will offer good growth opportunities for this market. On the other hand, elements such as competition from upcoming substitute methods and absence of digital competency among educational institutions will suppress the growth of the global smart education and learning market.
Asia Pacific to Emerge as Fastest Growing Smart Education and Learning Market
The global smart education and learning market is divided by geography into North America, Asia Pacific, Europe, and Rest of the World. Players in the global smart education and learning market will benefit from the opportunity presented by the market in untapped emerging countries. However, lack of internet connectivity in rural parts of developing nations will constrain the companies from penetrating the market in these areas. Nevertheless, Asia Pacific is expected to emerge as the fastest growing regional market in the global smart education and learning market due to its high adoption rate of smart education and learning.
Professional Education Sector to Witness Strong Growth in the Market
Professional education, governments, enterprise/business education, healthcare, and NGOs are the various application sectors in the global smart education and learning market. The professional education segment will witness significant growth in the foreseeable future. A majority of organizations are investing in educating and training students in specialized sectors to develop a workforce required for working in a particular field of expertise. Additionally, the ever-expanding need for trained workers will directly fuel the smart education and learning market. The government application sector will also experience good growth in the coming years, as the smart education market is catering to the need of governments for training and development.
By mode of learning, the global smart education and learning market is segmented into mobile learning, virtual classroom and webinars, self-paced e-learning, game-based learning, simulation-based learning, social learning, and collaboration-based learning. Virtual classrooms and webinars will be the most important channels of imparting education in the global smart education and learning market.
The global smart education and learning market is highly competitive in nature and is marked by the presence of dominant service providers. The top firms operating in the global smart education and learning market are Blackboard Inc., Jenzabar, Smart Technologies, McGraw-Hill, Pearson, Sumtotal, Saba, Skillsoft, Cengage Learning, and Sungard. These companies are partnering with universities to share the best education practices and enhance the learning process.