NEW YORK, Oct. 1, 2023 /PRNewswire/ — The smart education market size is estimated to grow by USD 353.17 billion from 2022 to 2027, growing at a CAGR of 17.98%. The smart education market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer smart education market are Adobe Inc., Blackboard Inc., Cengage Learning Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., D2L Corp., EI Design Pvt. Ltd., Ellucian Co. LP, Hon Hai Precision Industry Co. Ltd., Instructure Holdings Inc., John Wiley and Sons Inc., McGraw Hill LLC, Paradiso Solutions, Pearson Plc, Promethean World Ltd., Samsung Electronics Co. Ltd., Skillsoft Corp., SkyPrep Inc., Think and Learn Pvt. Ltd., and Educomp Solutions Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying
Company Offering:
- Adobe Inc. – The company offers smart education such as Adobe Captivate Prime, an enterprise learning platform that helps organizations create, manage, and deliver engaging learning experiences.
- Blackboard Inc. – The company offers smart education such as Blackboard Learn, a learning management system (LMS) that helps instructors create and deliver courses, and students access and manage their coursework.
- Promethean World Ltd.: The company offers smart education such as MyLab & Mastering, providing personalized learning experiences through digital tools.
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By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market. North America is estimated to contribute 40% to the growth by 2027. The existence of enhanced online infrastructure facilities has contributed to the prompt adoption of smart education and learning systems by educational institutions in the region. Market players-introduced software solutions are evolving and available through both hosted and cloud platforms. Higher education institutions mainly use cloud platforms to install various EdTech products and solutions. Cost savings, scalability, and availability of expertise are driving organizations to adopt cloud-based technologies. The United States is the largest adopter of digitalization in North America, thereby contributing greatly to market revenue. With an increasing focus on improving the quality of education and increasing enrollment, educational institutions are researching innovative and cost-effective educational methods. Cloud-based technology has proven useful for educational institutions facing a rapid and sudden influx of students. Therefore, these factors are expected to drive market growth in the North American region during the forecast period.
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- Impactful driver- Increased employment prospects
- Key Trend – Continuous focus on new product development
- Major Challenges – Budget constraints in emerging countries
Market Segmentation
- By End-user, the market is classified into academics and corporate. The market share growth by the academics segment will be significant during the forecast period. The academic segment includes higher education and K-12 schools. Colleges and universities are implementing cutting-edge EdTech products to simplify the learning process and stay up to date with the latest technologies. The US and Germany are among the advanced countries in deploying smart education tools at the grassroots level. Furthermore, the smart education and learning system is expected to empower students in the K-12 segment by enhancing students’ knowledge acquisition and providing a delivery platform for effective education. Therefore, market participants intending to explore this segment are expected to modify their offerings based on their skills and geographical reach, thereby fueling the growth of the academics segment of the market during the forecast period.
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Related Reports:
The US – Smart Education Market is estimated to grow at a CAGR of 18.69% between 2022 and 2027. The market size is forecast to increase by USD 102.01 billion.
The digital education content market is estimated to grow at a CAGR of 10.52% between 2022 and 2027, and the size of the market is forecasted to increase by USD 42.13 billion.
| Smart Education Market Scope | |
| Report Coverage | Details |
| Historic period | 2017-2021 |
| Growth momentum & CAGR | Accelerate at a CAGR of 17.98% |
| YoY growth 2022-2023 (%) | 15.39 |
| Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
| Key countries | US, Canada, China, Germany, and UK |
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
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