According to global smart learning Industry analysis by Research Dive, the global industry forecast will be $74,179.1 million in 2026, at a 19.2% CAGR and is growing from $18,200.0 million in2018.
Smart Learning industry Drivers:
Growing acceptance of e-learning in academic & corporate sectors along with technological improvements in smart education is the major driver for the global smart learning growth. In addition, smart learning has observed a growth in its adoption due to several benefits including convenience and improved focus of learners. Moreover, it has empowered both students and teachers to enhance their efficiency and productivity. These abovementioned factors will boost the global growth in the projected time. In addition, growing trend of emergence of bring your own devices (BYOD) is estimated to rise the implementation of smart education and learning platforms, creating growth opportunities in the global. Furthermore, growing number of virtual schools across the globe is also further estimated to fuel the industry growth in the coming years. However, heavy investments are needed for implementation of advanced teaching technologies, which is a major restraining factor for the growth of the smart learning.
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Software component segment registered the highest global smart learning industry share in 2018; it was valued at $7,898.8 million and is projected to generate a revenue of $33,009.7 million till 2026. Software based online platforms provide digital classrooms with enabled virtual reality, and this software is widely being used in smart schools and emerging educational institutions. This factor is projected to drive the smart learning global growth in the coming years. Services component segment will garner up to $19,286.6 million in 2026 and is anticipated to grow at a health rate of 19.4% CAGR during the forecast timeframe.
TOP key Manufacturers:
The major smart learning players include SMART Technologies ULC, IBM, Saba Software, Huawei Technologies Co., Ltd, Cornerstone, McGraw-Hill, Alphabet, SAP, Blackboard Inc., Adobe, SAMSUNG, Oracle, BenQ, Microsoft, CrossKnowledge and Pearson.