Smart Teaching and Learning Market Size, Share, Competitive Analysis, Growth Rate and Opportunities by 2023
The global smart teaching and learning market is growing at a CAGR of 23.5% during 2018 - 2022 and will reach $819.0 billion by 2022. Organizations are rapidly adopting smart teaching and learning products, regardless of the company size in order to provide effective and interactive learning to their employees, however, the global market for smart teaching and learning is dominated by academic segment. Usage of smart teaching and learning products in corporate sector is generating competitive advantages.
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The blended learning mode has been globally the largest adopted learning mode of smart teaching and learning, and academic users have been the largest revenue generator for the market. Blended learning mode combines the techniques of traditional teaching and learning with smart teaching and learning to improve the overall efficiency. Based on the user type, academic market for smart teaching and learning was dominated by K-12 schools, which made the highest contribution to the overall market.
Geographically, North America has been the largest market for smart teaching and learning. It has been observed that the academics and corporate markets for smart teaching and learning in North America are increasingly adopting analytical solutions for data management. Increasing adoption of analytical solutions is expected to drive the growth of smart teaching and learning market in the U.S.
The factors driving the growth of the smart teaching and learning market include the growing need for learning analytics applications to be used as data collection and analysis tools by academics and corporate market segments. Analytical applications help in acquiring prognostication about learning outcomes, restructuring, and escalation of resources to strengthen the participation of all stakeholders in the learning process, consolidating processes and accomplishing the embossed educational objectives.
The global smart teaching and learning comprises software, hardware, services and educational content vendors. Major players offering software products for smart teaching and learning market include Adobe Systems, Desire 2 Learn and Educomp Solutions. While hardware providers include Samsung Electronics and Smart Technologies. Services of smart teaching and learning solutions are being offered by Cisco Systems, Smart Technologies and Samsung Electronics and education content providers include Mc-Graw Hill Corporation and Pearson PLC.
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The blended learning mode has been globally the largest adopted learning mode of smart teaching and learning, and academic users have been the largest revenue generator for the market. Blended learning mode combines the techniques of traditional teaching and learning with smart teaching and learning to improve the overall efficiency. Based on the user type, academic market for smart teaching and learning was dominated by K-12 schools, which made the highest contribution to the overall market.Geographically, North America has been the largest market for smart teaching and learning. It has been observed that the academics and corporate markets for smart teaching and learning in North America are increasingly adopting analytical solutions for data management. Increasing adoption of analytical solutions is expected to drive the growth of smart teaching and learning market in the U.S.
The factors driving the growth of the smart teaching and learning market include the growing need for learning analytics applications to be used as data collection and analysis tools by academics and corporate market segments. Analytical applications help in acquiring prognostication about learning outcomes, restructuring, and escalation of resources to strengthen the participation of all stakeholders in the learning process, consolidating processes and accomplishing the embossed educational objectives.
The global smart teaching and learning comprises software, hardware, services and educational content vendors. Major players offering software products for smart teaching and learning market include Adobe Systems, Desire 2 Learn and Educomp Solutions. While hardware providers include Samsung Electronics and Smart Technologies. Services of smart teaching and learning solutions are being offered by Cisco Systems, Smart Technologies and Samsung Electronics and education content providers include Mc-Graw Hill Corporation and Pearson PLC.
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