Infinium Global Research’s recent report on the “Smart Education and Learning Market (By Component (Hardware, Software, Services), By Learning Mode (Collaborative Learning, Hybrid Learning, Asynchronous Learning, Synchronous Learning, Adaptive Learning, Others), By Application (Academics Corporate)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2030” provides a comprehensive outline of the factors responsible for the growth of the market.
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Smart Education and Learning is the unification of cooperative learning with smart software, services, and hardware. The core part of smart education and learning is the flexibility and mobility the learning. The education field is seeing widespread adoption of new digital technologies. Learning becomes more dynamic and cooperative due to smart education and learning technologies. As the human sphere is evolving so are the education and learning environment and settings. The Educational systems are becoming more multifaceted and necessitate the aid of modern technologies to function efficiently.
Furthermore, VR and AR are expanding the scope of smart classrooms. The major factor driving the market is the growing demand for on-demand learning. Nowadays the routine of learners has become busy, and the pace of their lifestyle has increased. Thus, they now focus on the convenience and mobility of learning which is offered by on-demand learning. On-demand learning can be conducted through any smart device such as a smartphone, tablet, or laptop. The educational sector is transitioning into the digital age. Academic institutions are equipping their students and staff with smart learning tablets. Conventional classrooms are being transformed into smart classrooms. New opportunities are expected to arise as Edtech startups are rising rapidly due to the favorable startup ecosystem.
The smart education and learning market experienced mixed effects of the Covid-19 pandemic. The closing of educational institutions due to successive ways compelled them to resort to online mode. The imposition of lockdown and physical restrictions is the primary cause for this unusual shift. The smart education technologies deployed on the cloud have seen widespread adoption while the deployment of smart education solutions on premises has been affected. A lot of opportunities have emerged due to the pandemic in the market. Employees are working from home and students are pursuing education through online mode due to stay-at-home orders. They are left with much-needed free time for themselves. Working professionals and students are optimistically using this leisure time to upgrade their skill sets by enrolling in online professional and academic. Furthermore, the push received by the market due to the pandemic is expected to sustain in the long run.
In the Application Segment, the Academics Sub-segment is Expected to be the Highest Revenue Generator
Smart Education enables teachers to effectively teach and for students make learning a fun and interesting experience. In modern times quality education is very important. Smart education technologies are a miracle tool for academic institutions to make their student's competition ready and equip them with suitable education and skill sets. The introduction of smart classes has blurred the boundaries between the teacher and the student, they can communicate with each other from any corner of the world.
Forex. An economic professor from the London School of Economics can conduct lectures for students in IIM via screen sharing. A smart learning environment provides learners with supportive tools and interactive learning systems. The tests can be conducted without any invigilator and assignments can be assigned to students without entering the class due to the advent of cloud classrooms. Many countries and academic institutions are undertaking smart education projects.
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North America to be the backbone of in Smart Education and Learning Market
Geographically, North America is expected to have the highest revenue in the market. Asia-Pacific is expected to be growing at the fastest pace in the market. North America has always been pioneering in introducing new technologies and breakthrough innovations in the world. The public and private universities in North America have been upgrading relatively with time, adopting the newest technologies in the educational field. To maintain a conducive environment for learning. Additionally, a suitable ecosystem offering smart education and learning technologies has developed.
Providing quality education has always been a prime focus of government and academic institutions in North America and that is achieved through smart education and learning. The technological and corporate works settings are constantly evolving in North America. To keep the employees updated with relevant skill sets the businesses and corporate houses periodically organize training and learning programs for their employees. Thus, the demand for the newest smart learning technologies is always high. Asia-Pacific has recently seen a boom in Edtech startups such as Byjus. Furthermore, the governments are increasing expenditure on education in the Asia-Pacific region. A highly skilled workforce is sourced from China; thus, the adoption of smart learning technologies is high in China.
Companies Operating in Smart Education and Learning Market are Planning on Launching New Products and Services and Partnerships
The Smart Education and Learning Market is tightly contested with well-established players such as Adobe Systems Incorporated, Cisco Systems, Inc, Blackboard Inc, Ellucian Company L.P., Samsung, and others. Launching new products and services and partnerships is expected to be the mainstay of the market players' strategy. The market can be described as fragmented and highly competitive due to the presence of multiple players. Each market player offers a unique set of technology and solutions due to the huge scope of the market.
In July 2021, Cisco Systems, Inc. National Skill Development Corporation (NSDC) signed a partnership agreement. In this partnership, NSDC’s eSkill India platform will offer the Cisco Networking Academy courses which are aimed at reducing the shortfall of technical skill-oriented workforce in India. In September 2020, Cisco Systems, Inc unveiled Cisco Webex Classrooms for education-focused partners. Infinium Global Research’s recent report on the Global Smart Education and Learning Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of smart education and learning.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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