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Key Players Adopted the First Strategy as Partnerships, Agreements, and Collaborations in the Smart Education and Learning Market
Smart education and learning encompasses the various hardware, software, and educational content solutions that enable interactive and collaborative learning over the internet. A Learning Management System (LMS) is a software application used for managing training and educational records which facilitate the schools, businesses, and organisations of all sizes to develop, assign, and track online classes. It gives the flexibility to create and deliver courses in a way that suit the business needs and also automates the time consuming administration. Whereas, a Learning Content Management System (LCMS) is an education content management system that enables the educators, trainers, authors, and the subject matter experts to create, store, manage, and deliver digital content in the form of text, video, or audio to be used by the learners.
MarketsandMarkets forecasts the smart education and learning market to grow from USD 193.24 Billion in 2016 to USD 586.04 Billion by 2021, at a CAGR of 24.84%. The smart education and learning market caters to diverse industry verticals, such as Banking, Financial Services, and Insurance (BFSI), healthcare, automobile, IT & telecom, retail, and others including government, education, and non-profit organisations. Increasing significance of eLearning in the academic as well as corporate setups to enhance the competency based on the productivity of the students and employees and widespread increase in the government initiatives in the growing markets such as APAC and MEA are some of the driving factors of the smart education and learning market.
The key players in the smart education and learning market include Adobe Systems Inc. (California, U.S.), Blackboard (Washington D.C., U.S.), Educomp (Gurgaon, India), Cisco Systems Inc. (California, U.S.), McGraw-Hill Education (New York, U.S.), NIIT Limited (Gurgaon, India), Pearson Plc. (London, U.K.) Desire2Learn (Ontario, Canada), SumTotal System, Inc. (Florida, U.S.), Smart Technologies (Calgary, Canada), Ellucian Company L.P (Virginia, U.S.), Tata Interactive Systems (Mumbai, India), Promethean Inc. (Lancashire, U.K.), and Saba Software Inc. (California, U.S.). These players have adopted various strategies such as partnerships, agreements, mergers & acquisitions, and new product developments to achieve growth in the global smart education and learning market.
The key players adopted the first strategy as partnerships, agreements, and collaborations in the smart education and learning market. D2L, a smart learning solution provider, partnered with Internet2 is a members-owned advanced technology community which provides access to D2Lís Brightspace LMS for over 300 universities and colleges.
The smart education and learning witnessed many mergers and acquisitions by key players from 2014 to 2016. Adobe Systems acquired Livefyre, a content curator company, which provides and develops content for various solutions and services. There would be integration of Livefyreís content in Adobe experience manager so that user generated content would be available in solutions. This would enhance Adobeís position in the educational content management market.
Globally, smart education and learning vendors are continuously adding innovation to their products and services to enhance the eLearning experience and provide better connectivity.
Smart Education and Learning Market by Product (Hardware, Software, Service, Educational Content), User (Academic, Corporate), Learning Mode (Collaborative, Virtual Instructor, Simulation, Adaptive, Social, Blended), and Region - Global Forecast to 2021
Markets and Markets
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