HOME › Research Insight › Smart Education & Learning Market Overview - Trends and Forecasts
Smart Education & Learning Market Overview - Trends and Forecasts
There has been a significant visible growth in the education market and this is expected to continue in the coming years. Educational institutions control a variety of sources to sustain their technology goals and objectives. K-12 and higher education institutions have become more receptive towards the implementation of technology in classrooms. But the biggest barrier is the lack of funds from state and local government.
Online learning and collaboration based learning helps in enabling mobility between the students and professors. The implementation of student information systems helps institutions in integrating student information and enabling administrators to access school resources effectively.
The present day smart education vendors supply interactive hardware devices, software, services, educational content and learning modes to institutions for better task administration and information delivery.
Today, digital education is at the forefront for educators. Use of digital learning is predominantly visible in K-12 schools, where teachers encourage use of online forums, websites, online games and articles for educational purposes.
The driving factors for the smart education & learning market are the growth of digital education, progression of interactive systems, and emergence of educational applications. North America is expected to have the largest market share in the overall smart education & learning market followed by Europe and APAC in 2014. The same trend is expected to continue in 2019 as well.
However, there are a few restraints in the smart education market such as low digital fluency among education institutions and improper roadmaps and scarcity of resources. The global smart education & learning market is expected to grow from $121.53 billion in 2014 to $344.94 billion in 2019 at a CAGR of 23.2%.
Smart Education & Learning Market by Hardware (IWB & SBL), Software (LMS/LCMS, Open Source & Mobile Education Apps), Educational Content (Digital Content, Test And Assessment & Digital Text Book) - Global Advancements, Market Forecast and Analysis (2014 - 2019)
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252