Smart Learning Market

Smart Learning Market by Component (Hardware, Software (Integrated Solution and Standalone Solution), and Services), Learning Type (Synchronous Learning and Asynchronous Learning), End User (Academic and Enterprise), and Region - Global Forecast to 2024

Report Code: TC 3499 Jan, 2020, by marketsandmarkets.com

The smart learning market size is projected to grow from USD 23.2 billion in 2019 to USD 56.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period. The major factors driving the growth of the smart learning market include the proliferation of connected devices in the education sector, adoption of eLearning solutions, and growing use of Artificial Intelligence (AI) and Machine Learning (ML) in smart learning.

Smart Learning Market

Software segment to grow at the highest CAGR during the forecast period

Based on components, the software segment of the smart learning market is projected to grow at the highest CAGR during the forecast period. The smart learning software market is categorized into integrated solution and standalone solution. The standalone solution includes Learning Management System (LMS)/Learning Content Management System (LCMS), Student Information System (SIS), test and assessment, collaboration, eContent, and others, such as content authoring tools, screen capturing tools, and open-source software. Software solutions offer institutions with well-organized Enterprise Resource Planning (ERP) systems that help faculty members build enhanced courses and manage classrooms and schools proficiently. Online education platforms create virtual classrooms, enabling teachers to manage a large audience without any budget constraint. K-12 and higher education institutions constantly struggle to administer complex and contrasting Information Technology (IT) solutions scattered across the campus.

Asynchronous learning segment to record a higher market share during the forecast period

Based on the learning types, the asynchronous learning segment is projected to lead the smart learning market during the forecast period. Asynchronous learning can be carried out online as well as offline. It involves the coursework that has to be delivered by web, email, or message boards posted in online forums. In this type of leaning, learners cannot put forth their doubts in real time. With asynchronous learning, learners cannot receive immediate feedback from their fellow learners or tutors. Learners can be self-paced, which is not possible in the synchronous learning type. Asynchronous learning provides benefits, such as message boards, discussion groups, and self-paced groups. Message boards help students put up their questions and doubts on a central board/forum or comment on the answers.

Enterprise segment to grow at a higher CAGR during the forecast period

Organizations and institutions in business domain, apart from the education sector, have been classified as enterprises in the report. Enterprise users include organizations catering to various verticals, such as retail; government; healthcare; and Banking, Financial Services, and Insurance (BFSI). Corporate users implement learning solutions as a tool to train and assess employees for providing various instructions and suggestions. Real-time mass notification solutions help enterprise management deploy faster communication with its employees about new policies and other instructions. This segment is further classified into Small and Medium-sized Enterprises (SMEs) and large enterprises based on the number of employees in the organization.

Smart Learning Market

North America to record the highest market share in 2019

North America plays a huge role in the development of technology, which helps in the adoption of new smart learning solutions across the major end-user segments. A significant increase in the number of mobile learning applications has been witnessed in the region. According to an article published by Edweek Market Brief in February 2019, spending on educational technology till date exhibits to be more than USD 13 billion in the US alone. The North American Education Technology (EdTech) industry is growing significantly with abundant investments. In 2017, investments in EdTech products were more than USD 9.5 billion. This market has brought in many programs designed to help with elementary math and English skills. Various students and educators in the region are adopting mobile apps that enable them to access information at any time and any place.

Key Market Players

Key market players profiled in this report include Blackboard (US), IBM (US), Samsung (South Korea), SMART Technologies (Canda), Adobe (US), Saba Software (US), Oracle (US), SAP (Germany), Microsoft (US), Cornerstone OnDemand (US), BenQ (Taiwan), Huawei (China), D2L (Canada), Newrow (US), Pearson (UK), McGraw-Hill (US), CrossKnowledge (US), Alphabet (US), Ellucian (US), Cisco (US), and UpsideLMS (India). These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the smart learning market and broaden their customer base.

Blackboard is a leading solution provider that offers a wide range of products and services in the education and learning sector. These products and services simplify and make the process of learning more entertaining. Blackboard’s strategies to broaden its business portfolio in the past decade have led to the development of several complementary platforms, such as Blackboard Connect, Blackboard Collaborate, Blackboard Mobile, Blackboard Analytics, and Blackboard Student Services. The company has a strong global presence, with offices in the US, the UK, Australia, China, India, South Korea, Netherlands, Czech Republic, Germany, and Colombia. In regions where it does not have a direct presence, the company has partnered with various distributors and third-party partners to expand its customer base. Blackboard is an undisputed leader in providing solutions to the education sector, but recently, the company acquired several customers from other industry verticals, such as government, defense, healthcare, and the commercial sector.

Scope of Report

Report Metrics

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value (USD Billion)

Segments covered

Component (Hardware, Software [Integrated Solution and Standalone Solution], and Services), Learning Type (Synchronous Learning and Asynchronous Learning), End User (Academic and Enterprise), and Region

Regions covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Blackboard (US), IBM (US), Samsung (South Korea), SMART Technologies (Canda), Adobe (US), Saba Software (US), Oracle (US), SAP (Germany), Microsoft (US), Cornerstone OnDemand (US), BenQ (Taiwan), Huawei (China), D2L (Canada), Newrow (US), Pearson (UK), McGraw-Hill (US), CrossKnowledge (US), Alphabet (US), Ellucian (US), Cisco (US), and UpsideLMS (India).

This research report categorizes the smart learning market to forecast revenue and analyze trends in each of the following submarkets:

Based on components, the smart learning market has the following segments:

  • Hardware
    • Interactive Displays
    • Interactive Projectors
  • Software
    • Integrated Solution
    • Standalone Solution
      • Learning Management System (LMS)/ Learning Content Management System (LCMS)
      • Student Information System (SIS)
      • Test and Assessment
      • Collaboration
      • eContent
  • Services
    • Consulting
    • Implementation
    • Support and Maintenance

Based on learning types, the smart learning market has the following segments:

  • Synchronous Learning
  • Asynchronous Learning

Based on end users, the smart learning market has the following segments:

  • Academic
  • Enterprise

Based on regions, the smart learning market has the following segments:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • ANZ
    • Rest of APAC
  • MEA
    • UAE
    • Saudi Arabia
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  1. In October 2019, Blackboard launched a new service called Blackboard Chatbot powered by Ivy.ai.This service is a live conversation simulation tool that will offer students, instructors, and staff, the constant personalized support required.
  2. In August 2018, the IBM Foundation collaborated with the National Center for Learning Disabilities (NCLD) through which the company will provide a suite of classroom resources focused on supporting teachers that work with students with learning and attention issues..
  3. In September 2019, Samsung collaborated with the British Museum to offer a virtual visit to more than 35,000 visitors in the next five years through the Samsung Digital Discovery Centre (SDDC). The virtual visit program will provide access to staff and children via a learning session broadcasted directly into their classrooms.
  4. In November 2019, SMART Technologies formed a three-year partnership with Bett, an annual trade show in the UK focused on IT marketing in the education sector, organized by the Hyve Group. With the partnership, SMART Technologies will deliver education content programs at Bett UK, Bett Asia, and Bett MEA with sessions for decision-makers, teachers, and IT managers focused on the effective use of technology.
  5. In October 2019, Saba Software launched a new product called Saba me: time for its learning experience platform, which will provide a highly personalized and engaging learning experience guided by unique interests, preferences, and aspirations of each individual..

Key questions addressed by the report

  • What are the growth opportunities in the smart learning market?
  • What is the competitive landscape scenario in the market?
  • What are the regulations that are expected to have an impact on the market?
  • How have smart learning solutions and services evolved from traditional technologies?
  • What are the dynamics of the smart learning market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions for the Study
           2.5.2 Limitations of the Study

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Market
    4.2 Market in Asia Pacific, By Component and Country
    4.3 Smart Learning Market: Major Countries

5 Market Overview and Industry Trends (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Proliferation of Connected Devices in the Education Sector
                    5.2.1.2 Adoption of Elearning Solutions
                    5.2.1.3 Growing use of AI and ML in Smart Learning
           5.2.2 Restraints
                    5.2.2.1 Increasing Cyberattacks on Educational Institutes and Enterprises to Raise Data Security and Privacy Concerns
           5.2.3 Opportunities
                    5.2.3.1 Potential Growth Opportunities for System Integrators
                    5.2.3.2 Increasing Spending on the Education Sector
           5.2.4 Challenges
                    5.2.4.1 High Cost of Producing Elearning Content
                    5.2.4.2 Inability to Manage Real-Time and Unstructured Data
    5.3 Regulatory Implications
           5.3.1 Introduction
           5.3.2 Right to Education
           5.3.3 National Science Education Standards
           5.3.4 International Standard Classification of Education
           5.3.5 European Network for Quality Assurance in Higher Education
           5.3.6 Australian Education Act
           5.3.7 Education Services for Overseas Students Act
           5.3.8 Fundamental Law of Education
           5.3.9 Compulsory Education Law of the People's Republic of China
           5.3.10 South African Schools Act, No. 84 of 1996
           5.3.11 the Education Act 2011
           5.3.12 Every Student Succeeds Act
           5.3.13 Fund for Maintenance and Development of the Fundamental Education and Valorization of Teaching
    5.4 Use Cases
           5.4.1 Use Case 1: Docebo
           5.4.2 Use Case 2: G-Cube
           5.4.3 Use Case 3: Saba Software
           5.4.4 Use Case 4: Cisco
           5.4.5 Use Case 5: IBM
           5.4.6 Use Case 6: Google
           5.4.7 Use Case 7: Cornerstone
           5.4.8 Use Case 8: Blackboard
           5.4.9 Use Case 9: Instructure
           5.4.10 Use Case 10: Disprz

6 Smart Learning Market, By Component (Page No. - 49)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Interactive Displays
                    6.2.1.1 Interactive Displays Increase Learner Engagement, Inspire Students, and Encourage Enthusiasm for Learning
           6.2.2 Interactive Projectors
                    6.2.2.1 Interactive Projectors Offer Benefits That Improve Cognitive Learning
           6.2.3 Others
    6.3 Software
           6.3.1 Integrated Solution
                    6.3.1.1 Convenience of Scaling Up and Smooth Communication to Drive the Market of Integrated Solution
           6.3.2 Standalone Solution
                    6.3.2.1 Learning Management System/Learning Content Management System
                               6.3.2.1.1 Learning Management System/Learning Content Management System Solutions Offer Holistic Learning Experience By Providing Econtent, Collaboration, Course Management, Test and Assessment, and Performance Management
                    6.3.2.2 Student Information System
                               6.3.2.2.1 Student Information System Helps Manage Large Data and Provides Constant Smooth Flow of Information Across Users
                    6.3.2.3 Test and Assessment
                               6.3.2.3.1 Test and Assessment Tools Help Understand Potential Areas of Improvement
                    6.3.2.4 Collaboration
                               6.3.2.4.1 Collaboration Tools Help Create Virtual Classrooms and Elearning Environment
                    6.3.2.5 Econtent
                               6.3.2.5.1 Mobile Devices and Integration of Digital Classroom Facilities to Drive the Econtent Demand
                    6.3.2.6 Others
    6.4 Services
           6.4.1 Consulting
                    6.4.1.1 Need for Technical Expertise in Latin America and MEA Regions to Drive the Demand for Consulting Services
           6.4.2 Implementation
                    6.4.2.1 Implementation Services to Offer Significant Revenue Growth Opportunities in APAC
           6.4.3 Support and Maintenance
                    6.4.3.1 Growing Demand for Smart Learning Solutions to Fuel the Demand for Support and Maintenance Services

7 Smart Learning Market, By Learning Type (Page No. - 69)
    7.1 Introduction
    7.2 Synchronous Learning
           7.2.1 Demand for Instant Real-Time Interaction With Tutors to Drive the Synchronous Learning Model
    7.3 Asynchronous Learning
           7.3.1 Convenience of Time and Flexible Access to Econtent to Drive The Asynchronous Learning Model

8 Smart Learning Market, By End User (Page No. - 73)
    8.1 Introduction
    8.2 Academic
           8.2.1 K-12
                    8.2.1.1 Student Engagement Through Interactive Devices to Drive the K-12 Segment
           8.2.2 Higher Education
                    8.2.2.1 Ease of Learning Through LMS to Drive the Higher Education Segment
    8.3 Enterprises
           8.3.1 Small and Medium-Sized Enterprises
                    8.3.1.1 Rapid Digitization and Need to Adopt Latest Trends to Drive the Smart Learning Market Among SMES
           8.3.2 Large Enterprises
                    8.3.2.1 Benefits, Such as Employee Management, Training, and Test and Assessment, to Drive the Market Among Large Enterprises

9 Smart Learning Market, By Region (Page No. - 81)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
                    9.2.1.1 Government Initiatives and Investments in the Education Sector to Drive the US Market
           9.2.2 Canada
                    9.2.2.1 Adoption of Digital Technologies to Drive the Market in Canada
    9.3 Europe
           9.3.1 United Kingdom
                    9.3.1.1 Presence of Well-Established Academic Institutions and Their Adoption of Smart Learning Solutions
           9.3.2 Germany
                    9.3.2.1 Adoption of Lms and Learning Analytics to Increase Digital Learning Solutions
           9.3.3 France
                    9.3.3.1 Presence of Large Vendors to Drive the US Market
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Increasing Focus on Adopting Advance Technologies in the Education Industry
           9.4.2 Japan
                    9.4.2.1 Early Adoption of the Smart Learning Environment
           9.4.3 Australia and New Zealand
                    9.4.3.1 Increasing Need to Promote the use of Technology Across Verticals
           9.4.4 Rest of Asia Pacific
    9.5 Middle East and Africa
           9.5.1 United Arab Emirates
                    9.5.1.1 Mobile Penetration and Mobile Learning to Drive the UAE Market Growth
           9.5.2 Saudi Arabia
                    9.5.2.1 Growing Focus on Learner Needs Using Technological Advancements
           9.5.3 Rest of Middle East and Africa
    9.6 Latin America
           9.6.1 Brazil
                    9.6.1.1 Strong Economy and It Infrastructure to Drive the Market in Brazil
           9.6.2 Mexico
                    9.6.2.1 the Need to Increase Educational Performance and Attainment in Compulsory Education
           9.6.3 Rest of Latin America

10 Competitive Landscape (Page No. - 113)
     10.1 Overview
     10.2 Competitive Scenario
             10.2.1 Partnerships
             10.2.2 New Product Launches
             10.2.3 Business Expansion
             10.2.4 Acquisition

11 Company Profiles (Page No. - 118)
     11.1 Introduction
(Business Overview, Products, Solutions and Services Offered, Recent Developments, SWOT Analysis & MnM View)*
     11.2 Blackboard
     11.3 IBM
     11.4 Samsung
     11.5 SMART Technologies
     11.6 Adobe
     11.7 Saba Software
     11.8 Oracle
     11.9 SAP
     11.10 Microsoft
     11.11 Cornerstone OnDemand
     11.12 BenQ
     11.13 Huawei
     11.14 D2L
     11.15 Newrow
     11.16 Pearson
     11.17 McGraw-Hill
     11.18 CrossKnowledge
     11.19 Alphabet
     11.20 Ellucian
     11.21 Cisco
     11.22 Upside LMS

*Details on Business Overview, Products, Solutions and Services Offered, Recent Developments, SWOT Analysis & MnM View Might Not be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 163)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customization
     12.4 Related Reports
     12.5 Author Details


List of Tables (107 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2019
Table 2 Factor Analysis
Table 3 Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 4 Hardware: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Smart Learning Market Size, By Hardware, 2017–2024 (USD Million)
Table 6 Interactive Displays Market Size, By Region, 2017–2024 (USD Million)
Table 7 Interactive Projectors Market Size, By Region, 2017–2024 (USD Million)
Table 8 Others Market Size, By Region, 2017–2024 (USD Million)
Table 9 Software: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Software: Market Size, By Type, 2017–2024 (USD Million)
Table 11 Integrated Solution Market Size, By Region, 2017–2024 (USD Million)
Table 12 Standalone Solution Market Size, By Region, 2017–2024 (USD Million)
Table 13 Standalone Solution Market Size, By Type, 2017–2024 (USD Million)
Table 14 Learning Management System/Learning Content Management System Market, By Region, 2017–2024 (USD Million)
Table 15 Student Information System Market, By Region, 2017–2024 (USD Million)
Table 16 Test and Assessment Market, By Region, 2017–2024 (USD Million)
Table 17 Collaboration Market, By Region, 2017–2024 (USD Million)
Table 18 Econtent Market, By Region, 2017–2024 (USD Million)
Table 19 Others Market, By Region, 2017–2024 (USD Million)
Table 20 Services: Market Size, By Region, 2017–2024 (USD Million)
Table 21 Smart Learning Market, By Service, 2017–2024 (USD Million)
Table 22 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 23 Implementation Market Size, By Region, 2017–2024 (USD Million)
Table 24 Support and Maintenance Market Size, By Region, 2017–2024 (USD Million)
Table 25 Smart Learning Market Size, By Learning Type, 2017–2024 (USD Million)
Table 26 Synchronous Learning: Market Size, By Region, 2017–2024 (USD Million)
Table 27 Asynchronous Learning: Market Size, By Region, 2017–2024 (USD Million)
Table 28 Smart Learning Market Size, By End User, 2017–2024 (USD Million)
Table 29 Academic: Market Size, By Region, 2017–2024 (USD Million)
Table 30 Academic: Market Size, By Type, 2017–2024 (USD Million)
Table 31 K-12 Market Size, By Region, 2017–2024 (USD Million)
Table 32 Higher Education Market Size, By Region, 2017–2024 (USD Million)
Table 33 Enterprise: Market Size, By Region, 2017–2024 (USD Million)
Table 34 Enterprise: Market Size, By Type, 2017–2024 (USD Million)
Table 35 Small and Medium-Sized Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 36 Large Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 37 Smart Learning Market Size, By Region, 2017–2024 (USD Million)
Table 38 North America: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 39 North America: Component Market Size, By Hardware, 2017–2024 (USD Million)
Table 40 North America: Component Market Size, By Software, 2017–2024 (USD Million)
Table 41 North America: Software Market Size, By Standalone Solution, 2017–2024 (USD Million)
Table 42 North America: Component Market Size, By Service, 2017–2024 (USD Million)
Table 43 North America: Market Size, By Learning Type, 2017–2024 (USD Million)
Table 44 North America: Market Size, By End User, 2017–2024 (USD Million)
Table 45 North America: End User Market Size, By Academic, 2017–2024 (USD Million)
Table 46 North America: End User Market Size, By Enterprise, 2017–2024 (USD Million)
Table 47 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 48 United States: Market Size, By Component, 2017–2024 (USD Million)
Table 49 Canada: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 50 Europe: Market Size, By Component, 2017–2024 (USD Million)
Table 51 Europe: Component Market Size, By Hardware, 2017–2024 (USD Million)
Table 52 Europe: Component Market Size, By Software, 2017–2024 (USD Million)
Table 53 Europe: Software Market Size, By Standalone Solution, 2017–2024 (USD Million)
Table 54 Europe: Component Market Size, By Service, 2017–2024 (USD Million)
Table 55 Europe: Market Size, By Learning Type, 2017–2024 (USD Million)
Table 56 Europe: Market Size, By End User, 2017–2024 (USD Million)
Table 57 Europe: End User Market Size, By Academic, 2017–2024 (USD Million)
Table 58 Europe: End User Market Size, By Enterprise, 2017–2024 (USD Million)
Table 59 Europe: Smart Learning Market Size, By Country, 2017–2024 (USD Million)
Table 60 United Kingdom: Market Size, By Component, 2017–2024 (USD Million)
Table 61 Germany: Market Size, By Component, 2017–2024 (USD Million)
Table 62 France: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 63 Rest of Europe: Market Size, By Component, 2017–2024 (USD Million)
Table 64 Asia Pacific: Market Size, By Component, 2017–2024 (USD Million)
Table 65 Asia Pacific: Component Market Size, By Hardware, 2017–2024 (USD Million)
Table 66 Asia Pacific: Component Market Size, By Software, 2017–2024 (USD Million)
Table 67 Asia Pacific: Software Market Size, By Standalone Solution, 2017–2024 (USD Million)
Table 68 Asia Pacific: Component Market Size, By Service, 2017–2024 (USD Million)
Table 69 Asia Pacific: Market Size, By Learning Type, 2017–2024 (USD Million)
Table 70 Asia Pacific: Market Size, By End User, 2017–2024 (USD Million)
Table 71 Asia Pacific: End User Market Size, By Academic, 2017–2024 (USD Million)
Table 72 Asia Pacific: End User Market Size, By Enterprise, 2017–2024 (USD Million)
Table 73 Asia Pacific: Smart Learning Market Size, By Country, 2017–2024 (USD Million)
Table 74 China: Market Size, By Component, 2017–2024 (USD Million)
Table 75 Japan: Market Size, By Component, 2017–2024 (USD Million)
Table 76 Australia and New Zealand: Market Size, By Component, 2017–2024 (USD Million)
Table 77 Rest of Asia Pacific: Market Size, By Component, 2017–2024 (USD Million)
Table 78 Middle East and Africa: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 79 Middle East and Africa: Component Market Size, By Hardware, 2017–2024 (USD Million)
Table 80 Middle East and Africa: Component Market Size, By Software, 2017–2024 (USD Million)
Table 81 Middle East and Africa: Software Market Size, By Standalone Solution, 2017–2024 (USD Million)
Table 82 Middle East and Africa: Component Market Size, By Service, 2017–2024 (USD Million)
Table 83 Middle East and Africa: Market Size, By Learning Type, 2017–2024 (USD Million)
Table 84 Middle East and Africa: Market Size, By End User, 2017–2024 (USD Million)
Table 85 Middle East and Africa: End User Market Size, By Academic, 2017–2024 (USD Million)
Table 86 Middle East and Africa: End User Market Size, By Enterprise, 2017–2024 (USD Million)
Table 87 Middle East and Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 88 United Arab Emirates: Market Size, By Component, 2017–2024 (USD Million)
Table 89 Saudi Arabia: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 90 Rest of Middle East and Africa: Market Size, By Component, 2017–2024 (USD Million)
Table 91 Latin America: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 92 Latin America: Component Market Size, By Hardware, 2017–2024 (USD Million)
Table 93 Latin America: Component Market Size, By Software, 2017–2024 (USD Million)
Table 94 Latin America: Software Market Size, By Standalone Solution, 2017–2024 (USD Million)
Table 95 Latin America: Component Market Size, By Service, 2017–2024 (USD Million)
Table 96 Latin America: Market Size, By Learning Type, 2017–2024 (USD Million)
Table 97 Latin America: Market Size, By End User, 2017–2024 (USD Million)
Table 98 Latin America: End User Market Size, By Academic, 2017–2024 (USD Million)
Table 99 Latin America: End User Market Size, By Enterprise, 2017–2024 (USD Million)
Table 100 Latin America: Smart Learning Market Size, By Country, 2017–2024 (USD Million)
Table 101 Brazil: Market Size, By Component, 2017–2024 (USD Million)
Table 102 Mexico: Market Size, By Component, 2017–2024 (USD Million)
Table 103 Rest of Latin America: Smart Learning Market Size, By Component, 2017–2024 (USD Million)
Table 104 Partnerships, 2019
Table 105 New Product/Service Launches and Enhancements, 2019
Table 106 Business Expansions, 2018–2019
Table 107 Acquisitions, 2018–2019
 
 
List of Figures (50 Figures)
 
Figure 1 Smart Learning Market: Research Design
Figure 2 Data Triangulation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Hardware, Software, and Services of the Smart Learning Market
Figure 4 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply Side): Collective Revenue of All Hardware, Software, and Services of the Market
Figure 5 Market Size Estimation Methodology: Approach 2 Top-Down (Demand Side): Share of the Market
Figure 6 Smart Learning Market Size, 2019–2024
Figure 7 Hardware Segment to Hold the Largest Market Size in 2019
Figure 8 Asynchronous Learning Type to Account for a Higher Market Share in 2019
Figure 9 Academic Segment to Hold a Larger Market Size in 2019
Figure 10 Proliferation of Connected Devices to Drive the Market Growth
Figure 11 Hardware Segment and China to Account for the Highest Market Shares in Asia Pacific in 2019
Figure 12 UAE to Register the Highest CAGR During the Forecast Period
Figure 13 Smart Learning Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 K-12 Mobile Computing Shipments, 2016–2017
Figure 15 Cyberattacks, Targeted Industries, March 2018
Figure 16 Software Segment to Grow at the Highest CAGR During the Forecast Period
Figure 17 Interactive Displays Segment to Hold the Highest Market Share During the Forecast Period
Figure 18 APAC to Show Highest CAGR During the Forecast Period in Interactive Displays Segment
Figure 19 Interactive Projectors to Hold the Highest Market Share in North America
Figure 20 APAC to Show Highest CAGR During the Forecast Period in the Software Segment
Figure 21 Integrated Solution to Grow at Higher CAGR During the Forecast Period
Figure 22 LMS/LCMS Segment to Hold the Highest Share Standalone Solution During the Forecast Period
Figure 23 APAC to Show Highest CAGR During the Forecast Period in the Services Segment
Figure 24 Implementation Services to Show Highest CAGR During the Forecast Period in the Services Segment
Figure 25 Synchronous Learning Segment to Show Higher CAGR During the Forecast Period in the Smart Learning Market
Figure 26 Enterprise Segment to Witness a Higher Growth Rate During the Forecast Period
Figure 27 K-12 Segment to Grow at a Higher CAGR During the Forecast Period
Figure 28 Small and Medium-Sized Enterprises to Witness a Higher Growth Rate During the Forecast Period
Figure 29 North America to Exhibit the Largest Market Size During the Forecast Period
Figure 30 North America: Market Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Key Strategies Adopted By Leading Players in the Smart Learning Market During 2018–2019
Figure 33 Market Evaluation Framework, 2018–2019
Figure 34 Blackboard: SWOT Analysis
Figure 35 IBM: Company Snapshot
Figure 36 IBM: SWOT Analysis
Figure 37 Samsung: Company Snapshot
Figure 38 Samsung: SWOT Analysis
Figure 39 SMART Technologies: SWOT Analysis
Figure 40 Adobe: Company Snapshot
Figure 41 Adobe: SWOT Analysis
Figure 42 Oracle: Company Snapshot
Figure 43 SAP: Company Snapshot
Figure 44 Microsoft: Company Snapshot
Figure 45 Cornerstone On Demand: Company Snapshot
Figure 46 Huawei: Company Snapshot
Figure 47 Pearson: Company Snapshot
Figure 48 McGraw-Hill: Company Snapshot
Figure 49 Alphabet: Company Snapshot
Figure 50 Cisco: Company Snapshot

The study involved four major activities in estimating the current market size for the smart learning market. An exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the smart learning market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The smart learning market comprises several stakeholders, such as smart learning vendors, smart learning service providers, venture capitalists, government organizations, regulatory authorities, policymakers, and financial organizations, consulting firms, research organizations, academic institutions, resellers and distributors and training providers. The demand side of the smart learning market consists of all the firms operating in several industry verticals. The supply side includes smart learning providers, offering smart learning services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakup of the primary respondents:

Smart Learning Market

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Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global smart learning market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors who offer solutions and services in the smart learning market was prepared while using the top-down approach. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its components (hardware, software, and services). The aggregate of all companies’ revenues was extrapolated to reach the overall market size.

Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and managers.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global smart learning market by component, learning type, end user, and region during the forecast period, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze each submarket with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the smart learning market
  • To profile key market players; provide a comparative analysis based on business overview, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market
  •  To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research & Development (R&D) activities, in the market

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company information

  • Detailed analysis and profiling of additional market players (Up to 5)
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Report Code
TC 3499
Published ON
Jan, 2020
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