Report Overview

Global Smart Learning Market Forecast and Trends

The global market of smart learning has reached USD 23.22 billion in 2019 and projected to reach USD 80.89 Billion in 2026 and anticipated to grow with CAGR of 19.53% during the forecast period from 2020-2026. Owing to the adoption of eLearning solutions, the proliferation of connected devices in the education sector and the growing use of Machine Learning (ML) and Artificial Intelligence (AI) in smart learning.

Factors such as a rise in demand for these solutions form students, employees, and others to become digitally educated; increased importance of smart education and learning solutions; increase in demand for collaboration-based learning; improvement in the connectivity of handheld communication devices drive the growth of the global market. Additionally, the rise in the number of virtual schools and the emergence of bring-your-own-device (BYOD) trends are estimated to present major opportunities for market expansion in the near future across the globe.

Global Smart Learning Market: Overview

Smart education and learning solutions emphasize the applications of mobile instruments and focus on the mobility of the learner. Also, it provides a flexible learning process, which replaces traditional classroom teaching methods. Many educational institutes are shifting their preference towards smart education concept by adopting high-tech teaching methods such as smart notebooks, whiteboards, and others. Smart learning and education is an electronic approach to train and learn with the help of software technologies which includes learning applications, cloud platforms, and others. Smart education strengthens the capabilities of learners by providing them with customized and smart learning solutions, which also involves visuals and graphics. It is mostly used by corporates for delivering training to their employees as well as it is used by academic institutions to teach their students through 3D models and graphics to generate more understanding. Smart learning saves time, as students can learn at any time whenever they want to. It is also economical as well as effective as compared to the traditional methods of learning.

Growth Drivers

Growing number of mobile learning applications

The global education sector has experienced a significant shift in learning models owing to the burgeoning demand for digital education and mobile devices across the globe. Mobile learning has become mainstream and has wholly revolutionized traditional educational business models. The adoption of mobile learning has raised in organizations as well as educational institutions, owing to the ease of being integrated into their education and business models across emerging countries such as India and China.

Increase in Acceptance of E-learning in Corporate & Academic Set-ups

An increase in demand for mobile-based and web-based learning platforms among academic’s institutes, such as schools and universities and corporates are estimated to propel the market growth during the forecast period. The adoption of e-learning tools and software provides several advantages such as more revenue per trained employee, reduced costs of traditional modules that are associated with education, increased productivity, and others, which in turn have increased its adoption among the end-users.

Restraint

Lack of awareness and lack of technology adoption

Failure to embrace technology and lack of awareness of smart learning in developing economies is expected to pose an obstacle to the growth of the global smart learning industry. In addition, limited user segment funding is expected to inhibit the development of the worldwide smart learning and education market.

Global Smart Learning Market: Component

Based on components, the software segment of the smart learning market is projected to grow at the fastest CAGR during the forecast period. The smart learning software market is categorized into an integrated solution and a standalone solution. The standalone solution includes Learning Management System (LMS)/Learning Content Management System (LCMS), Student Information System (SIS), test and assessment, collaboration, e-Content, and others, such as content authoring tools, screen capturing tools, and open-source software. Software solutions offer organizations with well-organized Enterprise Resource Planning (ERP) systems that help faculty members create enhanced courses and skillfully manage classrooms and schools. Online educational platforms create virtual classrooms that allow teachers to handle a wide audience with no budget constraints. K-12 and institutions of higher education are increasingly struggling to manage complex, overlapping information technology (IT) solutions distributed across the campus.

Global Smart Learning Market: Learning Type

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 done online and offline. This requires the coursework to be distributed via the internet, email, or message boards posted in online forums. In this sort of tendency, learners cannot cast their doubts in real-time. Asynchronous learning means that learners cannot seek immediate feedback from their fellow students or tutors. The learners can be self-paced, which in the synchronous form of learning. Asynchronous learning provides benefits, such as message boards, discussion groups, and self-run classes. Message boards help students either present their questions and doubts on a central board/forum or comment on the answers.

Global Smart Learning Market: Age

Based on the age, the Smart learning market is segmented into 5-10 Years, 10-18 Years, 19-29 Years, 30-45 Years, Above 45 Years. 10-18 Years segment is estimated to dominate the market during the forecast period of 2026 due to the significant adoption of smart learning solutions in academic training programs for practical, theoretical, and task-based learning. The 30 to 45 years segment is expected to exhibit a significant growth rate over the forecast period, due to the constant evolution of the corporate smart learning market to cope with current trends and technologies. It offers quick information access capabilities to employees, who can access them via multiple devices.

Global Smart Learning Market: End User

Organizations and institutions in the business domain, apart from the education sector, have been classified as enterprises in the report. Enterprise users include organizations that cater to different verticals, such as retail, government, education, and insurance and banking & financial services (BFSI). Corporate users incorporate the learning technologies as a method for training and assessing workers to give different guidance and suggestions. Real-time mass notification systems help corporate management implement quicker communication about new policies and other directives with its employees. This classification is further categorized into Small and Medium-sized Enterprises (SMEs) and large enterprises depending on the organization's number of employees.

Global Smart Learning Market: Regional Insights

Based on the region, the Smart learning market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is expected to dominate the smart learning market across the region over the forecast period from 2020-2026. 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. An increase in the number of mobile learning applications has been witnessed in the region. The North American Education Technology (EdTech) industry is growing significantly with abundant investments.

Smart learning Market: Competitive Landscape

The major market players in the Smart learning market are Blackboard, IBM, Samsung, Alphabet, Adobe, Cisco, Saba Software, Oracle, SAP, Microsoft, Smart Technologies, Cornerstone OnDemand, BenQ, Huawei, CrossKnowledge, D2L, McGraw-Hill, Ellucian, Pearson, and Other Prominent Players are expanding their presence in the market by implementing various innovations and technology.

Recent Developments:

In September 2019, Blackboard is partnering with Amazon’s Alexa to launch a new integration so learners can access information about their student profile and coursework by asking Alexa simple questions.

In May 2019, Tools4ever Announces New Technology Partnership with Blackboard to deliver enhanced experience for mutual customers.

The objective of the Study:

To analyze and forecast the global Smart learning market size of the market, in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Smart learning market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.

To outline, categorized and forecast the global Smart learning market based on the component, learning type, age, end-user, and region.

To examine competitive developments like technological advancement, services, and regulative framework within the global Smart Learning Market.

To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

Attribute	Details
Years Considered	Historical data – 2016-2019
	Base Year – 2019
	Forecast – 2020 – 2026
Facts Covered	Revenue in USD Million/Billion
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product/Service Segmentation	By Component, By Learning Type, By Age, By End User and By Region
Key Players	Blackboard, IBM, Samsung, Alphabet, Adobe, Cisco, Saba Software, Oracle, SAP, Microsoft, Smart Technologies, Cornerstone OnDemand, BenQ, Huawei, CrossKnowledge, D2L, McGraw-Hill, Ellucian, Pearson, and Other Prominent Players

By Component

·         Hardware

o    Interactive Displays

o    Interactive Projectors

o    Others

·         Software

o    Integrated Solution

o    Standalone Solution

§  Student Information System

§  Test and Assessment

§  Collaboration

§  Learning Management System

§  Others

·         Services

o    Consulting

o    Implementation

o    Support and Maintenance

By Learning Type

·         Synchronous Learning

·         Asynchronous Learning

By Age

·         5-10 Years

·         10-18 Years

·         19-29 Years

·         30-45 Years

·         Above 45 Years

By End User

·         Academic

o    K-12

o    Higher Education

·         Enterprises

o    Small and Medium-Sized Enterprises

o    Large Enterprises

By Region: 

·         North America

·         Europe

·         Asia Pacific

·         Latin America

 

·         Middle East & Africa

1.    Research Framework

1.1. Research Objective

1.2. Component Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Learning Type

2.2. Quantitative Research

2.2.1.   Primary & Secondary Learning Type

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption For The Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Smart Learning Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Technological Landscape

4.3. Regulatory Framework

4.4. Company Market Share Analysis,2019

4.5. Porter’s Five forces analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Smart Learning Market Overview

5.1. Market Estimates & Forecast By Value, 2016-2026

5.1.1.   By Value (USD)

5.2. Market Share & Forecast

5.2.1.   By Component

5.2.1.1.       Hardware

5.2.1.1.1.          Interactive Displays

5.2.1.1.2.          Interactive Projectors

5.2.1.1.3.          Others

5.2.1.2.       Software

5.2.1.2.1.          Integrated Solution

5.2.1.2.2.          Standalone Solution

5.2.1.2.3.          Student Information System

5.2.1.2.4.          Test and Assessment

5.2.1.2.5.          Collaboration

5.2.1.2.6.          Learning Management System

5.2.1.2.7.          Others

5.2.1.3.       Services

5.2.1.3.1.          Consulting

5.2.1.3.2.          Implementation

5.2.1.3.3.          Support and Maintenance

5.2.2.   By Learning Type

5.2.2.1.       Synchronous Learning

5.2.2.2.       Asynchronous Learning

5.2.3.   By Age

5.2.3.1.       5-10 Years

5.2.3.2.       10-18 Years

5.2.3.3.       19-29 Years

5.2.3.4.       30-45 Years

5.2.3.5.       Above 45 Years

5.2.4.   By End-User

5.2.4.1.       Academic

5.2.4.1.1.          K-12

5.2.4.1.2.          Higher Education

5.2.4.2.       Enterprises

5.2.4.2.1.          Small and Medium-Sized Enterprises

5.2.4.2.2.          Large Enterprises

5.2.5.   By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       Asia Pacific

5.2.5.4.       Latin America

5.2.5.5.       Middle East & Africa

6.    North America Smart Learning Market

6.1. Market Estimates & Forecast By Value, 2016-2026

6.1.1.   By Value (USD)

6.2. Market Share & Forecast

6.2.1.   By Component

6.2.2.   By Learning Type

6.2.3.   By Age

6.2.4.   By End-User

6.2.5.   By Country

6.2.5.1.       U.S

6.2.5.2.       Canada

7.    Europe Smart Learning Market

7.1. Market Estimates & Forecast By Value, 2016-2026

7.1.1.   By Value (USD)

7.2. Market Share & Forecast

7.2.1.   By Component

7.2.2.   By Learning Type

7.2.3.   By Age

7.2.4.   By End-User

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       U.K

7.2.5.3.       France

7.2.5.4.       Italy

7.2.5.5.       Rest of Europe

8.    Asia Pacific Smart Learning Market

8.1. Market Estimates & Forecast By Value, 2016-2026

8.1.1.   By Value (USD)

8.2. Market Share & Forecast

8.2.1.   By Component

8.2.2.   By Learning Type

8.2.3.   By Age

8.2.4.   By End-User

8.2.5.   By Country

8.2.5.1.       China

8.2.5.2.       India

8.2.5.3.       Japan

8.2.5.4.       South Korea

8.2.5.5.       Rest of Asia Pacific

9.    Latin America Smart Learning Market

9.1. Market Estimates & Forecast By Value, 2016-2026

9.1.1.   By Value (USD)

9.2. Market Share & Forecast

9.2.1.   By Component

9.2.2.   By Learning Type

9.2.3.   By Age

9.2.4.   By End-User

9.2.5.   By Country

9.2.5.1.       Brazil

9.2.5.2.       Mexico

9.2.5.3.       Argentina

9.2.5.4.       Rest of Latin America

10.Middle East & Africa Smart Learning Market

10.1.             Market Estimates & Forecast By Value, 2016-2026

10.1.1.                By Value (USD)

10.2.             Market Share & Forecast

10.2.1.                By Component

10.2.2.                By Learning Type

10.2.3.                By Age

10.2.4.                By End-User

10.2.5.                By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

10.2.5.4.    Rest of Middle East & Africa

11.Company Profile (Company Overview, Financial Matrix, Component landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

11.1.             Blackboard

11.2.             IBM

11.3.             Samsung

11.4.             Alphabet

11.5.             Adobe

11.6.             Cisco

11.7.             Saba Software

11.8.             Oracle

11.9.             SAP

11.10.          Microsoft

11.11.          Smart Technologies

11.12.          Cornerstone OnDemand

11.13.          BenQ

11.14.          Huawei

11.15.          CrossKnowledge

11.16.          D2L

11.17.          McGraw-Hill

11.18.          Ellucian

11.19.          Pearson

11.20.          Other Prominent Players

 

List of Figures

Fig: Global Smart Learning Segmentation

Fig: Global Smart Learning Market Value Chain Analysis

Fig: Company Market Share Analysis, 2019

Fig: Global Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: Global Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: Global Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: Global Smart Learning Market Share, By Age, By Value, 2016-2026

Fig: Global Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: Global Smart Learning Market Share, By Region, By Value, 2016-2026

Fig: North America Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: North America Smart Learning Market Y-o-Y Growth, By Value, 2017-2026

Fig: North America Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: North America Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: North America Substitutes Market Share, By Age, By Value, 2016-2026

Fig: North America Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: North America Smart Learning Market Share, By Country, By Value, 2016-2026

Fig: Europe Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: Europe Smart Learning Market Y-o-Y Growth, By Value, 2017-2026

Fig: Europe Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: Europe Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: Europe Smart Learning Market Share, By Age, By Value, 2016-2026

Fig: Europe Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: Europe Smart Learning Market Share, By Country, By Value, 2016-2026

Fig: Asia-Pacific Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: Asia-Pacific Smart Learning Market Y-o-Y Growth, By Value, 2017-2026

Fig: Asia-Pacific Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: Asia-Pacific Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: Asia-Pacific Smart Learning Market Share, By Age, By Value, 2016-2026

Fig: Asia-Pacific Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: Asia-Pacific Smart Learning Market Share, By Country, By Value, 2016-2026

Fig: Latin America Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: Latin America Smart Learning Market Y-o-Y Growth, By Value, 2017-2026

Fig: Latin America Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: Latin America Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: Latin America Smart Learning Market Share, By Age, By Value, 2016-2026

Fig: Latin America Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: Latin America Smart Learning Market Share, By Country, By Value, 2016-2026

Fig: Middle-East & Africa Smart Learning Market Size, By Value (USD Million), 2016-2026

Fig: Middle-East & Africa Smart Learning Market Y-o-Y Growth, By Value, 2017-2026

Fig: Middle-East & Africa Smart Learning Market Share, By Component, By Value, 2016-2026

Fig: Middle-East & Africa Smart Learning Market Share, By Learning Type, By Value, 2016-2026

Fig: Middle-East & Africa Smart Learning Market Share, By Age, By Value, 2016-2026

Fig: Middle East & Africa Smart Learning Market Share, By End-User, By Value, 2016-2026

Fig: Middle East & Africa Smart Learning Market Share, By Country, By Value, 2016-2026

 

List of Tables:

Table: Global Smart Learning Market Size, By Component, By Value, 2016-2026

Table: Global Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: Global Smart Learning Market Size, By Age, By Value, 2016-2026

Table: Global Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: Global Smart Learning Market Size, By Region, By Value, 2016-2026

Table: North America Smart Learning Market Size, By Component, By Value, 2016-2026

Table: North America Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: North America l Smart Learning Market Size, By Age, By Value, 2016-2026

Table: North America Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: North America Smart Learning Market Size, By Country, By Value, 2016-2026

Table: Europe Smart Learning Market Size, By Component, By Value, 2016-2026

Table: Europe Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: Europe Smart Learning Market Size, By Age, By Value, 2016-2026

Table: Europe Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: Europe Smart Learning Market Size, By Country, By Value, 2016-2026

Table: Asia-Pacific Smart Learning Market Size, By Component, By Value, 2016-2026

Table: Asia-Pacific Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: Asia-Pacific Smart Learning Market Size, By Age, By Value, 2016-2026

Table: Asia-Pacific Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: Asia-Pacific Smart Learning Market Size, By Country, By Value, 2016-2026

Table: Latin America Smart Learning Market Size, By Component, By Value, 2016-2026

Table: Latin America Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: Latin America Smart Learning Market Size, By Age, By Value, 2016-2026

Table: Latin America Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: Latin America Smart Learning Market Size, By Country, By Value, 2016-2026

Table: Middle-East & Africa Smart Learning Market Size, By Component, By Value, 2016-2026

Table: Middle-East & Africa Smart Learning Market Size, By Learning Type, By Value, 2016-2026

Table: Middle-East & Africa Smart Learning Market Size, By Age, By Value, 2016-2026

Table: Middle East & Africa Smart Learning Market Size, By End-User, By Value, 2016-2026

Table: Middle East & Africa Smart Learning Market Size, By Country, By Value, 2016-2026

Table: Blackboard Financial Analysis

Table: IBM Financial Analysis

Table: Samsung Financial Analysis

Table: Alphabet Financial Analysis

Table: Adobe Financial Analysis

Table: CISCO Financial Analysis

Table: Saba Software Financial Analysis

Table: Oracle Financial Analysis

Table: SAP Financial Analysis

Table: Microsoft Financial Analysis

 

*Financial Details will be captured as per data availability in case of unlisted companies

 

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable.