The smart learning market has seen exponential growth, rising from $42.97 billion in 2023 to $51.65 billion in 2024, with a remarkable CAGR of 20.2%. This growth is fueled by the demand for online learning tools and advancements in AI technology. By 2028, the market is expected to reach $108.74 billion, growing at a CAGR of 20.5%. Key trends include government investments in digital infrastructure and the integration of AI-supported personalized education experiences.
Major Driver In The Smart learning Market
The surge in adoption of smartphones and tablets is expected to drive the growth of the smart learning market. These devices, known for their advanced functionalities and portability, are increasingly used for education due to their touchscreen interfaces and integration with educational apps. The rise in smartphone and tablet use supports smart learning by providing flexible and engaging educational experiences. Cybercrew.UK reported that the percentage of UK households using smartphones is projected to increase from 91.43% in 2021 to 93.8% by 2026. This growing adoption is thus propelling the smart learning market.
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Smart learning Market Competitive Landscape
Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corp., Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corp., Cisco Systems Inc., Oracle Corp., SAP SE, Yellow Corp., Pearson plc, Citrix Systems Inc., Ellucian Company, Blackboard Inc., Pharrell Williams, Promethean World Ltd., SMART Technologies ULC, D2L Corporation, ByteXL India Private Limited
Key Smart learning Market Trend
Companies in the smart learning market are focusing on AI-supported learning dashboards to personalize educational experiences. These dashboards track student progress in real-time and offer tailored feedback for improved learning outcomes. In October 2022, Youdao Inc., a Chinese tech company, launched the Youdao Smart Learning Pad X10, integrating AI for personalized learning. This innovative tool supports diverse educational apps and interactive lessons, ensuring an immersive learning experience.
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Smart learning Market Segmentation
The smart learning market covered in this report is segmented –
1) By Learning Type: Online Learning, Offline Or Classroom-based Learning, Blended Learning
2) By Offering: Hardware, Solutions, Services
3) By End User: Academic, K-12 Education, Higher Education, Corporate
By Geography:The regions covered in the smart learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the smart learning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Smart learning Global Market Report 2024 furnishes information about the global smart learning market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
