What Is The Definition Of The Global Smart learning Market?
Smart learning is an educational approach that leverages advanced technologies to create personalized, adaptive, and engaging learning experiences. It involves using tools such as artificial intelligence (AI), machine learning, big data, and the Internet of Things (IoT) to tailor educational content and methods to individual learners' needs, preferences, and progress. Smart learning aims to enhance the effectiveness, efficiency, and accessibility of education.
Smart learning Global Market Report 2024 provides data on the global smart learning market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart learning market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Smart learning Size Expected To Change, And What Are The Growth Rate Projections?
The smart learning market has grown exponentially, increasing from $42.97 billion in 2023 to $51.65 billion in 2024, at a CAGR of 20.2%. Growth drivers include the rising demand for online and remote learning tools, advancements in AI and machine learning, increased adoption of advanced technologies, and government support for smart education. The market is expected to reach $108.74 billion by 2028 at a CAGR of 20.5%. Key growth factors include government investments in digital infrastructure, advancements in data storage, and the integration of AI-supported personalized education experiences. Trends include the proliferation of connected devices, the BYOD culture, and personalized learning solutions.
Which Drivers Are Accelerating Growth In The Smart learning Market?
The rising adoption of smartphones and tablets is expected to boost the growth of the smart learning market. These devices, used for communication, entertainment, education, and work, are becoming increasingly popular due to their portability, convenience, and multifunctionality. The growing adoption of smartphones and tablets is driven by their touchscreen interfaces, mobile payments, and the rise of educational apps. These devices play a crucial role in smart learning by offering personalized, flexible, and engaging learning experiences. In March 2023, Cybercrew.UK projected that the percentage of UK households using smartphones would increase from 91.43% in 2021 to 93.8% by 2026. Therefore, the widespread adoption of smartphones and tablets is driving the smart learning market's growth.
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What Are The Core Segments Of The Global Smart learning Market?
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
Which Emerging Trends Are Reshaping The Smart learning Market?
The smart learning market is witnessing the development of innovative tools like AI-supported learning dashboards, which personalize educational experiences, track progress in real time, and offer tailored feedback. In October 2022, Youdao Inc., a Chinese technology company, launched the Youdao Smart Learning Pad X10. This tool uses adaptive algorithms to customize content for individual learning styles and progress. It supports diverse educational applications, including interactive lessons, quizzes, and multimedia content, providing an immersive and user-friendly educational experience.
What Is The Largest Region In The Smart learning Market?
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 regions covered in the smart learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
