Wilmington, Delaware, Nov. 02, 2023 (GLOBE NEWSWIRE) -- According to RationalStat analysis, the Global Smart Education Market value is estimated at whopping US$ 108.4 billion in 2023 and is expected to rise at a strong CAGR of over 17.8% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
The integration of digital technologies, internet connectivity, and interactive learning methods with traditional educational practices is referred to as smart education. It entails the use of numerous technology tools and platforms, such as computers, tablets, interactive whiteboards, educational apps, and online learning materials, to improve students' and instructors' learning experiences.
More students and educators now have access to digital devices due to the increasing availability of smartphones, tablets, and PCs. This greater access to technology fosters a climate conducive to the adoption of smart education solutions.
The future of the smart education market is bright. The market is expected to grow rapidly in the coming years, driven by the increasing demand for personalized learning, online education, and digital learning resources. Companies are competing in the market by focusing on innovation, content, and platforms.
- According to a deep-dive market assessment by RationalStat, the global Smart Education market has been analyzed on the basis of market segments, including learning component, type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Smart Education market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Smart Education market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Smart Education Market: Segmental and Market Share Analysis
- On the basis of application, academic segment is anticipated to dominate the global smart education market in 2022 and is expected to continue this trend during the forecast period.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 108.4 billion |
| Market Size Forecast | US$ 341.2 billion |
| Growth Rate | 17.8% |
| Dominant Segment | Academic |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. These companies offer a wide range of smart education products and services, including:
- Online courses and tutorials
- Learning management systems (LMS)
- Adaptive learning platforms
- Educational games and simulations
- Virtual reality and augmented reality (VR/AR) learning experiences
Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Smart Education market include,
- In January 2020, Pearson, the world's learning company, announced the purchase of industry-leading digital learning technology from Smart Sparrow, a Sydney-based ed tech developer.
Some of the prominent players and brands operating and contributing significantly to the global Smart Education market growth include Adobe, Blackboard Inc, Cisco Systems, Inc, D2L Corporation, Educomp Solutions Ltd, Ellucian Company L.P., McGraw-Hill, Pearson, SumTotal Systems, LLC, and MPS Interactive Systems Limited, among others.
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RationalStat has segmented the global Smart Education market based on component, learning type, application and region
- Global Smart Education Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Component
- Hardware
- Software
- Global Smart Education Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Learning Type
- Synchronous Learning
- Asynchronous Learning
- Global Smart Education Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Corporate
- Academic
- Global Smart Education Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Smart EducationMarket
- US
- Canada
- Latin America Smart EducationMarket
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Smart EducationMarket
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Smart EducationMarket
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Smart EducationMarket
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Smart EducationMarket
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Smart EducationMarket
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Key Questions Answered in the Smart Education Report:
- What will be the market value of the global Smart Education market by 2030?
- What is the market size of the global Smart Education market?
- What are the market drivers of the global Smart Education market?
- What are the key trends in the global Smart Education market?
- Which is the leading region in the global Smart Education market?
- What are the major companies operating in the global Smart Education market?
- What are the market shares by key segments in the global Smart Education market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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