According to a new market research report “Smart Education and Learning Market: Advanced Technologies, Digital Models, Adoption Trends and Worldwide Market Forecast (2012 – 2017)’’, published by MarketsandMarkets, the Global Smart Education and Learning market is expected to reach $220.0 billion by 2017 at a CAGR of 20.3% from 2012 to 2017.
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Digital Models, Adoption Trends and Worldwide Market Forecast (2012 – 2017)’’.
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Smart Education consists of a wide range of technologies that are used to convert traditional education systems into automated virtual learning environment through web based courses, assessment materials, online tutoring, professional development, and data management systems. Smart Education technology will speed the processes of providing curriculum, communicating with and managing the education communities. These technologies comprise of software such as educational ERP to disruptive technologies such as LMS and LCMS. Interactive whiteboards and simulation based learning hardware are also included within the ambit of this smart education market report.
The smart education market is expected to increase from $73.8 billion in 2011 to $220.0 billion by 2017, showing a CAGR of 20.3%, from 2012-2017. Services segment accounted for maximum revenue in the products’ market with $24.6 billion in 2011, and is estimated to reach $97.9 billion by 2017 with a CAGR of 26.6%, from 2012 to 2017. Content segment is estimated to be $72.9 billion in 2017, at a CAGR of 12.1%, from 2012 to 2017. Software is estimated to reach $37.2 billion and hardware with the least market share is estimated to reach $12.1 billion in 2017.
The major global buyer segment includes higher education course providers, PreK-12, enterprise or business education providers, health care and government.
Companies such as Ellucian, Inc. (U.S.), Smart Technologies (U.S.), Blackboard Inc. (U.S.), and Kaplan Inc. (U.S.)., Educomp Solutions Ltd. (India), NIIT Limited (India), Promethean World Plc (United Kingdom), Pearson PLC (United Kingdom), and Informa Plc (Switzerland) are key market players. Companies like Abode, Trivantis and TechSmith provide course authoring and tools for converting content into digital format, as well as screen capturing software essential in preparation of video contents.
The report provides in-depth analysis of various modes of learning such as collaboration based learning, social learning, simulation based learning, mobile learning etc., as well as emerging trends in smart education across geographies.
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