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.
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.
Growing number of mobile
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
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.
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
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.
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.
Smart Learning Market: End User
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.
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
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.
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.
May 2019, Tools4ever Announces New Technology Partnership with
Blackboard to deliver enhanced experience for mutual customers.
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.
of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Million/Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
By Component, By Learning Type, By Age, By End User and By
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
Support and Maintenance
By Learning Type
Above 45 Years
By End User
Small and Medium-Sized Enterprises
Middle East & Africa