Smart Education Market by Product, End-users, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40431
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The smart education market size has the potential to grow by USD 117.71 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by product (content, software, and hardware), end-users (higher education, and K-12 schools), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Adobe Systems, Blackboard Inc., Cisco Systems Inc., Dell Technologies Inc., D2L Corporation, Discovery, Inc., Ellucian Co. L.P., Instructure Inc., Pearson LLC, and Samsung Electronics Co. Ltd.

Market Overview

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Market Competitive Analysis

The smart education market is fragmented. International vendors such as Discovery, Inc., Ellucian Co. L.P., Instructure Inc., Pearson LLC, and Samsung Electronics Co. Ltd. are focusing on expanding their market presence by acquiring regional or local vendors. Factors such as the proliferation of modern teaching methodologies are also supporting the growth of market vendors. However, factors such as budget constraints in emerging countries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this smart education market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this smart education market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Adobe Systems
  • Blackboard Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • D2L Corporation
  • Discovery, Inc.
  • Ellucian Co. L.P.
  • Instructure Inc.
  • Pearson LLC
  • Samsung Electronics Co. Ltd.

Smart Education Market: Segmentation by Region

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APAC was the largest smart education market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing number of schools and higher education institutions that have adopted smart devices in modern classrooms will significantly influence smart education market growth in this region.

Over 43% of the market’s growth will originate from APAC during the forecast period. China is a key market for smart education in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Smart Education Market: Segmentation by Product

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The smart education content segment is expected to witness gradual growth over the forecast period owing to the rising number of social learning platforms garnering traction among the educators and the students. Various vendors are offering bite-sized videos, audios, and articles or blogs that provide crucial educational information to the students.

However, market growth in this segment will be slower than the growth of the market in the software segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart education market size.

Smart Education Market: Key Drivers and Trends

The growing accessibility to smartphones and other devices will provide traction to the usage of smart online education for learning and progress evaluation. Both emerging and developing countries are witnessing high penetration of smartphones, with a high number of educational institutions rapidly adopting BYOD globally. These smart education devices support institutions in effective teaching, learning, or operational activities. Also, institutions facilitate the teachers and students to use smart devices such as iPads and tablets.

The continuous focus on new product development will drive the growth of the smart education market. Several educational technology providers in the smart class market are launching innovative products and solutions to help students and teachers effectively utilize modern technologies to enhance the quality of education provided. For instance, a key solution provider of collaboration and education solutions offered the latest line of products to suit varying education needs. These education solutions provide access to digital content on different devices, displays, and accessories. Also, devices such as interactive whiteboard enhance comprehension skills and visual instruction, while, enabling effective communication and real-time data sharing.

 

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Smart Education Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart education market growth during the next five years
  • Precise estimation of the smart education market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart education market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart education market vendors 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart education market growth will increase by $117.71 billion during 2019-2024.
The smart education market is expected to grow at a CAGR of 18.90% during 2019-2024.
Technavio has segmented the smart education market by product (Content, Software, and Hardware) ,other 1 (x86, ARM, PowerPC, and Others) , and geographic (APAC, Europe, North America, South America, and MEA).
Adobe Systems, Blackboard Inc., Cisco Systems Inc., Dell Technologies Inc., D2L Corporation, Discovery, Inc., Ellucian Co. L.P., Instructure Inc., Pearson LLC, Samsung Electronics Co. Ltd. are a few of the key vendors in the smart education market.
APAC will register the highest growth rate of 43.18% among the other regions. Therefore, the smart education market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • UK
  • Germany
  • Australia
The key factors driving the smart education market growth are:
  • Availability of cost-effective smart education solutions
  • Continuous focus on new product development
The smart education market vendors should focus on grabbing business opportunities from the content segment as it accounted for the largest market share in the base year.
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